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Today, WISeKey International Holding Ltd (WIHN.SW) (“WISeKey”) and OpenLimit Holding AG (O5H.DE) (“OpenLimit”) announced that they have signed a Memorandum of Understanding (“MoU”) regarding a contemplated business combination to be executed via a statutory merger under Swiss law, whereby OpenLimit would be merged with and into WISeKey, with WISeKey thus being the surviving entity. The entry into definitive agreements is in particular subject to satisfactory reciprocal confirmatory due diligence, to be conducted over the next month, and other conditions as are customary. In addition to the MoU, WISeKey has agreed to provide interim financing to OpenLimit through subscription to an equity-linked instruments issued by OpenLimit. WISeKey is a Swiss cybersecurity company whose Class B Shares are listed on the, SIX Swiss Exchange. OpenLimit is a Swiss cybersecurity comp... (more)

Mitsubishi Electric to Supply Fastest Elevators in South Korea

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has secured an order to deliver two elevators capable of ascending 600 meters per minute, which is expected to make them the fastest elevators in South Korea, according to Mitsubishi Electric research, when they are installed in the LCT Landmark Tower in Haeundae, Busan, in 2019. LCT will be a major complex consisting of four buildings: The Landmark Tower (411.6 meters high and 101 floors) housing a hotel and a residential hotel; two residential towers (339 meters and 331 meters high, and both 85 floors); and o... (more)

SafeZone™ IoT Security Framework from INSIDE Secure Delivers an Integrated Suite of Products That Addresses the Broad Spectrum of Critical IoT Security Needs

INSIDE Secure (Paris:INSD), a leader in embedded security solutions for mobile and connected devices, today announced its SafeZone™ IoT Security Framework, which delivers all of the basic security ingredients needed to build a secure device. It includes a common cryptographic framework providing FIPS140-2 certified cryptography in hardware or software integrated with security protocols such as TLS, DTLS, SSH and IPsec. Whether it’s for silicon, the booting process or for the cloud, or whether there are different hardware platforms or software solutions, INSIDE Secure’s SafeZone ... (more)

Jaunt Expands European Presence with Opening of Amsterdam Office

Jaunt Inc., the leading producer and publisher of fully-immersive cinematic virtual reality experiences, today announced the opening of an engineering and development office in Amsterdam, further establishing the company’s presence in Europe. The new office will give Jaunt access to a highly skilled and diverse development community in the region. “The Netherlands is an ideal location to support our advanced development efforts,” said Arthur van Hoff, co-founder and interim CEO of Jaunt. “As a truly international city, Amsterdam is a hotbed for engineers and developers known for... (more)

WISeKey (WIHN.SW) plant Fusion mit OpenLimit (O5H.DE), um die Cybersecurity- und IoT-Plattform zu erweitern und den Zugang zu dem deutschen und europäischen IoT-Markt zu erweitern

Heute gaben die WISeKey International Holding Ltd (WIHN.SW) („WISeKey”) und die OpenLimit Holding AG (O5H.DE) („OpenLimit”) bekannt, dass sie ein Memorandum of Understanding („MoU”) im Hinblick auf einen geplanten Unternehmenszusammenschluss unterzeichnet haben, der gemäß Schweizer Gesetzgebung durchgeführt wird, wobei OpenLimit mit WISeKey fusioniert und in das Unternehmen integriert wird und WISeKey als aufnehmende Gesellschaft fungiert. Der Abschluss des endgültigen Vertrags unterliegt insbesondere einer zufriedenstellenden beiderseitigen bestätigenden Due Diligence, die im ... (more)