WISeKey Unveils Significant Expansion of WISeSat.Space 2024 Strategy

Geneva, Switzerland , Feb. 08, 2024 (GLOBE NEWSWIRE) -- For more information, visit: www.youtube.com/watch?v=T3ClseV4Igg

WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, today unveiled a significant expansion of its WISeSat.Space strategy for 2024. WISeSat.Space is a subsidiary of WISeKey, revolutionizing IoT connectivity with the first cost-effective and secure solution, leveraging picosatellites and low-power sensors to provide unparalleled IoT connectivity across the globe.

The strategic expansion includes the scheduled launch of new satellites in the fourth quarter of 2024, alongside the introduction of groundbreaking technology aboard its latest generation of Low Earth Orbit (LEO) satellites. This initiative is designed to meet the extensive IoT deployment needs across various sectors, including Smart Farming, Energy, and Logistics, ensuring reliable and secure data transmission anywhere on Earth.

To date, seventeen satellites equipped with WISeSat technology have been launched into orbit aboard SpaceX rockets, marking the initial phase of a visionary plan to deploy an 80-satellite constellation. This network aspires to provide comprehensive global IoT connectivity with an impressive data latency goal of just 10 hours.

In anticipation of the emerging quantum computing era, WISeSat.Space is proactively enhancing its security measures. The company is pioneering the adoption of post-quantum cryptographic solutions and devices provided by SEALSQ, WISeKey’s semiconductor subsidiary, thereby establishing new benchmarks for secure multi-factor authentication and the protection of critical data exchanges in the quantum future.

Geostationary (“GEO”) satellites have long provided Internet access to remote regions, with a few satellites covering the globe due to their large size and stationary position relative to Earth. Despite their global reach and simple ground antenna setup, GEO satellites suffer from high latency, over 600 milliseconds, making them unsuitable for modern applications like real-time video, gaming, and virtual reality due to the long distance (36,000 km) signals must travel to and from Earth.