01 Communique Announces Receipt of Notice of Allowance from USPTO for Its Patent Application

Rhea-AI Summary

01 Communique Laboratory Inc. (TSXV:ONE)(OTCQB:OONEF) announced the issuance of a patent for its quantum-safe encryption system from the United States Patent and Trademark Office (USPTO). This major milestone reflects the company's commitment to developing advanced cybersecurity technologies, particularly through its IronCAP™ product line. The patent positions IronCAP™ as a leading solution against current and future cyber threats, including those posed by quantum computing. The innovative system aims to secure data storage, access, and verification, ensuring robust protection for users.

Positive

• Patent issuance for quantum-safe encryption system enhances market position.
• IronCAP™ is positioned as an unhackable encryption solution, boosting investor confidence.

Negative

• None.

TORONTO, ON / ACCESSWIRE / November 9, 2021 / 01 Communique Laboratory Inc. (the "Company") (TSXV:ONE)(OTCQB:OONEF) one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era are pleased to announce that the United States Patent and Trademark Office ("USPTO") has allowed the issuance of a patent for our "game changing" Cryptographic quantum-safe encryption system. The Company has received a Notice of Allowance from USPTO stating that its patent application (application no. 16/268,098) for a Cryptographic System and Method has been examined, prosecution is now closed and it is allowed for issuance as a patent.

"This is a major milestone for our company and for quantum-safe encryption," said Andrew Cheung, President and CEO for 01 Communique. "By incorporating this technology into IronCAP™ we believe we have developed an encryption system that is superior to anything that is on the market today. We designed IronCAP™ and IronCAP X™ to not only protect our customers against cyberattacks from current computer systems but also against attacks from the fast-approaching quantum computers. They are the first readily available "off the shelf" products that are proven unhackable and patent protected."

This invention relates to public key cryptographic systems and methods that can be used, for example, to build highly secure systems for data storage, access, encryption, decryption, digital signing and verification. Our cryptographic system is expected to protect our customers against the ever-evolving illegitimate and malicious means of gaining access to their data.

The patent issuance along with several unbeatable hackathons, peer review and intense due diligence by our many major global partners speak to the safety and efficacy of our first-to-market, enterprise level cybersecurity products for the quantum computing era.

About 01 Communique

Established in 1992, 01 Communique (TSXV:ONE)(OTCQB:OONEF) has always been at the forefront of technology. The Company's cyber security business unit focuses on post-quantum cybersecurity with the development of its IronCAP™ technology. IronCAP™'s patent-pending cryptographic system is an advanced Goppa code-based post-quantum cryptographic technology that can be implemented on classical computer systems as we know them today while at the same time can also safeguard against attacks in the future post-quantum world of computing. The Company's remote access business unit provides its customers with a suite of secure remote access services and products under its I'm InTouch and I'm OnCall product offerings. The remote access offerings are protected in the U.S.A. by its patents #6,928,479 / #6,938,076 / #8,234,701; in Canada by its patents #2,309,398 / #2,524,039 and in Japan by its patent #4,875,094. For more information, visit the Company's web site at www.ironcap.ca and www.01com.com.

Cautionary Note Regarding Forward-looking Statements.

Certain statements in this news release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release, such statements use such words as "may", "will", "expect", "believe", "plan", "intend", "are confident" and other similar terminology. Such statements include statements regarding the commercial success of IronCAP X™, the future of quantum computers and their impact on the Company's product offering, the functionality of the Company's products and the intended product lines for the Company's technology and the potential licensing of the Company's technology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this news release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under "Risk and Uncertainties" in the Company's Management`s Discussion and Analysis document filed on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances.

Neither TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

INVESTOR CONTACT:
Brian Stringer
Chief Financial Officer
01 Communique
(905) 795-2888 x204
Brian.stringer@01com.com

SOURCE: 01 Communique Laboratory, Inc.

View source version on accesswire.com:
https://www.accesswire.com/671822/01-Communique-Announces-Receipt-of-Notice-of-Allowance-from-USPTO-for-Its-Patent-Application

FAQ

What is the recent patent approval for OONEF?

01 Communique Laboratory Inc. received a Notice of Allowance for its patent application regarding a quantum-safe encryption system from the USPTO.

How does the patent impact 01 Communique's products?

The patent solidifies 01 Communique's IronCAP™ technology as a leading solution against cyber threats, especially from emerging quantum computing.

When was the patent for OONEF's encryption system allowed?

The Notice of Allowance for the patent was issued on November 9, 2021.

What technologies does OONEF's IronCAP™ protect against?

IronCAP™ is designed to protect against current cyberattacks and those posed by future quantum computers.