WISeKey and Turing Cryptography Sign Strategic Partnership to Jointly Commercialize Trust Services

WISeKey and Turing Cryptography Sign Strategic Partnership to Jointly Commercialize Trust Services

Geneva – February 3, 2021 – WISeKey International Holding (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity and IoT company, signed a strategic partnership agreement with Turing Crypto GmbH (“Turing Cryptography”), an AI powered security company based in Berlin, Germany, with a strong footprint in Asia, North America, and Europe. Turing Cryptography is a subsidiary of CrossCert, Inc. (“CrossCert” KOSDAQ: 041460), the only Global Certification Authority in South Korea.

As per the terms of this agreement, WISeKey and Turing Cryptography will join forces to roll out a full suite of SSL/TLS services in the Asia-Pacific region secured by the OISTE/WISeKey Root of Trust.

The overarching objective of the partnership is to generate synergies by launching new and innovative cryptographic security solutions in the Asia Pacific region and other markets.  During phase one of this partnership, both partners have agreed to roll out SSL/TSL products in the Asia Pacific region. In subsequent phases, partners aim to expand the cooperation by offering complementary solutions, including Turing Cryptography’s leading FIDO biometric authentication software (with over one billion transactions to-date) and WISeKey’s end-to-end AIoT platform.  Future synergies are expected to include joint offerings in the area of AI powered security solutions, where both companies possess core competencies.

 “We are excited to form this strategic partnership with WISeKey. Located in geographically neutral Switzerland, and with its innovative and independent OISTE WISeKey Cryptographic Root of Trust, WISeKey is the ideal partner to expand our product portfolio in the Asia Pacific region. With over 20 years of experience offering internet security services in the region, we are confident that the new trust services we will bring to the region through this partnership will provide best value to customers,” commented Ricky Wong, Executive Vice President at Turing Crypto GmbH and former VeriSign APAC sales director.

“The CrossCert Group and WISeKey share the same business and technology DNA which is the core aspect of our strategic partnership.  We have already jointly identified potential customers in the region that can benefit from strategic partnership and our combined offerings for the IoT supported by secure microprocessors and AI algorithms. This partnership offers cutting-edge security solutions much needed in the region and should generate new revenue opportunities for both our companies,” said Carlos Moreno, VP of Corporate Alliances & Partnerships at 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 1.5 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.

About Turing Cryptography

Turing Crypto GmbH (AG Charlottenburg, Berlin, HRB 196097 B) is an AI powered security company based in Berlin, Germany. The company offers geographically neutral and price competitive trust services to secure customer’s website identity. Turing Crypto is a subsidiary of CrossCert, Inc. (KOSDAQ: 041460), a publicly listed company and the only Global Certification Authority in Korea. As the market leader in premium SSL/TLS certificates in Asia Pacific, the company also offers a wide range of cybersecurity and authentication solutions. Together with its affiliate AIBrain Inc., a leading AI technology company based in Silicon Valley, Turing Cryptography is developing next-generation security solutions powered by Artificial Intelligence. For more information about Turing Cryptography, visit www.unitrust.co. For more information about CrossCert, visit global.crosscert.com. For more information about AIBrain, visit www.aibrain.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

Turing Crypto GmbH
Company Contact: Ricky Wong
Executive Vice President
Tel: +852 9038 4574
Email ricky.wong@turingcrypto.net

Business contact from Turing Crypto GmbH
Contact: Soeren Maerki
Director, Global Business Division
Tel: +82 10 5505 3855
Email s.maerki@turingcrypto.net

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.

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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 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.

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.

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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’s WIShelter App Now Includes a Messaging Service Allowing Secure Mobile Communications Between Authenticated and Trusted Users

 

WISeKey’s WIShelter App Now Includes a Messaging Service Allowing Secure Mobile Communications Between Authenticated and Trusted Users

Reacting to the outrage and growing mistrust among the users of messaging apps, WISeKey is making available its digital identity technology to other messaging systems.

WIShelter app offers secure messaging services plus related functions, including end-to-end encrypted voice calls, file and picture sharing.

WIShelter has easy-to-use features similar to other well-known messaging apps but offers authentication and trust.

Google: https://play.google.com/store/apps/details?id=com.wisekey.wisehomesafe&hl=en_CA

Apple: https://apps.apple.com/us/app/wishelter/id1503693323

Geneva – January 11, 2020 – WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN / Nasdaq: WKEY), a leading cybersecurity, AI and IoT company, today announced that its WIShelter platform now includes a secured messaging system of communication between authenticated users.

Over the years, there have been many debates related to user privacy issues and how messaging apps that use advertising as revenue model are handling these concerns. The recent events where some messaging service providers shared users’ private information without their consent and knowledge have highlighted that breach of trust remains a major issue for all, and should make us more aware of the importance of data privacy. Reacting to the outrage and growing mistrust among the users of these messaging service providers, WISeKey is making available its secured digital identity technology to the service of messaging systems.  Easy to install and operate on any mobile, WIShelter messaging offers the same functionality and usability as most popular messaging apps.

WIShelter app uses digital identity secured by WISeKey, and allows its users to geo-localize other certified users and stablish secure communications between them using end-to-end encryption. To ensure data privacy, each user’s Personal Identifiable Information (PKI) is kept encrypted, never disclosed without the user’s consent, and offers secure messaging services plus related functions, including end-to-end encrypted voice calls and file and picture sharing. It is just as easy-to-use as other well-known messaging apps but the added value of WIShelter is authentication and trust.

Data gathered by the WIShelter app is only stored on the mobile phone of the users and is never data mined or used for advertisement. Its messaging service includes security functionalities that can remediate threats like phishing, ransomware or identity theft.

Strong authentication is a mechanism able to enhance security by complementing the traditional username/password access to online services with additional security factors, like biometry, hardware tokens and one-time-passwords. Additionally, the new messaging option allows confidential messages to be exchanged encrypted, and to affix a “digital signature” to the outgoing message, ensuring the recipient that the message comes from a genuine person and that has not been manipulated during transit.  New contacts on WIShelter can be added by scanning a contact QR code directly from the other user’s WIShelter app (this is the fastest and most secure way) or by importing contacts directly from the phone or from other social network messaging services.

The app is on BETA 2.0 version and will include substantial improvements in the near future, including user’s feedback and enhanced security and authentication technologies. The app is provided at no cost for the users by the OISTE Foundation.  Founded in Switzerland in 1998, OISTE was created with the objectives of promoting the use and adoption of international standards to secure electronic transactions, expand the use of digital certification and ensure the interoperability of certification authorities’ e-transaction systems. The OISTE Foundation is a non-profit organization based in Geneva, Switzerland, regulated by article 80 et seq. of the Swiss Civil Code. OISTE is an organization in special consultative status with the Economic and Social Council of the United Nations (ECOSOC) and belongs to the Not-for-Profit constituency (NPOC) of the ICANN.  For more  information visit: https://www.oiste.org.

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 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.

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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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