SEALSQ Continues to Make Progress on Post-Quantum Engineering Roadmap and Leverages New Hardware Platform to Develop Custom Application Specific ICs (ASICs)

Geneva, Switzerland, April 30, 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 it has initiated the production phase of engineering samples of its new QS7001 quantum resistant hardware platform. Concurrently, the Company is leveraging on this design to develop custom ASICs for several large players in the market.   

As a result of the Company’s investments and focus on the QUASARs post-quantum project, the engineering team is progressing at a fast pace on the development roadmap. Following the completion of the design phase, the team has now moved on the next step, initiating production of the first engineering samples which are expected to be delivered to SEALSQ by its suppliers before year end.

The QS7001 RISC V quantum resistant platform will serve as the base for SEALSQ’s next generation Post Quantum Secure Microcontroller and TPM products: VaultIQ. The chips hardware will be compliant with the demanding Common Criteria EAL5+ certification level, while the firmware running CRYSTAL’s post-quantum algorithms “Kyber” and “Dilithium” will be NIST FIPS 140-3 certified.

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 an anticipated and significant pay-off from the customer to cover 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 as its engineering resources will fuel the Company’s upcoming ASICs activity.

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.