LAESV SEALSQ Corporation

SEALSQ Corp (Nasdaq: LAES) (“SEALSQ” or “Company”), a leader in semiconductor, PKI, and Post-Quantum technology today unveiled new upgrades to INeS, its Certificate Management Solution (CMS), tailored for the IoT domain. These upgrades extend the platform's capabilities in registration, configuration, provisioning, maintenance, and monitoring of IoT devices, enabling seamless integration with major cloud providers including Azure IoT Hub, AWS IoT, and Google Cloud IoT.

This integration empowers SEALSQ to offer comprehensive IoT device management services as part of its product suite. This new INeS version is fully integrated with SEALCOIN, which should become available end Q2 2024, and crafted to cater to the burgeoning sectors of the IoT and M2M communication. This groundbreaking token is not just another addition to the crypto ecosystem, but a pivotal force that could redefine how machines interact and transact in a highly interconnected world. The multifaceted applications of SEALCOIN illuminate its potential to transform various industries and streamline people’s daily lives.

The INeS platform introduces an advanced Device Management feature accessible via a web interface and REST API. This innovation allows customers and developers to automate the management of devices and certificates, seamlessly integrating these processes with the manufacturing pipeline. INeS excels in remotely managing credentials, including the activation, deactivation, revocation, renewal, and secure provisioning (point-to-point secure update) of IoT edge devices and business applications.

Expanding the application spectrum, INeS enables a multitude of industrial uses. From facilitating predictive maintenance across industries, optimizing productivity with equipment and machinery monitoring, to enhancing smart home experiences with connected appliances and enabling secure communication between devices like self-driving cars and smart homes, INeS serves as a cornerstone for the IoT era. SEALSQ's technology not only ensures that connected devices evolve into intelligent entities capable of self-defense and learning from cyber threats but also facilitates the sharing of this intelligence across networks.

SEALSQ offers the INeS platform as a managed service from its secure data centers located in Switzerland. Nonetheless, to cater to diverse customer requirements and security mandates, on-premises and hybrid deployment options are also available. The platform is designed to support multitenancy, enabling customers to leverage a single software instance for multiple, independent projects or solutions.

The evolution of device management services is driven by the expanding diversity of device technologies, such as edge intelligence and connectivity technologies, and by customer challenges like scalability and security in IoT deployments. Anticipating future needs, suppliers are preparing for an era where over 40% of connected devices will employ various Low Power Wide Area (LPWA) technologies by 2026. With the demand to manage an increasing array of connected devices, global technology intelligence firm ABI Research predicts that IoT device management services will generate revenues exceeding $36.8 billion by 2026.

Employing public key cryptography and digital certificates, SEALSQ's enhanced INeS CMS for IoT offers a versatile and scalable certificate management solution. It facilitates the issuance, validation, and management of digital identities through PKI solutions, encapsulated in Digital Certificates, aligning with X509 ITU (ISO/IEC 9594-8:2001) standards. The platform also accommodates all major certificate enrollment protocols, including SCEP, CMP, CMC, and EST.

To safeguard IoT ecosystems, embedding security from the initial stages of microchip design is paramount. The incorporation of the Root of Trust (RoT) within connected devices ensures secure interactions among objects and between objects and business applications. SEALSQ’s ecosystem spans across diverse IoT sectors, including smart cards, smart cities, drones, anti-counterfeiting measures, smart lighting, servers, and mobile phones. Positioned at the forefront of IoT, SEALSQ’s VaultIC Secure Elements protect vast quantities of data, which, when analyzed with AI, enable the detection of cybersecurity threats and the prediction of equipment failures before they occur. SEALSQ's IoT revenue model is recurrent, focusing on the authenticated data produced by microchips and RoT and the enabled services, rather than the hardware components themselves.

About SEALSQ:SEALSQ stands at the cutting edge of technological innovation, with a strategic focus on the provision of integrated solutions that incorporate advanced Semiconductors, Public Key Infrastructure (PKI), and Provisioning services. Our mission is to lead in the development of pioneering Post-Quantum technology, crafting both hardware and software products designed to withstand the emerging threats in the digital landscape. Our suite of solutions is meticulously engineered to cater to a broad spectrum of applications, enabling enhanced security and operational efficiency across various sectors.

Our product lineup is versatile, catering to diverse needs: from Multi-Factor Authentication tokens that fortify access security, to Smart Energy systems and Smart Home Appliances that embody the latest in technological advancements for a more connected, efficient living environment. Additionally, our IT Network Infrastructure solutions serve as the backbone for secure, resilient organizational operations. In the automotive sector, our innovations contribute to safer, more secure vehicular systems, while our contributions to Industrial Automation and Control Systems ensure the reliability and security critical to modern industrial operations.

At the heart of our product development efforts is the pursuit of excellence in Post-Quantum Cryptography (PQC). PQC represents a forward-looking approach to cryptography, designed to offer protection against the formidable computing power of quantum computers. As these quantum devices continue to evolve, their potential to compromise existing cryptographic standards—such as RSA and Elliptic Curve Cryptography (ECC)—becomes a tangible threat. The objective of PQC is to create cryptographic systems that remain secure in the face of these advancements, thereby safeguarding sensitive information against quantum attacks.

SEALSQ is committed to leading the charge in this new era of cybersecurity, ensuring that our clients are equipped with the most advanced, secure technology solutions. By choosing SEALSQ, you're not just selecting a service provider; you're partnering with a visionary leader dedicated to securing your digital future against the next generation of cyber threats. Our dedication to innovation, combined with our deep expertise in Post-Quantum Cryptography, positions us uniquely to protect and empower your operations in an increasingly connected and complex world.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. 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 SEALSQ’s ability to implement its growth strategies; SEALSQ’s ability to successfully launch post-quantum semiconductor technology; SEALSQ’s ability to capture a share of the quantum semiconductor market; the growth of the quantum computing market; SEALSQ’s ability to expand its U.S. operations; SEALSQ’s ability to enhance its production facilities in the U.S. and France; SEALSQ’s ability to make additional investments towards the development of a new generation of quantum-ready semiconductors; the success of SEALCOIN; SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; the growth of the quantum computing market; and the risks discussed in SEALSQ’s filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp 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.

SEALSQ Corp.Carlos MoreiraChairman & CEOTel: +41 22 594 3000info@sealsq.com

SEALSQ Investor Relations (US)The Equity Group Inc.Lena CatiTel: +1 212 836-9611 / lcati@equityny.comKatie MurphyTel: +212 836-9612 / kmurphy@equityny.com