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WISeKey and FOSSA Systems to Launch New WISeSat-Ready Satellites with SpaceX
Geneva and Zug Switzerland – May 19, 2023 – WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY), a leading cybersecurity, IoT and AI company, announced that in cooperation with FOSSA Systems (“FOSSA”) would be launching several new WISeSat-Ready FOSSA powered satellites with SpaceX, adding to the 13 FOSSA satellites already in orbit.
These new satellites will be part of the 80-satellite constellation which FOSSA has been planning to deploy since early 2022, aiming to provide global and real-time IoT connectivity for industrial applications with a 10-hour data latency. The launch will be carried out by SpaceX on a Falcon 9 Vehicle, no earlier than June 2023.
This next-generation will deliver higher capacity services in a commercial manner for a wider range of applications, supporting IoT and other space-related services in areas such as communications or remote sensing in the fields of Signal Intelligence.
The WISeSaT Satellite is a security-IoT hardened nanosatellite designed to further drive down satellite costs for IoT applications. As more satellites are deployed, WISeSat and FOSSA will offer lower latency times, reaching near real-time data with the 80 satellites projected for 2024. This new FEROX generation of satellites provides unprecedented capabilities comparable to that of 6 – 12U satellites in a fraction of the size, mass, and cost.
These WISeSaT ready platforms will enable secure and robust IoT connectivity and space-enabled services for assets in remote locations and applications such as maritime shipment, emergency locators, agriculture or farming.
WISeKey is offering this technology to its IoT clients in a SaaS model allowing both remote and redundant urban IoT communications for companies seeking to securely connect their assets via satellite communication covering large and unserved geographic areas such as maritime, deserts, mountains, etc., at affordable prices. WISeKey Trust and Security solutions offer unique integration into an end-to-end platform that communicates in real-time with WISeSat. Satellite by ensuring the authenticity, confidentiality, and integrity of the devices, objects, data and transactions.
WISeKey’s INeS platform uses state-of-the-art cryptographic algorithms to meet the highest standards for issuing, managing, and validating digital credentials for IoT devices, including those connected with WISeSaT.Satellite. This platform is scalable and can support environments for hundreds of millions of devices and sensors, and is able to remotely collect data from the field and transmit to the backend.
Additionally, INeS features Entity Management (any custom attributes such as identities, group, type, role, and life cycle), Message Security Policy Management, and Business Rules Management. Interfacing via the cloud and connecting devices and applications, INeS is capable of remotely identifying credentials and controlling activation, deactivation, revocation, renewal, and secure provisioning.
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 installed base of over 1.6 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 leading edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications 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 & CEO
Tel: +41 22 594 3000
WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
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.
FOSSA Systems is a Spanish company that provides dedicated space services and complete IoT solutions that enable the transmission of information from a device located anywhere on the planet through satellite connectivity. FOSSA provides turnkey solutions for companies of all sizes with satellite & IoT as its core. FOSSA is pioneering a market that currently has 10 billion connected devices and that it expects to have more than 25 billion by 2025. With their 80-satellite constellation, they expect to connect millions of devices directly to their network, offering global and real-time direct-to-device LPWAN coverage. FOSSA has verticalized the manufacturing process of satellites, space operations and ground segment services and currently has 13 satellites in orbit.
Press and Investor contacts:
FOSSA Systems S.L.
Julian Fernandez at [email protected]