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GENEVA - SEALSQ Corp (NASDAQ: LAES), a developer of semiconductor and cybersecurity technology with a market capitalization of $351 million and annual revenue of $20 million, has announced the implementation of its Post-Quantum Cryptography (PQC) across its data centers in Switzerland and France. The company, in collaboration with its parent company WISeKey International Holding Ltd (SIX: WIHN, NASDAQ: WKEY), is focusing on enhancing the security of digital assets against quantum threats through its PQC solutions. According to InvestingPro data, SEALSQ’s stock has shown significant momentum, gaining over 12% in the past week.Want deeper insights? InvestingPro subscribers have access to 14 additional investment tips and comprehensive financial metrics for SEALSQ.
The PQC technology includes Quantum (NASDAQ:QMCO) Key Distribution (QKD), which is designed to provide a proactive defense against future cyber risks, ensuring the integrity of sensitive data. SEALSQ’s PQC Hardware Security Modules (HSMs) are hosted in sovereign data centers in Switzerland and France, managed by local teams to maintain control over data and comply with regulatory requirements. The company maintains a strong liquidity position with a current ratio of 3.58, indicating robust operational capacity.
These data centers are equipped to meet the demands of the NIS2 Directive, emphasizing the confidentiality, integrity, and availability of data through robust encryption practices. WISeKey, established in 1999, has been a pioneer in providing ultra-secure hosting in Swiss Alps bunkers, which are now advanced data centers with certifications including ISO 27001 and the EM-SHIELD seal, ensuring protection against electromagnetic pulses (EMP) and other sophisticated threats.Get exclusive access to detailed financial analysis and Fair Value estimates with InvestingPro, helping you make informed investment decisions in volatile market conditions.
SEALSQ’s technology portfolio includes semiconductors, Public Key Infrastructure (PKI), and Provisioning Services, with a focus on developing Quantum Resistant Cryptography and Semiconductors. As traditional cryptographic methods become vulnerable to quantum computing, SEALSQ aims to provide future-proof protection for applications ranging from Multi-Factor Authentication tokens to Industrial Automation and Control Systems.
This deployment is part of SEALSQ and WISeKey’s commitment to advancing cybersecurity innovations and offering quantum-resistant solutions to safeguard data for businesses, governments, and institutions globally.
The information in this article is based on a press release statement.
In other recent news, SEALSQ Corp has been active in advancing post-quantum security measures. The company announced the development of Quantum RootCA, a cryptographic solution aimed at securing digital identities against quantum computing threats, expected to launch in Q1 2025. SEALSQ is also enhancing unmanned aerial systems’ security with new microcontrollers, aligning with regulatory pushes for quantum-resistant encryption. Additionally, SEALSQ unveiled post-quantum semiconductors to support decentralized AI systems, marking a shift toward more sustainable and efficient AI development. The company is set to present its QS7001 secure hardware platform at the NY Quantum Day, designed to meet the challenges posed by quantum computing. SEALSQ’s collaboration with WISeSat.Space has enabled secure post-quantum transactions from space, further solidifying its leadership in quantum-resilient solutions. The company’s focus on quantum-resistant cryptography is evident in its integrated solutions for various sectors, including IoT and critical infrastructure. These developments come as the industry moves towards post-quantum standards, emphasizing SEALSQ’s role in the transition.
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