DigiFlynt takes IronCAP Technology to GCC Countries and the West African Region
01 Communique Laboratory (OTCQB: OONEF) has partnered with DigiFlynt Tech Ltd. to integrate its IronCAP engine into the world's first quantum-safe tax platform for West Africa. The collaboration aims to enhance cybersecurity in the region, driven by growing concerns over quantum threats. DigiFlynt will promote IronCAP technology at the upcoming Dubai Expo and expand its market reach in the Gulf Cooperation Council (GCC) countries. The IronCAP system is designed to protect against contemporary and future cyber-attacks, positioning 01 Communique as a leader in post-quantum encryption.
- Partnership with DigiFlynt Tech to integrate IronCAP into a pioneering quantum-safe tax platform.
- Focus on expanding into GCC countries, increasing market presence.
- IronCAP technology provides protection against both current and future cyber threats.
- None.
TORONTO, ON / ACCESSWIRE / June 16, 2021 / 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 that its partner, DigiFlynt Tech Ltd., will be integrating our IronCAP™ engine to their Tax Platform (COTS Product) that they are building for the government of West Africa and it will be the World's First Quantum-Safe Tax Platform.
DigiFlynt is committed in achieving milestones with IronCAP™ by assigning an elite team to focus on selling and marketing the IronCAP™ technology by showcasing its solutions at the Dubai Expo, which runs from 1st October 2021 to 31st March 2022 as well as selling the IronCAP™ technology to West Africa and GCC countries (United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman) as the world witnesses a growing concern in cybersecurity.
Andrew Cheung, CEO of 01 Communique, said, "We are thrilled to see that our partners are committed to the IronCAP™ technology and are confident that it will protect our customers' data against existing cyber threats and safeguard against future quantum computer attacks. The race for quantum supremacy has intensified concerns over cybersecurity, hence all network infrastructure and communications should upgrade to quantum-safe encryption now."
Feroz Khan, CEO of DigiFlynt, said, "We are pleased to announce our strategic partnership, combining our digital and next-gen emerging tech services with the IronCAP™ technology to deliver world class enterprise level quantum-safe computing solutions. With cybersecurity playing an increasingly critical role in every aspect of business, companies need to safeguard their data against cyber threats to remain competitive. With this partnership we are committed to offer strong support for our clients in GCC countries and the West African region.
About IronCAP™ and IronCAP X™:
IronCAP™ is at the forefront of the cyber security market and is designed to protect our customers from cyber-attacks. IronCAP's patent-pending cryptographic system is designed to protect users and enterprises against the ever-evolving illegitimate and malicious means of gaining access to their data today as well as in the future with the introduction of powerful quantum computers. Based on improved Goppa code-based encryption it is designed to be faster and more secure than current standards. It operates on conventional computer systems, so users are protected today while being secure enough to safeguard against future attacks from the world of quantum computers. An IronCAP™ API is available which allows vendors of a wide variety of vertical applications to easily transform their products to ensure their customers are safe from cyber-attacks today and from quantum computers in the future.
IronCAP X™, a cybersecurity product for email/file encryption, incorporating our patent-pending technology for commercial. The new product has two major differentiations from what is in the market today. Firstly, many offerings in today's market store users secured emails on email-servers for recipients to read, making email-servers a central target of cyber-attack. IronCAP X™, on the other hand, delivers each encrypted message end-to-end to the recipients such that only the intended recipients can decrypt and read the message. Consumers' individual messages are protected, eliminating the hackers' incentive to attack email servers of email providers. Secondly, powered by our patent-pending IronCAP™ technology, we believe IronCAP X™ is the world's first quantum-safe end-to-end email encryption system; secured against cyberattacks from today's systems and from quantum computers in the future. Consumers and businesses using IronCAP X™ will be protected by tomorrow's cybersecurity today.
About DigiFlynt Tech, Ltd.
DigiFlynt Tech Limited is a Dubai headquarter company having operations in Gabon, Togo and India which builds foundation for Digital Future. Many parts of the world and especially West Africa is on a cusp of digital wave powered by a very young population with high internet penetration and DigiFlynt is helping re-imagine the country's governance and process with economic growth through digital technologies. DigiFlynt's genesis is based on the foundation of thought leadership towards entrepreneur spirit where it challenge's the status quo and set bold target with innovative and disruptive ideas. The company works in partnership with multiple West African Government towards creating strategy for economic growth leading towards implementation of digital and emerging tech solving a process issue which empowers the citizens of the country. The company's innovative and disruptive ideas redefine the customer journey for eGovernance and enablement. For more information, visit the Company web site at www.digiflynt.com
About 01 Communique
Established in 1992, 01 Communique (TSX-V: 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", '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/651873/DigiFlynt-takes-IronCAP-Technology-to-GCC-Countries-and-the-West-African-Region
FAQ
What is the significance of the partnership between 01 Communique and DigiFlynt?
How does IronCAP technology benefit users?
What markets are being targeted with IronCAP technology?
When will the new tax platform utilizing IronCAP be launched?
How does IronCAP ensure quantum-safe encryption?
