24/7 Market News Snapshot 20 December, 2024 – SEALSQ Corp Ordinary Shares (NASDAQ:LAES)

December 20, 2024

DENVER, Colo., 20 December, 2024 (247marketnews.com) – (NASDAQ:LAES) are discussed in this article.
The market is witnessing significant activity surrounding SealsQ Corp (LAES), with its ordinary shares priced at $2.375, reflecting a remarkable uptick of 18.16% from the previous close of $2.010 during pre-market trading. This surge is indicative of heightened investor interest, supported by a trading volume of 8.82 million shares. Technical indicators suggest that the stock may experience continued upward momentum, with a critical resistance level identified at $2.40. Investors are encouraged to monitor volume trends closely, as sustained increases may signal a definitive bullish trend, particularly with support established around $2.00.

On another front, SEALSQ is making waves with the integration of its cutting-edge post-quantum cryptographic chips into WISeSat satellites. This strategic collaboration aims to enhance satellite IoT connectivity by addressing the growing cybersecurity challenges presented by advancements in quantum computing. By transforming data into light particles for secure transmission, SEALSQ is poised to revolutionize satellite communications, ensuring integrity and security between satellites and ground stations.

Historically vulnerable to cyber threats, satellite communications stand to benefit greatly from SEALSQ’s technology, which adheres to rigorous post-quantum cryptography standards, providing vital protection for sensitive information. The partnership with WISeSat focuses on expanding low-earth orbit connectivity, facilitating global outreach for IoT devices and benefiting remote regions. With plans for dozens of additional satellite launches following the 17 already deployed, the companies are setting the groundwork for a robust quantum-secure communications network, with the next launch scheduled for January 14, 2025.

Together, SEALSQ and WISeSat are shaping the future of secure satellite communications, ensuring resilience in an increasingly complex digital landscape driven by the rise of quantum technology.

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