SEALSQ Corp (NASDAQ: LAES), a provider of post-quantum cryptography solutions, saw its shares soar 8.82% in the after-hours session on Wednesday. The rally followed the company's announcement of launching the online distribution of its secure microcontrollers and development boards through the DigiKey Marketplace, a leading global distributor of electronic components.
The partnership with DigiKey is expected to significantly enhance SEALSQ's product visibility and accessibility to a vast customer base spanning over 180 countries. By leveraging DigiKey's robust logistics infrastructure and extensive network of over 900,000 active customers, SEALSQ aims to facilitate the integration of its secure semiconductor solutions into various industries, including automotive, healthcare, industrial automation, and consumer electronics.
Moreover, the surge in SEALSQ's stock price reflects the growing momentum in the post-quantum cryptography (PQC) market. As quantum computing technology advances, traditional cryptographic methods are becoming increasingly vulnerable, prompting businesses and governments to urgently seek quantum-resistant solutions. SEALSQ, along with its parent company WISeKey International Holding Ltd, is at the forefront of this transformation, delivering advanced PQC solutions to safeguard critical digital infrastructure against potential quantum threats.
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