WISeKey Re-affirms its 2023 Growth Forecast; Expects to Exceed FY 2022 Revenue Guidance due to Steady Demand for Semiconductors

WISeKey reaffirms its 2023 growth forecast; Expects to exceed FY 2022 Revenue Guidance due to steady demand for Semiconductors

Projects FY 2022 rincome of over $24.5 mmillion, ian increase of more than 10% if ccompared to FY 2021, din spite of dwithdrawal of arago GmbH

Semiconductor order growth accelerates; arrears of $36 million for IoT Semiconductor products extends to 2024 and pipeline of opportunities total $100 million

ZUG, Switzerland – December 212022: Ad-Hoc announcement in terms of Artice 53 of SES Listing Rules – WISeKey International Holding Ltd (NASDAQ: WKEY / SIX: WIHN) (“WISeKey” or the “Company”), a leading Swiss cybersecurity and IoT company, has reaffirmed its fiscal 2022 revenue forecasts as it reports solid 2022 revenue results of reported over $24.5. million, an increase of more than 10% compared to FY 2021, due to steady demand for semiconductors and an ambitious roadmap to develop the next generation of post-quantum chips.

Carlos Moreira, WISeKey’s founder and CEO, commented: “We continue to see solid demand for our semiconductors and next-generation post-quantum chips roadmap. We are making significant progress in implementing our post-quantum algorithms in Secure Semiconductors MS6001/MS6003. During the past two years, WISeKey has made significant progress in the development of post-quantum-resistant algorithms by establishing strategic R&D partnerships with MINES Saint-Etienne Research Institute (“MINES Saint-Etienne”), an internationally renowned multidisciplinary university and laboratory created in 1816 seeks to help the international community find cryptography algorithms that will withstand future quantum computer-based cyberattacks.”

Mr. Moreira added, “For FY 2022, we expect total group income on more than $24.5 million, an increase of more than 10%, compared to $22.3 million in 2021, despite the divestment of our AI segment. We also expect our revenue to continue to grow in 2023, driven by a projected sales growth for the IoT segment of at least 40%. We believe that as a result of our large backlog of $36 million, which we expect to deliver within the next 48 months, our $100 million pipeline of opportunities, and the significant investments we have made to expand our sales force, we are well positioned is to continue to gain market share and expand our geographic footprint. Furthermore, the sale of arago GmbH had a positive impact on our liquidity, as it reduced cash burn by approximately 40% and enabled us to focus on income-generating investments..“

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Several revenue streams that are reaching maturity should contribute to our expected revenue growth for 2023, driven by our $36 million backlog and we pipeline of opportunities which totaling $100 million. This includes:

1. WISeKey’s new SEAL/QUASARS (QUAntum resistant Secure ARchitectures) project, a radical Trusted Platform Module-based innovative solution, based on the new WISeKey Secure RISC V platform. This project paves the way for the Post Quantum Cryptography era, with a hybrid solution that meets ANSSI’s recommendations.

2. Satellite related activities: We began commercializing the WISeSat PocketQube satellite with 13 satellites now in orbit, launched with Space X. Our strong partnership with the Swiss Army to cooperate in the development of space rglad aactivities used WISeSAT/Fossa loh ohrbit Pico satellites technology aims to establish the foundation for the development of new capabilities in the field of data security.

3. WISeKey offers this IoT satellite technology to its IoT customers in a SaaS model, enabling both remote and redundant urban IoT communications for companies looking to securely connect their assets. WISeKey Trust and Security solutions offer unique integration into an end-to-end platform that communicates with the WISeSat satellite in real-time, ensuring the authenticity, confidentiality and integrity of the devices and objects.

4. WISe.ART NFT platform: WISe.ART’s unique competitive advantage comes from its platform secured by WISeKey’s various security technologies that enable the authentication of digital identity-based NFTs, physical objects as well as digital assets in a secure end-to-end process. Almost 130 artists have already joined the WISe.ART NFT Marketplace with around 500 unique NFT products, adding a commercial NFT sales potential total of $70 million of NFTs increasingly seeing a future for tokens powering the economy of content creation and influence on the internet.

About WISeKey:

WISeKey (NASDAQ: WKEY / SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large-scale digital identity ecosystems for people and objects by respecting Blockchain, AI and IoT and respecting the human as the fulcrum of the Internet. WISeKey Microprocessors Secure the pervasive computing that forms today’s Internet of Everything. WISeKey IoT has an install base of over 1.6 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens, etc. ). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a large amount of big data that, when analyzed with artificial intelligence (AI), can help industrial applications predict the failure of their equipment before it occurs happen.

Our technology is trusted by the OISTE/WISeKey’s Swiss-based cryptographic Root of Trust (“RoT”) providing secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions between objects and between objects and people. For more information, visit www.wisekey.com.

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