Tortola, British Virgin Islands, Dec. 28, 2023 (GLOBE NEWSWIRE) —
December 28, 2023: SEALSQ Corp (“SEALSQ” or “Company”) (NASDAQ: LAES), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today announced that its post-quantum semiconductor technology based on cutting-edge cryptographic algorithms, is specifically designed to withstand attacks from and secure cryptocurrency transactions against the looming threat of quantum computing. This advanced technology addresses the vulnerabilities of current blockchain accounting systems, bolsters the defenses of digital currencies in the quantum age, and represents another stride by SEALSQ in securing the digital financial ecosystem
Cryptocurrencies, currently safeguarded by public key cryptography, face a significant security challenge with the advent of quantum computing. Traditional cryptographic methods, though robust against current computational capabilities, are susceptible to quantum attacks, which could lead to compromised transactions and weakened trust in digital currencies.
SEALSQ’s post-quantum semiconductor technology utilizes cutting-edge cryptographic algorithms that are resistant to quantum computing attacks. These algorithms, integrated into the hardware, ensure the highest level of security for cryptocurrency transactions, safeguarding them from potential quantum breaches.
Carlos Moreira, CEO of SEALSQ, noted, “The future of digital currency depends on the ability to stay ahead of technological cyber advancements. Our post-quantum semiconductor technology is a game-changer, offering unparalleled security and ensuring the longevity and reliability of cryptocurrency transactions.”
This technology not only secures existing blockchain infrastructure but also paves the way for a more secure digital financial ecosystem. By preemptively upgrading to quantum-resistant cryptographic methods, SEALSQ empowers cryptocurrency platforms to future-proof their systems, maintaining integrity and fostering continued trust among users.
SEALSQ’s innovation is poised to set a new standard in cryptocurrency security, offering peace of mind to users and stakeholders in the digital currency space. As the world inches closer to the quantum computing era, SEALSQ’s post-quantum semiconductor technology stands as a bastion of security, ensuring the safe and secure continuation of digital monetary transactions.
SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, 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 please visit www.sealsq.com.
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 generate revenue from emerging new semiconductors; SEALSQ’s ability to generate revenue from Matter certification and the new cyber trust mark standards; the successful introduction of the WISeSat picosatellite constellation; SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; 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.