AUTOCRYPT Opens New Corporate Location in Whitby, Ontario as Series B Financing Round Begins

WHITBY,ON,Nov. 29,2021 -- Industry-leading autonomous driving andsecure mobilitycompanyAUTOCRYPTCo.,Ltd.held the official opening ceremony ofitsnewcorporateofficein Whitby,Ontario,situatedattheeastern endof the Greater Toronto Area.

The opening of thisnewlocationcomes seven months after AUTOCRYPTestablishedits North American subsidiary,AutocryptNorth America Ltd.The office now servesas a regional hub for AUTOCRYPT's V2X,in-vehicle,Plug&Charge,and secure fleet management business developments.Ontario was chosen for its strategic importance;not only doesthe provinceaccount for 100% of Canada's light vehicle production,butalsosits within theGreat Lakes "supercluster"—aregionhome to the North American automotive industry.

"We arecurrently acceleratingourtalks with OEMs,Tier 1 suppliers,and EV chargingprovidersacross the continent," said Sean HJ Cho,AUTOCRYPT's President for North America. "This newcorporateofficebrings us closer to local businesses,allowing us to workmore efficiently.A lot ofprogressis being made andweare expecting some breakthroughresultsvery soon."

AUTOCRYPT's CEO and Co-Founder,Daniel ES Kim,added,"Our decades-long experience in securing connected tech has allowed us tosecure over 3,000 miles of smart roadways and highways. We look forward to utilizing ourcybersecurityexpertise in bringing notonlyautonomous driving,but alsosmartmobility services to Ontario and beyond."

Afterclosing a$15-million Series A fundinground in late2020,AUTOCRYPThas since thengrownfrom a 50-member spinoff venture intoa mid-sizescale-up of over 140 employees,withclients and partnersfromsome of the world's top 10 OEMsand Tier 1 suppliers.It is now expanding its market reach in North America and Europe through a Series B financing round,openingdoors toglobal investors.

To find out more about AUTOCRYPT's business and solutions,contactglobal@autocrypt.io.

About AUTOCRYPT

AUTOCRYPT is the leading player in automotive and smart mobility security technologies,paving the way for Intelligent Transport Systems (ITS) and autonomous driving through a multi-layered,holistic approach. Through security solutions for V2X,V2G (including PnC security),in-vehicle security,and fleet management systems,AUTOCRYPT ensures that security isprioritized and optimized before vehicles hit the road.