Geneva, Switzerland
Geneva, Switzerland

WISeKey is a digital information security, authentication, and identity management company headquartered in Geneva, Switzerland with subsidiaries around the world. WISeKey’s network of services provide millions of users with privacy, trust and peace of mind. WISeKey also solves advanced e-security issues for organizations in many important sectors including defense, health, education, finance, government and international sports. Wikipedia.

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H1 2017 WISeKey Revenue Increased by over 1,500% to $ 21.2 Million; Reduced Losses by 80% and is on the Path to Profitability WISeKey shows strong sequential growth on core Cybersecurity and IoT business; expects to report revenue of approximately $50 million for full year 2017 ZUG, Switzerland- September 19, 2019- WISeKey International Holding Ltd ("WISeKey" or the "Company") (SIX: WIHN) a leading Swiss cybersecurity and IoT company announced today its H1 financial results for the period ending June 30, 2017. The H1 2017 Annual Report, will be downloadable from https://www.wisekey.com/investors/reports/half-year-reports/ before the start of trading of WISeKey's Class B Shares on SIX Swiss Exchange on 19th September 2017. "WISeKey delivered exceptional seasonal results for the first half of 2017, with revenue of $ 21.2 million, an increase of over 1,500% year-over-year reflecting the successful integration of the IoT and Cyberscurity assets into the Company," said Carlos Moreira, WISeKey's Chief Executive Officer. "We have noticed a strong demand across the combined product portfolio as the market for IoT - MicroChips associated with PKI and Cybersecurity, is increasing globally. We experienced substantial revenue growth with the combination of our IoT and Cybersecurity technology on new markets such as the smart automobile with our Secure Connected car technology. The WISeKey connected car solutions allow manufacturers to authenticate legitimate car components and enable owners to securely interact with the car's smart features. "Revenue generated by our IoT and Semiconductor group, for the H1 2017 was approximately $15.0 million. Lastly, in our managed Cybersecurity and Secure Identification Solutions group, H1 2017 revenue was approximately $6.2 million, due to the successful integration of QuoVadis Managed cybersecurity services into the WISeKey Vertical platform and to over 3,000 new clients," added Mr. Moreira. "In summary, our H1 2017 results are a validation of our vision and business strategy, and the successful integration of Vault-IC and QuoVadis along with the extension of the WISeKey Vertical Platform for Blockchain and AI. We continue to see strong adoption of products across our portfolio, with cybersecurity clients now acquiring chips and chip clients acquiring cybersecurity. This is a very encouraging indicative trend for WISeKey's long term growth outlook as we expand the Company's revenue models to fully capitalize on Blockchain and AI due to the enormous amount of data generated by these devices," said Moreira. "Our H1 2017 results reflect a period of strong execution, as we continue to demonstrate revenue expansion due to our synergy capture efforts. Gross profit for the current period was $10.4 million, with a gross margin of 49%, compared to $0.7 million in the H1 2016. We substantially improved our bottom line   in H1 2017 as compared to the same period in 2016, with approximately 53% of our net loss for the current period being non-cash items, compared with 72% in 2016. The Company's shareholder's equity increased from $33.4 million to $63.6 million or 89%. Over $1 million additional cash was generated in the period, with an ending cash balance of $6.2 million," said Peter Ward, WISeKey's Chief Financial Officer. WISeKey's strategy to evolve into a market leader in the IoT, Cybersecurity, AI and Blockchain market, implies a constant evaluation of potential add-on acquisitions, development of new IP and patents. In just one year, WISeKey has aggregated over 39 patent families (more than 200 patents in total) to its portfolio (https://www.wisekey.com/patents/) required to integrate the OISTE/WISeKey Root of Trust into IoT embedded devices with problem-solving Artificial Intelligence ("AI") solutions. For WISeKey, adding to its patent portfolio and intellectual property is key to ensuring that the company will remain a major player in the "DeepTech" sectors for years to come. Its patent portfolio allows WISeKey to distinguish itself from other companies that use commonly available technology; WISeKey focuses on integrating unique technology that is differentiated, protected and hard to reproduce due to tangible scientific discoveries and/or engineering innovations. The new patents cover a range of technologies for IoT and semiconductors, particularly those that help make enterprise-level computing services more trusted, reliable and secure. The most notable patent acquisition by WISeKey on IoT and semiconductors happened in 2016 when the company purchased 17 new IoT patents from Inside Secure, which at the time allowed WISeKey to create the first ever comprehensive trusted end-to-end cybersecurity platform for people and objects (IoT). Following this acquisition, WISeKey's cybersecurity offerings includes certified hardware & software, system certification, provisioning and up to management of cybersecurity services. A focus area of investment and the fastest growing segment for WISeKey this year is the IoT and Industrial Internet of Things (IIoT). Revenues generated by this segment continues to increase due to the new generation of IoT Chips, sensor-based identification, authentication and data and creating AI for analytically rich data sets. What has emerged during the first half of 2017, is only a glimpse into how the IoT and IIoT technology used in solving complex logistics, manufacturing, services and supply chain problems, can deliver the most value for WISeKey. About WISeKey: WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. WISeKey's Swiss based cryptographic Root of Trust ("RoT") 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. 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.


H1 2017 WISeKey Revenue Increased by over 1,500% to $ 21.2 Million; Reduced Losses by 80% and is on the Path to Profitability WISeKey shows strong sequential growth on core Cybersecurity and IoT business; expects to report revenue of approximately $50 million for full year 2017 ZUG, Switzerland--September 19, 2017--WISeKey International Holding Ltd ("WISeKey" or the "Company") (SIX: WIHN) a leading Swiss cybersecurity and IoT company announced today its H1 financial results for the period ending June 30, 2017. The H1 2017 Annual Report, will be downloadable from https://www.wisekey.com/investors/reports/annual-reports/ before the start of trading of WISeKey's Class B Shares on SIX Swiss Exchange on 19th September 2017. "WISeKey delivered exceptional seasonal results for the first half of 2017, with revenue of $ 21.2 million, an increase of over 1,500% year-over-year reflecting the successful integration of the IoT and Cyberscurity assets into the Company," said Carlos Moreira, WISeKey's Chief Executive Officer. "We have noticed a strong demand across the combined product portfolio as the market for IoT - MicroChips associated with PKI and Cybersecurity, is increasing globally. We experienced substantial revenue growth with the combination of our IoT and Cybersecurity technology on new markets such as the smart automobile with our Secure Connected car technology. The WISeKey connected car solutions allow manufacturers to authenticate legitimate car components and enable owners to securely interact with the car's smart features. "Revenue generated by our IoT and Semiconductor group, for the H1 2017 was approximately $15.0 million. Lastly, in our managed Cybersecurity and Secure Identification Solutions group, H1 2017 revenue was approximately $6.2 million, due to the successful integration of QuoVadis Managed cybersecurity services into the WISeKey Vertical platform and to over 3,000 new clients," added Mr. Moreira. "In summary, our H1 2017 results are a validation of our vision and business strategy, and the successful integration of Vault-IC and QuoVadis along with the extension of the WISeKey Vertical Platform for Blockchain and AI. We continue to see strong adoption of products across our portfolio, with cybersecurity clients now acquiring chips and chip clients acquiring cybersecurity. This is a very encouraging indicative trend for WISeKey's long term growth outlook as we expand the Company's revenue models to fully capitalize on Blockchain and AI due to the enormous amount of data generated by these devices," said Moreira. "Our H1 2017 results reflect a period of strong execution, as we continue to demonstrate revenue expansion due to our synergy capture efforts. Gross profit for the current period was $10.4 million, with a gross margin of 49%, compared to $0.7 million in the H1 2016. We substantially improved our bottom line   in H1 2017 as compared to the same period in 2016, with approximately 53% of our net loss for the current period being non-cash items, compared with 72% in 2016. The Company's shareholder's equity increased from $33.4 million to $63.6 million or 89%. Over $1 million additional cash was generated in the period, with an ending cash balance of $6.2 million," said Peter Ward, WISeKey's Chief Financial Officer. WISeKey's strategy to evolve into a market leader in the IoT, Cybersecurity, AI and Blockchain market, implies a constant evaluation of potential add-on acquisitions, development of new IP and patents. In just one year, WISeKey has aggregated over 39 patent families (more than 200 patents in total) to its portfolio (https://www.wisekey.com/patents/) required to integrate the OISTE/WISeKey Root of Trust into IoT embedded devices with problem-solving Artificial Intelligence ("AI") solutions. For WISeKey, adding to its patent portfolio and intellectual property is key to ensuring that the company will remain a major player in the "DeepTech" sectors for years to come. Its patent portfolio allows WISeKey to distinguish itself from other companies that use commonly available technology; WISeKey focuses on integrating unique technology that is differentiated, protected and hard to reproduce due to tangible scientific discoveries and/or engineering innovations. The new patents cover a range of technologies for IoT and semiconductors, particularly those that help make enterprise-level computing services more trusted, reliable and secure. The most notable patent acquisition by WISeKey on IoT and semiconductors happened in 2016 when the company purchased 17 new IoT patents from Inside Secure, which at the time allowed WISeKey to create the first ever comprehensive trusted end-to-end cybersecurity platform for people and objects (IoT). Following this acquisition, WISeKey's cybersecurity offerings includes certified hardware & software, system certification, provisioning and up to management of cybersecurity services. A focus area of investment and the fastest growing segment for WISeKey this year is the IoT and Industrial Internet of Things (IIoT). Revenues generated by this segment continues to increase due to the new generation of IoT Chips, sensor-based identification, authentication and data and creating AI for analytically rich data sets. What has emerged during the first half of 2017, is only a glimpse into how the IoT and IIoT technology used in solving complex logistics, manufacturing, services and supply chain problems, can deliver the most value for WISeKey. About WISeKey: WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. WISeKey's Swiss based cryptographic Root of Trust ("RoT") 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. 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.


WISeKey's new IoT platform and Semiconductors ideally positioned to capture substantial market share on the 'Path to a Trillion IoT Device' The new IoT chips are now fully integrated into the WISeKey IoT cybersecurity vertical platform, allowing IoT devices to organize themselves into trusted networks based on mutual authentication, identity and integrity Geneva, Zug, Switzerland - September 13, 2017 - WISeKey International Holding Ltd (SIX: WIHN), a leading Swiss cybersecurity and IoT company announced today that it has full integrated the Industrial Internet of Things (IIoT) chip embedded with cryptographic Root of Trust (RoT) and problem-solving Artificial Intelligence (AI) solutions as part of its Vertical IoT Platform.  WISeKey's IoT cybersecurity Vertical Platform allows IoT devices to organize themselves into trusted networks based on mutual authentication, identity and integrity. During 2017, WISeKey has transformed and evolved into a major player in the IoT, Cybersecurity, AI and Blockchain market by fully integrating its cybersecurity and Semiconductors business with add-on acquisitions, and through the development of new IoT IP and patents. In just one year, WISeKey has aggregated over 46 IoT patent families (more than 200 patents in total) to its portfolio (https://www.wisekey.com/patents/) required to power the OISTE/WISeKey RoT into IoT embedded devices with problem-solving AI solutions. For WISeKey, adding to its patent portfolio and intellectual property is key to ensuring that the company will remain a major player in the IoT Industry for years to come as company focuses on integrating unique technology that is differentiated, protected and hard to reproduce based on tangible scientific discoveries or engineering innovations. The IoT Industry is a game changer new business segment 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. As a result, it is anticipated that this year already the number of IoT devices will surpass the number of mobile devices. By 2021, it is expected 1.8 billion PCs, 8.6 billion mobile devices, and 15.7 billion IoT devices; by 2035, the amount of data usage is expected to grow more than 2,400 times, from 1 exabyte to 2.3 zettabytes.  A huge and increasing amount of sensitive data that will need to be protected by the IoT chips produced by WISeKey will be interchanged between connected devices and back-end servers, allowing companies to provide users with new type of applications. These applications will be designed to offer increased control over the use of resources, improve efficiency in power grids, optimize processing of information in industrial environments, secure autonomous vehicles, provide better and higher quality healthcare services and personalized experience for shopping or leisure, among others. This new technology enables IoT connected devices which can provide a recognized identity and a valid integrity report to communicate with peer devices within the community. WISeKey offers a range of contact and contactless secure microcontrollers that share consistent secure 8-/16-bit RISC CPU performance, strong security mechanisms, and enhanced crypto engines to optimize performance and power consumption. The products also provide high-density, low-power EEPROM technologies. Designed to meet the most stringent security requirements, many of these products are EAL5+ Common Criteria security-certified. This new capability will enable authenticated sensor data. Currently, most IoT devices are not built with embedded secure systems, which makes these devices vulnerable to exploits. By integrating AI into the IoT hardware and platform, objects connected to the Vertical Platform can develop their own cybersecurity behavior and make smarter and safer decisions. Objects secured with these IIoT chips produce a huge amount of Big Data that when analyzed with AI can help industrial applications to predict the failure of their equipment before it happens.  The WISeKey platform allows the IoT device equipped with these chips to send authenticated data to the cloud using a dual factor authentication at the device level. Imagine a smartcard sending authenticated data of each component of the car to predict when these parts will require maintenance and to digitally sign all the logs required to prove that service was provided. This platform which can be used in different industrial applications allows optimized productivity across industries through predictive maintenance on equipment and machinery, creates truly smart homes with connected appliances and provides critical communication between devices including self-driving cars and smart homes. The possibilities that IoT brings to the table are endless. WISeKey's technology creates a platform that helps connected devices to become intelligent devices that can learn from attacks, defend themselves, and transfer this intelligence to other devices in the network. Additionally, WISeKey's technology provides smaller IoT manufacturers that do not have the resources or expertise to perform thorough security analysis of their products will the ability to adopt this platform, reducing the number of unprotected products that are released to consumers. Carlos Moreira, founder and chief executive of WISeKey said: "This new platform opens up many possibilities for improving the overall security functionalities and creating new business processes by taking advantage of the world of digital identification at the object level, which once combined with Big Data allows us to gather and process all available information and generate actionable insights." Mr. Moreira added, "This new technology offers a full integration of several key security elements on the chip instead of installing and testing these security elements separately on the device. The integration reduces the size of the chip, lowers the cost and increases the level of security as no one can externally access and manipulate the integrity of these chips. The ability to authenticate and remotely manage millions of networked, automated devices and equipment is becoming pervasive from factory floors, to hospital operating rooms, to residential homes including billions of objects and devices from refrigerators, watches, wearables to wine bottles - everything that can connect and communicate via the Internet." These massively deployed connected objects are facing regular attacks hence generating a large need for trusted end-to-end cybersecurity solutions. This problem is affecting billions of people and IoT devices worldwide, and manufactures of these devices could be forced or incentivized to spend money to make their devices secure, as regulators might impose liabilities on them. "It's been one year since our R&D teams joined forces to integrate our chip technology within the WISeKey IoT platform. The feedback and support we are getting from various major players in the IoT ecosystem to whom we have presented our offer, including network operators, device manufacturers, data integrators, and AI technology providers, has been amazing.  There is a consensus among them that security breach is a massive problem and safe and reliable solutions are needed. They all acknowledge that our Root-to-Chip platform is the right solution to efficiently resolve these problems," added Bernard Vian, General Manager of WISeKey Semiconductors. About WISeKey: WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. WISeKey's Swiss based cryptographic Root of Trust ("RoT") 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. 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.


ZUG, Switzerland & GENEVA & NEW YORK--(BUSINESS WIRE)--WISeKey International Holding Ltd (WIHN.SW) (“WISeKey”) announced today the release of The HUMAN(IT) Manifesto and invites all internet users to show their support for the need to manage the dynamic relationship between humanity and technology. During 2016, WISeKey, the OISTE.ORG Foundation and their global partnership ecosystem delivered new initiatives around the world bringing the number of interconnected devices featuring WISeKey’s vertical platform to 2.6 billion of the total estimated market volume of 8 billion Internet of Things (IoT) devices. “As we predicted, while the IoT is delivering previously unthinkable technological achievements, one of the greatest challenges has been how to secure the interconnectivity of billions of devices,” advises WISeKey’s Founder and CEO, Carlos Moreira. “The year ahead promises great advancements for WISeKey and the other innovators in internet technology development and application. And, while we will continue to pioneer the security of IoT, Blockchain and Artificial Intelligence (AI), we will do so with a keen awareness of the need to manage the dynamic relationship between humanity and technology. For this will, in fact, secure our future.” To address internet security needs and the growing business opportunity, in addition to the integrated WISeKey Vertical Platform solution, the company has also introduced AI at the chip level this year, with the acquisition of a semiconductors company that is now embedding the WISeKey Root of Trust (ROT) and allowing the chips and IoT sensors to provide authenticated data. By integrating AI into the WISeKey Root of Trust and Vertical Platform, WISeKey helps objects develop their own cybersecurity behavior, thus making smarter and safer decisions. In 2017, the company anticipates introducing the WISeKey Root of Trust into over 400 million new devices. “We are living in the most prolific time in human history. Self-driving cars, voice-controlled homes, and interactive, do-anything robots are the headline-grabbers but this era offers more than tools to optimize people’s time and efforts. Seismic shifts to the major physical systems of the world—transportation, food production, energy consumption, scientific discovery, education and healthcare are occurring at an increasingly rapid pace,” stated WISeKey’s Senior Advisor and HUMAN (IT) Manifesto Co-Author, David Fergusson. “To encourage and empower the person to be at the center of gravity of the internet, we have developed The HUMAN (IT) Manifesto which we invite all to join us in supporting.” On Wednesday, January 18, 2017 WISeKey will host its annual Cybersecurity Roundtable during the Annual Summit of the World Economic Forum at Davos. Since 2014, when the company hosted the first Davos Roundtable on Identity Security, Carlos Moreira has been at the forefront of this industry leading dynamic and revealing discussions with industry experts about the future of cybersecurity and internet technology. Securing The Internet of Value is the roundtable theme for 2017 featuring Blockchain expert Don Tapscott, the best-selling author of “ Blockchain Revolution.”. Host Carlos Moreira will be joined by industry experts including returning panelist David Fergusson, Co-CEO of The M&A Advisor; Senior Editor of The Economist, Matthew Bishop; and the Chairman of Investment for the Government of Mauritius, Gérard Sanspeur. To Sign the HUMAN(IT) Manifesto CLICK HERE WISeKey is a leading cybersecurity firm selected as a World Economic Forum Global Growth Company. WISeKey is currently deploying large scale Internet of Things (“IoT”) digital identity ecosystems and has become a pioneer of the 4th Industrial Revolution movement launched this year at the World Economic Forum in Davos. WISeKey’s Swiss based Cryptographic Root of Trust (RoT) integrates wearable technology with secure authentication and identification, in both physical and virtual environments, and empowers IoT and wearable devices to become secure transactional devices. WISeKey has patented this process in the USA as it is currently used by many IoT providers. For more information, visit www.wisekey.com To follow WISeKey’s latest activities - subscribe to our Newsletter or visit the WISeKey Investors Corner. 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.

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