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WISeKey International Holding Ltd. ("WISeKey") ((SIX: WIHN, NASDAQ:WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, today announced that its subsidiary WISeSat.Space ("Company") is at the forefront of utilizing low-orbit satellites for secure IoT connectivity and climate change monitoring with upcoming developments. Planned developments include the launch of a new generation of satellites, installation of a satellite antenna in Switzerland, development of a neutral satellite constellation from Europe, and collaboration with the Swiss Army.
In Q4 2024, WISeSat.Space is set to launch a new generation of satellites from California. This launch will mark a significant milestone in the Company's efforts to expand its satellite constellation, further enhancing its ability to provide global IoT connectivity and environmental monitoring. The new generation of satellites are expected to offer improved performance and capabilities, supporting a wide range of applications from climate change monitoring to disaster management and smart agriculture.
In the same quarter, WISeSat.Space plans to install a satellite antenna in Switzerland. This installation will enable the monitoring and management of its satellite constellation, ensuring optimal performance and reliability of its IoT connectivity solutions. This development underscores WISeSat.Space's commitment to maintaining robust and secure satellite operations.
The Company is also currently developing a constellation of 88 additional low-orbit satellites to optimize global coverage for IoT devices and an enhanced WISeSat satellite, planned for launch in Q3 2024. This upgraded satellite will incorporate SEALSQ Corp. ("SEALSQ") (NASDAQ:LAES) semiconductor technology and WISeKey cryptographic keys, designed to boost performance in space and communication capabilities. To date, the Company has successfully launched 17 low-orbit satellites in cooperation with FOSSA Systems, primarily aboard SpaceX Transporter Rideshare missions.
An important aspect of WISeSat.Space's initiative is the development of a dependent and neutral satellite constellation from Europe. Having a European-based satellite constellation is crucial for several reasons. Firstly, it ensures data sovereignty and reduces reliance on non-European entities for critical data and services. This autonomy is essential for maintaining control over data security and privacy. Secondly, a neutral European constellation can facilitate international cooperation and trust, as it is perceived as unbiased and not tied to any geopolitical agendas. Lastly, it promotes technological independence and innovation within Europe, driving economic growth and creating high-tech jobs. This European-centric approach aligns with broader strategic goals of enhancing the region's competitiveness and resilience in the global space sector.
WISeSat.Space has also established a partnership with the Swiss Army, which underscores the strategic importance of its satellite initiatives. This collaboration involves leveraging WISeSat.Space's secure IoT connectivity solutions to enhance the Swiss Army's operational capabilities. By integrating satellite-based communication systems, the Swiss Army can improve its situational awareness, logistics, and disaster response efforts. This partnership not only strengthens national security but also exemplifies the critical role of space technology in modern defense strategies.
