WISeKey lands CH 4.5 Million in Anti-Counterfeiting and New Generation Digital Identification technology contracts

WISeKey lands CH 4.5 Million in Anti-Counterfeiting and New Generation Digital Identification technology contracts



6/16/2009

Geneva, 16th June 2009 – WISeKey SA announced today that it has received orders in June totaling CHF 4.5 million from several clients from its anti-counterfeiting and Digital Identity system that safeguards and verifies the authenticity of luxury goods and protects the digital identity of users.

"Together with the Digital Identification, the anti-counterfeiting industry continues to aggressively pursue the use of our WISeAuthentic technology," said Carlos Moreira, the company's president and CEO, in a statement. "We are pleased to have prestigious brands as significant customers for our proprietary technology and are looking forward to the continued development and application of our patent pending technology in new areas related to the anti-counterfeiting market."

Counterfeiting represents approximately five to seven percent of all world trade and with the luxury brand industries estimated to reach one trillion dollars (US) by 2010, these companies need a solution that will prove authenticity. The technology is virtually fail-safe, as the encrypted digital information within the SmartCard’s chip is impossible to replicate and will remain so for the foreseeable future, according to analysts, mathematicians and academic experts who participated in the development of WISeKey’s technology. WISeAuthentic is also available for use with jewelry, beauty products, haute couture, jet aircraft and automotive parts, luxury goods, pharmaceuticals, software and entertainment.

In addition to the anti-counterfeiting contracts, WISeKey has closed deals in the area of Digital Identification using WISeKey’s new generation semantic validation system which leverages the Web 2.0 functionalities and goes further by taking Citizen services into Web 3.0 interactions. Essentially, citizens will be able to access and transact through citizen services online with different logon mechanisms. Depending on the logon mechanism used, the Citizen portal will be adapted automatically to the functionalities allowed by the logon mechanism used. For example, with a high security electronic identity card, a citizen would be able to undertake the most complex citizen transactions whilst the use of a simple login/password mechanism would limit the functionalities available to the Citizen.

For more information on this solution please visit www.wisekey.com

Contact:
Estrella Vela
Carlos Moreno
+41 22 594 30 00