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GENEVA - WISeKey International Holding Ltd. (SIX:WIHN, NASDAQ: WKEY), a technology company with a market capitalization of $403.6 million that has seen its stock surge 344% over the past year, announced Monday the merger of its WISeID people identity platform with its SEALCOIN object identity platform into a unified decentralized identity framework. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 6.0, indicating robust short-term financial health.
The combined platform incorporates WISeKey’s newly developed Quantum Root Key, which uses post-quantum cryptographic algorithms designed to protect digital identities against future quantum computing threats. With annual revenues of $10.98 million and a gross profit margin of 38.3%, the company continues to invest in innovative security solutions.
The integrated system leverages blockchain technologies and the Hedera Consensus Service to issue and manage verifiable credentials for both people and devices, while keeping private user data off-chain for enhanced privacy protection.
New features include free identity validation via smartphone or computer camera, allowing users to confirm identity by scanning official IDs with facial recognition matching. The platform also offers digital certificates with varying levels of assurance and a new digital document signing solution for PDFs.
WISeKey reports that its Cryptographic Root of Trust, first launched in 1999 alongside WISeID, is now embedded in over 7 billion devices, websites, and iOS systems worldwide.
The company stated that the unified platform aims to address vulnerabilities in centralized systems that remain exposed to theft and attacks despite security measures. According to the press release, the new framework is designed to give users control over their digital identities while providing secure authentication methods.
WISeKey also announced that enterprises can deploy WISeID corporate accounts, giving administrators centralized control over employee and customer identities and streamlining digital signature management. For investors seeking deeper insights into WISeKey’s financial performance and growth potential, InvestingPro offers comprehensive analysis with additional ProTips and detailed metrics in its Pro Research Report, part of its coverage of over 1,400 US equities.
In other recent news, SEALSQ Corp has completed the cryptographic toolbox validation for its QS7001 post-quantum hardware platform. This milestone is significant for SEALSQ as it confirms the performance of post-quantum cryptographic algorithms, which will now undergo formal certification. SEALSQ also announced a strategic investment in WISeSat.Space to expand its satellite constellation, aiming to accelerate the commercialization of its space technology. Additionally, the company revealed a $30 million investment capacity for its SEALQuantum.com Lab to advance research in quantum computing, cybersecurity, and artificial intelligence. SEALSQ’s investment efforts include acquiring semiconductor design service specialist IC Alps and investing in the startup ColibriTD. In another development, SEALSQ announced a $60 million share offering, which will involve selling 15 million ordinary shares and warrants for additional shares. Meanwhile, WISeKey International Holding Ltd’s subsidiary, SEALCOIN AG, is integrating decentralized computing technology into 2,000 Thomson laptops. This integration will enable laptop owners to participate in a blockchain network, potentially monetizing idle CPU capacity.
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