Geneva, Switzerland, Mexico DF, April 15th ---WISeKey SA a leading Swiss e-security and Digital Identification company and Promecap S.C., a Mexican financial advisory services firm (two Global Compact members http://www.csr-news.net/directory/promecap-sc/ ) have reached an agreement in order for Promecap to assist WISeKey on its deployment to the Mexican market. This cooperation allows the establishment of WISeKey Mexico subsidiary to expand the deployment of WISeKey technology in the Mexican market which is one of the most mature Latin American markets in the area of mobile communications and digital identification.
The agreement acceleratesthe setting up of a distribution network in Mexico to distribute WISeKey technology in a market which is presently in the process to deploy a National Identification project with the Federal Government and includes several of the leading Telecommunications and Financial groups in Latin America.
Carlos Moreira, Founder and Chairman of WISeKey said "this new agreement with Promecap will allow us to enlarge our existing community of users by incorporating the Mexican ecosystem, increasing WISeKey international positioning and leveraging our unique digital identity offering, etrust and security model of WISeKey.
Fernando Chico Pardo, minority shareholder of WISeKey SA and Chairman of Promecap, a Mexican financial advisory services firm located in Mexico City with interests in the financial, telecommunications, infrastructure, real estate sectors in Mexico, among others, said: "This agreement with WISeKey to establish WISeKey Mexico will allow us to introduce WISeKey's unique Swiss technology in our market to be used in several leading Mexican sectors such as Telecommunications and banking.
The agreement was signed in Cancun, Mexico during the World Economic Forum Latin American 2008 event using the opportunity that WISeKey was selected by the World Economic Forum as one of the 100 High Growth Companies / New Champions http://www1.wisekey.com/news/070911WISeKeySelectedByWEF.aspx. A new strategic initiative of the World Economic Forum to identify and engage the future champions of global industry. The Community is composed of rapidly growing companies that have both the aspirations and ability to successfully expand outside their domestic markets. The new champions were selected by the WEF based on the following criteria: strong growth, revenues of between US$100 million and US$5 billion, steady development outside their traditional market, industry leadership, and remarkable management.