Geneva, Switzerland, June 11, 2024 (GLOBE NEWSWIRE) --
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, today announced that the launch of its new range of Quantum Resistant, or Post Quantum Secure Chips, the QS7001 and QVault TPM, is planned for as early as Q4 2024.
The Company’s investments and focus on the QUASARs post-quantum project have enabled the engineering team to progress rapidly on the development roadmap. Following the design phase and production and test of the first proof-of-concept, the QS7001 engineering samples are being produced and expected to be ready to order as soon as the fourth quarter of this year, while the TPM version should be ready by end of year.
The upcoming secure chips family is based on a RISC-V Quantum Resistant and CCEAL5+ hardware platform offering CC EAL 5+ certified security and optimized for Kyber and Dilithium quantum resistant algorithms to face the latest quantum attack scenarios. The QS7001 is delivered open for the customer to develop and load their own firmware, while the “QVault TPM” features a pre-provisioned FIPS 140-3 and TCG certified Trusted Platform Module stack.
More detailed technical features on the products and summary data sheet are already available on SEALSQ’s website: https://www.sealsq.com/semiconductors/post-quantum-risc-v-chips and on YouTube: https://www.youtube.com/watch?v=J4SsXEAGvyo.
SEALSQ has also initiated a strategic move to leverage on the new chip’s powerful hardware architecture capabilities by approaching several large electronic manufacturers to discuss the development of custom quantum resistant chips derived from the QS7001 and integrating application specific customer requirements. By entering the segment of post-quantum ASICs, the company is taking a strategic step in its commercial and industrial strategy, paving the way for a significant new pipeline of business opportunities and revenues.
From a financial point of view, ASICs development contracts typically feature customer coverage of Non-Recurring Expenses corresponding to engineering development fees. From an industrial perspective, this initiative is particularly aligned with SEALSQ’s current project to build a Semiconductor Design and Personalization center, from which engineering resources will fuel the company’s upcoming ASICs activity.
About Post-Quantum microcontrollers
Post-quantum microcontrollers are being developed to integrate post-quantum cryptographic algorithms and security features. Key activities include research, integration of algorithms, adding hardware-based security features, standardization, deployment in various applications, and raising awareness about their importance. These microcontrollers aim to secure digital systems against potential threats posed by quantum computing technology.
About ASICs
ASICs are specialized integrated circuits designed to perform specific functions or tasks within a particular application domain. They offer advantages such as higher performance, lower power consumption, and reduced size and cost compared to alternative solutions like field-programmable gate arrays (FPGAs) or general-purpose microcontrollers.
Overall, the ASIC market is characterized by steady growth, driven by technological advancements and increasing demand for customized solutions across various industries.
- Market Size: The global application specific integrated circuit market size accounted for USD 17.99 billion in 2022 and is expected to hit around USD 35.89 billion by 2032, with a registered CAGR of 7.20% from 2023 to 2032.
- Application Areas: ASICs find applications in telecommunications, automotive, consumer electronics, industrial automation, and healthcare.
- Technology Trends: Advancements in process nodes and packaging technologies enable higher integration, improved performance, and lower power consumption, particularly for AI, IoT, and 5G applications.
- Emerging Markets: Demand is rising for low-power ASICs in IoT and sensor applications, as well as for ASICs used in ADAS, autonomous vehicles, and EVs in the automotive sector.
- Security Concerns: ASIC vendors are integrating hardware-based security features such as encryption and authentication to address cybersecurity threats, especially in IoT and cloud computing.
About SEALSQ:
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, Medical and Healthcare 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.
Forward-Looking Statements
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 the expected success of our technology strategy and solutions for IoMT Security for Medical and Healthcare sectors, SEALSQ's ability to implement its growth strategies, 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.
| SEALSQ Corp.
Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@sealsq.com | SEALSQ Investor Relations (US)
The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 / Email Contact Katie Murphy Tel: +212 836-9612 / Email Contact |
