SEALSQ (LAES) Sidoti's Small-Cap Virtual Conference summary

Company history and strategic evolution

• Originated from WISeKey (founded 1999) and Inside Secure (1998), with a focus on digital identity and secure semiconductors.

• Acquired and rebranded secure semiconductor segment as WISeKey Semiconductors in 2016, later pivoting to SEALSQ with a quantum security focus.

• Listed separately on Nasdaq as SEALSQ in May 2023, following increased market attention to quantum computing.

• Raised significant capital after quantum computing advancements, strengthening balance sheet and enabling future investments.

• Currently operates with 70 employees, over 118 patents, and headquarters in France.

Technology and product development

• Develops secure chips and digital identity services, serving compliance needs in sectors like home automation, healthcare, and energy.

• Technology acts as a digital passport for devices, ensuring authenticity and resistance to cyberattacks.

• Focused R&D on quantum-resistant chips using NIST-standardized algorithms, with lead customer sampling underway.

• Products protect supply chains and communications for major clients such as Cisco, Siemens, and Medtronic.

• Expanding into ASIC market with planned acquisition of IC'Alps for tailored product development.

Strategic initiatives and investments

• Four major initiatives: post-quantum chip launch, open semiconductor test centers, $20M quantum investment fund, and satellite connectivity.

• Commercial launch of post-quantum chips targeted for end of 2024, with revenue expected in 2025.

• Developing a personalization center in Spain with EU funding, requiring $40M investment.

• Investments in quantum companies like ColibriTD and expansion into secure satellite constellations.

• Plans to internalize parts of the supply chain, especially for digital identity injection.