AUTOCRYPT Brings V2X and In-Vehicle Security to Europe with New Munich Office

MUNICH,June 28,2021 -- AUTOCRYPT Co.,Ltd.,aleadingmobility security solutions provider,announced the opening ofitsfirst European officein Munich,Germany inJune 2021. Thenew office,AUTOCRYPT Technologies GmbH,is expected to play a key role inthe company'sactiveworkwith European OEMs onbuildingV2X,in-vehicle,andPlug&Chargesecurity solutions,as well as itsongoingdiscussionsto participateinthe development ofEurope'sCooperative Intelligent Transport Systems (C-ITS).

Currently in talks with severalEuropeanOEMsand Tier 1 suppliers on establishing business development and joint R&D partnerships,AUTOCRYPT chose Munichas itsfirstEuropean hubfor its strategic location on thecontinent.Sitting at the center ofboth an automotive powerhouse and amassive transcontinentalroadnetwork,Munich is an idealcontactlocationfor European-basedC-ITS developmentsandPlug&Chargeinitiatives.

"Europewillplayalargeroleinthemobilityrevolution,whichwillrequirecomprehensivesecurity. Henceourgoal is to introduceAUTOCRYPT'sworld-classtechnologies and solutionsinV2X,andPlug&ChargetoEuropeanOEMs,suppliers,and regulators," said Daniel ES Kim,AUTOCRYPT's CEO and co-Founder. "We expectthe Munich officetobring us closer to ourbusinesspartners in Europe,serving as a solid foundation forourlong-termplans."

As the sole V2X security provider for South Korean C-ITS projects,AUTOCRYPT's V2X-PKI technology goes beyond the standards oftheSCMS and the EU CCMS,withone platform issuing certificatesforboth.It has alsobuiltseveralin-vehicle security solutions for global OEMs in compliance with theUNECE'sWP.29 regulationson cybersecurity.

Along withits crucial role in constructing security architecture for autonomous driving,Public Key Infrastructure (PKI) is also essentialforPlug&Chargein accordance with ISO 15118.Asone of the fastest-growing EV marketswith over 280,000 public charging points,Europeisat thecenterofPlug&Chargedevelopment.AUTOCRYPT plans to continue strengthening its partnerships with European EV manufacturers,EVSE manufacturers,and charge point operators to secure communication points between vehicles and charging infrastructure.

With rising demand forautomotive cybersecurity solutions,AUTOCRYPT'send-to-endapproach tosecurityallows for companies toeasilynavigatethecomplexities ofthe new mobility landscape.

AUTOCRYPTis the leading player in transportation security technologies. Recognized by TU-Automotive as the Best Auto Cybersecurity Product/Solution of 2019,AUTOCRYPT continues to pave the way in transportation and mobility security through a multi-layered,holistic approach. Through security solutions for V2X/C-V2X,V2G (includingPnCsecurity),in-vehicle security,and Fleet Management,AUTOCRYPT ensures that security is prioritized before vehicles hit the road.