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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  WISeKey International Holding AG    WIHN   CH0314029270


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Wisekey International : Cybersecurity IoT Technology secures VIMANA Blockchain Airspace Platform

03/02/2018 | 01:01am EST

WISeKey International Holding SA / WISeKey Cybersecurity IoT Technology secures VIMANA Blockchain Airspace Platform . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

WISeKey Cybersecurity IoT Technology secures VIMANA Blockchain Airspace Platform

March 2, 2018 - Geneva, Switzerland - WISeKey International Holding Ltd (WISeKey) (SIX:WIHN), a leading Swiss cybersecurity and IoT solutions company, today announced that it has partnered with VIMANA Global, headquartered in Redwood City, CA, to secure the VIMANA Blockchain Airspace Platform, the first blockchain airspace platform for managing Autonomous Aerial Vehicle (AAV) flight, using WISeKey's Cybersecurity IoT technology.

Through the partnership, the VIMANA Blockchain Airspace Platform will be secured by the WISeKey RooT of Trust (RoT) technology for IoT, a unique offering that combines all the hardware, software, and Trust Model required to take the IoT security to a new level. The WISeKey IoT Blockchain is a vertical security framework, a one-stop-shop security software tool with a user-friendly interface and easy-to-integrate API that manages the life-cycle of devices and their digital certificates. Easy to implement, hard to attack, the WISeKey IoT Blockchain framework offers secure solutions even when the IoT device is in an unsecured environment, such as during production or in the field.

The IoT chips produced and powered with WISeKey's Cybersecurity IoT technology will allow VIMANA to provide end-users with applications designed to increase control over the use of resources, improve efficiency, optimize processing of information, secure autonomous vehicles, and improve public safety.

WISeKey's technology offers the security and scalability VIMANA anticipates it will need as the use of AAV grows. VIMANA's CEO, Evgeni Borisov, recognized the need for Smart Cities around the globe to enact better transportation systems for rapidly expanding populations, while ensuring maximum security and trust. (Click here to view Mr. Borisov's interview at Davos 2018 Gathering of Minds -  https://www.youtube.com/watch?v=1Y8BgwiXfSk)

In highly congested cities like Tokyo and Singapore, it would be very costly to completely overhaul the existing road and rail infrastructure to accommodate the transportation needs of a rapidly growing population. These cities, which have already invested in innovative technologies, are prime locations for introducing and testing aerial commuter vehicles like VIMANA's Vertical Take-Off and Landing (VTOL) AAVs. 

As AAV use grows, the main challenge facing implementation of an AAV network is that existing air traffic control towers are not equipped to manage potentially thousands of AAV flights in a given city. VIMANA addresses this hurdle with the launch of the first blockchain-backed airspace ecosystem for managing AAV flight paths.

Blockchain technology is uniquely suited to power VIMANA's Airspace Management Platform because of its capacity to validate data in a peer-to-peer network. Each AAV will be a node in the VIMANA network wherein each node validates the flight routes of all other nodes in the network. This ensures that AAVs do not depend on a centralized authority for determining flight direction. With all nodes maintaining constant communication with one another, passengers can simply plug in their destination and relax as they are transported to their next stop.
"Security and positive identification are the key elements in peer-to-peer exchanges that power the VIMANA Blockchain Airspace platform," says Evgeni Borisov, VIMANA Global CEO.  "The combined ecosystems give us the opportunity to potentially support exciting new features in the future." For example, using WISeKey's 'Know Your Customer'-based token enables a fast and simple way for participants to join the VIMANA network.

"By combining WISeKey's Secure Element (our tamper-resistant silicon chip) and its managed Public Key Infrastructure (PKI) systems with the VIMANA Blockchain Airspace platform, we are bringing a powerful solution that increases the level of safety for IoT transportation systems, while ensuring maximum security and trust on the system," said Carlos Moreira, Founder CEO WISeKey.

The first demonstrations of VIMANA's AAVs and Blockchain Airspace Ecosystem will occur in several Smart Cities such as Dubai, Abu-Dhabi, Tokyo, Singapore, and Mumbai. VIMANA is open to participation by other manufacturers and ecosystems.

About VIMANA Global
VIMANA Global, headquartered in Redwood City, CA, and with offices in the United States, UAE, India, and Singapore, develops VIMANA Universe solutions, where the VIMANA Network is a flagship product consisting of blockchain nodes, VIMANA AAVs, and VIMANA protocols enabling the network and connecting it to blockchain. VIMANA Network is accessible to partners and third parties admitted to VIMANA Ecosystem via open APIs.

VIMANA is part of a handful aerospace companies in the world that have a flying VTOL AAV prototype that was purpose built for urban use, as an air taxi, air limo, or as a dual-purpose passenger or cargo air vehicle. VIMANA VTOL AAVs are a marvel of aerospace engineering, patent-pending with the U.S. Patent and Trademark Office, and acknowledged by leading engineers from international space programs, top five aerospace manufacturers, and executives from world's largest transportation companies. For more information, visit www.vimana.global.

About WISeKey:
WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. 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.

To receive WISeKey's latest news, subscribe to our Newsletter or visit the WISeKey Investors Corner.

For further information, please contact:

Carlos Moreira
Chairman & CEO
+41 22 594 3000
WISeKey Investor Relations US
Lena Cati
The Equity Group Inc.
+1 212 836 9611

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.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: WISeKey International Holding SA via Globenewswire

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WISeKey International Holding SA
General-Guisan-Strasse 6 Zug Switzerland

ISIN: CH0314029270;

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