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19/6/2023

WISeKey and SEALSQ Develop AI based Quantum Solutions Demonstrator for Post-Quantum Cryptography

WISeKey and SEALSQ Develop AI based Quantum Solutions Demonstrator for Post-Quantum Cryptography. The development of this demonstrator marks a significant milestone for the QUASARS project and brings it one step closer towards the goal of building a Post-Quantum Hardware Security Module and Root-of-Trust.

WISeKey and SEALSQ Develop AI based Quantum Solutions Demonstrator for Post-Quantum Cryptography
WISeKey and SEALSQ Develop AI based Quantum Solutions Demonstrator for Post-Quantum Cryptography

Geneva – June 16, 2023 - ISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI, Blockchain, and semiconductors company, today announced that its subsidiary SEALSQ Corp.  (NASDAQ: LAES) (“SEALSQ”) has developed using AI Quantum solutions, a demonstrator unit running two NIST selected Post-Quantum Algorithms, a significant milestone for the development of the QUASARS project.

The SEALSQ Post-Quantum engineering team has been able to carry both Kyber and Dilithium CRYSTAL quantum-resistant NIST selected algorithms and the appropriate APIs on the MS6003, a WISeKey Common Criteria EAL5+ Certified secure hardware platform powered by an ARMSC300 core and featuring an USB interface, thus creating the first Quantum-Resistant USB Token demonstrator. The development of this demonstrator marks a significant milestone for the QUASARS project and brings it one step closer towards the goal of building a Post-Quantum Hardware Security Module and Root-of-Trust.

The advent of quantum computers poses a significant challenge to conventional cryptographic methods, such as RSA and Elliptic Curve Cryptography (ECC). As quantum computers continue to advance in power, these methods become vulnerable to quantum attacks, jeopardizing the security of sensitive information. WISeKey's post-quantum solutions, collectively known as Post-Quantum Cryptography (PQC), aim to address this threat by developing cryptographic methods that are resistant to attacks from quantum computers.

WISeKey is developing a new range of Trust Services, that will take advantage of the latest developments in post-quantum encryption (PQE) to be applied in real-world applications of digital signatures and encryption using PKI and digital certificates, such as secure communication channels (TLS), enhanced Key Exchanges and email security (S/MIME). These services are currently based on standards that can be improved to be resilient to quantum attacks and offer backwards compatibility with existing counterparts. WISeKey implementation of PQE is done around the concept of “hybrid signatures” which combine in a single X.509 certificate a conventional signature with a second signature using a PQE algorithm. This approach ensures backwards compatibility and opens a new horizon of cybersecurity services.

WISeKey's AI Quantum solutions mark a significant milestone in the ongoing battle to protect sensitive information from quantum attacks. By combining the power of quantum mechanics and the expertise of our multidisciplinary team, we are confident that these innovations will shape the future of cryptography and cybersecurity. The significance of the semiconductor industry is increasingly profound, not only from a technological standpoint but also strategical one. With the rapidly advancing domain of artificial intelligence (AI), the dependence on sophisticated, high-performance computer chips is growing ever more critical. As AI continues to evolve and innovate, creating transformative tools and applications, it has started to become a central pillar for the modern economy, business operations, and an array of career paths. Its potential to monetize, particularly in the realm of generative AI, is attracting considerable attention and investment.

AI may appear as if it has taken center stage somewhat abruptly, yet it stands on the shoulders of technologies that have been maturing for decades – the internet, IoT, smartphones, and potent computer chips. Early iterations of AI were primarily centered around automating or expediting tasks, such as chatbots for customer service, automated translation, or enhancing search engine algorithms. These applications served as the bedrock for more advanced AI technologies, driving efficiency and productivity in multiple sectors.

In the realm of autonomous systems, generative AI could drive significant advances. For instance, it can enable cars or robots to make automated decisions, improving safety and efficiency. From self-driving vehicles navigating complex urban environments to industrial robots performing precision tasks, the applications are extensive and game-changing.

For SEALSQ, the intersection of the semiconductor industry and AI signals a crucial inflection point in the digital transformation of our society. The possibilities that lie ahead for generative AI are vast, promising a future where technology further enhances human ingenuity, innovation, and productivity.

About SEALSQ

SEALSQ (NASDAQ: LAES) is a subsidiary of the WISeKey Group that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products. Our Post-Quantum solutions include Post-Quantum microchips and devices that can be used in a variety of applications, from Multi-Factor Authentication devices, Home Automation, 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, visit www.sealsq.com.

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 today’s 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/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.

Press and investor contacts

WISeKey International Holding Ltd
Company Contact:  Carlos Moreira
Chairman & CEOTel: +41 22 594 3000
info@wisekey.com

WISeKey Investor Relations (US)
Contact:  Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@equityny.com

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 the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor legislation or advertising within the meaning of the FinSA. 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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