24/7 Market News Snapshot 18 November, 2024 – SEALSQ Corp Ordinary Shares (NASDAQ:LAES)

November 18, 2024

DENVER, Colo., 18 November, 2024 (247marketnews.com) – (NASDAQ:LAES) are discussed in this article.
SEALSQ Corp, a key player in the realm of post-quantum technology, is making headlines with a significant rise in its stock price and an important strategic collaboration aimed at enhancing its market position. Today, SEALSQ Corp Ordinary Shares (LAES) opened at $0.439 and have surged to $0.508, reflecting an impressive increase of 32.98% following yesterday’s close at $0.382. The robust trading volume of 5.04 million shares points to heightened investor interest and optimism in the company’s prospects.

In parallel with this momentum in the stock market, SEALSQ has announced a strengthened strategic alliance with its parent company, WISeKey International Holding Ltd., a leader in cybersecurity and digital identity solutions. This collaboration is designed to accelerate innovation within the digital ecosystem, particularly in the realms of secure connectivity and post-quantum cryptography, addressing the rising demands of the Internet of Things (IoT).

As part of this partnership, SEALSQ plans to leverage its advanced semiconductor capabilities along with WISeKey’s established cybersecurity technologies. The integration of SEALSQ’s cutting-edge post-quantum cryptographic chips, which are currently in advanced testing, with WISeKey’s digital identity frameworks is anticipated to revolutionize secure device interaction.

Carlos Moreira, Founder and CEO of WISeKey, emphasized the importance of this collaboration, stating it positions both companies at the forefront of innovation to tackle the security challenges posed by the quantum era. The alliance will focus on transformative verticals, including semiconductors, satellite connectivity, and blockchain technology, all aimed at creating a secure, resilient, and future-oriented digital landscape.

With the upcoming beta release of WISeKey’s SEALCOIN platform, expected in the first quarter of 2025, the partnership signifies a commitment to redefining operational standards in security and connectivity within evolving IoT ecosystems. Overall, SEALSQ and WISeKey are establishing a significant footprint in the technological landscape of cybersecurity and connectivity, driving forward advancements essential for a secure digital future.

Related news for (LAES)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.