Geneva (ots) - WISeKey SA announced today 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 industries estimated to reach one
trillion dollars by 2010 these companies need a solution that will
prove authenticity. The technology is virtually fail-safe, as the
encrypted data within the SmartCard's chip is impossible to replicate
and will remain so for the foreseeable future, according to analysts,
mathematicians and academics who participated in the development of
WISeKey's technology. WISeAuthentic can be used with jewelry, beauty
products, haute couture, airline and automotive parts, luxury goods,
pharmaceuticals, software and digital media.
In addition to the anti-counterfeiting contracts, WISeKey closed
deals for its 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 can
access and transact online with different logon mechanisms. Depending
on the logon mechanism used, the Citizen portal will be adapted
automatically to the functionalities allowed for the mechanism used.
For example, with a high security electronic identity card, a citizen
would be able to undertake the most complex transactions whilst the
use of a simple login/password mechanism would limit the
functionalities available to the Citizen.
For more information please visit www.wisekey.com
ots Originaltext: WISeKey SA
Estrella Vela Corporate
Vice-President, Business Development