SEALSQ Getting Ready for the Arrival of Quantum Computers as Post-Quantum Cryptographic Algorithms and Semiconductors are the Front-Line of defense Against Adversarial Quantum Attacks

Geneva, Switzerland, Oct. 09, 2024 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ:LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today announced that it is positioning itself at the forefront of defense against adversarial quantum attacks with cutting-edge post-quantum cryptographic algorithms. As quantum-computing brings a paradigm shift in computational power by harnessing the principles of quantum mechanics, the need for enhanced security has never been greater.

To address these emerging challenges, the SEALSQ team — led by Nascimo Madieta, Guillaume Aymard, and Daniele Fronte — recently published their research titled "Memory Efficient Implementations of CRYSTALS-Kyber," developed in collaboration with Mines Saint-Etienne, a leading French university (see details here). This breakthrough paper introduces a memory-efficient software implementation of the Quantum-Resistant Algorithm CRYSTALS-Kyber, optimized for standard microcontrollers and embedded devices.

The implementation not only integrates seamlessly across various platforms but also reduces the memory footprint of CRYSTALS-Kyber execution to just 3KB, while maintaining exceptional performance. The approach consolidates all Kyber variants (Kyber-512, Kyber-768, Kyber-1024) into a unified codebase, aligning with NIST's FIPS-203 directive, and opens up new possibilities for enhancing implementation speed.

SEALSQ's commitment to developing post-quantum cryptographic solutions ensures that industries remain protected as we approach the quantum era. Our innovations provide a critical defense against the quantum threat, securing everything from financial transactions and personal data to sensitive business communications.

"We are proud to contribute to the advancement of post-quantum cryptography and lead the way in bringing quantum-resistant algorithms to secure semiconductor applications," said Carlos Moreira, CEO of SEALSQ. "Thanks to the commitment and expertise of our team, SEALSQ continues to develop the tools necessary for securing the digital world in the quantum-computing era."

Quantum-computing's unique approach, grounded in the principles of quantum physics, promises to unlock unprecedented computational capabilities. This technology is set to revolutionize industries, from drug research, energy management, and cybersecurity to artificial intelligence, autonomous vehicle navigation, and financial modeling. As the quantum-computing market is expected to reach $50 billion by the end of this decade, it is clear that organizations must act now to limit their exposure to future threats.

Global technology giants such as Amazon, IBM, Google, and Microsoft have already launched commercial quantum-computing cloud services, underscoring the rapid advancements in this field. However, quantum-computing also introduces risks. Quantum-computers have the potential to break current encryption methods with alarming speed, rendering traditional security tools ineffective. "Harvest-now, decrypt-later" attacks are a growing concern, where adversaries may steal encrypted data today, waiting for future quantum technology to decrypt it.

About SEALSQ:

SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, Medical and Healthcare and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.

Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks. For more information, please visit www.sealsq.com.

Forward-Looking Statements

This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the expected success of our technology strategy and solutions for IoMT Security for Medical and Healthcare sectors, SEALSQ's ability to implement its growth strategies, SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp 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.

SEALSQ Corp. Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 [email protected]

SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 / [email protected] Katie Murphy Tel: +212 836-9612 / [email protected]