Wire
SEALSQ to Integrate its QS7001 Hardware-Security Technology Into PalmPay Biometric-Authentication Products
SEALSQ (LAES) said Tuesday it has agreed to a strategic partnership with Palm Technologies to integrate its QS7001 hardware-security technology into Palm Technologies' existing and future PalmPay biometric-authentication products.Financial details related to the collaboration were not disclosed.Under the partnership, SEALSQ will provide its QS7001 technology and technical support for secure-element integration, while Palm Technologies will lead product architecture, biometric-system design, application development, the company said.Additionally, each party will retain ownership of its respective pre-existing intellectual property, technology, product architecture and know-how, according to SEALSQ.Shares of the company were down over 5% in Tuesday premarket activity.Price: $2.75, Change: $-0.15, Percent Change: -5.18%
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