TORTOLA, British Virgin Islands, Dec. 29, 2023 (GLOBE NEWSWIRE) -- SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ: LAES), a company focused on the development and sale of semiconductors, PKI and technology post-quantum. hardware and software products, celebrates a year full of significant achievements and milestones and announces its ambitious agenda for 2024, which is expected to be a year focused on pioneering post-quantum technologies, advances in artificial intelligence and improved security for cryptocurrency transactions.
A year of technological triumphs
SEALSQ's 2023 year was marked by strategic investments and advancements in new post-quantum chips, aimed at elevating AI performance in semiconductors. These chips, scheduled for commercialization in 2025, represent a major technological leap, combining superior AI capabilities with robust security features. SEALSQ's comprehensive solutions, including secure elements, root of trust, cryptographic keys, and hardware security modules, have played a critical role in boosting the semiconductor industry while protecting against potential threats.
Pioneers in the AIoT revolution
The fusion of IoT and AI, or AIoT, has been the cornerstone of SEALSQ's strategy. Leveraging high-integrity data from IoT devices, SEALSQ has advanced the integration of AI with NFT/Matter-based IoT certification, improving device intuitiveness and efficiency. This innovative approach is part of a broader AIoT revolution, setting new benchmarks in smart technology and operational efficiency.
Broadening horizons in global IoT and AI markets
In 2023, SEALSQ capitalized on the rapidly growing global IoT market and the increasing demand for AI-enhanced technologies. With the IoT market expected to surpass 29 billion endpoints by 2027, SEALSQ's strategic initiatives have positioned it at the forefront of this expansion.
SEALSQ AIoT Systems: A Dual Approach
SEALSQ AIoT systems have been instrumental in several sectors:
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Cloud-based AIoT: Designed for deep predictive analytics and large-scale data management, it delivers powerful computing for complex AI algorithms.
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Edge-based AIoT: Focused on real-time data processing for immediate decision making, essential in emergency response and infrastructure management.
SEALSQ AIoT systems have had a significant impact across industries, from smart cities and port supply chain automation to healthcare and cybersecurity, revolutionizing operational efficiency and security.
Looking to the future: 2024 and beyond
As SEALSQ enters 2024, it remains committed to its vision of shaping the future of technology. With a strong focus on post-quantum advancements, AI integration, and cryptocurrency transaction security, SEALSQ is poised to lead the next wave of technological innovations.
About SEALSQ:
SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from multi-factor authentication tokens, smart energy, smart home appliances and IT network infrastructure, to industrial and automotive automation and control systems.
Post-quantum cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods currently used to protect sensitive information, such as RSA and elliptic curve cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks.
For more information, visit www.sealsq.com.
Forward-looking statements
This communication expressly or implicitly contains certain forward-looking statements regarding SEALSQ Corp and its business. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements that are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. These statements involve known and unknown risks and are based on a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our opinion, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ's ability to implement its growth strategies; SEALSQ's ability to generate revenue from new emerging semiconductors; SEALSQ's ability to generate revenue from Matter certification and new cyber trust mark standards; the successful introduction of the WISeSat picosatellite constellation; SEALSQ's ability to continue beneficial transactions with significant parties, including a limited number of significant customers; market demand and conditions of the semiconductor industry; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are described in more detail in SEALSQ's filings with the SEC.
SEALSQ Corp is providing this communication as of this date and undertakes no obligation to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
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