Wisekey stock rises after space partnership with EnduroSat

Investing.com -- Wisekey International Holding AG (NASDAQ:WKEY) stock rose 3.8% in pre-market trading Monday after the cybersecurity firm announced a partnership with satellite provider EnduroSat to develop quantum-resilient nanosatellite systems for Internet of Things applications.The two companies signed a Memorandum of Understanding to establish a framework for integrating SEALSQ secure elements into satellite payloads and ground-level endpoints. These components will enable hardware-based security and digital identity protection across IoT satellite networks.The collaboration aims to implement post-quantum cryptographic algorithms aligned with NIST recommendations to protect against future quantum computing threats. WISeSat will provide the cryptographic stack and support, while EnduroSat will incorporate these into its satellite and communication platform."This partnership with EnduroSat marks a significant step forward in our mission to deliver quantum-resilient, end-to-end secure satellite infrastructure," said Carlos Moreira, Founder and CEO of WISeKey. "By integrating SEALSQ’s advanced secure elements into the expanding WISeSat constellation, we are building a tamper-proof communications backbone in space."EnduroSat, which has delivered more than 60 satellites to orbit, will lead the physical integration of security components into next-generation satellite buses and contribute to the overall mission architecture. The company will also support the design and deployment of WISeSat’s future missions.The resulting architecture will offer secure IoT connectivity services from Low Earth Orbit for applications in logistics, critical infrastructure, defense, and environmental monitoring.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.