PRESS RELEASE
Riyadh, Saudi Arabia, Jan. 13, 2025 (GLOBE NEWSWIRE) — SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Firm”), an organization specializing in Semiconductors, PKI, and Put up-Quantum expertise {hardware} and software program merchandise, immediately introduced that in partnership with its dad or mum firm, WISeKey Worldwide Holding (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), is scaling its presence in Saudi Arabia to assist the Kingdom’s digital transformation and cybersecurity developments. By their three way partnership, WISeKey Arabia, in collaboration with the Juffali Group, SEALSQ and WISeKey intention to progressively introduce groundbreaking expertise improvements tailor-made to Saudi Arabia’s distinctive wants.
In 2019, WISeKey Arabia, in partnership with the Juffali Group, a number one Saudi enterprise conglomerate, is dedicated to fostering a safe digital ecosystem in alignment with Imaginative and prescient 2030. The collaboration focuses on offering state-of-the-art options, together with Public Key Infrastructure (PKI), digital id administration, and IoT safety, enhanced with SEALSQ’s quantum-resistant cryptographic applied sciences. This initiative ensures a sturdy basis for Saudi companies and authorities entities to thrive in an more and more digital world.
Gradual Deployment of Chopping-Edge Applied sciences
SEALSQ and WISeKey plan to progressively introduce progressive options to Saudi Arabia’s expertise panorama, together with developments in satellite tv for pc communication and IoT safety via the WISeSat.House ecosystem. WISeSat.House, WISeKey’s pioneering low-power, safe satellite tv for pc answer, permits real-time knowledge processing for IoT units in distant places.
The system is designed to offer:
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Finish-to-Finish Safety: Using quantum-resistant encryption to guard crucial IoT knowledge.
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Price-Effectivity: Lowering the obstacles to satellite tv for pc communication for companies and authorities initiatives.
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Scalability: Supporting various functions, together with environmental monitoring, sensible cities, and provide chain optimization.
WISeSat.House’s integration into the Saudi market represents a strategic step in equipping native industries with the instruments wanted to excel within the Fourth Industrial Revolution.
Partnership with Hedera and The Hashgraph Affiliation
Along with WISeSat.House’s deployment, SEALSQ and WISeKey are collaborating with Hedera, leveraging its enterprise-grade distributed ledger for blockchain-based functions. These efforts align with The Hashgraph Affiliation’s five-year partnership with the Saudi Ministry of Funding Affiliation, which incorporates the launch of the $250M DeepTech Enterprise Studio. The DeepTech Enterprise Studio is designed to assist startups working inside Saudi Arabia in areas resembling blockchain, AI, IoT, robotics, and quantum computing.
Funded with $50M from The Hashgraph Affiliation and $200M from the Saudi Ministry of Funding Affiliation, the DeepTech Enterprise Studio offers vital alternatives for Saudi-based firms leveraging Hedera’s hashgraph community. WISeKey Arabia will function a trusted expertise accomplice, empowering startups with safe and scalable options.
Aligning with Imaginative and prescient 2030
WISeKey and SEALSQ’s plans align with Saudi Arabia’s Imaginative and prescient 2030, which emphasizes innovation, digital transformation, and financial diversification. The partnership helps key nationwide initiatives, together with the Centre for the Fourth Industrial Revolution (C4IR) Saudi Arabia and the Quantum Financial system challenge, making certain that the Kingdom stays a world chief in superior applied sciences.
“Our dedication to Saudi Arabia extends past cybersecurity,” stated Carlos Moreira, CEO of SEALSQ. “By introducing groundbreaking applied sciences like WISeSat and collaborating with key companions such because the Juffali Group, Hedera, and The Hashgraph Affiliation, we intention to empower the Kingdom’s companies and authorities with the instruments they want to reach a quickly evolving digital panorama.”
About SEALSQ:
SEALSQ focuses on promoting built-in options based mostly on Semiconductors, PKI and Provisioning companies, whereas creating Put up-Quantum expertise {hardware} and software program merchandise. Our options can be utilized in quite a lot of functions, from Multi-Issue Authentication tokens, Sensible Vitality, Sensible Residence Home equipment, Medical and Healthcare and IT Community Infrastructure, to Automotive, Industrial Automation and Management Techniques.
Put up-Quantum Cryptography (PQC) refers to cryptographic strategies which might be safe towards an assault by a quantum pc. As quantum computer systems turn into extra highly effective, they are able to break lots of the cryptographic strategies which might be at the moment used to guard delicate info, resembling RSA and Elliptic Curve Cryptography (ECC). PQC goals to develop new cryptographic strategies which might be safe towards quantum assaults. For extra info, please go to www.sealsq.com.
Ahead-Wanting Statements
This communication expressly or implicitly comprises sure forward-looking statements regarding SEALSQ Corp and its companies. Ahead-looking statements embrace statements relating to our enterprise technique, monetary efficiency, outcomes of operations, market knowledge, occasions or developments that we anticipate or anticipates will happen sooner or later, in addition to some other statements which aren’t historic details. Though we consider that the expectations mirrored in such forward-looking statements are cheap, no assurance will be provided that such expectations will show to have been appropriate. These statements contain identified and unknown dangers and are based mostly upon plenty of assumptions and estimates that are inherently topic to vital uncertainties and contingencies, a lot of that are past our management. Precise outcomes might differ materially from these expressed or implied by such forward-looking statements. Essential components that, in our view, might trigger precise outcomes to vary materially from these mentioned within the forward-looking statements embrace the anticipated success of our expertise technique and options for IoMT Safety for Medical and Healthcare sectors, SEALSQ’s means to implement its progress methods, SEALSQ’s means to proceed helpful transactions with materials events, together with a restricted variety of vital prospects; market demand and semiconductor business circumstances; and the dangers mentioned in SEALSQ’s filings with the SEC. Dangers and uncertainties are additional described in experiences filed by SEALSQ with the SEC.
SEALSQ Corp is offering this communication as of this date and doesn’t undertake to replace any forward-looking statements contained herein on account of new info, future occasions or in any other case.
