Business
01 Communique Provides Quarterly Update on Business Developments and Fourth Quarter Fiscal 2020 Results
TORONTO, ON / ACCESSWIRE / January 14, 2021 / 01 Communique Laboratory Inc. (the "Company"...
About this update from 01 Quantum Inc.
[{"type":"text","content":"01 Communique Provides Quarterly Update on Business Developments and Fourth Quarter Fiscal 2020 ResultsTORONTO, ON / ACCESSWIRE / January 14, 2021 / 01 Communique Laboratory Inc. (the \"Company\") (TSXV:ONE)(OTCQB:OONEF) is pleased to report that the Company made significant developments throughout 2020 to help ensure the successful commercialization of its IronCAP™ technology and build revenue from its remote access service business.Andrew Cheung, 01 Communique CEO, stated, \"We are pleased with our developmental and commercialization progress in 2020 and our new business partnership arrangements that showcase our IronCAP™ products. Our goal is to offer products with the most advanced and secure quantum safe cryptographic system available, and as such, we have developed what we believe to be the first-to-market enterprise level cybersecurity software for the quantum computing era. Our strong partnerships show there is confidence and reliability in our IronCAP™ and IronCAP X™ products. In 2021, we will continue to focus on adding more partnerships to increase our visibility, product use and revenue growth.\"Business Development Highlights:In 2020, the Company focused on the key initiatives of its fiscal 2021-2025 business plan designed to achieve growth in revenues and earnings. The Company continued working to help ensure the successful commercialization of IronCAP X™ and IronCAP™ API by securing major new global enterprise partners and expects to add more new partners throughout fiscal 2021 and beyond. Discussions with other leading technology firms are currently in progress.Highlights of fiscal 2020 are as follows:On October 19, 2020, the Company commenced trading on the OTCQB market which the Company believes will increase visibility to U.S. investors and provide improved liquidity for investors in all jurisdictions.On April 23, 2020, the IronCAP X™ personal usage end-to-end email encryption/authenticity product was made available free to individual subscribers through a simple download from our web site. The Company believes it to be the world's first product of its kind that is safe against conventional and future quantum computer attacks addressing the growing concern about email authenticity and personal information that can be collected, shared, and maliciously hacked. Ve...