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WISeKey SA

WISeKey to Establish its Digital Identification Backbone for DestiNY USA

New York, US & Geneva, Switzerland (ots)

WISeKey to Create 500 New Jobs in Upstate New York to Make DestiNY
USA the Most Secured and Visited Destination on Earth
March 4, 2005, WISeKey
was selected by DestiNY USA to implement its Digital Identification
Backbone.  In turn, WISeKey will open its first office in the U.S.
and bring 500 new jobs to Upstate New York over the next two years.
Digital Identification will allow visitors, residents, employees
and participating organizations such as hotels and travel agencies to
share information in a secure and private way.
The vision of DestiNY USA is to bring together today's leading
companies and scientists to accelerate research and technology in
critical areas ranging from renewable energy and homeland security to
green building and design and environmental education.  It will take
place in a fossil-fuel-free, resort environment that includes the
finest hotels and restaurants, an enclosed indoor park, and some of
the most extraordinary entertainment and shopping venues found
anywhere in the world.
The DestiNY USA Research and Development Park will house firms
involved in the design and manufacture of technologies that will be
put to use at DestiNY USA.  The Park will focus on renewable energy,
technology and security products.  Construction will begin in 2005
and WISeKey will be located in the one-million square foot signature
building upon completion.
"We are excited to be working with the leading digital security
company WISeKey, and we are particularly pleased that the economic
development model has encouraged WISeKey to open its first U.S.
office here in Central New York,"  Bob Congel, chairman, DestiNY USA
said.
The Digital Identification Backbone will be based on
WISeKey-Microsoft Trusted Platform using WISeKey's unique Trusted
Digital identity technology operating on a Microsoft Platform.  The
DestiNY USA Digital ID Backbone will also detect and authenticate
"objects" using wireless cards designed specifically for use in
electronic devices and infrastructure, providing total traceability
while in and out of the resort.
Further, WISeKey is excited to announce its commitment to open its
global R&D headquarters in Upstate New York, which will create 500
high-skilled, new jobs over the next 18 months. In the Interim,
WISeKey will become a member of the Syracuse Chamber Technology
Garden.
WISeKey is a proven leader in strong Digital identity technology
and leads the growing market of national ID cards, Internet Voting
and e-passports, which has allowed governments to provide services to
citizens more efficiently on-line. These ID cards provide the
capability authenticate users absolutely.
"This market is experiencing phenomenal growth with the Digital
community demanding the security and safety that we are used to in
the analogue world" said Carlos Moreira, Chairman and Co Chief
Executive of Wisekey.
DestiNY USA with its scale and ambition to create 250,000 new jobs
in NYC will be the pre-eminent environment for the benefits that
Digital security can provide.
"WISeKey is very pleased to be involved with DestiNY USA, not only
for business reasons but also due to their leadership approach. The
New York State economic development model utilizes money that does
not exist today to drive economic expansion.  The risk being shifted
from Government to the private sector because the community benefits
are earned well before any incentives are paid insuring that there is
never any net tax payer money involved. The big winners here are the
taxpayers said Malcolm Hutchinson Co-Chief Executive of WISeKey. "We
will be basing much of our activity in Syracuse so that it can
benefit from the leading edge environment" he added.
The DestiNY USA Economic Development Model's sheer scale and
vision enable profound changes to the design / construction industry,
renewable energy sector, approaches to security, lifestyle
activities, transportation and Non-stop Retail.
"We congratulate The Governor's Centre of Excellence Program, the
Governor himself, and the legislative bodies involved for creating an
environment that both supports and stimulates this leadership and
vision," Malcolm Hutchinson said.

Contact:

Daniel Ybarra
Director Corporate Communications
WISeKey SA
Phone: +41/22/929'57'57
e-mail: Daniel@wisekey.ch

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