WISeKey signs a $15.5 million high growth capital investment agreement with Alpha Blue Ocean to finance the acquisition of arago and integration of Artificial Intelligence on its Cybersecurity platform

 

WISeKey signs a $15.5 million high growth capital investment agreement with Alpha Blue Ocean to finance the acquisition of arago and integration of Artificial Intelligence on its Cybersecurity platform

 

Zug, Switzerland – December 8, 2020 – WISeKey International Holding Ltd (“WISeKey” or “Company”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI and IoT company, announced today that it has entered into an Agreement for the Issuance and Subscription of Convertible Notes (“Agreement”) with Alpha Blue Ocean to finance the acquisition of arago and integration of Artificial Intelligence on its Cybersecurity platform.

Financing is provided by Alpha Blue Ocean, a dynamic family office with the mission of revolutionizing the financial industry by offering innovative and tailored investments adapted to risk, in the form of convertible notes whereby Alpha Blue Ocean is committed to subscribe up to a maximum of $15.5 million subject to certain conditions over a period of 18 months. Pursuant to the terms of the Agreement, the principal amount of each such loan is repayable by way of conversion into Class B shares, par value CHF 0.05 each, of WISeKey (the “Class B Shares”).

The conversion price is determined by reference to the average of the lowest 5 trading day volume weighted average prices of Class B Shares on the SIX Swiss Exchange over the 20 trading days immediately preceding the conversion. The convertible note facility will be used to finance the acquisition of arago and integration of Artificial Intelligence on its Cybersecurity Platform and may be drawn in tranches depending on the operational and integration corporate requirements. As consideration for Alpha Blue Ocean’s financing commitment, WISeKey has, among other things, issued warrants in a number equal to 15% of the relevant tranches of the loans issued under the agreement at an exercise price of 120% of the prevailing share price before a subscription request by WISeKey, but in any event not lower than CHF 1.50.

“The agreement provides WISeKey access to flexible financing at a reasonable cost during the current COVID-19 crisis and under current market conditions will allow the Company to fully acquire arago and reinforce its technological offering, increase its revenue and market share,” says Carlos Moreira, Founder and CEO of WISeKey.

“We are excited to invest in WISeKey which we consider an emerging leader in the rapidly expanding market of Artificial Intelligence & Cybersecurity. We believe the acquisition of arago will foster strategic synergies alongside its cyber security and loT solutions. We are proud to partner up with Wisekey by financing this transaction,” adds Pierre Vannineuse, CEO of Alpha Blue Ocean.

About Alpha Blue Ocean:
Created in 2017 by Pierre Vannineuse, Hugo Pingray and Amaury Mamou-Mani, Alpha Blue Ocean is a young and dynamic family office with the mission of revolutionizing the financial industry by offering innovative and tailored investments adapted to risk.

Alpha Blue Ocean operates through a direct, rational and efficient approach in providing alternative financing solutions through PIPE (Private Investments in Public Equities) deals. ABO has made notable investments in companies such as AB Science (AB:FP), Erytech (ERYP:US), Intrasense (ALINS:FP), and DBT Group (ALDBT:FP), among others.

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.

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 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.

The securities offered will not be, and have not been, registered under the United States of America Securities Act of 1933, as amended, and may not be offered or sold in the United States of America, absent registration or an applicable exemption from the registration requirements of said Act.

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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 Establishes First-of-its-Kind Artificial Intelligent of Things (AIoT) Laboratory in France

 

WISeKey Establishes First-of-its-Kind Artificial Intelligent of Things (AIoT) Laboratory in France

The WISeKey Lab, located in Meyreuil, PROVENCE-ALPES-COTE D’AZUR France, integrates AI, IoT and Cybersecurity to test and verify current state of security of the ever-increasing number of IoT networked devices

ZUG, Switzerland & GENEVA & Meyreuil, France –  September 21, 2020 – WISeKey International Holding (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity IoT company has announced the establishment of an Artificial Intelligent of Things (AIoT) laboratory (‘the WISeKey Lab’) in France with 30 dedicated employees. The WISeKey Lab blends AI, IoT and Cybersecurity to test and verify the current state of IoT security of networked devices.

 

The WISeKey Lab is in compliance with the international ISO 27001 certification for information security and provides IoT discovery devices on and off the network using Digital Identification and AI to continuously analyze endpoint IoT behavior aiming to identify cyber risks, protect critical information and systems and quarantine suspicious or malicious devices. The WISeKey Lab uses AI based automation that shift the focus of companies from simply managing their current IoT operations to innovation and technological advancement and help engineers solve their unique IoT challenges in automotive, communications, computing, consumer, industrial, medical, aerospace and defense applications.

“The WISeKey Lab will utilize our 30 years of extensive experience in designing hardware and software which are able to resist cyberattacks and in compliance with the most stringent certification standards.  We always had in our DNA a holistic approach of the system: from its architecture, to design, manufacturing through a very complex supply chain, up to integration and deployment in the field, as well as, provision of credentials. We believe that each step plays a significant role in the security of the final solution. This unique experience and expertise is what our customers will benefit from through our laboratory offerings,” said Bernard VIAN, Head of the WISeKey Lab. “Additionally, we are putting major efforts into building countermeasures to Deep-Learning attacks, which will be very valuable to brands deploying connected devices. The use of AI algorithms and predictive maintenance implemented through AIoT, through our partnership with arago has the ability to quickly provide our clients with valuable insights.”

The WISeKey Lab provides its customers with IoT security assessment and audit services including semiconductor design and encryption and source code, black box testing and penetration testing. WISeKey’s strategy to leverage its Lab via long-lasting relationships with strategic partners and startups working on AIoT and its derivatives, is designed to bring a stream of high-profile clients that are in high demand for IoT cybersecurity solutions, such as AI, digital identity and privacy, secure mobile communication, secure cloud computing, IoT, secure semi-conductors and other innovative technologies offered by WISeKey.

WISekey AIoT integrates semiconductors, smart sensors, IoT systems, AI and a data cloud to deliver to customers a unique offering to power innovation and digital transformation. Using WISeKey’s cybersecurity technology and IoT network, data will be collected in HIRO (arago’s AI based Knowledge Automation and Data platform) where it can be processed and through automation acted upon in real time in a highly secure environment.

AIoT is the brain that will power the nervous system of the network of IoT objects operating in the WISeKey ecosystem, which currently connects over 1.6 billion IoT devices secured with WISeKey’s VaultIC. With the introduction of 5G, the ecosystem will continue to grow at a much faster rate as 5G will enable the connection of every object, person, and machine. AIoT will embed AI into the core infrastructure components of the ecosystem including RoT, semiconductors, and edge computing. Specialized APIs are then used to provide interoperability between components at the device, software and platform level to optimize system and network operations.  Data processed through AIoT is then collected and made accessible to extract value and enhance market intelligence and knowledge for customers.  AIoT also enables secure automation of actions and business decisions based on real time data and enables IoT to work independently with minimal human support, unlike the current state of the market which requires that all actions be coded in advance based on pre-defined scenarios.  With the use of AI algorithms and predictive maintenance implemented through AIoT, IoT devices will have the capability to dynamically determine actions to take decisions and self-program based on analytics and customer defined knowledge, resulting in lower operating and maintenance costs for providers.

The value of adding AI to the WISeKey platform is its ability to quickly bring insights from data. Machine learning, an AI technology, brings the ability to automatically identify patterns and detect anomalies in the data that smart sensors and devices gather such as temperature, pressure, humidity, air quality, vibration, and sound.

About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN, NASDAQ: WKEY) 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.
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 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.
The securities offered will not be, and have not been, registered under the United States of America Securities Act of 1933, as amended, and may not be offered or sold in the United States of America, absent registration or an applicable exemption from the registration requirements of said Act.

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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 & iStorage Team Up to Secure Your Digital Life

 

WISeKey & iStorage Team Up to Secure Your Digital Life

The COVID-19 pandemic has led to more and more employees working from home, thus spreading organizations’ sensitive data to unsecure places. The combination of WISeKey’s Common Criteria certified secure microprocessors and iStorage’s expertise to design certified secure data storage solutions will create safe digital environments for remote work.

Watch the WISeKey iStorage Times Square Nasdaq tower campaign

Geneva, Switzerland – London, United Kingdom – September 1, 2020: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company, and iStorage, the award-winning and trusted global leader of hardware encrypted data storage and cloud encryption devices, announced today they are partnering to design unique new solutions to protect sensitive data at rest or in transit and to offer ultimate security against hackers, detecting and responding to all forms of tampering.

According to a Gartner Research study published in April 2020, 74% of companies plan to permanently shift to more remote work post COVID-19. The risk of data loss surges among other cybersecurity issues when sensitive corporate data is stored out of the companies’ secure digital environment. This also raises a serious liability concern: who’s responsible in case of data loss? iStorage’s answer is to incorporate WISeKey’s best secure elements into robust data storage devices and secure both companies’ and employees’ digital lives.

For decades, WISeKey has been one of the very few recognized providers of hardware and software first-in-class digital security solutions for cybercrime protection, people and object identification and authentication. The company has been designing secure chips which are massively used in highly sensitive applications such as banking, national ID or PayTV.  Therefore, most of these chips are certified to Common Criteria EAL5+, one of the highest government grade security certifications.

iStorage shares the same independent security certification approach for its award-winning HDD/SSD (diskAshur® range), Flash drives (datAshur® range) and cloud encryption modules (cloudAshur®). For instance, some of these devices are certified by the U.S. National Institute of Standards and Technology (NIST) following FIPS 140-2 Level 3 standard, one of the strongest and globally recognized digital security levels. iStorage’s products are also included in the NATO Information Assurance Product Catalogue (NIACP) and certified to NATO Restricted Level. NCSC CPA and NLNCSA BSPA are other prestigious certifications received by iStorage.

“The new work behaviors induced from the global lockdown situation are generating new challenges to the companies’ IT organizations. The big question is how to bring corporate data security to the employees’ homes,” indicated Carlos Moreira, Founder and CEO of WISeKey. “iStorage and WISeKey together have decided to contribute and win this challenge providing certified data protection solutions to match the most stringent requirements.”

“Today, iStorage is proud to count among its clients many of the world’s largest corporations from a range of sectors, including the government, defense, police and healthcare sectors among others, who rely on our secure solutions to comply with regulations and directives, such as GDPR, HIPAA and CCPA,” comments iStorage CEO John Michael. “Our partnership with WISeKey will help address the data protection and cybersecurity challenges many are currently facing with increased remote work.”

To learn more about WISeKey and its security solutions, visit WISeKey.com.
For more information on iStorage’s data protection solutions, visit iStorage-uk.com.

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

iStorage Media Contact
Verena Franco
Marketing@istorage-uk.com
Tel: +44 (0) 20 8991 6260

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.

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.

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 iStorage

iStorage is the trusted global leader of award-winning PIN authenticated, hardware encrypted data storage and cloud encryption devices. We deliver the most innovative products to securely store and protect data to military specified encryption levels, safeguarding valuable business information whilst ensuring compliance to regulations and directives. Further information can be found on www.istorage-uk.com or by contacting info@istorage-uk.com / +44 (0)20 8991 6260.

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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.


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