[Click eStock] "Autocrypt Emerging as a Global Leader in Automotive Security Standards"

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On August 4, independent research firm ValueFinder analyzed that Autocrypt has established the standard for automotive security and is currently growing into one of the top three global automotive security companies. Autocrypt participated in the July CorpDay event hosted by ValueFinder.

The automotive industry paradigm is rapidly shifting from hardware to software-centric, and as the industry advances, the need for automotive security is increasingly being legislated. Currently, security regulations have been adopted in the EU, Japan, and Korea, covering more than 80% of vehicles produced worldwide.

Lee Chungheon, a researcher at ValueFinder, explained, "Autocrypt's business model is structured to generate revenue at each stage based on a five-step security process from design to mass production," and added, "The company has secured clients such as Hyundai Motor, Kia, Honda, and Stellantis, and is signing turnkey or partial contracts with them."

In fact, Autocrypt holds the only TS qualification in the APAC (Asia-Pacific) region, and the number of vehicles equipped with its security solutions has reached 3.17 million, demonstrating the company's solid position in the market.

Researcher Lee stated, "Autocrypt continues to grow thanks to a team of talent with award-winning records at world-class hacking competitions, over 20 years of expertise, and an independent customer base," and analyzed, "If five additional royalty-based sales are added this year, the operating profit margin is also expected to improve."

He further added, "This will serve as an important indicator for predicting the timing of a turnaround into profitability in the future."

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