WISeKey’s SEALCOIN Project Leverages Hedera DLT: Invites IoT Companies to Conduct Proof of Concept (PoC) for Transactional-IoT (t-IoT) Technology Page 1

Geneva – September 11, 2024 – WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leader in cybersecurity, AI, Blockchain and IoT operating as a holding company, invites companies to participate in a groundbreaking machine-to-machine PoC for its innovative t-IoT technology, codenamed Project SEALCOIN. This PoC aims to showcase SEALCOIN’s transformative potential by demonstrating the disintermediation of service providers into interconnected devices, allowing them to communicate and transact autonomously. The result is a streamlined process that improves efficiency, reduces costs and creates a seamless IoT ecosystem.

At the heart of this PoC is the use of cutting-edge technology embedded in semiconductor devices, which autonomously validates and verifies transactions. SEALCOIN features a Secure Element: an embedded security hardware that protects the private key and certificate representing the unique identity of each device. By leveraging elliptic curve cryptography (ECC), compatible with Hedera’s Decentralized Ledger Technology (DLT), these devices can simultaneously verify and sign transactions on-chain, providing security and transparency in real-time.

Earlier this year, WISeKey established SEALCOIN AG, a Special Purpose Vehicle (SPV), to house and advance the SEALCOIN decentralized technology project. Following the successful launch of PoC, the company is now targeting the launch of a Minimum Viable Product (MVP) in Q4 2024. This platform will serve as a comprehensive solution for secure, autonomous device interactions within the IoT ecosystem. By enabling devices to transact directly with each other, SEALCOIN effectively removes the middlemen, paving the way for a more efficient and cost-effective future for IoT.

Carlos Moreira, CEO of WISeKey, commented: “SEALCOIN PoC is an important milestone in our journey to advance the capabilities of our t-IoT technology. We are excited about our plan to deliver the MVP later this year and continue to explore new opportunities that will further advance our mission to create a safer, more interconnected world. As SEALCOIN leverages Hedera’s robust DLT infrastructure, known for its high performance, security, and stability, this project will set new standards in the IoT landscape.”

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