SEALSQ expands security capabilities for internet of medical things

GENEVA - SEALSQ Corp (NASDAQ:LAES), a technology company with a market capitalization of $467 million, announced expanded security capabilities for the Internet of Medical Things (IoMT) on Thursday, focusing on protecting communications, authenticating devices, and ensuring compliance with digital health frameworks. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet, positioning it well for continued innovation in the security sector.

The company, which specializes in semiconductors and post-quantum technology, is addressing cybersecurity challenges in the growing network of interconnected medical devices that communicate over public networks, making them vulnerable to unauthorized access. With a current ratio of 6.0, SEALSQ demonstrates robust liquidity to support its technological initiatives.

SEALSQ’s security components are currently integrated into European healthcare systems through smart card reader chips in IDENTIV terminals. The company’s Public Key Infrastructure and Secure Elements enable authentication and encryption for remote patient monitoring systems.

The expanded capabilities now include edge-based cryptographic authentication, allowing AI-powered medical devices to process data locally before transmitting only necessary information to the cloud, which reduces latency and potential exposure to cyberattacks.

In preparation for quantum computing threats, SEALSQ is implementing NIST-recommended algorithms like CRYSTALS-Kyber and Dilithium to protect against both classical and quantum adversaries.

"Security is a critical component of IoMT, given the sensitive nature of healthcare data and the potential risks associated with breaches," said Bernard Vian, SEALSQ’s Managing Director, according to the press release.

The company’s secure hardware now includes embedded post-quantum key management features designed for long-lifecycle medical devices, as traditional algorithms such as RSA and ECC become increasingly vulnerable to quantum attacks.

This announcement comes as healthcare systems worldwide face rising costs and challenges from aging populations, with IoMT technologies emerging as potential solutions for improved healthcare delivery and monitoring. While SEALSQ’s stock has seen significant volatility with a 55% decline over the past six months, InvestingPro analysis reveals 8 additional key insights about the company’s financial health and market position. For comprehensive analysis of SEALSQ and 1,400+ other stocks, including detailed Fair Value assessments and expert insights, explore the full Pro Research Report available on InvestingPro.

In other recent news, SEALSQ Corp has announced several significant developments. The company revealed a six-month plan with ColibriTD and Xdigit to address semiconductor yield issues in sub-7nm nodes, aiming to improve wafer yields and reduce production costs. SEALSQ has also made a $10 million investment in WISeSat.Space AG to support the deployment of a secure, quantum-ready satellite constellation. Additionally, SEALSQ renewed its ISO 9001:2015 and ISO 14001:2015 certifications with zero non-conformities, underscoring its commitment to quality and environmental standards.

Furthermore, SEALSQ will provide 30 million digital certificates for smart meters in the Asia Pacific region through a partnership with Landis+Gyr, utilizing its Public Key Infrastructure tool, INeS, to enhance security. In collaboration with WISeKey International Holding Ltd, SEALSQ has launched a new security solution for autonomous robots, integrating post-quantum semiconductor technology with WISeKey’s Root of Trust infrastructure. These initiatives reflect SEALSQ’s ongoing efforts to innovate in semiconductor and post-quantum technology sectors.

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