SEALSQ Corp ( LAES ) shares are trading lower on Wednesday.

The company has announced a significant milestone in its development of post-quantum security technology, with plans to unveil its QS7001 Post-Quantum Secure Chip.

The chip, which is designed to protect blockchain infrastructures and cryptocurrency wallets from the emerging threats of quantum computing, is currently undergoing certification and is expected to be released by the end of 2025.

The QS7001 Chip offers protection for blockchain platforms, including Hedera and WeCan, which are already integrating SEALSQ’s quantum-resilient security into their core systems.

The chip uses quantum-resistant cryptographic algorithms, including NIST-recommended CRYSTALS-Kyber and CRYSTALS-Dilithium, ensuring long-term security for digital transactions and assets.

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Carlos Moreira, CEO of SEALSQ ( LAES ), highlighted the growing need for quantum-secure infrastructures, stating that with the QS7001 Chip, SEALSQ ( LAES ) equips blockchain platforms to transition to post-quantum cryptography seamlessly.

The chip addresses risks such as “harvest now, decrypt later” attacks, where adversaries collect encrypted blockchain data to decrypt later using quantum computing.

SEALSQ’s collaboration with leading platforms like Hedera and WeCan underscores the importance of preparing for a quantum-safe digital future.

Recently, the company reported worse-than-expected 2024 fiscal-year financial results, where reported a loss of 60 cents per share, compared to a loss of 21 cents per share in the 2023 fiscal year.

In addition, the company reported sales of $10.98 million, beating analysts’ estimate of $7.40 million, but marking a significant decrease from $30.05 million in sales for the 2023 fiscal year.

SEALSQ ( LAES ) attributed the revenue drop to its shift from traditional semiconductors to next-gen quantum-resistant chips, the early stage of the post-quantum market potential and market normalization following COVID-19-related supply chain disruptions.

According to Benzinga Pro, LAES stock has gained over 93% in the past year. Investors can gain exposure to the stock via Direxion Work From Home ETF ( WFH ) .

Price Action: LAES shares are trading lower by 2.77% to $2.985 at last check Wednesday.

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