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GENEVA/PARIS - WISeKey International Holding Ltd (NASDAQ:WKEY, SIX:WIHN), a technology company with a market capitalization of $418 million and strong financial health indicators according to InvestingPro data, announced Wednesday that its subsidiary SEALCOIN AG is integrating its decentralized computing technology into 2,000 Thomson laptops, marking an early deployment of edge computing capabilities in consumer devices. The company, which has seen its stock surge over 600% in the past year, maintains a healthy balance sheet with more cash than debt.
The integration, developed in partnership with French computer manufacturer Thomson Metavisio, will allow laptop owners to register their devices on a blockchain network and potentially monetize idle CPU capacity while maintaining normal functionality.
"Each laptop now has the power of registering itself on-chain, tokenizing its identity, and joining a broader network that can securely share and monetize idle CPU capacity," said Carlos Moreira, CEO of WISeKey.
The SEALCOIN Agent software operates in the background and was engineered to work with Microsoft TPM security features. Users will have control over the technology through a desktop interface that allows them to activate or explore its capabilities.
The initial batch of equipped laptops will be distributed in France and other European markets, with Thomson Metavisio expressing interest in extending the technology across more devices over the next 18 months.
"We’re proud to be the first OEM enabling users to tap into the decentralized future, starting with real utility, today," said Stéphan Français, CEO of Thomson Metavisio.
The companies claim this approach could reduce reliance on centralized data centers by utilizing existing hardware resources, potentially offering a more environmentally sustainable model for computing infrastructure. With a current ratio of 6.0 and strong liquidity position, WISeKey appears well-positioned to support this initiative. InvestingPro analysis reveals additional insights about the company’s financial health and growth prospects, with over 30 key metrics and exclusive ProTips available to subscribers.
According to the press release statement, the technology secures each device’s identity using hardware-based cryptography, giving users control over their data and processing resources.
This deployment represents the first major consumer hardware integration for SEALCOIN’s decentralized physical internet (DePIN) technology, which aims to create networks of user-powered computing resources. With last twelve months revenue of $10.98 million, investors can access detailed analysis and valuation metrics through the comprehensive Pro Research Report available on InvestingPro, joining over 1,400 US equities covered by expert analysts.
In other recent news, SEALSQ Corp has made significant strides in its operations. The company announced a $60 million investment through a securities purchase agreement with institutional investors, which includes 15 million ordinary shares priced at a premium to the market price. SEALSQ has also unveiled a $30 million investment capacity for its SEALQuantum.com Lab, focusing on research in quantum computing, cybersecurity, and artificial intelligence. Additionally, the company has completed the cryptographic toolbox validation for its QS7001 post-quantum hardware platform, marking a milestone in developing quantum-resistant security solutions.
In strategic moves, SEALSQ invested in WISeSat.Space to expand its Low Earth Orbit satellite constellation, aiming to accelerate the commercialization of post-quantum-ready space technology. The company also acquired semiconductor design service specialist IC Alps to enhance its capabilities in semiconductor manufacturing and post-quantum security. These developments reflect SEALSQ’s commitment to advancing its technology and expanding its market presence. The recent share offering, led by Heights Capital Management, Inc., includes warrants to purchase additional shares, indicating strong investor interest in SEALSQ’s growth potential.
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