WISeKey Joins Forces with Microsoft CityNext to Bring Innovation and Security to IoT across the Globe
WISeKey International Holding Ltd (SIX: WIHN) (“WISeKey”), a leading Swiss-based cybersecurity company, today announced its participation in Microsoft CityNext, a global initiative empowering cities, businesses and citizens to re-imagine their futures and cultivate vibrant communities. Through the Microsoft CityNext initiative, Microsoft and WISeKey will help leaders to do “new with less,” by combining the power of technology with innovative ideas to securely connect governments, businesses and citizens with city services that increase efficiencies, reduce costs, foster a more sustainable environment and cultivate communities where people thrive.
WISeKey’s identity management and innovative cybersecurity solution for IOT will provide smart cities with a scalable, easily manageable object identity management and security solution when connecting to Microsoft Azure and other Microsoft-based platforms. The Managed WISeKey Root of Trust (RoT) serves as a common trust anchor, which is recognized by operating systems (OS) and applications to ensure the authenticity, confidentiality and integrity of on-line transactions. With the Cryptographic RoT embedded on a device, provided by WISeKey as a hardware Secure Element or a software Certificate, the IoT product manufacturers can protect the devices and secure the interactions among and between objects and people.
“Government employees and City infrastructure from traffic lights and smart parking solutions, to power grids and smart utility meters, are vulnerable to cyberattacks,” said Carlos Moreira, WISeKey’s CEO. “We view Microsoft’s CityNext initiative as an innovative force that will help to transform government infrastructure and we are pleased to have already collaborated with Microsoft on government and city cybersecurity projects in various countries around the globe.”
Cities have long been the center of industrial, economic and entrepreneurial activity fueling the rest of the world’s success. Today, as more of the world’s population urbanizes, they face mounting pressures and challenges to maintain that standard and quality of life for citizens. It is expected that by 2030, six out of every ten people will live in a city. Leveraging a broad portfolio of familiar and security-enhanced consumer-to-business software, partner solutions, devices and services and Microsoft’s history of successful education and social programs, Microsoft CityNext is a collective effort that helps cities anticipate and plan for these changes and challenges, enabling them to meet citizens’ needs, thrive economically and embrace modernity.
“We’re thrilled to partner with WISeKey on Microsoft CityNext. Microsoft prioritizes a people- and partner-first approach across all our initiatives, and Microsoft CityNext is no different,” said Per Bendix Olsen, Microsoft Worldwide Public Sector. “While cities are feeling the strain from economic challenges, Microsoft CityNext ushers in innovative technology solutions to create opportunities for cities and their citizens, enabling them to accomplish what they never thought possible. We’re inspired by our diverse partner ecosystem and know that working together we can help cities realize their full potential.”
About Microsoft CityNext
Microsoft CityNext is a global people-first initiative harnessing all the ideas, energy and expertise of a city's people to create modern, healthy, safe, well-educated and sustainable cities for the future. Microsoft CityNext empowers cities to do new with less, by building on existing infrastructure and investments to transform cities’ systems, services and operations; engage citizens and businesses by delivering personalized services and apps that foster real-time dialogue; and accelerate innovation and opportunity through programs and partnerships that empower and nurture the next generation of skilled workers. Combining a vast network of global partners and Microsoft’s history of successful education, healthcare and social programs, Microsoft CityNext helps cities plan for and embrace the future.
WISeKey (SIX Swiss Exchange: WIHN) is a leading cybersecurity company and selected as a World Economic Forum Global Growth Company. WISeKey is currently deploying large scale Internet of Things (“IoT”) digital identity ecosystems and has become a pioneer of the “4th Industrial Revolution” movement launched this year at the World Economic Forum in Davos. WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) 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. The RoT serves as a common trust anchor, which is recognized by the operating system and applications, to ensure the authenticity, confidentiality and integrity of on-line transactions. With the cryptographic RoT 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. WISeKey has patented this process in the USA as it is currently used by many IoT providers.
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.
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