WISeKey Drives Innovations in IoT Security with 23 Strategic Patents in the U.S. – GlobeNewswire

WISeKey drives innovations in IoT security with 23 strategic patents in the U.S.

Geneva, Switzerland/New York, USA 18 February WISeKeyInternational Holding Ltd. (WISeKey NASDAQ: WKEY; SIX Swiss Exchange: WIHN), cybersecurity delivering Integrated Security Platforms, today announced that it has registered a total of 23 new strategic patents in U.S. which are essential to the digital transformation applications that are fueling the growth in the IoT market (see list of U.S. patentshere).

With a rich portfolio of more than 46 patent families, covering over 100 fundamental individual patents, and another 22 patents under review, WISeKey continues to expand its technology footprint in various domains including the design of secure chips, near field communication (NFC), the development of security firmware and backend software, the secure management of data, the improvement of security protocols between connected objects and advanced cryptography.

For WISeKey, adding to its patent portfolio and intellectual property is key to ensuring that the company remains a major player in the IoT industry for years to come, providing their customers with scientifically proven technology that differentiates and protects their products from counterfeiting, adds valuable supply-chain tracking features, and prevents the loss of sensitive enterprise and consumer data.

Innovation is at the core of everything we do at WISeKey, commented Carlos Moreira, WISeKeys CEO and Founder, which is why we directed more than 18% of our annual revenue in 2019 (or approximately $4.5million) to R&D expenses in an effort to keep our products ahead of bad actors who are using the expanding surface area of the IoT landscape to disrupt critical services and cause harm to consumers.

Digital transformation in the IoT market is opening up new applications that can improve the efficiencies of power grids, use NFC chips embedded on pharmaceutical labels to provide better quality healthcare, or secure autonomous vehicles but its also creating new security risks, each with its own set of challenges and consequences. Digital identities provided as part of the WISeKey Integrated Security Platforms act as the first line of defense in IoT security architectures by giving each object its own unique, immutable, identity that can be used for strong authentication of the device and encryption of sensitive data as it travels from the edge to the cloud.

If you spread the estimated 50 billion connected devices across the predicted world population of 6.8 billion in 2020, you will end up with more than 7 IoT devices per person. Add on top of that the massive amounts of data being generated by each device, over 2.3 zettabytes by 2035, and you can immediately see how big the IoT security market is for WISeKey and why the investment in developing market-leading technologies is critical for their continued success.

About WISeKey

WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping todays Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Our technology is Trusted by the OISTE/WISeKeys 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, visitwww.wisekey.com.

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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.

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WISeKey Drives Innovations in IoT Security with 23 Strategic Patents in the U.S. - GlobeNewswire