WISeKey’s NFC VaultIC Chips Protect Vaccine Vials by Helping ManufacturesValidate, Authenticate and Track Shipments, and End-Users Verify the Origin of Vials
August 10 2021 - 11:00AM
WISeKey’s
NFC VaultIC Chips
Protect Vaccine Vials
by Helping
Manufactures
Validate,
Authenticate
and Track
Shipments,
and End-Users Verify the Origin of
Vials
For more information visit:
https://www.wisekey.com/products-services/secure-semiconductors/
Geneva, Switzerland – August 10, 2021 - WISeKey International
Holding Ltd (NASDAQ: WKEY; SIX: WIHN), a leading cyber security,
IoT, and AI platform company, today announced that is in
discussions with several vaccine manufacturers interested to use
the WISeKey NFC VaultIC Chips to protect their vaccine vials.
VaultIC Chips allow vaccine manufactures to validate, authenticate
and track shipments and give end-users the ability to verify the
origin of vials. The VaultIC NFC chips used to authenticate and
protect vaccine vials, are tamper-resistant microprocessors built
with firmware that enables a number of different cryptographic
functions, including authentication. The solution is compatible
with a wide variety of algorithms that meet the NIST standards, and
supports secret keys and certificates with on-chip data storage
capabilities. Other features include a hardware-based True Random
Number Generator and a secure software environment that offers
protected boot and firmware updates for IoT devices.
VaultIC also supports contactless access and contactless
transactions through the use of NFC technology.
WISeKey NFC VaultIC tags can inserted on the vaccine packing
boxes or trays that carry vaccine vials. Most vials used
for vaccines are made of borosilicate glass, which was
invented in 1897 by German chemist and glassmaker Friedrich Otto
Schott. It is primarily composed of silica (80 percent) and boric
oxide (10 percent), with a small amount of sodium oxide and
aluminum oxide also included. This type of glass has remained
popular because it is chemically inert.
The NFC VaultIC chips can be attached to the seals of the actual
vaccine vials, making it possible to track shipments and verify
their origins allowing reading in close proximity with standard NFC
phones.
The World Health Organization’s Director-General, Dr. Tedros
Adhanom Ghebreyesus, had already issued a warning about
counterfeit COVID vaccines being sold on the dark web. This turn of
events serves to remind the world about the dramatic impact of drug
counterfeiting, a booming organized crime industry growing at
the staggering pace of 20% annually. Back in 2017, PwC
(conservatively) estimated this black market was worth $200
billion. Currently, more than 10% of drugs sold worldwide are
allegedly fake, and in some low-income countries more than 50% of
drugs administered to patients are counterfeit; this is resulting
in more than 1 million deaths annually, according to
Interpol, higher than deaths caused by suicide or illicit drug
abuse.
WISeKey’s expertise in the design of NFC secure chips allied
with its WISeAuthentic original platform for the identification,
authentication, tracking and direct marketing of goods, provides
customer-fit solutions for brand protection. Nevertheless, the
historic lack of support of NFC tags by iPhones has limited the use
of the application by WISeKey’s clients and their end-customers.
Apple is now supporting NFC Forum NDEF tags, making WISeKey’s
solutions instantly available to millions of users, who can now
benefit from advanced security and protection against
counterfeiting.
About WISeKeyWISeKey (NASDAQ: WKEY; SIX Swiss
Exchange: WIHN) is a leading global cybersecurity company currently
deploying large scale digital identity ecosystems for people and
objects using Blockchain, AI and IoT respecting the Human as the
Fulcrum of the Internet. WISeKey microprocessors secure the
pervasive computing shaping today’s Internet of Everything. WISeKey
IoT has an install base of over 1.5 billion microchips in virtually
all IoT sectors (connected cars, smart cities, drones, agricultural
sensors, anti-counterfeiting, smart lighting, servers, computers,
mobile phones, crypto tokens etc.). WISeKey is uniquely
positioned to be at the edge of IoT as our semiconductors produce a
huge amount of Big Data that, when analyzed with Artificial
Intelligence (AI), can help industrial applications to predict the
failure of their equipment before it happens.
Our technology is Trusted by the OISTE/WISeKey’s Swiss based
cryptographic Root of Trust (“RoT”) provides secure authentication
and identification, in both physical and virtual environments, for
the Internet of Things, Blockchain and Artificial Intelligence. The
WISeKey RoT serves as a common trust anchor to ensure the integrity
of online transactions among objects and between objects and
people. For more information, visit www.wisekey.com.
Press and investor contacts:
WISeKey
International Holding LtdCompany Contact: Carlos
MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com |
WISeKey
Investor Relations (US)Contact: Lena CatiThe Equity
Group Inc.Tel: +1 212 836-9611lcati@equityny.com |
Disclaimer:This communication expressly or
implicitly contains certain forward-looking statements concerning
WISeKey International Holding Ltd and its business. Such statements
involve certain known and unknown risks, uncertainties and other
factors, which could cause the actual results, financial condition,
performance or achievements of WISeKey International Holding Ltd to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. WISeKey International Holding Ltd 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.This press release does not
constitute an offer to sell, or a solicitation of an offer to buy,
any securities, and it does not constitute an offering prospectus
within the meaning of article 652a or article 1156 of the Swiss
Code of Obligations or a listing prospectus within the meaning of
the listing rules of the SIX Swiss Exchange. Investors must rely on
their own evaluation of WISeKey and its securities, including the
merits and risks involved. Nothing contained herein is, or shall be
relied on as, a promise or representation as to the future
performance of WISeKey.
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