Benzinga | Jul 13, 2021 02:22PM EDT

China Grants Two Patents To WISeKey

* China National Intellectual Property Administration (CNIPA) granted two patents to cybersecurity and IoT company WISeKey International Holding Ltd (NASDAQ:WKEY).

* The patents protect inventions in the domain of Semiconductors NFC tags for intelligent packaging, brand protection, and customer engagement applications.

* WISeKey's NanoSeal and VaultIC lines of secure NFC chips offer security, cloud-based authentication, traceability, and consumer engagement.

* The NFC chips' cryptographic functions help brands replace traditional non-secure QR code scanning or basic NFC tags.

* Price action: WKEY shares traded higher by 0.42% at $7.10 on the last check Tuesday.