SEALSQ Corp selected by Hager for smart home security

GENEVA – SEALSQ Corp (NASDAQ: LAES), a semiconductor and cybersecurity technology provider with a market capitalization of $451 million, has announced a partnership with Hager, a leader in electrical solutions and smart home systems. The company, which has shown remarkable momentum with a 791% return over the past six months according to InvestingPro data, will provide its PKI-as-a-Service platform, INeS, to secure Hager’s new range of Matter-compliant smart home devices.

The collaboration focuses on providing Device Attestation Certificates through SEALSQ’s INeS platform, which is designed to enhance connectivity and simplify certificate management for IoT devices. Frank Buonnano, VP of Global Sales at SEALSQ, emphasized the platform’s ability to generate quantum-resistant certificates, which are intended to offer long-term protection against potential threats posed by advancements in quantum computing. With a strong liquidity position reflected in its current ratio of 6.0 and more cash than debt on its balance sheet, SEALSQ appears well-positioned to support its technological initiatives. For deeper insights into SEALSQ’s financial health and growth potential, investors can access comprehensive analysis through InvestingPro, which offers detailed research reports and real-time metrics.

Matter, a standard developed by the Connectivity Standards Alliance, aims to improve interoperability and security among smart home devices. The partnership is expected to benefit Hager by reducing time-to-market and compliance costs, as well as offering flexible deployment options. Hager’s customers will gain from the enhanced cybersecurity and product reliability provided by SEALSQ’s advanced attestation.

Hager’s Matter-compliant devices, which include lighting controls, energy management systems, and building automation solutions, are designed to integrate seamlessly with ecosystems like Amazon Alexa and Google Home. This integration is anticipated to offer smarter, more secure homes for both residential and commercial users.

SEALSQ is recognized for its innovation in Post-Quantum Technology hardware and software solutions, focusing on addressing security challenges that may arise with the advent of quantum computing. The company’s Post-Quantum Semiconductors are engineered to protect sensitive data across various industries, including healthcare, defense, and industrial automation.

The announcement contains forward-looking statements regarding SEALSQ’s business strategy and expected developments. While the company believes the partnership with Hager will be beneficial, it acknowledges that these statements are subject to risks and uncertainties. SEALSQ does not commit to updating any forward-looking statements as new information becomes available.

This news is based on a press release statement from SEALSQ Corp, providing insights into the company’s latest business collaboration with Hager. While the company generated revenue of $10.98 million in the last twelve months, InvestingPro analysis indicates that SEALSQ is currently trading above its Fair Value, with analysts not anticipating profitability this year. InvestingPro subscribers have access to 11 additional exclusive ProTips and comprehensive financial metrics for SEALSQ, helping investors make more informed decisions.

In other recent news, SEALSQ Corp has announced several key developments. The company has signed a Share Purchase Agreement to acquire IC ALPS SAS, a French company specializing in ASIC design and supply. This acquisition is expected to close in the third quarter of 2025, pending approval from the French Ministry of the Economy. SEALSQ has also invested in Wecan Token to enhance its digital identity verification services, integrating blockchain technology into its operations. Additionally, the company has launched the MS6003 secure element chip to improve passwordless authentication measures, providing a FIDO2-certified solution for secure identity verification. SEALSQ has introduced the QS7001 secure element, a quantum-resistant cryptographic solution designed to protect Bitcoin wallets from potential quantum computing threats. Furthermore, SEALSQ’s shareholders have approved the re-election of seven board members and welcomed a new non-executive director, Hossein Rahnama, during the company’s 2025 Annual General Meeting. These developments highlight SEALSQ’s strategic efforts to strengthen its market position and address emerging security challenges.

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