01 Quantum Inc. (ONE) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Let's get started. I'm Brian Stringer. I'm the Chief Financial Officer for Zero One Communique. And with me today is Andrew Chung, our President and CEO. And welcome to our second quarter results and business update conference call. Andrew, if I could have the next slide, please. Okay, if you would, part of this presentation, please take a moment to review our forward-looking statements, which form an integral part of this presentation. Now, the agenda today will be I'll turn it over to Andrew. Andrew will take us through our results for the quarter and prospects for the future. Following that, I will act as moderator for a Q&A session. We're on Zoom, and I think by now everybody understands how to use Q&A. There is a Q&A button at the bottom. Just click it, type your question, and I'll present it at the end of this session, Andrew's session. Okay, now, Andrew, with that, I'll turn it over to you. Thank you, Brian. Welcome everyone. My name is Andrew Chung, president and CEO of Zero One Communicate. And welcome to our 2024 second quarter financial result and corporate update. I would say, I would start by saying that there are actually more and more evidence showing that attentions on the post-quantum cybersecurity are gathering momentums. First of all, we are already halfway into 2024, and that IBM is calling for a 1,400 qubit version delivering this year. So they are once again fulfilling their promise this year. The next step is 4,000 qubit, sometimes in 2025. Now, only three months ago, when Vitalik Buterin, the founder of Ethereum, had proposed a method to hard fork the Ethereum chain to save most Ethereum users' funds in a quantum emergency diagram. He called it quantum emergency. So before that, 99.99%, I would say, of the people in the...