SEALSQ Corp Announces Integration of Advanced Post-Quantum Cryptography Technology to Enhance Digital Identity Security Through Collaboration with WISeID.COM

SEALSQ Corp announces integration of Post-Quantum Cryptography to enhance digital identity security in collaboration with WISeID.COM.

Quiver AI Summary

SEALSQ Corp announced the integration of its advanced Post-Quantum Cryptography (PQC) technology to enhance the security of electronic identities and documents through a collaboration with WISeID.COM, part of its parent company, WISeKey International Holding Ltd. This initiative aims to protect against the quantum computing threats that could compromise existing cryptographic systems like RSA and ECC, which secure digital identities and communications. SEALSQ's PQC solutions are designed for compact devices and ensure long-term security for documents such as eID cards. The company is also advocating for crypto-agility, allowing systems to adapt to new cryptographic algorithms, and is developing solutions for managing TLS certificates in a post-quantum environment. Additionally, WISeID.COM offers services to prevent identity theft, with features like free identity validation and document signing, enhancing digital identity protection for individuals and businesses. Together, this partnership positions SEALSQ and WISeID.COM to address the challenges posed by quantum technology and shape a secure digital future.

Potential Positives

• SEALSQ announced a strategic integration of its advanced Post-Quantum Cryptography (PQC) technology to enhance the security of electronic identities and documents, positioning itself as a leader in evolving digital security solutions.
• The partnership with WISeID.COM emphasizes the development of digital identity protection services, signaling a comprehensive approach to identity theft prevention, which enhances the company's service offerings.
• SEALSQ's focus on crypto-agility showcases its commitment to future-proofing digital infrastructure, ensuring adaptability in the face of advancing quantum technologies.
• The launch of innovative digital certificates and document signing services by WISeID.COM demonstrates SEALSQ's capability to provide practical solutions for secure communications, increasing user trust and confidence.

Potential Negatives

• The press release contains numerous forward-looking statements that carry significant uncertainties, indicating potential risks to the company's future performance and strategies.
• SEALSQ’s ability to launch post-quantum semiconductor technology and capture market share in a growing quantum computing market remains unproven, raising questions about their competitiveness.
• There is acknowledgment of the need for collaboration among various stakeholders, which may imply challenges in executing their strategies effectively and could slow down the implementation of their technologies.

FAQ

What is SEALSQ Corp's recent initiative about?

SEALSQ Corp has integrated advanced Post-Quantum Cryptography technology for securing electronic identities and documents in collaboration with WISeID.COM.

How does Post-Quantum Cryptography enhance security?

Post-Quantum Cryptography provides algorithms resistant to quantum attacks, ensuring the security of sensitive data and digital identities against future threats.

What services does WISeID.COM offer?

WISeID.COM offers identity validation, digital certificates, and a document signing service to help protect personal information and secure digital communications.

Why is crypto-agility important for organizations?

Crypto-agility allows systems to support multiple cryptographic algorithms, ensuring security as quantum computing develops and existing methods become vulnerable.

What industries can benefit from SEALSQ's solutions?

Industries such as healthcare, automotive, industrial automation, and IT infrastructure can benefit from SEALSQ's semiconductor and Post-Quantum technology solutions.

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 8 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
• CUBIST SYSTEMATIC STRATEGIES, LLC removed 20,457 shares (-100.0%) from their portfolio in Q2 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
• STRATEGIC INVESTMENT SOLUTIONS, INC. /IL removed 7,299 shares (-100.0%) from their portfolio in Q2 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

Geneva, Switzerland, Dec. 16, 2024 (GLOBE NEWSWIRE) --

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 the integration of its advanced Post-Quantum Cryptography (PQC) technology to secure electronic identities and documents via a strategic initiative, developed in collaboration with WISeID.COM developed by SEALSQ’s parent company, WISeKey International Holding Ltd (SIX: WIHN; Nasdaq: WKEY). This integration is set to redefine the landscape of identity protection, ensuring long-term security for documents such as electronic ID (eID) cards, which typically remain in use for over a decade.

In today’s rapidly evolving technological environment, the rise of quantum computing presents both opportunities and challenges. While quantum technology holds the potential for breakthroughs in fields like medicine, logistics, and artificial intelligence, it also threatens to undermine current cryptographic systems that secure digital identities and communications. Algorithms such as RSA (Rivest Shamir Adelman) and ECC (Elliptic Curve Cryptography)—which are widely used to protect sensitive data—are at risk of being rendered obsolete by the immense computational power of quantum computers. As a result, security protocols like ECDSA (Elliptic Curve Digital Signature Algorithm) and ECDH (Elliptic Curve Diffie-Hellman), which form the backbone of secure communications, could be compromised, exposing critical infrastructures, personal identities, and confidential information to unprecedented risks.

To address these challenges, SEALSQ has been at the forefront of developing Post-Quantum Cryptography. Unlike quantum computing itself, PQC operates on traditional computing systems, ensuring a smooth and accessible transition for organizations and individuals reliant on existing encryption methods. By employing new mathematical principles that are resistant to quantum attacks, SEALSQ’s PQC solutions are uniquely designed to work efficiently on compact devices, including security chips with limited storage capacity. This innovative approach ensures that electronic identities, documents, and communications remain secure, even as quantum technologies advance.

Implementing PQC, however, requires more than just new algorithms. The entire digital infrastructure—including communication protocols, identity documents, and background systems—must be adapted to support post-quantum security. This transition demands collaboration among technology providers, policymakers, and industry stakeholders to ensure a seamless migration. SEALSQ is addressing this need by advocating for crypto-agility, which allows devices and systems to support multiple cryptographic algorithms. This adaptability is crucial for maintaining security as quantum computing becomes more prevalent.

One area where crypto-agility is particularly important is in the management of TLS certificates, which are essential for secure internet communications. SEALSQ is developing solutions to adapt certificate issuance and lifecycle management processes to accommodate post-quantum algorithms. These efforts include enabling Certificate Authorities (CAs) to issue and validate PQC-compliant certificates, updating certificate management tools for compatibility with new standards, and implementing advanced monitoring systems to track and secure certificates in real-time.

In tandem with these advancements, SEALSQ’s partnership with WISeID.COM enhances digital identity protection services for individuals and organizations. WISeID.COM offers a suite of tools designed to prevent identity theft and protect personal information in today’s hyper-connected digital world. One of the standout features of WISeID.COM is its free identity validation service, which allows users to verify their real identity by using a webcam to capture national IDs, driver’s licenses, or passports. This verification process leverages advanced face recognition technology to ensure authenticity.

In addition, WISeID.COM provides a range of digital certificates tailored to different user needs. Free basic certificates are available to all users, valid for three months and designed to protect email communications. For those requiring longer-term security, WISeID offers basic certificates with a two-year validity period. Advanced certificates add an extra layer of assurance by including the user’s name and country, while advanced PRO certificates are suitable for professional use and include company information. These certificates help users secure their communications and documents, providing confidence and authenticity in digital interactions.

Furthermore, WISeID.COM offers a new document signing service that simplifies the process of signing PDF documents. Users can sign documents directly from their computers or mobile devices without having to install certificates manually. The platform automatically generates secure, single-use certificates, making it easy for users to sign documents while maintaining high levels of security. This service is free, provided the user has a valid WISeID account and has completed identity verification.

For businesses, WISeID.COM offers corporate accounts that streamline identity verification and certificate management for employees and customers. Companies can administer user accounts, manage certificates centrally, and access shared signature packages for document signing. This enterprise-level service reduces administrative complexity and enhances security across the organization.

With SEALSQ’s groundbreaking post-quantum Cryptography technology and WISeID.COM’s enhanced digital identity services, organizations and individuals can confidently navigate the challenges of the quantum era. This partnership is not just about innovation; it is about shaping a secure digital future where privacy, identity, and data integrity are preserved against even the most advanced threats.

About SEALSQ



SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, Medical and Healthcare and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.

Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks. For more information, 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 enhance its production facilities in the U.S. and France; SEALSQ’s ability to make additional investments towards the development of a new generation of quantum-ready semiconductors; the success of SEALCOIN; 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.

Press and Investor Contacts

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