SEALSQ advances in drone and satellite cybersecurity

GENEVA - SEALSQ Corp (NASDAQ: LAES), a Swiss company specializing in cybersecurity technologies with a market capitalization of $265.46 million, has announced significant partnerships and advancements in securing unmanned aerial vehicles (UAVs) and satellite telecommunications. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 6.0, indicating robust short-term financial stability. The company’s collaborations with Parrot, Europe’s leading commercial UAV provider, and AgEagle Aerial Systems, a full-stack drone solutions company, have positioned SEALSQ as a key player in the global UAV market, expected to reach $38 billion by 2027.

SEALSQ’s secure elements, certified at NIST FIPS 140-2 Level 3, have been integrated into Parrot’s flagship drone models, enhancing their cryptographic operations and software integrity for secure drone-to-ground control system pairing. This technology is critical for infrastructure inspections, public safety, and defense operations. The company’s focus on high-margin security solutions is reflected in its healthy gross profit margin of 38.3%, though InvestingPro analysis indicates the stock is currently trading above its Fair Value.

Similarly, AgEagle’s eBee VISION UAS, which is designed for intelligence, surveillance, and reconnaissance missions, incorporates SEALSQ’s secure elements to protect sensitive data and comply with stringent cybersecurity standards. This partnership, initiated in November 2023, underscores SEALSQ’s commitment to safeguarding critical information in government and defense sectors.

SEALSQ is also making strides in satellite telecommunications with its WISeSat picosatellite constellation, which provides secure, cost-effective Internet of Things (IoT) connectivity, especially in remote areas. A notable development is the upcoming June 2025 launch of the next-generation WISeSat satellite, which will feature encrypted communications and SEALCOIN integration, in collaboration with SpaceX.

The company’s roadmap for 2025 includes the introduction of Quantum-Resistant Secure Chips, designed to protect drones against potential quantum computing threats. These advancements are part of SEALSQ’s SEAL Quantum roadmap, which also features the launch of a Quantum-as-a-Service platform to facilitate the adoption of quantum computing across various industries. While the company reported revenue of $10.98 million in the last twelve months, investors should note that analysts do not anticipate profitability this year, according to InvestingPro, which offers 8 additional key insights about SEALSQ’s financial health and market position in its comprehensive Pro Research Report.

SEALSQ’s CEO, Carlos Moreira, highlighted the company’s Swiss-based root of trust and industry certifications as key factors in becoming a preferred partner for defense and public safety applications globally. The company’s projected $93 million pipeline over the next three years reflects strong demand for its quantum-resistant semiconductors and IoT security solutions.

With strategic initiatives to establish chip design and customization centers in Spain and the United States, SEALSQ aims to enhance its global presence and supply chain resilience. These efforts are supported by government incentives like the U.S. CHIPS Act and the EU Chips Act.

SEALSQ’s advancements in securing air and space communications demonstrate its potential within Switzerland’s defense sector and its role in securing critical telecommunications infrastructure. This information is based on a press release statement.

In other recent news, SEALSQ Corp has announced a $20 million public offering, selling 10 million ordinary shares at $2.00 each. The proceeds will be used for strategic investments, including the acquisition of IC ALPS and deploying post-quantum semiconductor technology in the U.S. Additionally, SEALSQ has made a strategic investment in Wecan Group, obtaining a 30% equity stake to enhance digital identity and compliance technologies. This collaboration aims to reduce compliance costs and improve identity verification systems. Furthermore, SEALSQ has partnered with Thomson Quantum AI to integrate post-quantum cryptography into Thomson’s hardware products, beginning with 60,000 devices. This partnership seeks to prepare businesses for the quantum computing age. SEALSQ has also appointed Loïc Hamon as COO to expand its North American operations, focusing on scaling operations and promoting security technologies. Lastly, SEALSQ remains unaffected by new U.S. tariffs due to an exemption for semiconductors, allowing the company to continue its operations smoothly.

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