SEALSQ and WISeKey: Expanding Post-Quantum Footprint in Saudi Arabia

In a strategic move to bolster its presence in the Middle East, SEALSQ Corp (NASDAQ: LAES), in collaboration with its parent company WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY), has announced a significant expansion of its post-quantum technology footprint in Saudi Arabia. Through their joint venture, WISeKey Arabia, in partnership with the Juffali Group, the companies aim to introduce cutting-edge solutions tailored to the Kingdom's unique needs, aligning with Vision 2030 objectives.

The collaboration focuses on providing state-of-the-art solutions, including Public Key Infrastructure (PKI), digital identity management, and IoT security, enhanced with SEALSQ's quantum-resistant cryptographic technologies. This initiative ensures a robust foundation for Saudi businesses and government entities to thrive in an increasingly digital world.

Gradual Deployment of Cutting-Edge Technologies
SEALSQ and WISeKey plan to gradually introduce innovative solutions to Saudi Arabia's technology landscape, including advancements in satellite communication and IoT security through the WISeSat.Space ecosystem. WISeSat.Space, WISeKey's pioneering low-power, secure satellite solution, enables real-time data processing for IoT devices in remote locations. The system is designed to provide:

* End-to-End Security: Utilizing quantum-resistant encryption to protect critical IoT data.
* Cost-Efficiency: Reducing the barriers to satellite communication for businesses and government projects.
* Scalability: Supporting diverse applications, including environmental monitoring, smart cities, and supply chain optimization.

WISeSat.Space's integration into the Saudi market represents a strategic step in equipping local industries with the tools needed to excel in the Fourth Industrial Revolution.

Partnership with Hedera and The Hashgraph Association
In addition to WISeSat.Space's deployment, SEALSQ and WISeKey are collaborating with Hedera, leveraging its enterprise-grade distributed ledger for blockchain-based applications. These efforts align with The Hashgraph Association's five-year partnership with the Saudi Ministry of Investment Association, which includes the launch of the $250M DeepTech Venture Studio. The DeepTech Venture Studio is designed to support startups operating within Saudi Arabia in areas such as blockchain, AI, IoT, robotics, and quantum computing. Funded with $50M from The Hashgraph Association and $200M from the Saudi Ministry of Investment Association, the DeepTech Venture Studio provides significant opportunities for Saudi-based companies leveraging Hedera's hashgraph network.

WISeKey Arabia will serve as a trusted technology partner, empowering startups with secure and scalable solutions.

Aligning with Vision 2030
SEALSQ and WISeKey's plans align with Saudi Arabia's Vision 2030, which emphasizes innovation, digital transformation, and economic diversification. The partnership supports key national initiatives, including the Centre for the Fourth Industrial Revolution (C4IR) Saudi Arabia and the Quantum Economy project, ensuring that the Kingdom remains a global leader in advanced technologies.

The expansion carries significant revenue potential through multiple channels. First, the DeepTech Venture Studio partnership provides access to a $250M funding ecosystem, potentially generating recurring revenue through technology licensing and implementation services. Second, the WISeSat.Space deployment opens up opportunities in the rapidly growing satellite IoT market, estimated to reach $5.9B by 2025. Third, the collaboration with Hedera adds another layer of value, as blockchain integration becomes important for Saudi's digital infrastructure projects. The backing of the Saudi Ministry of Investment with $200M significantly de-risks the venture and suggests strong potential for government contracts.

While initial revenue impact may be gradual, the strategic positioning in Saudi Arabia's tech transformation journey could drive substantial long-term growth for SEALSQ and WISeKey. As the Kingdom continues to invest in digital infrastructure and advanced technologies, the demand for secure, innovative solutions will only increase, positioning the companies well to capitalize on these trends.