Press release
SEALSQ to Invest $10 Million in WISeSat.Space to Accelerate Satellite Constellation Deployment, Space-Based Quantum Key Distribution (QKD) Communications, and Decentralized IoT Transactions
Geneva, Switzerland, May 14, 2025 (GLOBE NEWSWIRE) -- SEALSQ to Invest $10 Million in WISeSat.Space to Accelerate Satellite Constellation Deployment,
About this update from Sealsq Corp
[{"type":"text","content":"Geneva, Switzerland, May 14, 2025 (GLOBE NEWSWIRE) -- SEALSQ to Invest $10 Million in WISeSat.Space to Accelerate Satellite Constellation Deployment, Space-Based Quantum Key Distribution (QKD) Communications, and Decentralized IoT Transactions QKD capability offers scalable, recurring \"Satellite-as-a-Service\" revenue for SEALSQ. SEALSQ Corp (NASDAQ: LAES) (\"SEALSQ\" or \"Company\"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, during its Quantum Day in France, announced the intention to invest $10 million in WISeSat.Space AG (“WISeSat”), and join its parent company, WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) as a strategic investor in the WISeSat satellite constellation. Of note, WISeSat, a subsidiary of WISeKey, focuses on space technology for secure satellite communication, specifically for IoT applications. This investment, which is subject to, amongst other requirements, final approval by the Board of Directors of SEALSQ, marks a significant milestone in building the world’s first quantum-resilient satellite network, capable of delivering ultra-secure communications and transactional IoT (t-IoT) services from space. The June 2025 mission will also feature a Proof of Concept (PoC) showcasing SEALCOIN’s ability to enable decentralized, autonomous transactions between satellites and IoT devices. Powered by Hedera’s Decentralized Ledger Technology (DLT), SEALCOIN ensures secure, transparent, and tamper-proof exchanges, laying the groundwork for a scalable Transactional IoT (t-IoT) ecosystem. This capability opens new opportunities for machine-to-machine (M2M) transactions in industries such as smart cities, automating resource management and infrastructure control; logistics, securing real-time tracking and automated payments; and remote sensing and environmental monitoring, enabling data monetization and autonomous operations. SEALSQ’s investment goes beyond technology — it unlocks a transformational business opportunity to connect and secure trillions of IoT devices globally, across industries such as logistics, smart cities, energy, agriculture, and defense. Leveraging WISeSat’s satellite constellation, SEALSQ can extend its Post-Quantum Chip and Root of Trust technologies directly to IoT devices anywhere on Ear...