SEALSQ Corp announces innovative post-quantum chips designed to enhance security for critical infrastructure against cyber threats.
Quiver AI Summary
SEALSQ Corp, a leader in semiconductor and post-quantum technology, announced that its innovative post-quantum chips are critical to enhancing cybersecurity against quantum cyberattacks, particularly for vital infrastructure sectors such as healthcare, energy, finance, and agriculture. These chips, designed to be quantum-resistant, aim to protect sensitive data and ensure operational continuity amid rising cyber threats associated with advancements in quantum computing. As industries move toward automation and robotics, SEALSQ’s chips are positioned to meet the growing need for secure hardware solutions, ensuring that robotic systems can operate safely and efficiently. The company is collaborating with major electronics manufacturers to develop tailored quantum-resistant solutions, solidifying its role in fostering secure digital and robotic ecosystems.
Potential Positives
- SEALSQ Corp is leading the transition to the robotization era with its innovative post-quantum chips, enhancing security in critical infrastructure sectors facing cyber threats.
- The company offers certified quantum-resistant security, which is increasingly vital as quantum computing technology advances, safeguarding sensitive data from future decryption risks.
- SEALSQ is collaborating with major electronics manufacturers to develop customized quantum-resistant chips, strengthening its position in the market and supporting the demand for secure robotic systems.
Potential Negatives
- SEALSQ Corp acknowledges potential issues with compliance regarding the minimum bid price requirement for NASDAQ, indicating possible financial instability.
- The forward-looking statements include significant uncertainties and risks that could materially affect the company's operational outcomes and financial performance, which may concern investors.
- The company does not provide concrete timelines or assurances regarding the success of its post-quantum chip technology, leaving investors uncertain about future revenue generation.
FAQ
What are SEALSQ's post-quantum chips designed for?
SEALSQ's post-quantum chips are designed to defend against quantum cyberattacks and ensure security for critical infrastructure sectors globally.
How do post-quantum chips enhance security?
These chips provide certified quantum-resistant security to protect sensitive data from being compromised by future quantum decryption.
Which industries benefit from SEALSQ's technology?
Key industries include healthcare, energy, finance, and agriculture, all of which are integral to national economies and daily life.
Why is post-quantum cryptography important?
Post-quantum cryptography develops secure methods against quantum attacks, safeguarding sensitive information from future quantum computing threats.
How is SEALSQ collaborating with manufacturers?
SEALSQ is partnering with major electronics manufacturers to develop customized quantum-resistant chips tailored for their specific needs.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LAES Hedge Fund Activity
We have seen 1 institutional investors add shares of $LAES stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ANSON FUNDS MANAGEMENT LP removed 649,533 shares (-100.0%) from their portfolio in Q3 2024
- XTX TOPCO LTD removed 25,589 shares (-100.0%) from their portfolio in Q3 2024
- CUBIST SYSTEMATIC STRATEGIES, LLC removed 20,457 shares (-100.0%) from their portfolio in Q2 2024
- TWO SIGMA SECURITIES, LLC removed 16,849 shares (-100.0%) from their portfolio in Q3 2024
- JANE STREET GROUP, LLC added 15,663 shares (+inf%) to their portfolio in Q3 2024
- VIRTU FINANCIAL LLC removed 11,662 shares (-100.0%) from their portfolio in Q3 2024
- STRATEGIC INVESTMENT SOLUTIONS, INC. /IL removed 7,299 shares (-100.0%) from their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Geneva, Switzerland, Nov. 25, 2024 (GLOBE NEWSWIRE) --
SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or the “Company”), a leader in semiconductor, PKI, and post-quantum technology solutions, today announced that is at the forefront of the transition to the robotization era with its groundbreaking post-quantum chips. Designed to defend against the rising threat of quantum cyberattacks, these advanced chips are set to revolutionize security for critical infrastructure sectors globally.
SEALSQ’s post-quantum chips provide certified quantum-resistant security, optimized to safeguard the increasingly interconnected and digitized world. In light of accelerating advancements in quantum computing, SEALSQ chips offer robust encryption capabilities to protect sensitive data and operations from being compromised by future quantum decryption.
Securing Critical Infrastructures for the Future
Critical infrastructure industries—such as healthcare, energy, finance, and agriculture—are the backbone of national economies and daily life. However, these sectors face mounting threats from cyberattacks that can disrupt operations, compromise sensitive data, and have far-reaching consequences for society.
Quantum computing, while promising immense technological advancements, also poses significant risks due to its ability to decrypt classical encryption methods which endangers the stability and security of critical infrastructures. SEALSQ’s post-quantum chips are engineered to counter these risks, providing an unmatched level of protection with quantum-resistant algorithms that ensure data integrity and operational continuity.
Leading the Robotization Era
As the global economy shifts toward automation and robotics, the demand for secure and efficient hardware solutions becomes paramount. Robotic systems will play a central role in critical tasks, from managing healthcare diagnostics to optimizing energy grids and financial transactions. SEALSQ’s post-quantum chips are uniquely suited to meet these demands, ensuring that robotic systems are impervious to cyber threats while maintaining optimal performance.
SEALSQ is actively engaging with major electronics manufacturers to co-develop customized quantum-resistant chips tailored for their specific needs. These collaborations are poised to solidify SEALSQ’s position as a key enabler of secure digital and robotic ecosystems.
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 Automotive, Industrial 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 that are 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 please visit
www.sealsq.com
.
Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” “projects,” “forecasts” and variations of such words and similar expressions, as they relate to us, our management or third parties, are intended to identify the forward-looking statements. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which 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 view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, the success and timeline of certain commercial developments, the ability of such commercial developments to cause the Company to regain compliance with the minimum bid price requirement, the Company’s ability to meet the criteria for any extension to regain compliance with the minimum bid price requirement and the Nasdaq staff’s decision to grant an extension of the compliance period. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.
All forward-looking statements, if any, in this release represent the Company’s judgment as of the date of this release. SEALSQ Corp does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
SEALSQ Corp Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 [email protected] |
SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 / [email protected] Katie Murphy Tel: +212 836-9612 / [email protected] |