Fri Sep 20 12:41:00 UTC 2024: ## SEALSQ Unveils Revolutionary IoP Technology, Transforming IoT into a Global Commerce Network

**Geneva, Switzerland – September 20, 2024** – SEALSQ Corp (NASDAQ: LAES), a leading provider of semiconductor, PKI and post-quantum technology, has announced the integration of Internet of Payment (IoP) capabilities into its next-generation IoT-enabled semiconductor solutions. This groundbreaking innovation positions SEALSQ at the forefront of a digital revolution, empowering everyday connected devices to become dynamic commercial hubs capable of secure and autonomous transactions.

The IoP concept ushers in a new era of commerce, transforming IoT devices into active participants in the global economy. Imagine your car autonomously ordering fuel or your smart home appliances paying for utilities – these scenarios are becoming reality with SEALSQ’s IoP technology.

“This integration represents a significant leap forward for the IoT industry,” stated Carlos Moreira, CEO of SEALSQ. “SEALSQ is enabling a future where connected devices are not just smarter but financially empowered, transforming how individuals and businesses interact, communicate, and exchange data.”

The company’s next-generation semiconductors are equipped with advanced capabilities designed to meet the growing demands of IoP applications, including:

* **Secure Transaction Processing:** Advanced security protocols ensure the safety of financial data during transactions.
* **Autonomous Payment Management:** Devices can initiate and complete payments without human intervention.
* **Real-time Data Analytics:** IoP integration allows for the collection and analysis of transaction data, providing valuable insights for businesses.

The potential applications for SEALSQ’s IoP-enabled semiconductors are vast, spanning multiple industries:

* **Automotive:** Autonomous vehicles can purchase fuel, parking, and tolls without driver intervention.
* **Home Appliances:** Smart appliances can automatically order supplies and pay for services like maintenance.
* **Industrial Automation:** Machines can initiate and complete transactions for raw materials and parts, streamlining manufacturing processes.

Industry forecasts highlight the massive potential of IoP, predicting that by 2025, an estimated 75 billion devices will be interconnected through the IoT. SEALSQ’s IoP capabilities provide a crucial solution for secure, real-time transactions between machines, enabling businesses to fully capitalize on this vast network.

Furthermore, with global cashless payment volumes expected to surge by over 80% between 2020 and 2025, SEALSQ’s solutions are poised to be a pivotal driver in this transition. By 2030, cashless payment volumes are projected to triple, highlighting the significance of SEALSQ’s semiconductor innovations in the world’s rapidly evolving payment ecosystem.

“We continue to make substantial investments in next-generation technologies,” added Mr. Moreira. “We are now preparing to release engineering samples of our QS7001 Quantum-Resistant secure chips before the end of the year. SEALSQ’s strong value proposition has been reflected by significant new agreements and partnership signed this year with existing and new clients.”

This announcement marks a significant step for SEALSQ as it leads the charge in the development of secure and innovative technologies for a future where the Internet of Things seamlessly integrates with the global economy.

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