TORTOLA, British Virgin Islands - SEALSQ Corp (NASDAQ: LAES), a semiconductor and post-quantum technology firm, announced a strategic partnership with CarbonMinus to use blockchain technology for carbon offsetting in the IoT industry. The collaboration aims to integrate SEALSQ's SEALCOIN into efforts to reduce CO2 emissions, addressing transparency and efficiency challenges in the carbon credits market.
The partnership is designed to help businesses manage their energy and resource dynamics more effectively, promoting environmental responsibility alongside profitability. SEALSQ and CarbonMinus are focusing on elevating brands by aligning them with sustainable practices, a move that resonates with the growing demand for responsible business operations.
Carlos Moreira, CEO of SEALSQ, stated that the company is proud to join forces with CarbonMinus to drive positive change in the digital space through sustainability and blockchain technology. Ashok Ranadive, Co-founder and CEO of CarbonMinus, expressed excitement about the partnership, highlighting the potential for enhanced authenticity, security, and sustainability compliance in the IoT industry.
The use of SEALCOIN, based on blockchain, is expected to bring an unprecedented level of transparency and authenticity to carbon trading markets. This initiative comes as the IoT industry faces challenges related to its energy consumption and carbon footprint, with the partnership setting new standards for environmental responsibility.
SEALSQ specializes in selling integrated solutions based on semiconductors, PKI, and provisioning services, and is developing hardware and software products for post-quantum cryptography, which is secure against attacks by quantum computers. CarbonMinus offers a platform for sustainability, energy, and resources monitoring, aiming to improve operational efficiency and compliance with sustainability regulations.
This press release includes forward-looking statements about SEALSQ's business strategy and financial performance. These statements involve risks and uncertainties, and actual results may differ from those projected. The information is based on a press release statement.
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