WISeKey International Holding SA - WISeKey signs new agreements in China and the US to secure cars, video cameras and routersWISeKey International Holding SA / WISeKey signs new agreements in China and the US to secure cars, video cameras and routers . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.
WISeKey signs new agreements in China and the US to secure cars, video cameras and routersSemiconductors IoT sales in China, EU and US are expected to generate approximately $32 Million in revenues for FY2017, with revenue acceleration expected in 2018
ZUG, Switzerland - November 15, 2017 -WISeKey International Holding Ltd ("WISeKey", SIX: WIHN), a leading cybersecurity and IoT company, today announced that it is accelerating its Semiconductors IoT sales through the signing of new agreements for smart cities and smart cars in China and a major contract to secure hardware such as cameras and routers in the United States.
Carlos Moreira, WISeKey's Founder and CEO, noted, "Our recent agreements and expansion in several large markets, including China, the European Union and the United States have positioned WISeKey as a major player in the Semiconductors IoT segment. We expect these agreements to generate approximately $32 million in revenues in FY2017. As we continue to leverage our core competencies and expand into a large and fast growing cyber security market, we expect revenue growth to accelerate from this segment in FY2018."
Mr. Moreira added, "Of note, we are seeing strong demand for products for both of our business segments, the Semiconductor IoT and Cybersecurity SaaS, which are now fully integrated into WISeKey's Vertical Platform."
The IoT industry has become a game changing new business opportunity for WISeKey. An estimated 50 billion IoT devices are expected to be connected by 2020, while world's population is estimated to grow to 6.8 billion; thus, there will be more than 7 IoT devices per person connected to the internet by 2020. Global spending on IoT/IoE technology-based services is now expected to reach $3 trillion by 2025 and WISeKey is well positioned to take advantage of many significant opportunities in this large market. Recent agreements include partnerships with global organizations to secure IoT devices and the huge and increasing amount of sensitive data exchanged between these devices. The IoT chips produced by WISeKey allow companies to provide users with new type of applications, designed to offer increased control over the use of resources, improve efficiency, optimize processing of information, secure autonomous vehicles, improve public safety, etc.In the US, WISeKey's chips are used to secure and authenticate over 10 million routers using unique Secure Certificate based IDs and encryption (SSH) keys. This technology is also used in closed-circuit TV (CCTV) or DVR devices and satellite antenna equipment.
WISeKey chips are also used to secure video cameras that can understand and analyze the scene the camera is capturing; spot a piece of luggage left behind at an airport and issue an alert; identify a car being sought in connection with a crime based on its color, shape, and dented left bumper, even if the license plate has been covered up; and spot drivers who are texting while driving and potentially passing on this information to law enforcement officials that can then issue a ticket. WISeKey is working with several smart car manufactures to integrate the WISeKey IoT and Public Key Infrastructure (PKI) with Connected Car solutions. The WISeKey technology allows manufacturers to authenticate car components and enables owners to securely interact with the car's smart features.BI Intelligence expects the number of connected cars sold each year to continue to increase; of the 94 million cars expected to be sold in 2021, 82% will be connected cars. This represents a compound annual growth rate of 35% from 21 million connected cars sold in 2016. As the number of total connected cars is growing quickly (to over a quarter of a billion by year 2020, as estimated by Gartner), smart car manufactures are working to identify and reduce potential hacking vulnerabilities in their vehicles. WISeKey was also able to enter the complex Chinese semiconductor and IoT market through the signing of new partnerships. Recently, WISeKey announced that its IoT blockchain technology is to be deployed in selected smart cities in China and its chips are already deployed in Nanjing Smart City. Companies in China like Feitian Technologies are developing innovative hardware and software solutions to enable users, applications and devices to securely authenticate the networks, verify the authenticity and integrity of firmware upgrades, and limit access to sensitive information to authentic users only. Such enhanced cryptographic techniques, based on proven technologies like PKI, high-security chips and hardened middleware will offer a robust barrier against the DDoS attacks.
About WISeKey:WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying via a Virtual Platform large scale digital identity ecosystems. WISeKey's Swiss based cryptographic RoT ("RoT") and IoT Microchips provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.
To receive WISeKey's latest news, subscribe to our Newsletter or visit the WISeKey Investors Corner.Press and investor contacts:
WISeKey International Holding Ltd Company Contact: Carlos MoreiraChairman & CEOTel: +41 22 594 email@example.com WISeKey Investor Relations (US) Contact: Lena CatiThe Equity Group Inc.Tel: +1 212 firstname.lastname@example.org Disclaimer:This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.Source: WISeKey International Holding SA via Globenewswire --- End of Message --- WISeKey International Holding SAGeneral-Guisan-Strasse 6 Zug SwitzerlandISIN: CH0314029270;
Les dernières news
News les plus lues