SEALSQ Corp's stock is experiencing a notable rise in pre-market trading on January 2, 2025, following the company's announcement that 2025 is expected to be a pivotal year for its advancements in quantum and post-quantum technologies. The company, along with its parent WISeKey, is focusing on breakthroughs in post-quantum algorithms and semiconductor innovations. A key highlight is their collaboration with the National Institute of Standards and Technology's National Cybersecurity Center of Excellence to develop the first Quantum-Resistant USB Token demonstrator. This initiative is part of SEALSQ's QUASARS project, which incorporates state-of-the-art algorithms like CRYSTALS-Kyber and CRYSTALS-Dilithium, finalists in the NIST Post-Quantum Cryptography Standardization process.
The collaboration aims to revolutionize IoT device security by introducing trusted network-layer onboarding protocols and secure device provisioning. SEALSQ's semiconductors integrate advanced secure elements for tamper-resistant storage of cryptographic keys, enabling post-quantum IoT authentication. These developments are designed to protect devices against quantum-enabled attacks and unauthorized access, while also ensuring efficient performance in resource-constrained environments. The initiative is expected to set new standards for securing IoT devices and networks across various industries, including healthcare, automotive, and smart cities.
SEALSQ Corp's stock is currently priced at $6.84, reflecting an 11.2% increase from its previous close of $6.15.