Latest news with #Geneva
New York Times
21 hours ago
- Business
- New York Times
‘This new league would create confusion': EuroLeague CEO on NBA, expansion, NCAA and more
It is an interesting moment in European basketball. The EuroLeague has long been considered the second-best basketball league in the world, after the NBA. But the NBA has recently shown interest in forming a new league on the continent and may launch within the next few years as it continues to examine how and when it should do so. Advertisement That has left questions about what it would mean for the EuroLeague and its future, or if the two leagues can work together. The EuroLeague has also taken steps forward to grow. It has expanded to 20 teams, and had, for a time, considered taking an outside investment from a private equity firm. As for its relationship with the NBA, executives from the two leagues and FIBA sat down for a meeting in Geneva in May and have signaled an openness to work together. In The Athletic's continuing series of Executive Q&A sessions, EuroLeague CEO Paulius Motiejūnas spoke to The Athletic this week to discuss the league's future, its relationship with the NBA, his thoughts on the wave of European players leaving for NCAA schools and more. Note: This interview was edited for length and clarity. It seems like you and the NBA have been building your relationship over the last few months. I know things had not been well for a period of time there, but you had that meeting in Geneva. Where do things stand between the NBA and EuroLeague? Listen, it was a positive meeting. It was the first time out of many years that everybody was at the same table. And we need to thank FIBA for being in the middle and trying to put everybody on the same page. What we heard is the same as what is publicly known, that they're in the exploration mode, and they're trying to see how and what. We said to them, like we said publicly, we don't believe that the new league is something that would help the market. So we left with an open mind, saying that we're ready to collaborate. And the question is, how and when. We keep growing, and we keep doing our homework and maximizing the game of basketball in Europe. So I believe that only helps all the sides. And as a next step, I believe we'll have another meeting, I would say around September or during September to sit down again and hopefully get into a deeper discussion and analyzation of how we can work together. Advertisement Because I repeat it and I said it before: we don't need a new league. We are doing really good. The league is growing. We're happy to go and do it together with NBA and continuously use their power to grow the basketball in Europe. So we're open to that. What would collaboration with the NBA look like? They have a really strong image. They can help with TV deals. They can help with sponsorship. We can grow the pie bigger if we go and work together. This is always the same message. We need to care about the basketball, the basketball fan, and if we can monetize the game better — and we believe that with the NBA, we can do it better — that's the strength that we could get them to bring in, and then it comes from that. But we have a huge fan base. We have 25 years of history. This is what we said to them. Why not sit down and see how we go and make decisions together, rather than just creating a new league and for them to start over? This is basically our message. And like I said, we are open to making decisions together and pitching together and working together to, firstly, grow the pie, and then, you know, the division part is easy. First you need to kill the animal to see how much meat is on the table to divide. Would you be open to or have you discussed an NBA investment into EuroLeague? It has to come from them. We cannot go and say, you know, do it yourself. So I really believe that's why we stopped our process or put it on hold, to see and keep this option open. Most people see that if the NBA expands to Europe and starts its league, that will be a bit of a threat to the Euroleague. Do you see it that way? And do you feel like that's changed now that you guys are on better terms? I don't see it as a threat to us, to the league. We can see from the TV deals, we can see from the sponsorship, we can see from the interest of the clubs to play EuroLeague that it's not a threat and it's more a confusion. And if you look at the bigger picture, I keep repeating this, we need to care about the game — the game of basketball and the fan of basketball. Advertisement This new league would create confusion. It would create division and on simple terms, you go to the sponsor, and you say, 'I'm now this new, you know, NBA League.' And then we go, 'Well, we are EuroLeague.' And then, oh, there's this Champions League; oh, there's this Euro Cup. For the hardcore fans, everybody knows EuroLeague, and everybody knows Europe. And we are not afraid to lose these fans, because we believe we have a better product right away on the court. But when we want to grow all together to go and sell this product, you would turn on the TV and you have no idea if it's a top-tier competition, second-tier, or third-tier. That's what I mean, we can lose the potential to grow the product and get the fans to follow us because we really have the best basketball in the world on the court. Do you have any concerns about any of your A license clubs going to play in the other league? I'm really optimistic. There's a lot of confusion. And like you said, NBA is still exploring. They're talking about another two, three years. Quoting you, obviously. We are growing. Why would you leave the league which is growing? So we are doing what depends on us. We remain optimistic. We took all the right decisions. The numbers are showing this, and the future will decide. I cannot see the future, but let's see. We are doing everything that's in our hands to grow the product and grow the league. And I'm sure the clubs are acknowledging that, and they will stay with us. For next season, the EuroLeague has expanded to 20 teams. I think you're still trying to figure out the destinations for a few final fours. What would you say is the state of the league right now? Growing. I think expansion and everything — the (2025) Final Four in Abu Dhabi was a great new step. Now going to 20 teams, but keeping the same calendar, it's a huge step. So really, we are 25 years young, and it's only getting started. That's what we keep saying, because, by numbers, in the arena, outside the arena, sponsorship numbers, you know, everything; so growing is the right term. What was the reason behind expanding from 18 to 20 teams for this upcoming season? We see a lot of teams that are ready, we see a lot of potential, and we see that the competition level will be the same or even grow. I think that's the main reason, when you see that the teams are mature enough to play and to come and join you, this is an inevitable step. That's why we took two steps. One is to expand, and the other one is to give (multi)-year wild cards for the clubs so that they know that there's some stability in it. One of the teams that you gave a multi-year wild card to was Dubai Basketball. What is the benefit for your league of having Dubai Basketball in there, and how do you plan to expand the relationship with the Gulf states going forward? The first step was the final four. And because it was a success, because Dubai was a success in the Adriatic League, we think it's the right step to open up that market. You know how sports is a priority there. There's a lot of financial backing, whether it's golf, whether it's tennis, whether it's football, you know and we think the basketball deserves to be there as well. Not only with the friendly games or the Final Four, but they proved that they can deliver. They can travel. And you're right, it's not Europe, but it's also not that far. It's a gradual growth, but let's see what the next steps are. I know that you have been searching for a while for private equity investment. Where does that stand? It's on standby, but it's still in the books, and one of the reasons it's on the standby is obviously the chance to go and talk to the NBA and have them come into the mix. You've said that your revenue has grown by about four and a half times over the last 10 years. I know you just renewed media rights deals in a number of the countries in Europe where you have teams. Financially, how big do you think the market can be for the Euroleague? We need to become a tier one sport in Europe. We are not. We need to compete with Formula One. We need to compete with tennis. I can take the UK, for example. Everybody knows it's a football sport, and then you have rugby, and then you have everything else. But the number of people playing basketball is amazingly big because it's a sport that is catching up. I don't think there's a cap. You've had a good amount of European players come to the NCAA this past year, with them being able to be paid now. Is that a problem for those teams that develop the talent? How do you deal with that? I hope it's a short-term problem. The goal of signing young players is to have them play in EuroLeague and to play for the main team. Before, it was them staying inside (the club) and you being able to grow them. Right now, they take this path to go to the NCAA but with a goal. Everybody goes there believing that they will play in the NBA, but we all understand that it will be a small percentage who make that. So I think eventually they will have to come back to Europe. And that's why I say it's a short-term problem. Advertisement It's been, what, two years — now the third year —so maybe one or two more years, and the graduates will have to find a place to play. And I think the loophole will close itself. It's also bad for the NBA. It's also bad for the player this young to get millions, to lose the passion to play basketball. I think one is the money that they get. And the second thing that I always point out is that now they can go from one university to another when they open the portal, and you're no longer forced to finish the university and get the degree, which was always what was good? Because now when you keep going around, I think it's quite difficult to get there. So I hope it's a short-term problem, and we will go back, and European teams will continue to grow players like they do. Because it seems like it's hard for the European teams to compete with the colleges because they pay more from what it seems like. No, now it's insane. It's impossible to compete. Now it's insane. It just doesn't make any sense.
Yahoo
a day ago
- Business
- Yahoo
Relief Therapeutics Announces Proposed Business Combination with NeuroX, Successor to MindMaze
NeuroX recently acquired the assets and operations of MindMaze, a world-renowned leader in evidence-based neurotherapeutic solutions for neurological diseases and brain disorders Business combination to create an expanded, SIX-listed, commercial-stage, AI-driven, scalable health tech company Binding term sheet signed; transaction subject to customary conditions and approvals Closing expected in Q4 2025 GENEVA, SWITZERLAND / / July 29, 2025 / RELIEF THERAPEUTICS Holding SA (SIX:RLF)(OTCQB:RLFTF)(OTCQB:RLFTY ) ("Relief" or the "Company"), a biopharmaceutical company committed to delivering innovative treatment options for select specialty, unmet and rare diseases, today announced the execution of a binding term sheet for a proposed business combination with NeuroX Group SA ("NeuroX"), a privately held company that recently acquired the assets and operations of MindMaze - a recognized leader in digital neurotherapeutics and brain health technologies. The envisaged combination aims to create a publicly listed, AI-based therapeutics platform integrating software-delivered, disease-modifying clinical interventions with pharmacological treatments and a comprehensive brain health platform to improve the quality of life of patients, caregivers and families. NeuroX will contribute a clinically validated, risk-mitigated portfolio supported by multiple milestones achieved across technological development, regulatory approvals, and market access, as well as a solid network of pharmaceutical partners. Dr. Raghuram Selvaraju, chairman of the board of directors of Relief, commented: "By entering into this transaction, we intend to bring a global pioneer in digital neurotherapeutics to the public markets through the Relief ecosystem. NeuroX, which now operates the MindMaze platform, has a compelling business model, an established track record of innovation, and a distinctive technology that integrates neuroscience and digital therapeutics to address some of the most pressing challenges in neurology. We believe this combination has the potential to create significant value for patients, clinicians, and shareholders. Importantly, it offers existing Relief shareholders the opportunity to participate in the growth of a scalable enterprise with potential to become a multi-billion-dollar company." Alexandre Capet, head of corporate development of NeuroX, commented: "The business combination with Relief presents a timely opportunity to build on the vision and ambition set by MindMaze on a global scale, accelerating our market presence and next phase of growth. Over the past decade, we have built a robust portfolio of clinically validated digital neurotherapeutics and invested heavily in commercial infrastructure, AI technology, and R&D. With increased visibility and a solid foundation in place, we believe this transaction comes at a pivotal inflection point in our journey. It positions us to scale more effectively as a publicly listed company and expand the reach of our breakthrough therapies." NeuroX and MindMaze OverviewNeuroX is a Swiss-based, commercial-stage company. In 2025, NeuroX acquired the operations and intellectual property of the legacy MindMaze group ("MindMaze"), including the MindMaze ® brand. MindMaze has developed first-of-its-kind neurotherapeutics that provide disease-modifying motor and cognitive treatments for neurological diseases and brain disorders. These neurotherapeutics are delivered through proprietary software and hardware, underpinned by an advanced brain technology platform that integrates wearables and sensors, and provides digital assessments as well as telehealth services. The unique suite of MindMaze solutions is delivered globally across the continuum-of-care, both in-clinic and in patients' home, to successfully address some of neurology's major unmet needs. NeuroX has already partnered with leading pharmaceutical companies that use its proprietary technology across multiple clinical trials. Over the last decade, MindMaze has invested more than USD 350 million to establish clinical evidence, demonstrate significant medico-economic outcomes, and market MindMaze's disease-modifying therapeutic platform across neurological diseases, including stroke, Parkinson's disease, and at-risk aging. In the United States, MindMaze has received a unique reimbursement code (CAT-3) to support the delivery of its home-based neurotherapeutic training. Its R&D pipeline focuses on adjacent neurological diseases, such as spinal cord injury, multiple sclerosis, traumatic brain injury, and Alzheimer's disease/dementia. Moved by the mission to accelerate the brain's ability to recover, the MindMaze platform innovates by combining software-delivered behavioral treatments, drugs, devices, data, and AI to establish a new paradigm of precision medicine in neurology and neural repair. For more information, visit . Transaction OverviewUnder the terms of the term sheet, NeuroX shareholders will exchange at closing all outstanding shares of NeuroX for newly issued shares of Relief. The transaction is based on agreed equity valuations of CHF 100 million for Relief, representing a significant premium to its current market capitalization, and CHF 1 billion for NeuroX. Post-closing, Relief shareholders are expected to own approximately 9% of the combined entity on a fully diluted basis, with NeuroX shareholders holding the remaining 91%. The combined entity's shares will continue trading on the SIX Swiss Exchange. The term sheet provides for full exclusivity during the negotiation and finalization of a definitive agreement, as well as a customary break fee, reflecting the commitment of both parties to advance the transaction. It also includes a one-year post-closing reset mechanism to adjust the ownership ratio within certain parameters based on the combined entity's market value at that time. The transaction remains subject, among other customary conditions, to the negotiation and execution of a definitive agreement, completion of satisfactory due diligence, approval by the shareholders of both companies, completion of concurrent financing by NeuroX, filing of regulatory documentation with the applicable securities authorities, and receipt of regulatory and stock exchange approvals. There can be no assurance that the transaction will be completed on the terms described herein or at all. The parties expect to finalize the definitive transaction agreement in Q3 2025, with closing anticipated in Q4 2025. ABOUT RELIEFRelief is a commercial-stage biopharmaceutical company dedicated to advancing treatment paradigms and improving the lives of patients with rare and debilitating diseases. With core expertise in drug delivery systems and drug repurposing, Relief's clinical pipeline includes innovative treatments designed to address critical unmet medical needs in rare dermatological, metabolic and respiratory conditions. The Company has also successfully brought several approved products to market through licensing and distribution partnerships. Headquartered in Geneva, Relief is listed on the SIX Swiss Exchange under the symbol RLF and quoted in the U.S. on OTCQB under the symbols RLFTF and RLFTY. The Company has access to a CHF 50 million equity commitment in the form of a share subscription facility with its largest shareholder, Global Emerging Markets (GEM). For more information, visit CONTACTRELIEF THERAPEUTICS Holding SAJeremy MeinenChief Financial Officercontact@ DISCLAIMERThis press release contains forward-looking statements, which may be identified by words such as "believe," "assume," "expect," "intend," "may," "could," "will," or similar expressions. These statements are based on current plans and assumptions and are subject to risks and uncertainties that could cause actual results, financial condition, performance, or achievements to differ materially from those expressed or implied. Such factors include, but are not limited to, changes in economic conditions, market developments, regulatory changes, competitive dynamics, and other risks or changes in circumstances. This communication is provided as of the date hereof, and Relief undertakes no obligation to update any forward-looking statements contained herein as a result of new information, future events or otherwise. The information provided on NeuroX and MindMaze within this press release is provided by NeuroX. Relief makes no representation or warranty as to the accuracy, completeness, or reliability of such information and disclaims any obligation or liability in connection with it. No offer or solicitation: This press release does not constitute (i) a prospectus within the meaning of the Swiss Financial Services Act or under any other applicable laws, (ii) a solicitation of proxy, consent or authorization with respect to any securities or in respect of the proposed business combination or (iii) an offer to sell, a solicitation of an offer to buy, or a recommendation to buy any security of Relief, NeuroX, or any of their respective affiliates. There shall not be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the laws of such other jurisdiction. This press release should not be treated as offering material of any sort and is for information purposes only. SOURCE: Relief Therapeutics Holding SA View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
2 days ago
- Business
- Globe and Mail
SEALSQ's Strategic Investment in WISeSat Propels Satellite Constellation Growth and Accelerates Commercialization of Post-Quantum Space Technology
Geneva, Switzerland, July 28, 2025 (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 announced a strategic investment in the Swiss satellite technology venture of its parent company, WISeKey International Holding Ltd ('WISeKey') (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company. This investment aims to fuel the expansion of WISeSat's Low Earth Orbit (LEO) satellite constellation and fast-track the commercialization of its groundbreaking post-quantum-ready space technology. The announcement follows the signing of a strategic partnership between and EnduroSat, the leading Bulgarian space technology firm, further expanding WISeSat's global collaboration network. This partnership complements prior alliances with FOSSA Systems (Spain), PLD Space (Spain), Astrocast (Switzerland), Skyroot Aerospace (India), and SpaceX (USA), demonstrating commitment to international cooperation in building a secure space communications infrastructure. post-quantum-enabled satellite constellation is now testing advanced applications, including device-to-device post-quantum communication. The next major milestone will allow mobile phones to directly connect to the satellite constellation — anytime, anywhere — a capability that can already be previewed in real time via the interactive world map: Currently comprising of 21 LEO satellites, the constellation orbits Earth at altitudes between 500–600 km, completing a full orbit in approximately 90 minutes at speeds of 7.8 km/s (≈17,500 mph). The constellation provides more than 10 daily data transmission windows, ensuring near-global coverage and making it a foundational layer for secure and resilient global communications. This infrastructure supports bold vision, laying the groundwork for space-to-space and space-to-ground quantum resistant communication systems The growing convergence of quantum technology and space infrastructure is drawing attention from many investors. SEALSQ's investment in follows a wave of quantum-focused transactions in the sector, including IONQ's acquisition of Capella Space, as companies race to secure the future of space communications. 'Securing satellite communications is a complex challenge, especially for long-duration devices with limited physical access,' said Carlos Moreira, CEO of SEALSQ. 'Traditional cryptographic methods are no longer sustainable in the age of quantum computing. Our strategy of integrating post-quantum algorithms and implementing secure mechanisms in hardware, is designed to anticipate and address these emerging threats. SEALSQ's support accelerates our ability to deliver this future-ready solution.' By integrating Post-Quantum Cryptography (PQC) into both the software and hardware layers of its satellites, ensures long-term, tamper-resistant security across its entire infrastructure. SEALSQ-developed secure elements are embedded directly into the onboard satellite systems, allowing: Cryptographic separation: PQC processes are isolated from core control systems, minimizing the attack surface. Hardware-based key storage: Quantum-resistant keys are generated, stored, and managed in tamper-proof secure hardware. Resilient Over-the-Air (OTA) updates: Firmware, certificates, and keys can be updated securely during the satellite's lifecycle. Post-Quantum Secure Boot and Communication: Every signal, from launch to ground station to end-user device, is cryptographically signed using NIST-recommended post-quantum algorithms like CRYSTALS-Kyber. This integrated security architecture enables trusted communication between satellites, mobile devices, and terrestrial infrastructures, providing a robust foundation for governments, enterprises, and defense systems seeking long-term protection against quantum-era threats. About SEALSQ: SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable. SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries. For more information on our Post-Quantum Semiconductors and security solutions, please visit Forward-Looking Statements This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include 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. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC. SEALSQ Corp 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.
Yahoo
2 days ago
- Business
- Yahoo
SEALSQ's Strategic Investment in WISeSat Propels Satellite Constellation Growth and Accelerates Commercialization of Post-Quantum Space Technology
Geneva, Switzerland, July 28, 2025 (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 announced a strategic investment in the Swiss satellite technology venture of its parent company, WISeKey International Holding Ltd ('WISeKey') (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company. This investment aims to fuel the expansion of WISeSat's Low Earth Orbit (LEO) satellite constellation and fast-track the commercialization of its groundbreaking post-quantum-ready space technology. The announcement follows the signing of a strategic partnership between and EnduroSat, the leading Bulgarian space technology firm, further expanding WISeSat's global collaboration network. This partnership complements prior alliances with FOSSA Systems (Spain), PLD Space (Spain), Astrocast (Switzerland), Skyroot Aerospace (India), and SpaceX (USA), demonstrating commitment to international cooperation in building a secure space communications infrastructure. post-quantum-enabled satellite constellation is now testing advanced applications, including device-to-device post-quantum communication. The next major milestone will allow mobile phones to directly connect to the satellite constellation — anytime, anywhere — a capability that can already be previewed in real time via the interactive world map: Currently comprising of 21 LEO satellites, the constellation orbits Earth at altitudes between 500–600 km, completing a full orbit in approximately 90 minutes at speeds of 7.8 km/s (≈17,500 mph). The constellation provides more than 10 daily data transmission windows, ensuring near-global coverage and making it a foundational layer for secure and resilient global communications. This infrastructure supports bold vision, laying the groundwork for space-to-space and space-to-ground quantum resistant communication systems The growing convergence of quantum technology and space infrastructure is drawing attention from many investors. SEALSQ's investment in follows a wave of quantum-focused transactions in the sector, including IONQ's acquisition of Capella Space, as companies race to secure the future of space communications. 'Securing satellite communications is a complex challenge, especially for long-duration devices with limited physical access,' said Carlos Moreira, CEO of SEALSQ. 'Traditional cryptographic methods are no longer sustainable in the age of quantum computing. Our strategy of integrating post-quantum algorithms and implementing secure mechanisms in hardware, is designed to anticipate and address these emerging threats. SEALSQ's support accelerates our ability to deliver this future-ready solution.' By integrating Post-Quantum Cryptography (PQC) into both the software and hardware layers of its satellites, ensures long-term, tamper-resistant security across its entire infrastructure. SEALSQ-developed secure elements are embedded directly into the onboard satellite systems, allowing: Cryptographic separation: PQC processes are isolated from core control systems, minimizing the attack surface. Hardware-based key storage: Quantum-resistant keys are generated, stored, and managed in tamper-proof secure hardware. Resilient Over-the-Air (OTA) updates: Firmware, certificates, and keys can be updated securely during the satellite's lifecycle. Post-Quantum Secure Boot and Communication: Every signal, from launch to ground station to end-user device, is cryptographically signed using NIST-recommended post-quantum algorithms like CRYSTALS-Kyber. This integrated security architecture enables trusted communication between satellites, mobile devices, and terrestrial infrastructures, providing a robust foundation for governments, enterprises, and defense systems seeking long-term protection against quantum-era threats. About SEALSQ:SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable. SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries. For more information on our Post-Quantum Semiconductors and security solutions, please visit Forward-Looking StatementsThis communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include 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. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC. SEALSQ Corp 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. SEALSQ MoreiraChairman & CEOTel: +41 22 594 3000info@ SEALSQ Investor Relations (US)The Equity Group CatiTel: +1 212 836-9611 lcati@ in to access your portfolio
Forbes
2 days ago
- Business
- Forbes
Chopard's Wonderful World: Nature-Themed Watches
Chopard Imperiale Four Seasons. Moving Through Time: Chopard's Imperiale Four Seasons Chopard applies its boundless creativity to the well-loved Imperale line with a new take on this time-honored classic: the limited edition Chopard Imperiale Four Seasons. Here, Chopard masterfully blends its penchant for watchmaking and fine jewelry craftsmanship to create a real stunner that comprises sculpted gold, mother-of-pearl marquetry, and diamonds. And while the aesthetics are arresting to say the least, watchmaking offers another opportunity to shine. Inside, beats the in-house developed L. U. C movement, orchestrating 227 components and bestowing 65 hours of power reserve. A rotating disc, indexed to the hour hand, completes a full revolution every 365 days. Its decor is painted mother-of-pearl marquetry, which transforms the miniature tableau into a moving landscape that conjures the cycle of the four seasons on the lower half of the dial. The upper half is embellished with 18-karat white gold sculpted into the image of a lotus flower, which is a recurring motif of the Imperiale. Satin-finished gold petals set off the delicate flower, each with polished gold veins. Open-worked dagger-shaped hour and minute hands add further dimension. The ethical white gold 36mm case is water resistant to 50 meters, and the bezel, crown, and lugs, also in ethical 18-carat white gold, are set with diamonds. The watch has an exhibition caseback for a mesmerizing view of the self-winding movement, operated via a tungsten alloy micro rotor. Four interchangeable alligator leather straps accompany the watch, each suggesting the palette of a season. Themes of Nature The natural world is an important theme for timepieces this year, with many brands showcasing their métiers d'art in a variety of exquisite watch collections. Last spring, Harry Winston introduced its botanical-inspired collection of watches and jewelry using emeralds, pink sapphires, yellow diamonds and more to evoke flowers in bloom. The new Rendez-Vous Shooting Star from Jaeger-LeCoultre offers two new variations this year. The watch, first introduced in 2022, derives its name from a dial design that expresses the effect of a shooting star when activated, here concealed by intricate hand-painted peonies when inactive. The 36mm pink gold pink peony model features a diamond-set pink gold bracelet; 625 brilliant-cut diamonds decorate the watch. The blue peony variation is paired with a shiny blue alligator leather strap; it is set with 189 brilliant-cut diamonds on the case and dial. The watch is fitted with the Jaeger Le-Coultre automatic caliber 734, with 70 hours of power reserve, visible through the exhibition caseback. Vacheron Constantin looks to the heavens with the early-July debut of its Métiers d'Art Tribute to the Celestial series of 12 watches, whose dials are decorated with a hand-guilloche depiction of a zodiac sign and its associated constellation. The 39mm white gold case is decked out in baguette-cut blue sapphires to complement the blue dials, which are in turn set with brilliant-cut diamonds to evoke stars, and the four signs representing human figures (Gemini, Virgo, Sagittarius and Aquarius) feature opaline details. It takes approximately 16 hours of focused work to create just one zodiac sign for each dial.
