He said that the Solarin was aimed at elite-level customers - "international business people who spend much of their lives in the move".
He pointed out that privacy was an increasingly troubling issue in the world of high-tech.
"Anyone can be hacked at any time. And when you hack into someone's phone these days, you hack into their lives. This is intolerable."
The wealthy clientele targeted by Sirin Labs "want more privacy than they've ever had, but don't want to compromise on capability, quality or aesthetics."
At the launch, television presenter Rachel Riley introduced the product to loud applause from a crowd of more than 100 at the glitzy One Marylebone venue in central London.
Mr Hogeg revealed that plans were afoot to make the phone more affordable.
"Next year we're going to drive the price down. Technology first, then an affordable cost," he said.
