WI Harper, a Leading Venture Capital Firms, and WISeKey, a New Champion of the World Economic Forum, Announced Today in Dalian, China, a Deal to Establish a Joint Venture in China

GENEVA and DALIAN, China, Sept. 11 /PRNewswire-Asia/ -- In a bid to bring leading digital identity solutions to China's large and quickly developing economy, WISeKey and WI Harper, one of China's most successful venture capital firms, today signed a letter of intent to collaborate on developing business opportunities in China.

The agreement between Geneva-based WISeKey with WI Harper, a leading venture capital firm with offices in Beijing, Taipei, and San Francisco, is designed to open the Chinese telecom, mobile, and digital media industry to WISeKey eSecurity technologies.

The agreement is aimed at creating convergence in the electronic identity ecosystem in China by offering WISeKey's expertise in value added services and products to the growing user community of digital identification for electronic identity cards, electronic tokens, biometric devices, mobile operators, and SIM identification.

"WISeKey is very excited about the prospect of helping China deploy digital ID security technologies and solutions on a large scale," said Carlos Moreira, WISeKey's chairman and CEO. "We will draw heavily on WISeKey's experience in working with small and large businesses, consumers, and regulators to help make our partnership with WI Harper a great success."

Peter Liu, chairman of WI Harper, said WISeKey's strong knowledge of the growing digital security market and issues was the key attraction.

"We are very happy to work with a New Champion of the World Economic Forum in helping their technology to be deployed in China," Liu said. "We believe WISeKey's experience in the area of digital security will have a significant impact in China when it is combined with local manufacturing and electronics industry."