SEALSQ Pioneers Blockchain-Based Carbon Credit System Following COP29 Standards | LAES Stock News

11/13/2024 – 09:23 AM

Geneva, Switzerland, Nov. 13, 2024 (GLOBE NEWSWIRE) — SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Company”), a leader in the development of post-quantum technology, announced today its alignment with the newly adopted COP29 standards, setting a robust foundation for its commitment to sustainability within the IoT industry. The latest standards, agreed upon by participating nations at the UN COP29 climate summit in Baku, Azerbaijan, lay the groundwork for a transformative carbon crediting framework under the Paris Agreement. SEALSQ is prepared to play a critical role in helping companies efficiently manage their CO₂ offsets, advancing the decarbonization of the IoT sector.

At COP29, countries reached a milestone by establishing standards for carbon credits, under Article 6.4 of the Paris Agreement. These new guidelines set clear requirements for creating, assessing, and validating projects, particularly in carbon removal, through the Paris Agreement Crediting Mechanism, which succeeds the Clean Development Mechanism of the Kyoto Protocol. COP29 President Mukhtar Babayev, highlighted the significance of this breakthrough as “a sign of early momentum” and emphasized its potential to channel resources effectively to the developing world. These standards mark the beginning of much-anticipated progress on Article 6, following prior stalemates.

SEALSQ’s integration into carbon market infrastructure aligns with the vision of COP29 by addressing challenges in transparency and efficiency within traditional carbon markets. By leveraging blockchain technology, SEALSQ provides an immutable and transparent ledger for tracking and retiring carbon credits, ensuring that carbon removal projects can be validated and managed with integrity. This approach facilitates the registration of projects under the new standards, empowering businesses to contribute meaningfully to global climate goals.

Carlos Moreira, CEO of SEALSQ, commenting on the Company’s commitment to these new standards, noted, “It is an honor to align our mission with the groundbreaking COP29 standards and lead positive transformation within the IoT space. SEALSQ’s solutions reflect our dedication to building a sustainable future, and we believe these innovations will be essential tools as the industry responds to the global climate agenda. We are eager to drive impactful change and inspire further responsibility in the sector.”

SEALSQ’s initiatives aim to provide businesses with the tools needed to manage their energy and resource dynamics, making sustainability an integral part of their operations. Through SEALSQ, companies can adopt a transparent approach to offsetting their emissions, aligning with the Paris Agreement’s ambitious goals. This initiative not only reinforces corporate responsibility but meets growing demands for eco-friendly practices, enhancing brand reputation and contributing to a cleaner global ecosystem.

By incorporating SEALSQ as a dual engine for operational efficiency and sustainability, SEALSQ enables a new business paradigm where profitability coexists with environmental stewardship. As the IoT sector continues to expand, SEALSQ’s blockchain-enabled carbon credits system offers a clear and sustainable pathway for companies to offset their emissions, underscoring a responsible commitment to the planet.

Through this approach, SEALSQ is poised to contribute significantly to the Paris Agreement’s vision and the newly established COP29 standards, setting a new standard for transparency and accountability in the IoT industry.

SEALSQ is addressing longstanding challenges in the carbon market—such as transparency, efficiency, and fraud—through innovative technology and blockchain integration. SEALSQ, in collaboration with CarbonMinus, enables a digitized and fraud-resistant carbon credits system, ensuring a transparent and immutable ledger for tracking and retiring credits. This advancement not only reinforces the integrity of carbon markets but also empowers companies to contribute effectively to global climate change efforts.

SEALSQ is committed to equipping businesses with the tools needed to optimize energy and resources. This initiative enables companies to embed environmental responsibility within their core operations, fostering a sustainable brand image and aligning with the global demand for eco-conscious business practices.

The collaboration also introduces a new business paradigm, merging operational efficiency with green initiatives. This dual focus ensures profitability while embedding a purpose-driven strategy within the industry’s foundation, paving the way for a more sustainable and financially rewarding future.

As the IoT industry’s carbon footprint grows, the SEALSQ-CarbonMinus partnership represents a pioneering step toward a sustainable ecosystem. By empowering businesses to transparently offset their emissions, this collaboration sets a new standard for environmental accountability in the digital era.

About SEALSQ
SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, Medical and Healthcare and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks. For more information, please visit www.sealsq.com.

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 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. 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.

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