SEALSQ Corp appoints new COO to expand in North America

GENEVA - SEALSQ Corp (NASDAQ: LAES), a developer of semiconductors and cybersecurity technologies trading at $2.43 per share, announced the immediate appointment of Loïc Hamon as Chief Operating Officer (COO) to drive its expansion in the North American market. According to InvestingPro data, the company maintains a strong balance sheet with more cash than debt, positioning it well for strategic growth initiatives. Hamon, with a background in technology leadership and operational excellence, will focus on scaling operations, strategic partnerships, and promoting the adoption of SEALSQ's security technologies.

Prior to this role, Hamon served as Global Head of Silicon Engineering at Capgemini and held executive positions at Texas Instruments, Inside Secure, and Kalray. He also contributed as an independent Board member at Secure Silex Insight. His educational credentials include a Master’s Degree in Marketing Intelligence from HEC Paris, a Master’s in Electrical Engineering from ESIGELEC, and a Postgraduate Degree in Microelectronics from Paris XI University.

Carlos Moreira, CEO of SEALSQ, expressed confidence in Hamon's ability to foster business growth and address the increasing demand for post-quantum security solutions in North America. Hamon himself is eager to leverage the opportunities in the evolving digital security landscape, as SEALSQ positions itself at the forefront of semiconductor and quantum-resistant security innovations.

SEALSQ specializes in Post-Quantum Technology hardware and software solutions, integrating Semiconductors, Public Key Infrastructure (PKI), and Provisioning Services with a focus on Quantum Resistant Cryptography. The company aims to provide protection against quantum computing threats, offering products that secure various applications from IT infrastructure to industrial systems.

This appointment comes as part of SEALSQ's strategic efforts to strengthen its leadership position and expand its market presence, especially as organizations transition to secure technologies in anticipation of a post-quantum era. With a current market capitalization of $272.18M and a price-to-book ratio of 3.5x, InvestingPro analysis suggests the stock is trading above its Fair Value. Investors seeking deeper insights can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers, which provides detailed analysis of SEALSQ's financial health, market position, and growth prospects. The information reported is based on a press release statement from SEALSQ Corp.

In other recent news, SEALSQ Corp has announced that it remains unaffected by the new tariffs introduced by the U.S. administration, thanks to an exemption for semiconductors. The company plans to open a domestic Outsourced Semiconductor Personalization & Test center in the U.S., aligning with initiatives like the CHIPS Act. SEALSQ has also partnered with IC™ALPS to develop advanced Application-Specific Integrated Circuits (ASICs) for automotive safety, with discussions underway about a potential acquisition of IC™ALPS, pending regulatory approval. Additionally, SEALSQ is in the process of certifying its QS7001 Post-Quantum Secure Chip, which is expected to enhance blockchain security against quantum computing threats. The company is collaborating with platforms like Hedera and WeCan to integrate this chip into their infrastructures. Meanwhile, CLSQ, a leader in quantum cybersecurity, reported a significant revenue decline for 2024, with earnings falling to $11 million from $30 million in 2023. Despite the financial challenges, CLSQ maintains strong cash reserves and plans to launch its post-quantum chip commercially in late 2025, as highlighted in their recent earnings call.

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