WISeKey
Incorporates WISeKey
Gibraltar
As part of the Phase II of
its GLL4iR.COM
project,
WISeKey is localizing its
technology using one of the Gibraltar data
center fortresses connected to
WISeKey’s Swiss Mountains Data
Fortress
Geneva, Switzerland – April 11, 2022 – WISeKey
International Holding Ltd (SIX: WIHN, NASDAQ: WKEY), a Swiss based
cyber security, IoT, AI platform company, today announced that it
has incorporated WISeKey Gibraltar Ltd. (“WISeKey Gibraltar”), a
100% owned subsidiary in Gibraltar.
The objective of WISeKey with the incorporation
of WISeKey Gibraltar is to launch Phase II of the Gibraltar La
Linea 4th Industrial Revolution Center GLL4iR.COM. Phase I was
concluded with the launch of WISeSats IoT satellites with Space X.
As part of Phase II of the project WISeKey Gibrlatar is set to
launch a secure gateway to the metaverse from Gibraltar, in a bid
to see the Rock become a major player in this burgeoning new tech
sector. The Phase II of GLL4IR.com was announced early this month
during a presentation at Hassans law firm.
In 2021, WISeKey announced the signing of two Memorandum of
Understanding (MoUs) with Mr. Fabian
Picardo, Chief Minister of Gibraltar and the Mayor
of La Línea de la
Concepción, Mr. Juan
Franco, for the development of a joint
4th Industrial Revolution Center of
Excellence spearheading innovation in
the region.
As part of the Phase II of the project WISeKey
is localizing its technology using one of the Gibraltar data center
fortresses connected to the WISeKey Swiss Mountains Data Fortress.
Gibraltar provides, quite literally, an impregnable fortress for
data centres. These facilities are used by cybersecurity, banking
and e-gaming companies. With the technology provided by WISeKey
Gibraltar to the GLL4ir.com, WISeKey will be guiding Gibraltar’s
diversification to other kinds of companies benefiting from 4th
Industrial Revolution and the Metaverse.
The 4th Industrial Revolution changes the
dynamics of the technology and value creation chain, cross-border
collaboration and the way companies integrate their research and
technology to create value for their customers. New business and
cooperation models emerge through integrating business partners and
clients. The business model of the joint 4IR Center of Excellence
is to assist innovative start-ups in areas such as AI, blockchain,
IoT, satellite, IoT, drones, cybersecurity and quantum to perform
collective R&D activities, promote their technologies
internationally, facilitate the rapid adaptation and on-boarding of
4IR-based solutions, foster stronger collaboration between the
public, private and academic sectors and cooperate to ensure that
the latest technological standards are made available in a safe and
trusted manner.
Recent developments have forced governments
around the world to take steps to quickly understand how Metaverse,
this new frontier of innovation, with data being stored virtually
on the Metaverse anywhere in the world and government employees and
citizens using information technology systems that are hosted and
operated from anywhere (even outside of their jurisdiction), the
expected sovereign rights over that date on the Metaverse needs to
be reconsidered. Many information technology companies are telling
governments that that their versions of the Metaverse will be
enough to ensure sovereignty over their data and citizens. Others
are stating that new legislation is needed to protect citizens. All
in all, the solutions they propose are partial and
unsatisfactory.
WISeKey, has been at the forefront of balancing
technology, law, policy, and geopolitics from its headquarters in
Switzerland for over 23 years. Over the years, WISeKey has
developed solutions to the problems of State sovereignty and the
challenges brought on by technology, including now the metaverse,
that can be defined as a virtual world where citizens can exist
simultaneously and interact in infinite ways with their government
services and among themselves. Citizens can use their digital
identities to conduct Metaverse-government transactions like,
voting, pay their taxes, get married, while they also run private
activities such as work, meet, collaborate, shop, stroll, watch
movies and concerts, and do almost anything else they could do in
the real world.
The metaverse is a great way for governments to
interact with their citizens and the next step in the evolution of
the internet from a two-dimensional interactive to a
three-dimensional immersive experience. Governments should take the
future opportunity represented by the metaverse seriously. The
metaverse will present entirely new ways, for example, to create
employment, impart education, deliver healthcare, and plan urban
spaces. It will be the next major labor organizing platform. New
organizations, products, and services will handle everything from
payment processing to identity verification, hiring, ad delivery,
content generation, and security. The Metaverse is based on Web
3.0, also known as the decentralized web, is an evolution of the
Internet that allows users to interact with each other in a more
secure and private way. It does this by using blockchain technology
to create a peer-to-peer network where users can transact without
relying on intermediaries. This makes it ideal for developing
virtual worlds, as it provides a platform for users to interact
without fear of censorship or data theft.
About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN)
is a leading global cybersecurity company currently deploying large
scale digital identity ecosystems for people and objects using
Blockchain, AI and IoT respecting the Human as the Fulcrum of the
Internet. WISeKey microprocessors secure the pervasive computing
shaping today’s Internet of Everything. WISeKey IoT has an install
base of over 1.6 billion microchips in virtually all IoT sectors
(connected cars, smart cities, drones, agricultural sensors,
anti-counterfeiting, smart lighting, servers, computers, mobile
phones, crypto tokens etc.). WISeKey is uniquely positioned
to be at the edge of IoT as our semiconductors produce a huge
amount of Big Data that, when analyzed with Artificial Intelligence
(AI), can help industrial applications to predict the failure of
their equipment before it happens.Our technology is Trusted by the
OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”)
provides secure authentication and identification, in both physical
and virtual environments, for the Internet of Things, Blockchain
and Artificial Intelligence. The WISeKey RoT serves as a common
trust anchor to ensure the integrity of online transactions among
objects and between objects and people. For more information,
visit www.wisekey.com.
Press and investor contacts:WISeKey
International Holding LtdCompany Contact: Carlos
MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com WISeKey
Investor Relations (US)Contact: Lena CatiThe Equity
Group Inc.Tel: +1 212 836-9611lcati@equityny.com
Disclaimer:This communication expressly or
implicitly contains certain forward-looking statements concerning
WISeKey International Holding Ltd and its business. Such statements
involve certain known and unknown risks, uncertainties, and other
factors, which could cause the actual results, financial condition,
performance, or achievements of WISeKey International Holding Ltd
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. WISeKey International Holding Ltd is providing this
communication as of this date and does not undertake to update any
forward-looking statements contained herein as a result of new
information, future events or otherwise.This press release does not
constitute an offer to sell, or a solicitation of an offer to buy,
any securities, and it does not constitute an offering prospectus
within the meaning of article 652a or article 1156 of the Swiss
Code of Obligations or a listing prospectus within the meaning of
the listing rules of the SIX Swiss Exchange. Investors must rely on
their own evaluation of WISeKey and its securities, including the
merits and risks involved. Nothing contained herein is, or shall be
relied on as, a promise or representation as to the future
performance of WISeKey.
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