PRESS RELEASE
Riyadh, Saudi Arabia, Jan. 13, 2025 (GLOBE NEWSWIRE) — SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Firm”), an organization specializing in Semiconductors, PKI, and Publish-Quantum expertise {hardware} and software program merchandise, in the present day introduced that in partnership with its mum or dad 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 way of their three way partnership, WISeKey Arabia, in collaboration with the Juffali Group, SEALSQ and WISeKey intention to steadily 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 steadily introduce modern options to Saudi Arabia’s expertise panorama, together with developments in satellite tv for pc communication and IoT safety by means of the WISeSat.House ecosystem. WISeSat.House, WISeKey’s pioneering low-power, safe satellite tv for pc resolution, permits real-time information processing for IoT units in distant places.
The system is designed to supply:
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Finish-to-Finish Safety: Using quantum-resistant encryption to guard vital IoT information.
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Value-Effectivity: Decreasing the limitations to satellite tv for pc communication for companies and authorities tasks.
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Scalability: Supporting numerous purposes, together with environmental monitoring, good 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 purposes. 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 supplies vital alternatives for Saudi-based firms leveraging Hedera’s hashgraph community. WISeKey Arabia will function a trusted expertise companion, 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 Economic 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 primarily based on Semiconductors, PKI and Provisioning providers, whereas growing Publish-Quantum expertise {hardware} and software program merchandise. Our options can be utilized in quite a lot of purposes, from Multi-Issue Authentication tokens, Good Vitality, Good Dwelling Home equipment, Medical and Healthcare and IT Community Infrastructure, to Automotive, Industrial Automation and Management Methods.
Publish-Quantum Cryptography (PQC) refers to cryptographic strategies which are safe in opposition to 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 are at the moment used to guard delicate data, resembling RSA and Elliptic Curve Cryptography (ECC). PQC goals to develop new cryptographic strategies which are safe in opposition to quantum assaults. For extra data, 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 concerning our enterprise technique, monetary efficiency, outcomes of operations, market information, occasions or developments that we anticipate or anticipates will happen sooner or later, in addition to every other statements which aren’t historic details. Though we consider that the expectations mirrored in such forward-looking statements are cheap, no assurance might be provided that such expectations will show to have been appropriate. These statements contain identified and unknown dangers and are primarily based upon quite a few 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 elements that, in our view, may 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 capability to implement its progress methods, SEALSQ’s capability to proceed useful transactions with materials events, together with a restricted variety of vital clients; market demand and semiconductor business circumstances; and the dangers mentioned in SEALSQ’s filings with the SEC. Dangers and uncertainties are additional described in studies 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 because of new data, future occasions or in any other case.
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