SEALSQ to provide 30 million digital certificates for smart meters

GENEVA - SEALSQ Corp (NASDAQ: LAES), whose stock has surged over 240% in the past six months according to InvestingPro data, announced Wednesday it will provide 30 million digital certificates for smart meters being deployed in the Asia Pacific region through a partnership with Landis+Gyr (SIX: LAND).

The deployment, set to begin this summer, will utilize SEALSQ’s Public Key Infrastructure tool, INeS, to secure a network of smart meters. The digital certificates will authenticate devices, secure communications, and protect against cyber threats.

Landis+Gyr, a provider of smart grid and energy management technology, offers security solutions including on-premises and hosted options for data encryption, network certificates, and threat monitoring.

This agreement expands on previous collaborations between the companies, which include security solutions for over one million gas meters annually in the UK.

SEALSQ specializes in developing semiconductors, PKI, and post-quantum technology hardware and software products. The company’s INeS PKI solution provides FIPS-certified digital certificates designed for large Internet of Things deployments.

Landis+Gyr reported sales of $1.7 billion in fiscal year 2024 and employs approximately 6,300 people across five continents.

The information in this article is based on a company press release statement.

In other recent news, SEALSQ Corp has announced several strategic developments. SEALSQ, in collaboration with WISeKey International Holding Ltd, unveiled a new security solution for autonomous robots by integrating post-quantum semiconductor technology with WISeKey’s Root of Trust infrastructure. This development aims to secure robot identities and communications against future quantum computing threats. Additionally, SEALSQ has committed $10 million to enhance the WISeSat satellite constellation, which incorporates their Quantum RootKey technology for quantum-resistant communications. The launch of WISeSat 3.0, scheduled for June 2025, will mark the first use of this technology in space.

SEALSQ has also 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, and aims to enhance SEALSQ’s ASIC development capabilities. Furthermore, SEALSQ has partnered with Hager to secure smart home devices using their PKI-as-a-Service platform, INeS, which provides quantum-resistant certificates. These recent developments reflect SEALSQ’s strategic focus on strengthening its position in post-quantum technology and cybersecurity solutions.

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