SEALSQ Aligns with COP29 Standards to Drive Sustainable Transformation in the IoT Industry
November 13 2024 - 8:23AM
SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a leader in the
development of post-quantum technology, announced today its
alignment with the newly adopted COP29 standards, setting a robust
foundation for its commitment to sustainability within the IoT
industry. The latest standards, agreed upon by participating
nations at the UN COP29 climate summit in Baku, Azerbaijan, lay the
groundwork for a transformative carbon crediting framework under
the Paris Agreement. SEALSQ is prepared to play a critical role in
helping companies efficiently manage their CO₂ offsets, advancing
the decarbonization of the IoT sector.
At COP29, countries reached a milestone by
establishing standards for carbon credits, under Article 6.4 of the
Paris Agreement. These new guidelines set clear requirements for
creating, assessing, and validating projects, particularly in
carbon removal, through the Paris Agreement Crediting Mechanism,
which succeeds the Clean Development Mechanism of the Kyoto
Protocol. COP29 President Mukhtar Babayev, highlighted the
significance of this breakthrough as "a sign of early momentum" and
emphasized its potential to channel resources effectively to the
developing world. These standards mark the beginning of
much-anticipated progress on Article 6, following prior
stalemates.
SEALSQ’s integration into carbon market
infrastructure aligns with the vision of COP29 by addressing
challenges in transparency and efficiency within traditional carbon
markets. By leveraging blockchain technology, SEALSQ provides an
immutable and transparent ledger for tracking and retiring carbon
credits, ensuring that carbon removal projects can be validated and
managed with integrity. This approach facilitates the registration
of projects under the new standards, empowering businesses to
contribute meaningfully to global climate goals.
Carlos Moreira, CEO of SEALSQ, commenting on the
Company’s commitment to these new standards, noted, “It is an honor
to align our mission with the groundbreaking COP29 standards and
lead positive transformation within the IoT space. SEALSQ’s
solutions reflect our dedication to building a sustainable future,
and we believe these innovations will be essential tools as the
industry responds to the global climate agenda. We are eager to
drive impactful change and inspire further responsibility in the
sector.”
SEALSQ’s initiatives aim to provide businesses
with the tools needed to manage their energy and resource dynamics,
making sustainability an integral part of their operations. Through
SEALSQ, companies can adopt a transparent approach to offsetting
their emissions, aligning with the Paris Agreement’s ambitious
goals. This initiative not only reinforces corporate responsibility
but meets growing demands for eco-friendly practices, enhancing
brand reputation and contributing to a cleaner global
ecosystem.
By incorporating SEALSQ as a dual engine for
operational efficiency and sustainability, SEALSQ enables a new
business paradigm where profitability coexists with environmental
stewardship. As the IoT sector continues to expand, SEALSQ’s
blockchain-enabled carbon credits system offers a clear and
sustainable pathway for companies to offset their emissions,
underscoring a responsible commitment to the planet.
Through this approach, SEALSQ is poised to
contribute significantly to the Paris Agreement’s vision and the
newly established COP29 standards, setting a new standard for
transparency and accountability in the IoT industry.
SEALSQ is addressing longstanding challenges in
the carbon market—such as transparency, efficiency, and
fraud—through innovative technology and blockchain integration.
SEALSQ, in collaboration with CarbonMinus, enables a digitized and
fraud-resistant carbon credits system, ensuring a transparent and
immutable ledger for tracking and retiring credits. This
advancement not only reinforces the integrity of carbon markets but
also empowers companies to contribute effectively to global climate
change efforts.
SEALSQ is committed to equipping businesses with
the tools needed to optimize energy and resources. This initiative
enables companies to embed environmental responsibility within
their core operations, fostering a sustainable brand image and
aligning with the global demand for eco-conscious business
practices.
The collaboration also introduces a new business
paradigm, merging operational efficiency with green initiatives.
This dual focus ensures profitability while embedding a
purpose-driven strategy within the industry’s foundation, paving
the way for a more sustainable and financially rewarding
future.
As the IoT industry’s carbon footprint grows,
the SEALSQ-CarbonMinus partnership represents a pioneering step
toward a sustainable ecosystem. By empowering businesses to
transparently offset their emissions, this collaboration sets a new
standard for environmental accountability in the digital era.
About SEALSQSEALSQ focuses on
selling integrated solutions based on Semiconductors, PKI and
Provisioning services, while developing post-Quantum technology
hardware and software products. Our solutions can be used in a
variety of applications, from Multi-Factor Authentication tokens,
Smart Energy, Smart Home Appliances, Medical and Healthcare and IT
Network Infrastructure, to Automotive, Industrial Automation and
Control Systems.Post-Quantum Cryptography (PQC) refers to
cryptographic methods that are secure against an attack by a
quantum computer. As quantum computers become more powerful, they
may be able to break many of the cryptographic methods that are
currently used to protect sensitive information, such as RSA and
Elliptic Curve Cryptography (ECC). PQC aims to develop new
cryptographic methods that are secure against quantum attacks. For
more information, please visit www.sealsq.com.
Forward-Looking StatementsThis
communication expressly or implicitly contains certain
forward-looking statements concerning SEALSQ Corp and its
businesses. Forward-looking statements include statements regarding
our business strategy, financial performance, results of
operations, market data, events or developments that we expect or
anticipate will occur in the future, as well as any other
statements which are not historical facts. Although we believe that
the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond our control. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. 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. Risks and uncertainties are further described in reports filed
by SEALSQ with the SEC.SEALSQ Corp is providing this communication
as of this date and does not undertake to update any
forward-looking statements contained herein as a result of new
information, future events or otherwise.
Press and Investor Contacts
SEALSQ
Corp.Carlos MoreiraChairman & CEOTel: +41 22 594
3000info@sealsq.com |
SEALSQ Investor Relations
(US)The Equity Group Inc.Lena CatiTel: +1 212 836-9611 /
lcati@equityny.comKatie MurphyTel: +212 836-9612 /
kmurphy@equityny.com |
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