For more information, visit:
www.youtube.com/watch?v=T3ClseV4Igg
WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN,
NASDAQ: WKEY), a global leader in cybersecurity, digital identity,
and Internet of Things (IoT) innovations, today unveiled a
significant expansion of its WISeSat.Space strategy for 2024.
WISeSat.Space is a subsidiary of WISeKey, revolutionizing IoT
connectivity with the first cost-effective and secure solution,
leveraging picosatellites and low-power sensors to provide
unparalleled IoT connectivity across the globe.
The strategic expansion includes the scheduled launch of new
satellites in the fourth quarter of 2024, alongside the
introduction of groundbreaking technology aboard its latest
generation of Low Earth Orbit (LEO) satellites. This initiative is
designed to meet the extensive IoT deployment needs across various
sectors, including Smart Farming, Energy, and Logistics, ensuring
reliable and secure data transmission anywhere on Earth.To date,
seventeen satellites equipped with WISeSat technology have been
launched into orbit aboard SpaceX rockets, marking the initial
phase of a visionary plan to deploy an 80-satellite constellation.
This network aspires to provide comprehensive global IoT
connectivity with an impressive data latency goal of just 10
hours.
In anticipation of the emerging quantum computing era,
WISeSat.Space is proactively enhancing its security measures. The
company is pioneering the adoption of post-quantum cryptographic
solutions and devices provided by SEALSQ, WISeKey’s semiconductor
subsidiary, thereby establishing new benchmarks for secure
multi-factor authentication and the protection of critical data
exchanges in the quantum future.Geostationary (“GEO”) satellites
have long provided Internet access to remote regions, with a few
satellites covering the globe due to their large size and
stationary position relative to Earth. Despite their global reach
and simple ground antenna setup, GEO satellites suffer from high
latency, over 600 milliseconds, making them unsuitable for modern
applications like real-time video, gaming, and virtual reality due
to the long distance (36,000 km) signals must travel to and from
Earth.
In contrast, Low Earth Orbit (“LEO”) satellites offer
low-latency, high-speed Internet connections as they orbit much
closer to Earth (160 to 2000 km). However, their fast movement
means they can't stay over one spot, requiring a large
constellation of satellites and tracking antennas for continuous
coverage. After earlier failures in the 1990s, advancements in
technology and commercial launch systems have now made it feasible
and more cost-effective to deploy LEO satellite constellations,
with many companies and governments pursuing this approach for
global Internet access.
The use of WISeSat.Space operations employing Low Earth Orbit
(“WISESAT.SPACE LEO”) satellites presents a transformative
potential across a wide range of sectors beyond the initial
applications in smart farming, energy, logistics, and the
Industrial Internet of Things (“IIoT”). By leveraging the lower
latency and the potential for higher-speed Internet connections
provided by WISESAT.SPACE LEO satellites, as compared to
geostationary (GEO) satellites, numerous sectors stand to benefit
significantly.
Sectors to benefit from WISESAT.SPACE LEO expansion include:
1. Environmental Monitoring and Climate
ChangeWISESAT.SPACE LEO satellites can be instrumental in
monitoring climate change by providing data on atmospheric
conditions, sea level rise, ice sheet melting rates, and
deforestation. This real-time data is crucial for predicting
weather patterns, tracking natural disasters, and implementing
early warning systems for floods, hurricanes, and wildfires,
thereby aiding in disaster preparedness and response.
2. Maritime and Aeronautical
Applications For maritime and aeronautical sectors,
WISESAT.SPACE LEO satellites offer improved navigation,
communication, and tracking of vessels and aircraft over vast and
remote areas like oceans and polar regions. Enhanced AIS
(“Automatic Identification System”) tracking, coupled with
real-time weather and oceanographic data, can significantly improve
maritime safety and efficiency. Similarly, in aviation, better
communication and tracking can enhance route planning, safety, and
search and rescue operations.
3. Defense and National
Security The defense sector can leverage WISESAT.SPACE LEO
satellites for secure communication, reconnaissance, surveillance,
and remote sensing over global hotspots. Real-time satellite
imagery and data can support tactical operations, border security,
and monitoring of strategic assets.
4. Healthcare and Telemedicine
WISESAT.SPACE LEO satellites can bridge the digital divide by
providing high-speed internet access to remote and underserved
regions, facilitating telemedicine services. This can revolutionize
healthcare delivery, enabling remote diagnostics, patient
monitoring, and access to specialist consultations, thereby
improving health outcomes in rural and isolated communities.
5. Education Access to
reliable and fast internet is a cornerstone for modern education.
WISESAT.SPACE LEO satellites can provide connectivity to remote and
rural schools, supporting digital learning platforms, virtual
classrooms, and access to a vast array of online educational
resources, thus democratizing education.
6. Banking and Financial
Services The financial sector, including banking, trading,
and other services, can benefit from the low-latency network
provided by WISESAT.SPACE LEO satellites. This is crucial for
high-frequency trading where milliseconds matter, rural banking,
mobile payment systems, and financial inclusion initiatives in
remote areas.
7. Media and
Entertainment For media and
entertainment, WISESAT.SPACE LEO satellites enable live
broadcasting, streaming of high-definition content, and new forms
of interactive entertainment even in remote locations. This can
significantly enhance the viewer experience for global events,
remote sports broadcasting, and provide universal access to
entertainment and information.
8. Scientific
Research and
Space Exploration
WISESAT.SPACE LEO satellites support scientific research in areas
like astrophysics, earth sciences, and environmental monitoring.
They also play a crucial role in space exploration, acting as relay
stations for deep space missions, enhancing communication, and data
transfer between Earth and spacecraft or space stations.
9. Tourism
and Adventure With
the advent of space tourism, WISESAT.SPACE LEO satellites could
provide communication and safety support for commercial space
flights, space hotels, and other off-world adventures.
Additionally, they can enhance experiences for adventure tourism on
Earth by offering navigation, safety tracking, and communication in
remote regions.
10. Urban
and Smart
Cities In the context of urban
development, WISESAT.SPACE LEO satellites can support smart city
initiatives by providing real-time data for traffic management,
public safety, environmental monitoring, and infrastructure
management, ensuring efficient and sustainable urban living.
By harnessing the capabilities of WISESAT.SPACE LEO satellites
through WISeSat.Space operations, these sectors can achieve
unprecedented levels of efficiency, accessibility, and global
reach, paving the way for innovative solutions to some of the
world's most pressing challenges.
About WISeSat.Space
WISeSat.Space SA, a dynamic entity registered in Zug,
Switzerland, under the umbrella of WISeKey Holding, has embarked on
an ambitious project in collaboration with Fossa Systems by
launching a constellation of picosatellites. This venture, enhanced
through partnerships with WISeKey and SEALSQ, aims to address
pressing security concerns in satellite communication. By
integrating the advanced VaultIC408 secure element, the
collaboration significantly strengthens the security of each node
within the satellite network, offering businesses of all sizes a
highly secure and cost-efficient method to build their digital
infrastructures.
To date, seventeen satellites equipped with WISeSat technology
have been launched into orbit aboard SpaceX rockets, marking the
initial phase of a visionary plan to deploy an 80-satellite
constellation. This network aspires to provide comprehensive global
IoT connectivity with an impressive data latency goal of just 10
hours.
In anticipation of the emerging quantum computing era,
WISeSat.Space is proactively enhancing its security measures. The
company is pioneering the adoption of post-quantum cryptographic
solutions and devices, thereby establishing new benchmarks for
secure multi-factor authentication and the protection of critical
data exchanges in the quantum future.
About WISeKeyWISeKey International Holding Ltd
(“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in
cybersecurity, digital identity, and IoT solutions platform. It
operates as a Swiss-based holding company through several
operational subsidiaries, each dedicated to specific aspects of its
technology portfolio. The subsidiaries include (i) SEALSQ Corp
(Nasdaq: LAES), which focuses on semiconductors, PKI, and
post-quantum technology products, (ii) WISeKey SA which specializes
in RoT and PKI solutions for secure authentication and
identification in IoT, Blockchain, and AI, (iii) WISeSat AG which
focuses on space technology for secure satellite communication,
specifically for IoT applications, and (iv) WISe.ART Corp which
focuses on trusted blockchain NFTs and operates the WISe.ART
marketplace for secure NFT transactions.Each subsidiary contributes
to WISeKey’s mission of securing the internet while focusing on
their respective areas of research and expertise. Their
technologies seamlessly integrate into the comprehensive WISeKey
platform. WISeKey secures digital identity ecosystems for
individuals and objects using Blockchain, AI, and IoT technologies.
With over 1.6 billion microchips deployed across various IoT
sectors, WISeKey plays a vital role in securing the Internet of
Everything. The company’s semiconductors generate valuable Big Data
that, when analyzed with AI, enable predictive equipment failure
prevention. Trusted by the OISTE/WISeKey cryptographic Root of
Trust, WISeKey provides secure authentication and identification
for IoT, Blockchain, and AI applications. The WISeKey Root of Trust
ensures the integrity of online transactions between objects and
people. For more information on WISeKey’s strategic direction and
its subsidiary companies, please visit
www.wisekey.com.Press and investor
contacts:WISeKey International Holding LtdCarlos
MoreiraChairman & CEOTel: +41 22 594 3000 /
info@wisekey.comWISeKey Investor Relations (US)The Equity Group
Inc.Lena CatiTel: +1 212 836-9611 / lcati@equityny.comKatie
MurphyTel: +1 212 836-9612 /
kmurphy@equityny.comDisclaimer: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 the Swiss Financial
Services Act (“FinSA”), the FInSa’s predecessor legislation or
advertising within the meaning of the FinSA. 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.
WISeKey (NASDAQ:WKEY)
Historical Stock Chart
From Mar 2024 to Apr 2024
WISeKey (NASDAQ:WKEY)
Historical Stock Chart
From Apr 2023 to Apr 2024
