Geneva, Switzerland, April 15, 2024 (GLOBE NEWSWIRE) – SEALSQ Corp, also known as SEALSQ, (NASDAQ: LAES), a company specializing in the development and sale of Semiconductors, PKI, and Post-Quantum technology hardware and software products, has introduced its latest research and development initiatives. These projects involve the fusion of Internet of Things (IoT) technology with cryptocurrency mining to create new, energy-efficient mining algorithms tailored for IoT devices.

The innovative integration of IoT devices with cryptocurrency mining signifies a groundbreaking advancement in smart device utilization. SEALSQ is actively engaged in the development of this technology, aiming to seamlessly combine IoT devices with cryptocurrency mining and payments. The introduction of the SEALCOIN token will play a pivotal role in this ecosystem, ensuring secure and efficient mining and transaction processes for IoT devices, protecting them from potential cyber threats.

Picture a scenario where your home’s smart meter not only monitors energy consumption but also earns fractional Bitcoin through the integration of IoT technology with cryptocurrency mining. This vision is swiftly materializing as smart devices evolve to incorporate cryptocurrency mining capabilities. Empowered by SEALSQ semiconductors and fortified with Matter certificates, these smart meters transcend their traditional functions, actively participating in cryptocurrency mining while ensuring secure and efficient operations within the digital economy.

The implementation of this pioneering project will empower IoT devices not only to mine cryptocurrencies but also to facilitate transactions during their operational downtime. This forward-looking endeavor is set to transform ordinary electronic devices into active players in the cryptocurrency market, adding value and functionality to their existing utility.

SEALSQ, a trailblazer in technological innovation, is driving the convergence of IoT and cryptocurrency mining towards a promising future. This integration marks a significant milestone in the evolution of smart technology, blending everyday functionality with economic productivity.

As IoT devices continue to enhance their processing capabilities, they are increasingly suitable for cryptocurrency mining activities. SEALSQ is at the forefront of developing energy-efficient mining algorithms customized for IoT devices, bridging the gap between smart technology and cryptocurrency and establishing a sustainable and efficient mining framework.

While the concept of utilizing IoT devices for cryptocurrency mining is still in its early stages, it embodies the spirit of innovation by merging two groundbreaking technological trends. Despite the practical and technical challenges that lie ahead, the prospect of transforming smart devices into active participants in cryptocurrency mining is a thrilling prospect.

SEALSQ, with its meticulous and strategic approach, is poised to navigate this uncharted territory successfully. The potential for IoT devices to contribute to economic activities beyond their conventional roles necessitates thoughtful consideration to overcome obstacles and fully capitalize on the opportunities presented by this technological synergy.

About SEALSQ

SEALSQ is a leader in digital security and semiconductor technology innovation, focusing on developing solutions that address the challenges of the post-quantum era. Specializing in integrated solutions based on Semiconductors, PKI, and Provisioning services, SEALSQ is dedicated to ensuring the security and integrity of digital interactions and transactions across various industries.

SEALSQ offers integrated solutions for a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy systems, Smart Home Appliances, IT Network Infrastructure, Automotive technology, and Industrial Automation and Control Systems.

Post-Quantum Cryptography (PQC) involves cryptographic methods that can resist attacks from quantum computers. As quantum computers advance in power, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) may become vulnerable. PQC aims to develop new cryptographic techniques that are secure against quantum threats.

For more details, please visit www.sealsq.com

Forward-Looking Statements

This communication contains forward-looking statements regarding SEALSQ Corp and its operations. These statements cover our business strategy, financial performance, market data, and anticipated future events, among other topics. While we believe these statements are reasonable, there is no guarantee that they will materialize as expected. These statements are subject to known and unknown risks, uncertainties, and assumptions beyond our control, which could lead to actual results differing from the forward-looking statements. Factors influencing these discrepancies include the success and timing of SEALCOIN’s launch, the release of the Machine-to-Machine (M2M) Proof of Concept (PoC), the issuance and exchange listing of SEAL’s token by the end of 2024, continued beneficial transactions with key partners, market demand, semiconductor industry conditions, and risks outlined in SEALSQ’s SEC filings.

SEALSQ Corp presents this communication as of the current date and does not commit to updating the forward-looking statements due to new information, future events, or other factors.

Press and Investor Contacts

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]

Source: SEALSQ

2024 GlobeNewswire, Inc., source Press Releases