Business
01 Communique Provides Update on Business Developments and Third Quarter Fiscal 2023 Results
TORONTO, ON / ACCESSWIRE / September 21, 2023 / 01 Communique Laboratory Inc. (the "Company") (T...
About this update from 01 Quantum Inc.
[{"type":"text","content":"01 Communique Provides Update on Business Developments and Third Quarter Fiscal 2023 ResultsTORONTO, ON / ACCESSWIRE / September 21, 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 third quarter fiscal 2023 results, which ended July 31, 2023.Andrew Cheung, CEO of the Company, commented, \"Global recognition of threat from quantum computers has never been higher. Following through with their recommendation in July 2022, the National Institute of Standards and Technologies (NIST) published 3 standards of Post-Quantum Cryptography (PQC) algorithms on Aug 24 last month (FIPS 203, FIPS 204, and FIPS 205). Lockstep with NIST's progress, these standards are already part of our IronCAP Toolkits. Being the forerunner in building practical PQC applications such as quantum-safe email security, quantum-safe blockchain, quantum-safe remote access, etc., I am confident that IronCAP™ will add significant value to help our partners to provide enhanced security against bad actors using Quantum Computers,\"Andrew Cheung continued, \"As announced during our last quarterly results, with the major portion of our development efforts having been completed we expect a reduction in our operating expenses and switching focus on integrating applications and features enhancements for our partners. This is clearly reflected in our Q3 results with a new partner signing up and a significant reduction on our quarterly loss. We expect this trend to continue in upcoming quarters.\"Operational Highlights:As announced on July 10, 2023 we entered into a partnership with Keyfactor, the identity-first security solution for modern enterprises. Our partnership fosters the development, in conjunction with joint marketing, of quantum-safe X.509 certificates for the Enterprise Certification Authority solution (EJBCA) as well as cybersecurity solutions for global businesses, organizations, and governments to help them achieve cyber resilience.On June 6th our quantum-safe blockchain endpoints protection patent was 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...