GENEVA, Switzerland/TOKYO, Japan, July 26, 2024 (GLOBE NEWSWIRE) — SEALSQ Corp. (“SEALSQ” or the “Company”) (NASDAQ: LAES), a leader in the development and sales of semiconductor, PKI and post-quantum technology hardware and software products, today announces the appointment of Masaru Miyahata as the new Director of Sales and Representative Director for Japan. Miyahata, formerly of WISeKey, joined SEALSQ in June 2023 as Japan Sales Representative and is currently responsible for expanding the company’s IoT security and brand enhancement business in Japan.
Mr. Miyahata has over 30 years of extensive sales and business development experience in the IoT, semiconductor and high-tech industries. Prior to joining WISeKey, he served as IoT Business Development Manager at Semtech Corporation, a global leader in high performance analog and mixed-signal semiconductors and advanced algorithms. In this role, he built and managed relationships with numerous global organizations to establish carrier and data center optical core networks and low power wide area networks for gas meters and IoT devices.
From 2004 to 2010, Miyahata served as Senior Account Manager for Freescale Semiconductor Japan, a multinational corporation headquartered in Austin, Texas, with operations in over 75 locations in 19 countries. He successfully managed relationships with mobile operators to build 4G networks. Prior to that, he was Open Multimedia Application Platform (OMAP) Marketing Manager at Texas Instruments, where he managed OMAP application processor projects for major Japanese mobile phone manufacturers. From 1997 to 2002, he was Account Manager and Regional Marketing for Intel’s Japan branch, where he oversaw customer relationships with multinational companies for communications products.
Carlos Moreira, CEO of SEALSQ, said, “Katsu’s extensive experience in sales and marketing has proven invaluable to SEALSQ’s strategy as we continue to expand our operations in Japan with our next-generation approach to IoT security. In his new role, he will continue to work with our global team to drive SEALSQ’s IoT technology and applications in both IoT and brand strengthening, integrating our proprietary technology for the Japanese market. For SEALSQ, the IoT segment is integral to our global expansion strategy and offers significant growth opportunities. With over 50 billion IoT devices expected to be connected by 2020, each connected device will handle vast and growing volumes of sensitive data that SEALSQ’s IoT security chips can authenticate, protect and secure as it travels between connected devices and back-end servers.”
Miyahata added, “I am pleased to continue to be part of the talented team at SEALSQ in my new role as Sales Director and Representative Director for Japan. In late 2017, the Japanese government announced a new cybersecurity strategy aimed at bringing Japan up to global standards. As part of this strategy, Japan’s Growth Strategy Council identified five key themes: next-generation mobility/smart cities, smart public services, next-generation infrastructure, fintech/cashless society, and next-generation healthcare. All of these provide significant growth opportunities for SEALSQ in our IoT security and brand strengthening businesses.”
Japan is an important market for SEALSQ and we expect to significantly expand our activity in the region over the next few years. Our strategic focus is to address a variety of sectors, including industrial, consumer and medical, with a particular focus on IoT applications. SEALSQ provides secure hardware, firmware and trust services to protect all kinds of connected devices and systems.
Target areas and major customers
SEALSQ aims to provide a comprehensive suite of security solutions for connected devices to a wide range of industries. Our target customers include some of Japan’s leading technology companies.
Participating in events and seminars
In 2024, SEALSQ will be actively participating in various electronic and security related exhibitions and seminars held in Japan.
TUV Rheinland Japan’s Matter Seminar (January 2024)CSA Japan’s Bi-Monthly Meeting (January 2024 onwards)Wi-SUN Open House Seminar (February 2024)Wi-SUN Pavilion at Wireless Japan (May 2024)CSA Japan Booth at CEATEC Exhibition (Coming Soon – October 2024)
Industry Partnerships and Certifications
SEALSQ is a member of the Wi-SUN Alliance and Wi-SUN certification is very popular in Japan. Wi-SUN solutions are ideal for a wide range of IoT applications such as smart utilities. Utilities and service providers specify Wi-SUN certified products to ensure interoperability and reduce support costs.
Additionally, SEALSQ is a founding member of the CSA Japan Interest Group. SEALSQ has been Matter certified for 18 months. Matter is an open standard for smart home technology that is growing in popularity in Japan. It aims to enhance security, interoperability and compatibility between devices.
Market potential of semiconductors and materials authentication
Semiconductor Market: Japan’s semiconductor market is one of the largest in the world, with a strong ecosystem of manufacturers and suppliers. Japan’s focus on advanced technologies such as IoT, AI, and automotive electronics is driving a surge in demand for semiconductors. SEALSQ’s secure hardware solutions are ideally suited to tap into this market by providing essential security features for modern applications. Matter Certified: The growing adoption of Matter Certified in Japan presents a significant market opportunity. Matter, an open standard for smart home technology, enhances security, interoperability, and compatibility between devices, making it increasingly attractive to manufacturers and consumers. SEALSQ’s Matter Certified solutions are well-suited to meet this demand, providing a secure and reliable option for a variety of smart home applications.
About SEALSQ:
SEALSQ is engaged in the development of hardware and software products for post-quantum technologies, focusing on selling integrated solutions based on semiconductors, PKI and provisioning services. Our solutions can be used in a wide 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 encryption methods that are secure against attacks by quantum computers. As quantum computers become more powerful, they may be able to break many encryption methods currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new encryption methods that are secure against quantum attacks.
For more information, visit www.sealsq.com.
Forward-Looking Statements
This document contains express or implied forward-looking statements regarding SEALSQ Corp and its business. Forward-looking statements include statements regarding the Company’s business strategy, financial performance, operating results, market data, events or developments expected or projected to occur in the future, and other statements that are not historical facts. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. These statements involve known and unknown risks and are based on a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the Company’s control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in the Company’s opinion, could cause actual results to differ materially from those described in the forward-looking statements. Risks and uncertainties are further described in SEALSQ’s reports filed with the SEC.
The forward-looking statements in this release, if any, reflect the Company’s judgment as of the date of this release, and SEALSQ Corp undertakes no obligation to update the forward-looking statements in this release as a result of new information, future events or otherwise.
