Geneva, Switzerland, Sept.26, 2024 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today held its first half (H1) 2024 financial results conference call, during which Founder and CEO Carlos Moreira, along with CFO John O’Hara, provided key updates on the Company's financial performance, strategic initiatives, and future outlook.
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.
Moreira opened the call by discussing SEALSQ's performance during H1 2024, describing it as a transitional period marked by the slowdown in traditional semiconductor demand, due to excess component inventories from legacy customers and a decrease in orders for legacy semiconductor products as customers await the company’s next-generation post-quantum chips.
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