Business
01 Communique Provides Update on Business Developments and Second Quarter Fiscal 2023 Results
TORONTO, ON / ACCESSWIRE / June 15, 2023 / 01 Communique Laboratory Inc. (the "Company") (TSX-V:...
About this update from 01 Quantum Inc.
[{"type":"text","content":"01 Communique Provides Update on Business Developments and Second Quarter Fiscal 2023 ResultsTORONTO, ON / ACCESSWIRE / June 15, 2023 / 01 Communique Laboratory Inc. (the \"Company\") (TSX-V:ONE)(OTCQB:OONEF), one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era, is pleased to report the Company's second quarter fiscal 2023 results, which ended April 30, 2023.Andrew Cheung, CEO of the Company, commented, \"Cybercrime continues to peak and the rapid development in quantum computing intensifies the existing cybersecurity threats by potentially rendering current encryption systems obsolete. I feel confident that IronCAP™ will accomplish the task of providing protection against bad actors using Quantum Computers. To this end, just yesterday we released what we believe to be the world's first commercially available quantum-safe enterprise level email security product - IronCAP X™ v.2.0,\"Andrew Cheung continued, \"Now that the major portion of our development efforts have been completed, going forward our efforts will be focused on integrating applications and feature enhancements for our partners. This allows us the ability to reduce our operating expenses. As we move forward, we will continue to monitor our operating expenses keeping them in line with our recurring revenue.\"Operational Highlights:On June 6th our quantum-safe blockchain endpoints protection patent has been officially issued in the US. The US patent # is 11,669,833 and can be found on the USPTO site.We have received a notice of allowance for our Japanese patent application #2020-534978 about the IronCAP Modern McEliece code-based post-quantum cryptography technology. The official patent issuance is in the process.Earlier in fiscal 2023 the completion of the integration of IronCAP™ into one of the Company's partners' military-grade Hardware Security Modules (\"HSM') made post quantum cryptography functionality seamless. Joint-marketing activities are now in process with the first being the Company's participation at the RSA Conference held in San Francisco between April 24th to 27th. As part of our partner's PQC Palooza event we together promoted post-quantum cryptography to enterprise customers. The event results were very encouraging with expectations of new partnerships to come.On June 14th announc...