01 Communique Partners with Thales to Provide Quantum-Safe Cryptographic Solutions

Rhea-AI Summary

01 Communique Laboratory Inc. (TSXV:ONE)(OTCQB:OONEF) announced a new technology partnership with Thales to develop quantum-safe cybersecurity solutions aimed at enhancing cyber resilience for businesses and governments. The partnership aims to address the increasing cybersecurity threats posed by advancing quantum computing, rendering traditional encryption systems vulnerable. The company's IronCAP™ technology is designed to operate on current systems while safeguarding against future quantum threats. The press release emphasizes the urgency for organizations to adopt quantum-safe measures to protect digital assets.

Positive

• Partnership with Thales to create quantum-safe cybersecurity solutions.
• IronCAP™ technology offers protection against future quantum threats.

Negative

• Forward-looking statements may not guarantee future performance.
• Risks associated with delayed adoption of quantum computers could affect sales.

TORONTO, ON / ACCESSWIRE / February 8, 2022 / 01 Communique Laboratory Inc. (TSXV:ONE)(OTCQB:OONEF) (the "Company") one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era, is pleased to announce its new technology partnership with Thales, a trusted global technology leader headquartered in Paris, France. The partnership will foster the development and joint-marketing of quantum-safe cybersecurity solutions for global businesses, organizations and governments to help them achieving cyber resilience.

"Cybercrime is at its peak now and the rapid development in quantum computing intensifies the existing cybersecurity threats as it renders current encryption systems obsolete. We are thrilled to partner with Thales to pioneer the development of qualified, quantum-safe cryptographic solutions to protect valuable digital assets from the threats posed by quantum computing," said Andrew Cheung, President and CEO of 01 Communique. "Quantum computing is not far from commercial use. We must prepare and start migrating our current encryption systems to become quantum-safe now."

IronCAP™'s patent-protected cryptographic technology is designed to operate on current computer systems to safeguard against the ever-increasing cyber threats. 01 Communique believes this partnership will empower vendors/businesses with quantum-safe solutions to seamlessly tackle cybersecurity risks today as well as the soon to arrive quantum threats.

Click here: http://blog.01com.com/wp/?p=534 to learn more about our partnerships and post-quantum cybersecurity.

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-protected 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", "anticipate", "plan", "intend", "are confident" and other similar terminology. Such statements include statements regarding the business prospects of IronCAP™ and 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. 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 matters discussed in the forward-looking statements, including, but not limited to, a delay in the anticipated adoption of quantum computers and a corresponding delay in Q-Day, the ability for the Company to generate sales, and gain adoption of, IronCAP™ and IronCAP X™, the ability of the Company to raise financing to pursue its business plan, competing products that provide a superior product, competitors with greater resources and 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/687722/01-Communique-Partners-with-Thales-to-Provide-Quantum-Safe-Cryptographic-Solutions

FAQ

What is the significance of the partnership between 01 Communique and Thales?

The partnership focuses on developing quantum-safe cybersecurity solutions to enhance security against evolving cyber threats linked to quantum computing.

What technology does 01 Communique use to address cybersecurity threats?

01 Communique uses its IronCAP™ technology, which is designed to be implemented on current systems while providing protection against future quantum threats.

What are the potential risks mentioned in the press release regarding 01 Communique's future?

The press release highlights risks such as delays in quantum computer adoption and uncertainties that may affect the company's sales and product adoption.

How does 01 Communique plan to tackle cybersecurity risks related to quantum computing?

Through the partnership with Thales, 01 Communique aims to create advanced quantum-safe cryptographic solutions that prepare organizations for future cyber threats.

What business unit of 01 Communique focuses on quantum cybersecurity?

The company’s cybersecurity unit is focused on post-quantum cybersecurity, primarily through its IronCAP™ technology.