IronCAP Hosting "Rethinking Cybersecurity in a Quantum World" Webinar and Announces Bounty Contest Results

Rhea-AI Summary

01 Communique Laboratory Inc. (OTCQB: OONEF) announced the closure of its global Bounty Contest for its IronCAP^TM encryption technology on March 22, 2021. The contest attracted over 700 participants, competing for a CAD $100,000 prize to test IronCAP's resilience against cybersecurity threats. A webinar titled "Rethinking Cybersecurity in a Quantum World" is scheduled for March 25, 2021, featuring industry experts discussing quantum-safe readiness. The company is positioning IronCAP as a solution against emerging quantum computing threats, highlighting its rigorous testing and approval by industry leaders.

Positive

• Participation of over 700 individuals in the Bounty Contest demonstrates strong interest in IronCAP technology.
• IronCAP has been rigorously tested and approved by various industry leaders, enhancing its credibility.
• The upcoming webinar may increase visibility and awareness of IronCAP and its importance in cybersecurity.

Negative

• The need for a contest suggests ongoing concerns about the effectiveness of current encryption technologies against quantum threats.
• Forward-looking statements indicate potential risks regarding the adoption of quantum-safe technologies and competition.

TORONTO, ON / ACCESSWIRE / March 22, 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, announced that as of 12:00am on March 22^nd, 2021 its one-month Bounty Contest has officially closed. 01 Communique's quantum-safe encryption technology, IronCAP™, was put to test in a month-long global Bounty Contest wherein over 700 participants from different parts of the world challenged IronCAP™'s encryption for a CAD $100,000 prize.

To find out details about the results of this Bounty Contest and learn more about the ground-breaking post-quantum encryption technology, you can tune into the upcoming webinar, "Rethinking Cybersecurity in a Quantum World" on March 25^th, 2021 at 4:30pm EST. The webinar will host a powerhouse panel discussion about "Quantum-Safe Readiness" with experts from the industry and global partners of IronCAP^TM as well as featuring a special interview with a world-renowned crypto-scientist.

Andrew Cheung, CEO of 01 Communique, commented, "The dramatic rise in cybersecurity threats coupled with recent major quantum advancements have compelled the industry to rethink its cybersecurity strategy."

A quantum hack has the potential to obliterate existing encryption systems. 01 Communique has recognized this threat early and acting quickly developed one of the first quantum-safe encryption products, IronCAP™, which has been rigorously tested and approved by many industry leaders.

You can join our webinar and "rethink" cybersecurity with industry experts by signing up at: https://ironcap-quantum-readiness.eventbrite.ca.

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^TM'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/636693/IronCAP-Hosting-Rethinking-Cybersecurity-in-a-Quantum-World-Webinar-and-Announces-Bounty-Contest-Results

FAQ

What is the result of the Bounty Contest held by 01 Communique for IronCAP technology?

The Bounty Contest concluded on March 22, 2021, with over 700 participants testing IronCAP's encryption for a CAD $100,000 prize.

When is the webinar about quantum cybersecurity hosted by 01 Communique?

The webinar "Rethinking Cybersecurity in a Quantum World" is scheduled for March 25, 2021, at 4:30pm EST.

What is IronCAP from 01 Communique?

IronCAP is a quantum-safe encryption technology developed by 01 Communique to address the security challenges posed by quantum computing.

What are the key features of IronCAP technology?

IronCAP uses advanced Goppa code-based cryptographic technology to safeguard against future quantum computer attacks while being compatible with classical systems.

What risks are associated with adopting IronCAP technology?

Risks include potential delays in the adoption of quantum-safe technologies, competitive pressures, and the need for ongoing innovation.