GENEVA - SEALSQ Corp (NASDAQ: LAES), a $281 million market cap developer of semiconductor, PKI, and post-quantum technology products, in collaboration with WISeKey International Holding Ltd (SIX: WIHN, NASDAQ: WKEY) and WISeSat.Space AG, announced the upcoming launch of WISeSat 2.1, a satellite equipped with SEALSQ’s WISeKey Quantum RootKey technology. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 6.0, positioning it well for this ambitious project. Scheduled for June 2025, this initiative aims to enhance the security of satellite communications against quantum-enabled cyber threats.
The Quantum RootKey is a hardware-based root-of-trust technology that provides resistance to quantum decryption attacks. It secures key generation, storage, and management on the satellite, ensuring that cryptographic operations are isolated and protected from both classical and quantum threats. Utilizing post-quantum algorithms recommended by NIST, such as CRYSTALS-Kyber and CRYSTALS-Dilithium, the technology enables secure authentication, encryption, and data integrity.
WISeSat 2.1’s deployment is significant for several applications, including secure satellite command authentication, protection of sensitive data transmission, and the secure distribution of cryptographic keys to safeguard critical infrastructure. It also facilitates the trusted onboarding of IoT devices by providing quantum-resistant cryptographic identities from space.
The advancement comes as quantum computing capabilities pose new risks to satellites, such as key extraction and eavesdropping. SEALSQ’s solution aims to defend against these attacks by securely isolating keys and validating commands with post-quantum signatures.
The mission also explores the potential of microgravity conditions in space for quantum sensing improvements and the development of advanced materials. These innovations could enhance resilience against navigation signal spoofing or jamming and support future deep space exploration and resource mining. While SEALSQ’s stock has seen remarkable volatility, with a 618% surge over the past six months despite a YTD decline of 59%, the company generated revenues of $10.98 million in the last twelve months, with a solid gross profit margin of 38.3%.
The launch of WISeSat 2.1 is a step towards establishing a quantum-resistant satellite security infrastructure, positioning Europe and its allies for stronger sovereignty in space-based communications amidst rising cybersecurity concerns.
SEALSQ is recognized for its innovation in post-quantum technology hardware and software solutions. The company’s focus is on developing quantum-resistant cryptography and semiconductors to protect against the security challenges of quantum computing. For deeper insights into SEALSQ’s financial health and growth prospects, including exclusive analyst recommendations and detailed valuation metrics, visit InvestingPro, where you’ll find comprehensive research reports and real-time market analysis.
This article is based on a press release statement.
In other recent news, SEALSQ Corp has announced several significant developments. The company disclosed a $20 million public offering, selling 10 million ordinary shares at $2.00 each, with Maxim Group LLC as the sole placement agent. The proceeds are intended to fund a strategic investment in the Quantix EdgeS joint venture and support the acquisition of IC ALPS, alongside further deployment of post-quantum semiconductor technology in the United States. In another major move, SEALSQ upgraded its QVault Trusted Platform Module to meet the latest security standards, enhancing protection against quantum and classical computer attacks. The integration of advanced algorithms into its TPM signifies a critical advancement in data security.
SEALSQ also expanded its reach in digital identity by investing in Wecan Group, acquiring a 30% equity stake to enhance digital identity and compliance technologies. Additionally, the company partnered with Thomson Quantum AI to incorporate post-quantum cryptography into Thomson’s devices, aiming for comprehensive quantum-resistant security. SEALSQ’s collaborations with Parrot and AgEagle further demonstrate its commitment to cybersecurity, as its secure elements are integrated into UAVs and satellite telecommunications. These developments highlight SEALSQ’s strategic initiatives to strengthen its presence in the quantum-resistant technology market.
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