Geneva, Switzerland, Jan.06, 2025 (GLOBE NEWSWIRE) -- This multi-year, multi-million-dollar agreement, positions SEALSQ as a key contributor to one of the world’s most ambitious smart grid initiatives Collaboration includes leading energy and technology stakeholders such as the Data Communications Company (DCC), Landis+Gyr, Calisen, Toshiba, and Vodafone SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company specializing in Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced a significant agreement to supply its VaultIC 408 secure microcontroller for millions of smart meters as part of the United Kingdom’s Smart Metering Implementation Programme (SMIP).
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the expected success of our technology strategy and solutions for IoMT Security for Medical and Healthcare sectors, SEALSQ's ability to implement its growth strategies, SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC.
As the global smart meter market is projected to reach approximately 238.42 million units by 2029, growing at a CAGR of 8.14%, SEALSQ continues to strengthen its position as a trusted partner in delivering secure solutions for smart energy and IoT applications.
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