WISeKey International Holding Ltd - American Depositary Shares (WKEY)

Shares of WISeKey International Holding Ltd (NASDAQ: WKEY) are trading higher Friday after the company announced a new proof of concept involving secure, off-grid IoT transactions via Low Earth Orbit (LEO) satellites.

Sealsq reported that its cash reserves peaked above $90 million in January 2025 and said it expects revenue gains from its $5 million investment in research and development over the past year to materialize in early 2026.

WISeKey shares are moving lower on Thursday after the company announced the release of its 2025 satellite launch schedule.

The satellite is a part of WISeSat’s initiative to provide real-time, secure IoT connectivity through a constellation of post-quarum-ready satellites. The company plans to launch five more satellites this year.

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WISeKey shares are moving higher on Friday following the company's confirmation of its subsidiary WISeSat.Space's satellite launch with SpaceX.

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