Symmetry Electronics Announces Distribution Agreement with SEALSQ Corp.
Los Angeles, CA <July 24, 2023> -- Symmetry Electronics, a leading distributor of connected solutions, is excited to announce a new distribution agreement with SEALSQ Corp. (“SEALSQ”) (NASDAQ: LAES), a semiconductors and PKI subsidiary of WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY). This strategic alliance marks a significant milestone that promises transformative advancements in the electronics industry.
SEALSQ is renowned for its state-of-the-art semiconductor and PKI products designed for a wide range of applications, including smart city, smart home, smart appliances, medical, industrial automation, and more. Under the terms of the agreement, Symmetry Electronics gains access to SEALSQ's comprehensive product portfolio, which includes highly secure microcontrollers, PKI, and Post-Quantum hardware and software products. SEALSQ's advanced semiconductor and PKI products complement Symmetry's existing portfolio and ensure access to a broader selection of components to meet industry demands.
“Our agreement with SEALSQ is a milestone for Symmetry Electronics,” said Keenan Jeworski, Vice President and General Manager of Symmetry Electronics. “Through this collaboration, we have the opportunity to further innovate our product portfolio and consistently provide our customers with cutting-edge semiconductor solutions. Symmetry’s partnership with SEALSQ fortifies our unwavering dedication to delivering exceptional value and service to our clients.”
“We are confident that this collaboration will significantly benefit both companies and, most importantly, our valued customers" said David Khalifa, Vice President of Global Sales for WISeKey. “Symmetry’s strong customer base in smart technology directly aligns with our target markets.”
The distribution partnership with SEALSQ will strengthen Symmetry Electronics' ability to serve a wide array of industries, including automotive, industrial, medical, and consumer electronics. Symmetry's dedicated team of experts will provide exceptional support, ensuring customers receive the best solutions tailored to their needs.
About Symmetry Electronics Team
Established in 1998, Symmetry Electronics is a focused global distributor of wireless connectivity solutions, sensors, and audio-video technologies. Offering comprehensive design support and available-to-ship inventory, Symmetry is committed to helping engineers accelerate time to market, reduce costs, and offer modern solutions for their IoT designs. Acquired by Berkshire Hathaway company, TTI, Inc. in 2017, Symmetry Electronics is part of the Exponential Technology Group (XTG) – a supergroup of electronic component distributors and engineering services firms working together to advance the electronics industry. For more information, visit www.symmetryelectronics.com.
About SEALSQ
SEALSQ (Nasdaq: LAES) is a subsidiary of the WISeKey Group that focuses on developing and selling solutions based on Semiconductors, PKI and Provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication devices, Home Automation, and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks. For more information, visit www.sealsq.com.
About WISeKey
WISeKey International Holding Ltd ("WISeKey", SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, and (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.
Each subsidiary contributes to WISeKey's mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company's semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey's strategic direction and its subsidiary companies, please visit www.wisekey.com.