SEALSQ Further Expands its Asian Footprint with the Signing of a Distribution Agreement with Okaya (Japan)
February 21 2024 - 8:10AM
SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ: LAES), a company that
focuses on developing and selling Semiconductors, PKI and
Post-Quantum technology hardware and software products, today
announced a Distribution Agreement with Okaya Electronics Corp.
(“Okaya”), a leading Japanese semiconductor distributor company
headquartered in Tokyo. Effective immediately, this agreement will
contribute to the acceleration of the business expansion of SEALSQ
in Asia.
With offices in Tokyo, Osaka, Yokohama,
Hong-Kong and Shenzen, and over 200 people on the field, Okaya
brings four decades of experience in the embedded electronic
components distribution market. SEALSQ’s Secure Elements, PKI and
trust service portfolio will enable Okaya to address the needs of
new and existing potential customers requiring a complete suite of
security offerings. Okaya will be spearheading the expansion of
SEALSQ in Japan, with the support of SEALSQ’s own Japan based sales
& application team.
Franck Buonanno, VP of Global Sales for SEALSQ
said, “We are delighted to appoint Okaya as a new distributor for
SEALSQ products and services. Working with their experienced teams
will help position SEALSQ across Okaya’s broad contact base to
bring our highly differentiated end-to-end security solutions to
customers. Japan is one of the key marketplaces for IoT in Asia and
with the signing of this distribution agreement we are well
positioned to multiply our touchpoints in the area and capitalize
on new opportunities arising from the growing demand for security
offering.”
Okaya’s President Osamu Mizuno expressing his
views of the new partnership, noted, “We are excited to be working
together with SEALSQ in offering complete security solutions,
particularly targeting Smart City & Smart Home applications.
This partnership enables us to bring the latest advancements in
technology to our customers. We look forward to a successful
collaboration with SEALSQ.”
About Okaya:Okaya was
established in 1984 by its parent company, Okaya & Co., Ltd.
(founded over 350 years ago) to serve the large stir in
electronics. This stir is consistently driving the 21st century
vision, with an infinite development expected to be focused on the
electronics field.
About SEALSQ:SEALSQ focuses on
selling integrated solutions based on Semiconductors, PKI and
Provisioning services, while developing Post-Quantum technology
hardware and software products. Our solutions can be used in a
variety of applications, from Multi-Factor Authentication tokens,
Smart Energy, Smart Home Appliances, and IT Network Infrastructure,
to Automotive, Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to cryptographic methods
that are secure against an attack by a quantum computer. As quantum
computers become more powerful, they may be able to break many of
the cryptographic methods that are currently used to protect
sensitive information, such as RSA and Elliptic Curve Cryptography
(ECC). PQC aims to develop new cryptographic methods that are
secure against quantum attacks.For more information please visit
www.sealsq.com.
Forward-Looking StatementsThis
communication expressly or implicitly contains certain
forward-looking statements concerning SEALSQ Corp and its
businesses. Forward-looking statements include statements regarding
our business strategy, financial performance, results of
operations, market data, events or developments that we expect or
anticipates will occur in the future, as well as any other
statements which are not historical facts. Although we believe that
the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond our control. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. Important factors that, in our
view, could cause actual results to differ materially from those
discussed in the forward-looking statements include SEALSQ's
ability to implement its growth strategies; SEALSQ’s ability to
generate revenue from emerging new semiconductors; SEALSQ’s ability
to generate revenue from Matter certification and the new cyber
trust mark standards; the successful introduction of the WISeSat
picosatellite constellation; SEALSQ's ability to continue
beneficial transactions with material parties, including a limited
number of significant customers; market demand and semiconductor
industry conditions; and the risks discussed in SEALSQ's filings
with the SEC. Risks and uncertainties are further described in
reports filed by SEALSQ with the SEC.
SEALSQ Corp is providing this communication as
of this date and does not undertake to update any forward-looking
statements contained herein as a result of new information, future
events or otherwise.
SEALSQ Corp.Carlos
MoreiraChairman & CEOTel: +41 22 594 3000info@sealsq.com |
SEALSQ Investor Relations (US)The
Equity Group Inc.Lena CatiTel: +1 212 836-9611 /
lcati@equityny.comKatie MurphyTel: +212 836-9612 /
kmurphy@equityny.com |
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