SUNNYVALE, Calif. – July 12, 2022 –– Intrinsic ID, the world’s leading provider of Physical Unclonable Function (PUF) security IP, today announced it has signed a sales representative agreement with Progate Technology to market, sell, and support the Intrinsic ID Physical Unclonable Function (PUF) authentication and security solutions in South Korea. This agreement is the latest move in a larger ongoing program by Intrinsic ID to strengthen its business interests in the Asia Pacific region. Progate Technology is one of the leading representation firms for IP vendors in the South Korean market. Progate Technology will represent the full line of Intrinsic ID hardware and software solutions for device-unique data security and authentication in South Korea.
“As we are seeing rapidly increasing interest for our technology and products in the Asia Pacific region, we are very happy that we can now also offer local representation and support for our customers in South Korea,” said Pim Tuyls, CEO and co-founder of Intrinsic ID. “We have chosen Progate Technology as our representative in this country, because of their extensive experience and great track-record with their industry-leading client base.”
“Throughout 30+ years of experience in the sector, our expert team at Progate Technology has established strong relationships with global industry leaders, and we always ensure that we deliver the best products and services for our valued clients,” said Soo-Chul Kim, CEO and President of Progate Technology. “We are very happy to become a representative for Intrinsic ID, the world’s leading provider of PUF security IP, and we will do our best to achieve mutual success.”
About Progate Technology
Progate Technology is one of the leading representative/distributor companies in South Korea. Progate Technology represents a number of global suppliers for customers in the Korean market, including global conglomerates such as Samsung and LG. Progate's years of experience, relationships, and expertise help it generate new businesses and stay successful for 30+ years.