Wisekey International : TO SECURE WELLNESS TELECOM FOR SMART CITIES

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WISEKEY TO SECURE WELLNESS TELECOM FOR SMART CITIES

WISeKey to secure smart public lighting solution against hacking

Zug, Switzerland, November 10, 2016 - WISeKey International Holding Ltd (SIX: WIHN) (WISeKey' or the 'Company') and Wellness Telecom, a Spanish based company that specializes in New Technologies for Smart Cities today announced, at the Smart City Expo World Congress, their new partnership aiming to combine WISeKey's Vertical Cybersecurity Platform Root of Trust to Chip within Wellness Telecom solutions portfolio for Smart Cities such as WeLight, the smart public lighting solution, as well as Quamtra, the smart waste management solution.

WISeKey's IoT Cybersecurity will be combined with Wellness Telecom's platform, to prevent effects of attacks on the smart city network including but not limited to DDoS and protecting the data from cyberattacks. Every WeLight or Quamtra sensor from the Wellness Telecom ecosystem would be equipped with and unique digital certificate issued by the WISeKey's Swiss based cryptographic Root of Trust ('RoT') integrating strong authentication and data encryption securely loaded into a WISeKey's latest generation cryptographic chip tamper proof secure element. WISeKey is a member of Microsoft CityNext, a global initiative empowering cities, businesses and citizens to re-imagine their futures and cultivate vibrant communities.

Through the Microsoft CityNext initiative, WISeKey helps to engage cities around the world to cooperate in and contribute to the security for the development, dissemination, and implementation of cyber security advancement, with a focus on the improvement of current conditions and mitigation of potential risks during the development of their smart cities. Beside the recent massive DDoS attacks, WISeKey and Wellness decided to team-up to bring a joint value proposal into Smart Cities projects to assuring its customer, a platform including secured access to trusted data that can be valued for smart city services.

Recently hackers used drones to hack and infect light bulbs in an office tower with a virus that let them turn the lights on and off, and flash an 'SOS' message in Morse code, while last month hackers hijacked millions of connected devices and were able to cut off access to popular websites like Twitter and Amazon. The hacking of ordinary devices controlled via an online network, and tuning those devices hostile by taking over control and cause them to operate in dangerous and insecure way, makes the need to protect IoT devices even more critical in order to avoid a potential massive DDOS attack.

WISeKey is championing the ever-changing landscape of cyber-security for smart cities. The number of connected devices- a.k.a. Internet of Things- requiring digital identification and security now tops 4 billion globally and continues to rise rapidly; this number is expected to reach 50 billion by 2020. This trend shows that cybersecurity is a key asset in ensuring protection of this infrastructure.

In that regard, recently WISeKey signed an agreement with Bajaj Electricals Limited (BEL), India's leading consumer durable and lighting to create the first ever IoT Trusted Platform connecting to a secure cloud approximately 100 million consumer & industrial products in the first phase of WISeLight IoT Platform, enabling a digitally certified eco-system for connected objects. The WISeLight IoT Platform will shift this sector from a hardware-centric model, as the world moves, to delivering IoT lighting secured with sensors and embedded microchips, detecting and interacting with its environment in real-time. This will be enabled using crypto-based asymmetric keys based in the cloud and on each product, the handshake of which will produce a Certified Authority issued Digital Certificate.

At the heart of WISeKey's technology is the OISTE-WISeKey Cryptographic Root of Trust, which has been actively used since 1999 by over 2.6 billion desktops, 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.

Carlos Moreira, Founder and CEO of WISeKey commented, 'We are thrilled to partner with Wellness Telecom and continue our tremendous efforts to empower and protect our cities and citizens. Our teams will quickly integrate and install our strong authentication data encryption and IoT cryptographic chip into millions of Wellness Telecom's IoT devices.'

'With this partnership we will be able to provide our IoT devices with a layer of security that will make them more robust and secure. Almost 2 million people are already enjoying the benefits of having our Smart Solutions in their municipalities and with this completes our value proposition to the market,' said David Garcia Ternero, Wellnesss Telecom CEO.

WISeKey will be present at the Smart City Expo World Congress on the Swiss Pavilion Booth #B278. To book a meeting with WISeKey Tech Team please go to https://www.wisekey.com/events/meeting-wisekey-at-events/.

About WISeKey

WISeKey (SIX Swiss Exchange: WIHN) is a leading global digital security and CyberSecurity company. Working at the forefront of information cybersecurity, identity management, and mobile security, WISeKey's mission is to facilitate the global growth of secure electronic transactions by providing individuals, businesses, cities, citizens, objects, and governments with advanced technology and services that authenticate and protect digital identity across the full spectrum of personal, business and administrative transactions online. At the heart of this 4th Industrial Revolution strategy is the OISTE-WISeKey Cryptographic Root of Trust which has been actively used since 1999 by over 2.6 billion desktops, 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. WISeKey is a Global Growth Partner of the World Economic Forum. More articles can be found at https://www.wisekey.com/media-corner/.

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About Wellness Telecom

Wellness Telecom is working on the convergence of their IoT solutions and its expert capabilities in sensors, communications, Cybersecurity, Big Data & Analytics and Dashboard to offer the market a complete architecture on which to build and operate IoT applications covering from the real time sensors to analysis of the information. The company has a portfolio of technological solutions aimed at Smart Cities that are already present in more than 150 cities and focus on improving several of the most critical management areas of a municipality: street lighting, energy management, waste collection and mobility and traffic, among others. All developments offer the ability to obtain real-time data and use and implement policies and therefore savings.

For more information visit: www.wtelecom.es
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Disclaimer:
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.