WISeKey International Holding Ltd Reports Preliminary Nine Months 2019 Results – iCrowdNewswire
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Oct 21, 2019 3:27 AM ET

WISeKey International Holding Ltd Reports Preliminary Nine Months 2019 Results


WISeKey International Holding Ltd Reports Preliminary Nine Months 2019 Results

iCrowd Newswire - Oct 21, 2019

ZUG, Switzerland– WISeKey International Holding Ltd (SIX: WIHN) (“WISeKey” or the “Company”), a leading Swiss cybersecurity and IoT company announced today that its consolidated preliminary revenue for the 9 month-period ending September 30, 2019 (“Q3YTD 2019”) is expected to be approximately $18.7 million (unaudited).

First 9 Months 2019 Highlights

      ·Cash and cash equivalents together with restricted cash increased to $19.2 million at September 30, 2019 as compared to $9.8 million at December 31, 2018.

Q3 2019 Business Highlights

Second SEC confidential draft registration statement
Following the board of directors’ approval of a proposed listing of its Class B Shares in the form of American Depositary Shares on a U.S. Stock Exchange, WISeKey has submitted a second confidential draft registration statement on Form 20-F under the U.S. Securities Exchange Act of 1934 to the U.S. Securities and Exchange Commission (SEC).

A registration statement is a set of documents, including a prospectus, which a company must file with the U.S. Securities and Exchange Commission before it proceeds with the listing of its shares on a U.S. stock exchange.

No new securities will be issued in connection with the listing, which is expected to commence after the SEC completes its review process.

This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the “Securities Act”) and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

About WISeKey:
WISeKey (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 Secures 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.



Contact Information:

WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
[email protected]








Tags:    Cybersecurity Newswire, Wire, Europe, English