WISeKey announces preliminary results for the first half of 2022; Reports

WISeKey Announces H1 2022 Preliminary Results; Brings in revenue of $13 million, onenot Increase domore than 25% from H1 2021

Returned iincrease has been mainly due at increaseD demand on semiconductors / IoT; WISeKey’s H1 2022ssemiconductor revenue increaseD 48% at $10.7 million from $7.2 million in H1 2021.

Next his rto focus on the IoT / ssemiconductors / vscybersecurity bbusiness, for fiscal year 2022, WISeKey expects this segment to generate income in the range of $21 million to $23 million due to upper demand and new contracts; current purchase orders total $38.5 million and opportunity pipeline total $75 million.

ZUG, Switzerland – July 122022: Ad-hoc announcements in accordance with SIX reporting requirements – WISeKey International Holding Ltd (NASDAQ: WKEY / SIX: WIHN) (“WISeKey” or the “Company”), a leading Swiss cybersecurity and IoT company, today announced its preliminary financial results unaudited for the six-month period ended June 30, 2022 (“H1 2022”). All H1 2022 figures in this release are unaudited and estimated due to the preliminary nature of the announcement.

Carlos Moreira, Founder and CEO of WISeKey, said, “IoT, semiconductors and NFT are entering a new growth cycle driven by embedded electronics, smart routers, AI-IoT devices, processing cloud, automation, IoT satellites, 5G and connectivity features that make the world safer, connected and contributes to sustainability. WISeKey’s strategy continues to focus on developing cybersecurity and NFT IoT solutions that enable our customers’ success and drive long-term growth.

To achieve these strategic objectives and refocus on its core business, WISeKey finalized the sale of arago GmbH (“arago”) in the first half of 2022. Although the company could not find the right person for arago within the group and, although its investment to streamline the business could not bring arago’s performance to margin expectations, WISeKey will maintain a partnership with arago to consider the potential added value brought on by AI capabilities.

WISeKey’s strong financial position of $23 million in cash at the end of the first half of 2022 enables the company to support investments in new products, IP and faster growing IoT/cybersecurity markets. In 2022, WISeKey made significant investments in R&D and design of new microchips to maintain its leading technology position and competitive advantage in product offerings. WISeKey is also progressing in the commercialization of the WISeSat PocketQube satellite with 13 satellites now in orbit launched with Space X.

WISeKey offers this IoT satellite technology to its IoT customers in a SaaS model enabling remote and redundant urban IoT communications for companies looking to securely connect their assets. WISeKey Trust and Security solutions offer a unique integration in an end-to-end platform that communicates in real time with the WISeSat satellite ensuring the authenticity, confidentiality and integrity of devices, objects, data and transactions.

WISeKey has also made great strides in using WISeID as a Universal Communication Identifier (UCID), a unique identifier for an IoT device on a network; the blockchain, a distributed register shared with the nodes of a computer network to guarantee security; and non-fungible tokens (NFTs), crypto assets on a blockchain that cannot be replicated. The combined practical application of these technologies—implementing UCID on the device, using NFTs, and putting them on the blockchain—ensures that the device itself is authenticated on a network that cannot be corrupted. It’s a giant leap forward, and it’s happening now, in the United States government.

To prove the effectiveness of this integration, WISeKey has fully deployed the WISe.ART platform. WISe.ART’s unique competitive advantage stems from its platform which is secured by WISeKey’s various security technologies enabling the authentication of NFTs based on digital identity, physical objects as well as digital assets, in a end-to-end secure process. The WISe.ART platform provides users with full control over their WISeID NFT, while other NFTs need to request access to identity information, and WISeID NFT users can then decide the level of control themselves. information they wish to share.

NFT tokenization uses the WISeKey registered patent application “System and method for providing persistent authenticated NFT” in the United States. With this method, NFTs have increased in value and will retain their value in the long run. For more information, visit: https://www.wisekey.com/press/wisekey-files-patent-application-for-persistent-and-authenticatable-nfts/.

Nearly 100 artists have already joined the WISe.ART NFT Marketplace with around 500 products, adding a potential total NFT trade sales of $20 million from NFTs who increasingly see a future for tokens that are disrupting the economy of content creation and influence on the Internet.

WiseKHeyit is strategy to further expand its business in the United States will also benefit from the recent announces that it has been selected as a collaborator by NIST for the NCCoE Trusted IoT Device Network-Layer Onboarding and Lifecycle Management Consortium project. Additional information on this consortium is available at: http://www.nccoe.nist.gov/projects/trusted-iot-device-network-layer-onboarding-and-lifecycle-management.

For this project, WISeKey is working with NIST to define recommended practices for performing reliable network layer integration, which will facilitate the implementation and use of reliable integration solutions for large-scale IoT devices.

WISeKey’s contributions to the project will be credential trust services and secure semiconductors to ensure credential security. Specifically, WISeKey will offer INeS Certificate Management Service (CMS) for credential issuance and VaultIC secure semiconductors to provide tamper-proof key storage and cryptographic acceleration.

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 things using Blockchain, AI and the IoT by respecting the human being as the pivot of the Internet. WISeKey Microprocessors Secure the pervasive computing that shapes today’s Internet of Everything. WISeKey IoT has an installed 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, phones laptops, cryptographic tokens, etc.). WISeKey is uniquely positioned to be at the forefront of IoT, as our semiconductors produce an enormous amount of big data which, when analyzed with artificial intelligence (AI), can help industrial applications predict failure of their equipment before it occurs.

Our technology is endorsed by the Swiss-based cryptographic root of trust (“RoT”) of OISTE/WISeKey which provides secure authentication and identification, in 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 between 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
CEO
Tel: +41 22 594 3000
[email protected]
WISeKey Investor Relations (USA)
Contact: Lena Cati
Equity Group Inc.
Tel: +1 212 836-9611
[email protected]

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements regarding WISeKey International Holding Ltd and its business. These 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 these statements. – look at the 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 securities and does not constitute an offer prospectus within the meaning of article 652a or article 1156 of the French Code of Obligations. nor a listing prospectus. within the meaning of the listing rules of the SIX Swiss Exchange. Investors should rely on their own assessment of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is or should be relied upon as a promise or representation as to the future performance of WISeKey.

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