WISeKey and Turing Cryptography join forces to roll out a full suite of TuringSign SSL/TLS services in the Asia-Pacific region secured by the OISTE/WISeKey Root of Trust. Turing Cryptography is a subsidiary of CrossCert, Inc. (“CrossCert” KOSDAQ: 041460), the only Global Certification Authority in South Korea.
During the first quarter of 2022, commercial operations have ramped-up, with the launch in Korea and with immediate plans to extend operations to Singapore, Hong-Kong, and Taiwan, and a next phase that aims a global reach.
Geneva – March 24, 2022 – WISeKey International Holding (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity and IoT company, and Turing Crypto GmbH (“Turing Cryptography”), a cybersecurity company based in Berlin, Germany, with a strong footprint in Asia, North America, and Europe, announced today the official start of operations and the generation of the first revenue and positive acceptance of new customers.
Both companies signed a strategic partnership agreement to generate revenue and new technology offering. As per the terms of this agreement, WISeKey and Turing Cryptography have joined forces to roll out a full suite of TuringSign SSL/TLS services in the Asia-Pacific region secured by the OISTE/WISeKey Root of Trust. Turing Cryptography is a subsidiary of CrossCert, Inc. (“CrossCert” KOSDAQ: 041460), the only Global Certification Authority in South Korea. In subsequent phases, partners aim to expand the cooperation by offering complementary solutions, including Turing Cryptography’s leading FIDO biometric authentication software (with over one billion transactions to-date) and WISeKey’s end-to-end Cybersecurity and IoT platform.
The objective of the partnership is to generate synergies by launching new and innovative cryptographic security solutions in the Asia Pacific region and other markets. During phase one of this partnership, both partners have agreed to roll out SSL/TSL products in the Asia Pacific region. Future synergies are expected to include joint offerings in AI powered security solutions, where both companies possess core competencies.
During the first quarter of 2022, commercial operations have ramped-up, with the initial launch in Korea and immediate plans to extend operations to Singapore, Hong-Kong, and Taiwan, and a next phase that aims a global reach.
“The TuringSign SSL service launch in Korea was very promising. We see remarkably positive response from our customers and this encourages our imminent roll out plan in Singapore and Hong Kong. Subsequently, China, Japan and other Asian countries will also be consolidated. As an innovative new brand with a veteran team of cybersecurity experts, TuringSign is committed to providing industry-leading quality and speed at the most affordable price. To highlight this commitment, we are implementing cutting-edge distributed networking technologies in our PKI to achieve industry leading OCSP response times. This optimization drastically enhances site loading speed of your visitors regardless where they are connecting from” commented Ricky Wong, Executive Vice President at Turing Crypto GmbH and former VeriSign APAC sales director.
“We are pleased with the positive outcome of this strategic partnership, which will allow CrossCert Group and WISeKey to develop a growing business and offer their new combined technologies to a larger customer base. We have already identified new collaboration areas to extend our alliance and develop the IoT and NFT markets,” said Carlos Moreira, Founder and CEO of WISeKey.
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 using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 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 huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.
Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides 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 among objects and between objects and people. For more information, visit www.wisekey.com.
About Turing Cryptography
Turing Crypto GmbH (AG Charlottenburg, Berlin, HRB 196097 B) is an AI powered security company based in Berlin, Germany. The company offers geographically neutral and price competitive trust services to secure customer’s website identity. Turing Crypto is a subsidiary of CrossCert, Inc. (KOSDAQ: 041460), a publicly listed company and the only Global Certification Authority in Korea. As the market leader in premium SSL/TLS certificates in Asia Pacific, the company also offers a wide range of cybersecurity and authentication solutions. Together with its affiliate AIBrain Inc., a leading AI technology company based in Silicon Valley, Turing Cryptography is developing next-generation security solutions powered by Artificial Intelligence. For more information about Turing Cryptography, visit www.turingsign.com. For more information about CrossCert, visit global.crosscert.com. For more information about AIBrain, visit www.aibrain.com.
Press and investor contacts:
WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com
WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@equityny.com
Turing Crypto GmbH
Company Contact: Ricky Wong
Executive Vice President
Tel: +852 9038 4574
Email ricky.wong@turingsign.com
Business contact from Turing Crypto GmbH
Contact: Soeren Maerki
Director, Global Business Division
Tel: +82 10 5505 3855
Email s.maerki@turingsign.com
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.
