WISeKey's WISeSat.Space Has Made Significant Progress In The Development Of A European Low Earth Orbit Satellite Constellation To Establish A Competitive Alternative To Existing Networks Such As SpaceX's Starlink And China's Thousand Sails

WISeKey +2.99%

WISeKey

WKEY

6.54

+2.99%

WISeSat.Space Progresses on European Low Earth Orbit Satellite Constellation

Geneva, Switzerland – December 4, 2024 – WISeKey International Holding Ltd ("WISeKey" or the "Company") (NASDAQ:WKEY, SIX: WIHN))), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, today announced that its subsidiary WISeSat.Space has made significant progress in the development of a European Low Earth Orbit (LEO) satellite constellation to establish a competitive alternative to existing networks such as SpaceX's Starlink and China's Thousand Sails. This initiative underscores Europe's need for technological independence, secure data transmission, and innovation in the satellite industry.

WISeSat.Space has already launched 17 mini-satellites with Space X into orbit through a strategic investment and partnership with Fossa Systems, aimed at expanding its portfolio of space technology assets. Over the next 36 months, WISeSat.Space plans to deploy an additional 88 satellites, complemented by the launch of a next-generation satellite expected in January 2025 from California. This next-generation satellite will significantly enhance global IoT connectivity and environmental monitoring capabilities, supporting applications such as climate change analysis, disaster response, and precision agriculture.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.