Business
Quantum eMotion Announces the Creation of Quantum eHealth, a New Subsidiary Focused on Healthcare Cybersecurity Applications
Montreal, Quebec--(Newsfile Corp. - January 10, 2024) - Quantum eMotion Corp. (TSXV: QNC) (OTCQB:...
About this update from Quantum Emotion Corp.
[{"type":"text","content":"Quantum eMotion Announces the Creation of Quantum eHealth, a New Subsidiary Focused on Healthcare Cybersecurity ApplicationsMontreal, Quebec--(Newsfile Corp. - January 10, 2024) - Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (\"QeM\" or the \"Company\"), a pioneering force in classical and quantum cybersecurity solutions, proudly announces the formation of Quantum eHealth Inc., a wholly owned subsidiary dedicated to the development and commercialization of healthcare applications for its cutting-edge cybersecurity platform.In a strategic move to enhance value and focus on the burgeoning digital healthcare security market, QeM has decided to spin off its Digital Healthcare Cybersecurity Activities into Quantum eHealth Inc. This new entity will be endowed with significant assets, including an exclusive license for the application of QeM's intellectual property in the healthcare sector. QeM will continue to focus on the development and commercialization of the different iterations of its Quantum Random Number Generator (QRNG) such as Hardware Security Module (HSM), microchip, including its cloud-based platform Sentry-Q for other markets such as financial services, blockchain, military, IoT and others.Francis Bellido, CEO of QeM, expressed his enthusiasm for this pivotal development, stating: \"The establishment of Quantum eHealth Inc. is a strategic step that allows us to tap into alternative funding sources, distinct from public markets. This approach is also aimed at optimizing operational efficacy and maximizing shareholder value. While in the past 18 months, capital markets have been rough for small-cap technology companies, I expect that QeM will soon be recognized at a valuation that truly reflects its intrinsic value, based on its unique technology and the constant security threat posed by Cyber-criminality in healthcare.\"Indeed, this announcement comes amid growing concerns about cybersecurity threats in the healthcare sector. Recent studies, including the insightful resource \"Healthcare and Cybersecurity: Statistics, Facts, and Trends\" found at SafetyDetectives (https://www.safetydetectives.com/blog/healthcare-cybersecurity-statistics/), highlight the alarming rate of cyberattacks in this industry. With threats accounting for 70% of all large-scale data security incidents, the need for robust cybersecurity solutions...