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This announcement is based on a press release statement from SEALSQ Corp. The company has cautioned that certain statements regarding their business strategy and market expectations are forward-looking and subject to risks and uncertainties. The actual results may differ from those projected in the forward-looking statements. SEALSQ has not committed to updating any forward-looking statements as new information or future events emerge. With the company’s next earnings report due on March 20, 2025, investors can access comprehensive financial analysis and real-time updates through InvestingPro, which offers detailed insights into the company’s valuation metrics and growth prospects. With the company’s next earnings report due on March 20, 2025, investors can access comprehensive financial analysis and real-time updates through InvestingPro, which offers detailed insights into the company’s valuation metrics and growth prospects.
Quantum (NASDAQ:QMCO) RootCA leverages Post-Quantum Cryptography (PQC) algorithms, which are designed to be secure against the capabilities of quantum computers, unlike traditional encryption methods such as RSA and ECC. The cryptographic operations are embedded within secure hardware environments, including Hardware Security Modules (HSMs) and Trusted Platform Modules (TPMs), to protect against physical and side-channel attacks.
The solution is built on the OISTE/WISeKey Trust Model and a PQC-PKI platform, which provides a secure anchor for post-quantum digital certificates. SEALSQ, a subsidiary of WISeKey International Holding Ltd (SIX:WIHN, NASDAQ:WKEY), aims to offer robust protection for key generation, authentication, and encryption processes.
Additionally, SEALSQ and WISeKey are launching a Quantum Lab, where they will make the PQC-PKI platform accessible for companies and researchers to issue quantum-resistant digital certificates for testing and pilot projects. While the company maintains a strong current ratio of 3.58 and operates with moderate debt levels, InvestingPro analysis indicates analysts expect sales to decline in the current year.
Carlos Moreira, Founder and CEO of SEALSQ, stated that the collaboration with OISTE.ORG Foundation is a step towards addressing the cybersecurity challenges of the post-quantum era and ensuring long-term protection of digital identities and communications.
The Quantum RootCA is intended for various applications, including IoT security, government and defense, financial services, healthcare, and telecommunications, providing quantum-safe encryption for a wide range of industries.
This announcement is based on a press release statement from SEALSQ Corp. The company has cautioned that certain statements regarding their business strategy and market expectations are forward-looking and subject to risks and uncertainties. The actual results may differ from those projected in the forward-looking statements. SEALSQ has not committed to updating any forward-looking statements as new information or future events emerge.
In other recent news, SEALSQ Corp has been making significant strides in the technology sector. The company has unveiled a new line of post-quantum semiconductors aimed at decentralizing artificial intelligence (AI) development, putting an emphasis on secure, efficient, and scalable hardware. SEALSQ Corp has also secured the Common Criteria EAL5+ Certification for its MS600X Secure Hardware Platform and is progressing towards FIPS 140-3 Certification for its VaultIC 408 secure microcontroller.
The company is set to raise $25 million through a securities purchase agreement to fund the development and deployment of its next-generation post-quantum semiconductor technology. Maxim Group LLC is serving as the sole placement agent for this transaction. SEALSQ Corp is also planning to launch its Post-Quantum Hardware Platform in 2025, which will carry the same certification.
In terms of financial performance, SEALSQ Corp reported revenues of $4.8 million in the first half of 2024, showing a decrease from the previous year. However, Maxim Group revised the company’s revenue estimates for 2024 and 2025 to $12.5 million and $24.2 million, respectively. The firm also adjusted the company’s price target from $2.25 to $1.75, while maintaining a Buy rating on the stock. These are recent developments in SEALSQ Corp’s business strategy and financial performance.
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