Laser Photonics receives extension to regain compliance with Nasdaq
Laser Photonics (LASE) announced that it has received an extension until the close of business on June 20 to submit its 10-K for the period ended December 31, 2024, and its 10-Q for the period ended March 31, or provide Nasdaq with a plan to regain compliance. The company continues to work closely with its auditors to resolve the outstanding issues and file these reports as expeditiously as possible.
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Business Upturn
25 minutes ago
- Business Upturn
SEALSQ Invests $10 Million in WISeSat.Space, at $115 Million Pre-Money Valuation, to Accelerate Planned Satellite Constellation Deployment, Space-Based Quantum Key Distribution (QKD) Communications, and Decentralized IoT Transactions
Geneva, Switzerland, June 17, 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 that its Board of Directors has formally approved a $10 million strategic investment in AG ('WISeSat'), joining its parent company WISeKey International Holding Ltd ('WISeKey', SIX: WIHN; Nasdaq: WKEY), to accelerate the planned deployment of a secure, quantum-ready satellite constellation. The $10 million investment secures SEALSQ a 9% equity stake in WISeSat, based on a pre-money valuation of $115 million established through a valuation conducted by an independent expert. This milestone financing will enable WISeSat to scale up its operations and accelerate the deployment of its planned satellite constellation, as well as provide the flexibility to evaluate opportunities for expanding its access to pre-existing satellite infrastructure through strategic partnerships and investments. Additionally, WISeSat is finalizing preparations for the launch of WISeSat 3.0 during the last week of June 2025 from California. This post-quantum-ready next-generation satellite, enables quantum-secure communications from space, and has machine-to-machine transactions capabilities powered by SEALCOIN, a collaboration between WISeKey and The Hashgraph Association, using Hedera's decentralized ledger technology (DLT). WISeSat is also planning to expand its satellite launch operations by partnering with companies such as PLD Space in Spain and SkyRoot Aerospace in India, broadening its global launch footprint and increasing flexibility and resilience for future missions. This investment underscores SEALSQ's goal to building the world's first quantum-resilient satellite network, designed to deliver ultra-secure communications and transactional IoT (t-IoT) services globally. WISeSat's infrastructure enables SEALSQ to bring post-quantum Root of Trust and secure chips directly to IoT devices, even in the most remote locations. SEALSQ's investment not only accelerates technological advancement but also unlocks a transformational opportunity to secure trillions of IoT devices worldwide. The global quantum communication market, valued at over $1 billion in 2024, is projected to grow at a CAGR of 31.8% from 2025 to 2030.1 The increased demand for unbreakable security in finance, healthcare, and defense sectors fuels this momentum. The June 2025 WISeSat 3.0 launch will also feature a Proof of Concept demonstrating SEALCOIN's capacity for autonomous, decentralized satellite-to-IoT device transactions, laying the foundation for a new Satellite-as-a-Service (SataaS) model. This model should generate recurring revenue via connectivity subscriptions, secure data monetization, and blockchain-based machine-to-machine (M2M) payments. This breakthrough lays the foundation for scalable commercial deployments across sectors such as smart cities, logistics, energy, and defense. Quantum communication is the next frontier in cybersecurity, using the principles of quantum physics to secure information in a way that is physically impossible to intercept or decode without detection. With quantum computers expected to break traditional encryption within the next decade, organizations and governments are racing to adopt quantum-resilient infrastructure. Post-quantum security, especially via satellite-based Quantum Key Distribution (QKD), ensures secure data exchange across global networks. By placing this technology in orbit, WISeSat enables real-time, tamper-proof key distribution and communications to any point on Earth, including remote or disconnected regions. This capability is critical to secure global transactions in finance, protect sensitive healthcare data, defend national infrastructure, and maintain the integrity of mission-critical systems. 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. SEALSQ MoreiraChairman & CEOTel: +41 22 594 3000 [email protected] SEALSQ Investor Relations (US)The Equity Group CatiTel: +1 212 836-9611 [email protected] 1 'Quantum Communication Market Size, Share & Trends Analysis Report By Offering (Solutions, Services), By Transmission Medium, By Enterprise Size, By Vertical (BFSI, Government & Defense, Healthcare, Aerospace), By Region, And Segment Forecasts, 2025 – 2030', Grand View Research, 2025 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
29 minutes ago
- Yahoo
Kyivstar and Ministry of Digital Transformation of Ukraine sign Cooperation Memorandum to Launch National Large Language Model for Ukraine
Ukrainian LLM signing ceremony Dubai and Kyiv, June 17, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator, announces today that Kyivstar, VEON's digital operator in Ukraine, has joined forces with Ukraine's Ministry of Digital Transformation to develop Ukraine's first national large language model ('LLM') trained on Ukrainian-language data. The cooperation memorandum builds on VEON's and Kyivstar's pledge to invest USD 1 billion to rebuild Ukraine's digital infrastructure over 2023-2027. The parties plan to develop Ukrainian LLM using open-source architectures and trained exclusively on Ukrainian data sources. In addition to capturing the full range of Ukrainian dialects, terminology, history, and cultural context, the project is designed to ensure that sensitive national data is securely stored and processed within Ukraine, a critical requirement for sectors such as government, defense, healthcare, and financial services. The LLM will also serve as the foundation for AI-powered products and services, including legal and regulatory analysis tools, as well as specialized AI applications across both public and private sectors including in fields like education, finance, and health. Trained on Ukrainian data, the model is expected to deliver more accurate, relevant, and actionable insights for Ukrainian users than general-purpose global models. Kyivstar will develop the LLM in collaboration with Ukraine's Ministry of Digital Transformation and the WINWIN AI Centre of Excellence. The first version of the Ukrainian LLM is scheduled for release by December 2025. 'Today's agreement is major milestone in building a sovereign, secure and culturally relevant AI ecosystem to drive economic growth, while empowering Ukrainians with tools that enhance their lives,' said Kaan Terzioglu, CEO of VEON Group. 'Ukrainian LLM will empower users to access augmented intelligence tools with the full cultural context and depth of their native language and national resources. We consider it a privilege to be supporting Ukraine's digital transformation powered by AI. This initiative demonstrates the true meaning of our commitment to building Ukraine's digital future with our investments.' Oleksandr Komarov, CEO of Kyivstar, added, 'Leading the development of Ukraine's national LLM is aligned with our vision as VEON's digital operator in Ukraine. With Kyivstar's deep technological expertise, AI capabilities, and commitment to national development, we are proud to contribute to Ukraine's digital sovereignty while delivering locally relevant innovation that serves businesses, institutions, and citizens alike.' The development of Ukraine's first national LLM marks the latest expansion of VEON's Group-wide initiatives to close the AI language gap for underrepresented languages across its markets, empowering solutions that augment capabilities for consumers and enterprises. The pioneering KazLLM, launched in Kazakhstan in December 2024 as a partnership of VEON's QazCode, Institute of Smart Systems and Artificial Intelligence at Nazarbayev University (ISSAI NU) and Astana Hub, today powers the 'AI Tutor' on Janymda super-app. In Pakistan, VEON's digital operator Jazz is collaborating with the National University of Sciences and Technology (NUST) and the National Information Technology Board (NITB) to develop a local LLM in Urdu language. About VEONVEON is a Nasdaq-listed digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. For more information visit: About KyivstarKyivstar is Ukraine's largest digital operator, serving over 24 million mobile subscribers and 1.3 million fixed-line users. As VEON's digital operator in Ukraine, Kyivstar offers a comprehensive portfolio of digital services to individuals and businesses, with a strong focus on AI-powered innovation and national digital development. DisclaimerThis release contains 'forward-looking statements', as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON's strategic priorities, operating model and development plans as well as VEON's ability to achieve anticipated results and business objectives. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. Contact Information VEON Hande AsikGroup Director of Communications pr@ Investor Relationsir@ ward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. Contact Information VEON Hande AsikGroup Director of Communications pr@ Investor Relationsir@ Ukrainian LLM signing ceremonySign in to access your portfolio
Bloomberg
33 minutes ago
- Bloomberg
Blistering Rally in Herbal Medicine Stock Mints $26 Billion Fortune
A blistering rally in a tiny, money-losing traditional Chinese medicine company's stock has vaulted its founder's net worth to among the world's 100 largest fortunes. The firm, Hong Kong-based Regencell Bioscience Holding Ltd., was for all intents and purposes trading as a microcap stock on the Nasdaq just eight weeks ago. But its shares have since exploded, gaining more than 46,000% this year as of Monday's close. The move has boosted the value of Chief Executive Officer Yat-Gai Au's 86% stake to $25.6 billion, according to the Bloomberg Billionaires Index, making Au's paper wealth greater than rich-list stalwarts such as Jerry Jones and Masayoshi Son.
