SEALSQ and WISeSat Collaborate to Launch Next-Generation Secure Satellite Constellation with SataaS Model

SEALSQ and WISeSat collaborate on a secure satellite constellation using a Satellite-as-a-Service model, enhancing IoT communication.

Quiver AI Summary

SEALSQ Corp and WISeSat AG announced a partnership to launch a next-generation satellite within two weeks, which will be equipped with SEALSQ's advanced semiconductors and post-quantum cryptography. This initiative aims to establish a secure satellite constellation that enables machine-to-machine (M2M) transactions and introduces a Satellite-as-a-Service (SataaS) model to provide industries with secure IoT data transmission and automation without the need for complex infrastructure. The constellation will leverage state-of-the-art technology to deliver solutions across various sectors, including logistics and critical infrastructure. Companies can join the constellation through a Partnership Constellation Agreement, contributing to the growth of a scalable and secure satellite network designed to meet the increasing demand for resilient communication and data analytics solutions.

Potential Positives

• The partnership with WISeSat represents a significant step towards building a next-generation satellite constellation, enhancing the company's presence in the rapidly evolving space-based IoT market.
• The introduction of a Satellite-as-a-Service (SataaS) model opens new revenue streams by allowing industries to access advanced satellite services without heavy investment in infrastructure.
• The use of SEALSQ's semiconductors in the satellites ensures robust security through post-quantum cryptography, positioning the company as a leader in developing solutions that address future quantum computing threats.
• This initiative is a bold leap forward in secure communication and data analytics, responding to increasing industry demand for resilient and scalable satellite solutions.

Potential Negatives

• Forward-looking statements highlight significant risks and uncertainties regarding SEALSQ's ability to successfully implement growth strategies and launch new technology, indicating potential challenges ahead.
• The requirement of a minimum investment of $500,000 to join the partnership could limit participation from smaller companies, potentially restricting market reach and innovation.
• The reliance on a limited number of significant customers presents a risk, as the loss of any major client could negatively impact revenue and stability.

FAQ

What is the SEALSQ and WISeSat partnership about?

The partnership aims to build a next-generation secure satellite constellation with a Satellite-as-a-Service (SataaS) model for IoT communication.

When is the next-generation WISeSat satellite launching?

The launch is scheduled to take place in less than two weeks from December 30, 2024.

How does the SataaS model benefit users?

The SataaS model provides flexible access to satellite services without the need for users to manage complex infrastructures.

What industries can benefit from this satellite constellation?

Industries such as logistics, precision agriculture, and critical infrastructure can utilize the secure IoT data transmission and automation capabilities.

What makes SEALSQ's semiconductors unique?

SEALSQ's semiconductors are designed with post-quantum cryptography, ensuring robust protection against emerging security threats.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$LAES Hedge Fund Activity

We have seen 1 institutional investors add shares of $LAES stock to their portfolio, and 6 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• ANSON FUNDS MANAGEMENT LP removed 649,533 shares (-100.0%) from their portfolio in Q3 2024
• XTX TOPCO LTD removed 25,589 shares (-100.0%) from their portfolio in Q3 2024
• TWO SIGMA SECURITIES, LLC removed 16,849 shares (-100.0%) from their portfolio in Q3 2024
• JANE STREET GROUP, LLC added 15,663 shares (+inf%) to their portfolio in Q3 2024
• VIRTU FINANCIAL LLC removed 11,662 shares (-100.0%) from their portfolio in Q3 2024
• UBS GROUP AG removed 4,221 shares (-92.0%) from their portfolio in Q3 2024
• FEDERATION DES CAISSES DESJARDINS DU QUEBEC removed 1,500 shares (-15.8%) from their portfolio in Q3 2024

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Full Release

Geneva, Switzerland, Dec. 30, 2024 (GLOBE NEWSWIRE) --

SEALSQ and WISeSat Unite to Build Next-Generation Secure Satellite Constellation with Satellite-as-a-Service (SataaS) Model

Less Than Two Weeks to the Launch of the Next-Generation WISeSat Satellite Equipped with SEALSQ Semiconductors

Geneva, Switzerland — December 30, 2024 -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced that in cooperation with WISeSat AG (“WISeSat”), a pioneer in satellite-based IoT communication, are set to launch their next-generation satellite in less than two weeks. SEALSQ and WISeSat are both subsidiaries of WISeKey International Holding Ltd (“WISeKey” or the “Company”) (NASDAQ: WKEY; SIX: WIHN), a global leader in cybersecurity, AI, blockchain, and IoT technologies.

This milestone marks a key step in building a revolutionary satellite constellation capable of enabling secure machine-to-machine (M2M) transactions via space. If successful, the launch will initiate testing of advanced technologies that automate and secure communication between machines, powered by SEALSQ’s state-of-the-art semiconductors and post-quantum cryptography solutions.

The partnership introduces a Satellite-as-a-Service (SataaS) model, allowing users/industries to access cutting-edge satellite services without investing in or managing complex infrastructures. By offering secure IoT data transmission, real-time M2M automation, and geospatial analytics, this initiative delivers flexible, scalable solutions to a variety of end users in sectors such as logistics, precision agriculture, and critical infrastructure.

Each satellite is equipped with SEALSQ’s semiconductors and root of trust cryptography, ensuring protection against emerging threats. The constellation’s incremental deployment strategy ensures that each satellite incorporates the latest innovations, creating a continuously evolving and secure network for real-time data transmission and analytics.

By combining SEALSQ’s expertise in post-quantum security with WISeSat’s satellite communication capabilities, this collaboration establishes a unique and scalable infrastructure in space. Frequent satellite launches will expand the constellation’s capacity and coverage, transforming how industries integrate secure, space-based IoT solutions into their operations.

Companies interested in aggregating to the WISeSat satellite constellation can participate through the Partnership Constellation Agreement. This agreement requires an investment of at least $500,000, covering the cost of one satellite and launch. In return, participating companies gain the right to benefit from the entire constellation, leveraging its capabilities for secure IoT data transmission, real-time M2M automation, and advanced space-based solutions tailored to their operations. This partnership represents a bold leap forward in secure communication, automation, and data analytics, driving innovation and meeting the growing demand for resilient and scalable satellite solutions.

About SEALSQ:



SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

For more information on our Post-Quantum Semiconductors and security solutions, please visit

www.sealsq.com

.

Forward Looking Statements

This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ’s ability to implement its growth strategies; SEALSQ’s ability to successfully launch post-quantum semiconductor technology; SEALSQ’s ability to capture a share of the quantum semiconductor market; the growth of the quantum computing market; SEALSQ’s ability to expand its U.S. operations; SEALSQ’s ability to make additional investments towards the development of a new generation of quantum-ready semiconductors; SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; the growth of the quantum computing market; and the risks discussed in SEALSQ’s filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp 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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.