Press release

WISeKey is making available its Cryptographic Root of Trust to IoT providers and chipmakers to bring security to the connected devices

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Geneva, August 27, 2015 – WISeKey today announced that it has made available its Cryptographic Root of Trust to IoT manufacturers and Chipmakers allowing them to add digital certificates on their chips at the hardware level to encrypt the communication and authenticate the devices. WISeKey is currently deploying large scale IoT digital identities for watches

Geneva, August 27, 2015 –
WISeKey today announced that it has made available its Cryptographic Root of Trust to IoT manufacturers and Chipmakers allowing them to add digital certificates on their chips at the hardware level to encrypt the communication and authenticate the devices.

WISeKey is currently deploying large scale IoT digital identities for watches and wearables using its Cryptographic Root of Trust and
NFCTrusted
© technology. This trusted technology integrates wearable technology with secure authentication and identification, in both physical and virtual environments, and empowers IoT and wearable devices to become secure transactional devices. WISeKey has patented this process in the USA as it is currently used by many IoT providers (for more information visit:


http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=wisekey&OS=wisekey&RS=wisekey
).

The
Root of Trust
 (RoT) serves as a common trust anchor, which is recognized by the operating system (OS) and applications, to ensure the authenticity, confidentiality and integrity of on-line transactions. With the Cryptographic Root of Trust embedded on the device, the IoT product manufacturers can use code-signing certificates and a cloud-based signature-as-a-service to secure interactions among objects and between objects and people.

At the heart of this strategy is the OISTE-WISeKey Cryptographic Root of Trust which has been actively used since 1999 by over 2.6 billion desktop, browsers, mobile devices, SSL certificates and Internet of Things' devices. The
OISTE
WISeKey Cryptographic Root of Trust is ubiquitous and universal, and a pioneer in the identification of objects.

It is estimated that the global wearable market will grow at an annual rate of 35% over the next five years. The rapid growth of the number of connected devices is driving the shift from the current traditional mobile payment method to highly secure transactions from wearable devices using trusted communications and authentication technology. WISeKey's Cryptographic Root of Trust and NFCTrusted© technology enables these wearable devices to connect safely and make secure payments and other transactions.

The WISeID NFCTrusted© can be embedded in a connected device without requiring device modification or app downloads. WISeKey's NFCTrusted© technology is an evolution of the 
WISeAuthentic
 solution that WISeKey has already deployed with several leading luxury brands, including over 1 million watches digitally tagged and for which WISeKey recently obtained a US patent (
http://goo.gl/ozgOQm
). In February 2015, WISeKey and 
Bulgari
 launched the first ever intelligent mechanical watch using WISeKey's NFCTrusted© technology (
https://www.youtube.com/watch?v=GAyKfPOYwws
), which allows the watch to execute payments and other transactions without using a mobile phone or other devices connected to the internet.

NFCTrusted© authentication tags incorporate a WISeKey cryptographically secure digital certificate to prove authenticity. NFCTrusted© tags can be embedded in virtually any product, piece of equipment or common household item, and users can verify authenticity with an NFC-enabled smart phone, watch, connected device or other mobile device.  This technology not only optimizes security and convenience, but also eliminates the need for special readers or other equipment for tag authentication by using proof of presence. "The combination of trust and convenience opens the door for the use of WISeKey's NFCTrusted© tags in diverse markets to support a variety of IoT applications," said Carlos Moreira, CEO of WISeKey.


About WISeKey

WISeKey is a leading global digital security solutions company. Working at the forefront of information cybersecurity, identity management, and mobile software services, WISeKey's mission is to facilitate the global growth of secure electronic transactions by providing individuals, businesses, and governments with advanced technology and services that authenticate and protect digital identity across the full spectrum of personal, business and administrative transactions online. WISeKey, established in Geneva, Switzerland in 1999, (
http://www.wisekey.com
), is a World Economic Forum Global Growth Company.

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WISeKey:


Youmna Abisaleh


Head of Marketing and Sales


Tel: +41 22 594 30 40


yabisaleh@wisekey.com
Investor Relations:


Lena Cati


The Equity Group, Inc.


Tel : +1 212-836-9611


lcati@equityny.com



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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: WISeKey via GlobeNewswire

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