IoT - The SiLLC Assembly

WISeKey successfully launched its First IoT Picosatellites WISeSat–1 and WISeSat–2 on January 13th with SpaceX Transporter 3 Rideshare Mission Aboard a Falcon 9 Vehicle

WISeKey successfully launched its First IoT Picosatellites WISeSat–1 and WISeSat–2 on January 13th with SpaceX Transporter 3 Rideshare Mission Aboard a Falcon 9 Vehicle

First customer project dedicated to smart agriculture and IoT to be deployed with EPRINSA, a Spanish state-owned I.T. company

These are the first units joining a constellation of 80 pico-satellites planned for 2022, and will allow to provide cost-effective and secure connectivity to large IoT ecosystems requiring a seamless data coverage anywhere on earth.

The launch recording can be viewed on https://www.spacex.com/launches/index.html

Geneva, Switzerland – January 13th, 2022: WISeKey International Holding Ltd (“WISeKey “) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI, Blockchain and IoT company, today announced the successful launch of its first IoT connectivity satellites aboard SpaceX transporter rideshare 3 mission.

With this launch, WISeKey is kickstarting WISeSAT, a brand-new-offering-satellite-based secure IoT connectivity-as-a-service. WISeSAT offers the satellite platform, launch, integration, ground station services and the all the security architecture and components, as part of a turnkey SaaS solution for low-power and secure space-based IoT connectivity. This reduces the complexity and cost of the communication link for the end customer and sets the benefits of space technology and embedded security within the reach of every IoT business.

Miniaturization enables cost reduction to a level that positions the WISeSAT offering, as a competitive solution, even compared to traditional ground-based connectivity like NBIoT networks. Thus, any company could virtually afford such dedicated satellites to provide connectivity to any size of ecosystems.

Indeed, a first customer project dedicated to smart agriculture and IoT is already on its way with EPRINSA, a Spanish state-owned I.T. company. Six provinces of Spain have been involved in the project and are considering using the WISeSAT constellation for data acquisition of hundreds of thousands of sensors located in territories not normally covered by traditional ground-based networks.

The satellites have been designed and developed in partnership with FOSSA Systems, a leading aerospace company focused on developing picosatellites for IoT communications. Both, WISeSat-1 and WISeSat-2, will be managed from the ground by the recently installed control station. based in La Línea de la Concepcion, Spain, as announced in December 2021, by the two companies.

Satellites, nodes and sensors, all feature hardware security by design, incorporating a VaultIC® 4XX secure element, providing FIPS 140-2 level 3 and Common Criteria EAL 5+ Certification. The secure element, provisioned with a trusted identity using WISeKey’s VaultITrust to secure provisioning services, enables authentication of the sensor and data encryption, under the framework of a PKI-based security architecture. Additionally, WISeKey’s Certificate Lifecycle Management services (INeS), can provide the user interface and automation features to handle onboarding, commissioning and lifecycle management of the devices and sensors. This complete, device-to-cloud, state-of-the-art suite of services in IoT security architecture, can only be currently found at WISeKey as a standalone one-piece vertical solution.

WISeKey and FOSSA Systems are also working on the development of secure nodes and gateways with VaultIC® microcontrollers, creating a full ecosystem of secure devices, able to communicate with WISeSat, using standardized communication modules.

“This technology, which WISeKey intends to offer to its IoT clients in a SaaS model, creates another revenue stream for the Company. By using this technology, companies seeking to securely connect their assets, would be able to have both remote and redundant urban IoT communications and at the same time, have the ability of covering large and unserved geographic areas such as maritime, deserts, and mountains, at an affordable cost,” said Carlos Moreira, CEO of WISeKey.

About WISeKey
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 install 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…). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to 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 contact:

WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com

WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@equityny.com

Disclaimer:
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 because 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.

About FOSSA Systems:

FOSSA Systems is a leading aerospace company that provides dedicated and secure IoT communications to companies and Defense networks, with assets in remote areas, through satellite platforms. Founded in 2020 by Julián Fernández, CEO, and Vicente González, CTO, with the aim of democratizing access to space, it combines technological miniaturization with mass production techniques, reducing the development cost of its platforms and, consequently, the cost of its connectivity.

In its objective of offering IoT communications globally, even in remote areas or with low or no mobile coverage at all, FOSSA Systems provides competitive connectivity solutions to companies in sectors such as agriculture, industrial, energy, infrastructure, communications or Defense and cybersecurity. This IoT connectivity allows monitor assets and control processes, enabling to make the best decisions to optimize results. For more information, visit www.fossa.systems

Press and investor contacts:
FOSSA Systems, S.L.
Company Contact: Elena Vélaz de Medrano Serrano
Marketing & Sales Manager
Tel: +34 648 606 989
contact@fossa.systems

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

WISeKey Makes a Strategic Investment in FOSSA Systems and Develops an IoT WISeSAT.Space with First Space Launch Due in Q4 2021 / Q1 2022

WISeKey Makes a Strategic Investment in FOSSA Systems and Develops an IoT WISeSAT.Space with First Space Launch Due in Q4 2021 / Q1 2022

The strategic investment will serve to develop a WISeSAT PocketQube Satellite and enable secure connectivity for all IoT sectors (aggrotech, autonomous vehicles, EVs, smart cities, drones, robots, smart lighting, servers, computers, climate change monitoring, crypto tokens, etc.)

Geneva, Switzerland – March 11, 2021: WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a Swiss-based cybersecurity, AI, and IoT company, today announced the acquisition of a minority interest in FOSSA Systems, a Spain-based leading aerospace company focused on developing picosatellites for Low Earth Orbit (LEO) services.

This strategic investment allows WISeKey to integrate FOSSA Systems into the WISeKey IoT platform connecting all IoT sectors through the development of a WISeSaT PocketQube Satellite. The WISeSaT.Satellite will be a security-IoT hardened FOSSASAT-2E satellite designed to further drive down satellite costs for the already-small Cubesat size.

WISeKey will offer 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 the 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 and now those to be connected with WISeSaT.Satellite. This platform is scalable to support environments for hundreds of millions of devices and sensors, and 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.

This solution can be used in multiple industrial applications to: optimize productivity across industries through predictive maintenance on equipment and machinery, create truly smart homes with connected appliances, and provide critical communication between devices including autonomous vehicles, self-driving cars and trucks and smart homes. The possibilities are endless.

Two initial dedicated demonstrator of WISeSaT.Satellite will be the first of a global constellation of to provide a high-performance with secure connectivity. WISeSAT utilizes the FOSSA PocketQube platform for dedicated constellations and low-cost in-orbit demonstration; this new competitive platform offers the fastest and easiest access to space on the market at disruptive costs.

Julian Fernandez, CEO of FOSSA Systems said, “We are pleased to be collaborating with WISeKey to initiate the development of a constellation of low-cost IoT satellites allowing all sort of IoT secure communications, a segment of satellite communications that has a huge growth potential.”

Carlos Moreira, CEO and Founder WISeKey said, “This strategic investment in and cooperation with FOSSA Systems brings WISeKey’s cybersecurity and trust technologies to the Space and reinforces interconnection with other elements of the WISeKey Ecosystem platform. We continue to provide our existing clients with innovative solutions and state-of-the-art technologies to secure identities, data, and objects and at the same time seek opportunities to enter new markets across the globe.”

About WISeKey

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 install base of over 1.5 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 edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Press and investor contacts:

WISeKey International Holding Ltd Company Contact: Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@wisekey.com

WISeKey Investor Relations (US) Contact: Lena Cati The Equity Group Inc. Tel: +1 212 836-9611 lcati@equityny.com

Disclaimer: 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.

About FOSSA Systems

FOSSA Systems is an aerospace company developing picosatellites as a vertically integrated service (satellites <1kg) for LEO. The company offers complete in-house solutions, from design to launch and operations. FOSSA Systems provides satellite systems, launch services, satellite services and offers consulting for their respective development.

FOSSA Systems has developed a standardized picosatellite platform (satellite with a mass less than 1 kg) standardized by combining technological miniaturization with mass production techniques. Our goal is to offer a reference platform for institutions or companies looking to launch their payload into space reliably and quickly, while lowering the barrier to entry and expanding the market customer base. FOSSA Systems is a company that has proven its position in the market through its disruptive technology.

FOSSA Systems, since 2019, has proven flight heritage in space through decoded packets, thanks to our FOSSASAT-1 mission in 2019. Our product offers flexibility and agility never before seen in the market, through the constant evolution and innovation of our satellite platforms.

For more information visit http://Fossa.Systems

Press and investor contacts:

FOSSA SYSTEMS S.L.
Company Contact: Julian Fernandez
Director & CEO
julian@fossa.systems

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WISeKey Acquires 51% of arago’s Share Capital and Signs a Binding Term Sheet to Acquire the 49% Remaining Minority Interest; the Combined Company Becomes a Leader in the Cybersecurity AI-Powered Knowledge Automation Market

WISeKey Acquires 51% of arago’s Share Capital and Signs a Binding Term Sheet to Acquire the 49% Remaining Minority Interest; the Combined Company Becomes a Leader in the Cybersecurity AI-Powered Knowledge Automation Market

Obtains Shareholders’ Approval on All Agenda Items of the Extraordinary General Meeting

Zug, Switzerland – February 01, 2021 – WISeKey International Holding Ltd (“WISeKey” or “Company”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company, announced today that its shareholders approved all items on the agenda of the 2021 Extraordinary General Meeting held at the offices of law firm Homburger AG, in Zurich, Switzerland, on January 28, 2021, thereby allowing the Company to move forward, in 2021, with its plan to fully acquire arago GmbH (“arago”).

Thus, following the shareholders’ approval, WISeKey will acquire a controlling 51% share of arago’s capital on or about February 01, 2021. Previous transactions involving shares in arago have determined arago’s net value at around CHF 100 million.

This strategic acquisition reinforces the WISeKey Platform as arago has a large and recurring customer base and its licensing revenue model is expected to bring significant revenue synergies and strengthen WISeKey’s position in the fast-growing Artificial Intelligence of Things (“AIoT”) market. Knowledge Automation and Data platform HIRO™, developed by arago, takes a unique approach to process automation by using AI to autonomously and independently determine how to complete and then automate end-to-end tasks based on real time contextual data. Fully auditable and only using steps defined and approved by the customer, Knowledge Automation delivers significantly higher automation rates at a much lower operational cost.

Shareholders of WISeKey approved all proposals submitted by the Board as follows:

§ The election of Mr. Hans-Christian Boos, arago’s Managing Director and Founder, as a new member of WISeKey’s Board of Directors. Mr. Boos’ strategic input on the AIoT industry will be extremely helpful in completing the business combination of WISeKey and arago and supporting WISeKey in building a strong, integrated, Cybersecure Automation business model.

The creation of a special authorized share capital for the issuance of up to 12,327,506 new registered shares, par value CHF 0.05 each (“Class B Shares“), to Mr. Boos, arago’s sole shareholder apart from WISeKey, or companies controlled by him, in exchange for all arago shares directly or indirectly held by Mr. Boos.

Per the binding agreement for the acquisition of arago’s remaining minority interest, the combination of the businesses of WISeKey and arago will be completed through the issuance of WISeKey Class B Shares to arago’s remaining minority shareholder against contribution to WISeKey of all arago shares not yet held by WISeKey. The Board of Directors would only make use of its authority if binding agreements are executed and all conditions precedent to closing are satisfied.

An increase of the Board of Directors’ general authority to issue shares out of authorized share capital, in addition to the above-mentioned special authorized share capital for arago’s sole shareholder. The Board of Directors does not currently have specific plans to issue new shares under the proposed general authorization. The Board of Directors believes, however, that providing the flexibility to issue shares quickly strategically benefits the Company and funds any integration costs deriving from the combination of WISeKey and arago.
An increase of the Company’s conditional share capital for the issuance of Class B Shares in connection with convertible, exchangeable or exercisable bonds or similar financial instruments and for the issuance of Class B Shares to employees, members of its Board of Directors, consultants and other persons providing services to the Company or one of its group companies under the Company’s existing stock option plan.

The increase in the conditional share capital relating to convertible, exchangeable or exercisable bonds or similar financial instruments is a continuation of the Company’s practice to seek third party equity-linked financing. In the transition and integration period that will follow the acquisition of arago, the Company is likely to require additional external financing to fund integration costs. The ability to issue shares quickly is of strategic importance to negotiate financing facilities.

The creation of a conditional share capital on the basis of which the Company would have authority to issue registered shares, par value CHF 0.01, i.e. the Company’s shares not listed on the SIX Swiss Exchange (“Class A Shares“), to members of its Board of Directors and executive management under a new “Class A Share WISeKey Stock Option Plan.” The Board of Directors believes that issuing Class A Shares, which are non-tradeable, will be beneficial to the Company, as it will require directors and executive management members to focus on the long-term strategy and development of the Company.

Carlos Moreira, Founder, Chairman of the Board and CEO of WISeKey, stated: “I would like to thank our valued shareholders for their continued support and the confidence they have placed in us. I trust that the acquisition of arago and the election of Chris to our Board of Directors will allow a quick and efficient combination of our businesses and reinforce our position in the emerging Cybersecure Automation for the AIoT market.”

Hans-Christian Boos, arago’s Managing Director and Founder, and newly-elected member of WISeKey’s Board of Directors, stated: “I am delighted to join WISeKey’s Board and closely work with the team to unlock the significant potentials of Cybersecure Automation following the combination of our businesses. I believe that, together, we will build a broader and stronger foundation for future growth in the AIoT market.”

Peter Ward, member of the Board and CFO of WISeKey, stated: “The combination of WISeKey and arago should fuel revenue growth of the WISeKey group and help us attain higher gross margins. We will dedicate the next few months to the integration of the two businesses in order to rationalize our cost base. This will be a resource-intensive exercise but is essential for our goal to increase profitability.”

About arago:

arago GmbH, Frankfurt am Main (AG Frankfurt, HRB 100909), is a German technology private company which aim is to provide the benefits of Artificial Intelligence to enterprise customers globally through Knowledge Automation. Founded in 1995, the company develops and uses modern technologies such as inference and machine learning in order to automatically operate any business process.

About WISeKey:
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 install base of over 1.5 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 edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Press and investor contacts:

WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com

WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@equityny.com

Disclaimer:
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 the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA, or within the meaning of any other securities regulation. 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.

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