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01 COMMUNIQUE LAB INC - OONEF STOCK NEWS

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01 Communique Laboratory Inc. (OONEF) is a leading cybersecurity provider specializing in post-quantum security solutions for the quantum computing era. With a focus on quantum-safe technologies, the company offers cutting-edge cyber resilience solutions to businesses, organizations, and governments globally.

The company's product line, IronCAP™, is patent-protected and combines NIST-approved post-quantum cryptography algorithms with proprietary cryptographic technology. This ensures that sensitive data remains secure in the face of evolving cyber threats posed by quantum computing.

In addition to its cybersecurity business unit, 01 Communique provides a suite of secure remote access services and products under the I'm InTouch and I'm OnCall offerings. These solutions are designed to enable secure, efficient remote connectivity for businesses and individuals.

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01 Communique Laboratory reported a 20% revenue increase in Q2 fiscal 2022, totaling $357,594, allowing for enhanced investments in product development. Notably, an investment of $190,212 was made, targeting quantum-safe blockchain solutions. The company reported a loss of $82,879 for the quarter, with $849,375 in cash remaining. They entered a partnership with Talent Summit to develop a quantum-safe blockchain and filed a patent for quantum-safe steganography. Stock options for directors and executives were granted for up to 900,000 shares.

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01 Communique Laboratory Inc. (TSX-V:ONE, OTCQB:OONEF) is set to release its second quarter financial results for 2022 on June 16, before the market opens. The quarter ended on April 30. A live update will be held at 10:00 AM EST on the same day, discussing the results and future prospects of its IronCAP™ technologies. The company is a pioneering enterprise-level cybersecurity provider focusing on quantum computing solutions, with its unique cryptographic technology safeguarded by multiple patents. More details can be found at www.ironcap.ca.

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01 Communique Laboratory (OTCQB:OONEF) has released a paper titled "Email Phishing: Culprit behind Ransomware", in partnership with PwC China. The document addresses the growing threat of ransomware fueled by email phishing, emphasizing the need for end-to-end email solutions with strong authentication and identity verification. Key insights from PwC partners highlight practical defenses against phishing. The Company's President, Andrew Cheung, noted the timely introduction of IronCAP X™, a leading email encryption and digital signing system utilizing quantum-safe technology.

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01 Communique Laboratory Inc. (OTCQB: OONEF) filed a patent for its revolutionary quantum-safe steganography technology. This innovation allows covert data hiding in digital media, enhancing security for NFTs and digital wallets. Unlike traditional methods relying on physical paper, the new technology securely embeds private keys in digital files, safeguarded against quantum threats. CEO Andrew Cheung emphasized the importance of this technology in modern decentralized finance. The company aims to integrate this technology into its quantum-safe blockchain project, positioning itself as a leader in post-quantum cybersecurity.

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01 Communique Laboratory Inc. (OTCQB: OONEF) will conduct its Annual and Special Meeting of Shareholders on April 27, 2022, exclusively online due to Covid-19 concerns. Shareholders can access the meeting via a provided Zoom link. Following the formalities, CEO Andrew Cheung will discuss the company's growth in 2021 and future plans. Meeting materials were shared with shareholders by March 17, 2022, and are available on SEDAR.

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01 Communique Laboratory Inc. (TSXV:ONE / OTCQB:OONEF) has announced that its Annual and Special Meeting of Shareholders on April 27, 2022, will have restricted attendance due to Covid-19 concerns. Shareholders are encouraged to vote by proxy. The meeting will feature a report from President and CEO Andrew Cheung on 2021 growth and plans for 2022. To ensure safety, the company aims to keep all participants safe and hopes to resume in-person meetings in 2023. Shareholders must submit proxies by April 25, 2022, for inclusion in the meeting results.

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01 Communique Laboratory Inc. (OONEF) has been selected to develop the World's First Quantum-Safe Blockchain, aimed at Tokens, NFTs, and DeFi. This initiative responds to rising cyber threats, particularly from quantum computing. The company will receive $250,000 plus a 10% royalty per transaction as compensation. The new blockchain, integrated with the existing Solana technology, promises high performance with tens of thousands of transactions per second. A Proof-of-Concept is planned within three months, setting the stage for advancements in post-quantum cybersecurity.

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01 Communique Laboratory Inc. (TSX-V:ONE)(OTCQB:OONEF) announced the appointment of Mr. Tyson Macaulay to its Board of Directors effective March 22, 2022. With over 25 years of experience in cybersecurity, he has held senior roles at Rockport Networks, InfoSec Global, BAE Systems, Intel, and Fortinet. Mr. Macaulay aims to assist in enhancing the company's market position, especially for its IronCAP™ technology. The board also granted him 200,000 stock options at an exercise price of $0.23, vesting in two tranches.

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01 Communique Laboratory (TSXV:ONE; OTCQB:OONEF) has engaged Hybrid Financial Ltd. for investor relations services to enhance market awareness and broaden investment reach across Canada and the U.S. This partnership will last 12 months and includes a monthly fee of $22,500, payable upon financing completion. The company, recognized for its post-quantum cybersecurity solutions, particularly IronCAP™, aims to address future computing threats. Hybrid Financial operates in both Toronto and Montreal while ensuring compliance with applicable securities laws.

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01 Communique Laboratory reports its Q1 fiscal 2022 results, ending January 31, 2022, showing revenue of $189,031, down from $213,262 in 2021. The net loss increased to $207,641, compared to $112,734 the previous year. The company emphasizes global expansion, particularly through a partnership in Europe, targeting cybersecurity solutions amid rising market demands. Cash reserves at the end of the quarter stood at $881,246, expected to support ongoing development of its IronCAP technology. The firm continues to grow its Asia-Pacific subscriber base, now exceeding 3,800 corporations using its secure access solution.

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FAQ

What is the current stock price of 01 COMMUNIQUE LAB (OONEF)?

The current stock price of 01 COMMUNIQUE LAB (OONEF) is $0.2216 as of December 24, 2024.

What is the market cap of 01 COMMUNIQUE LAB (OONEF)?

The market cap of 01 COMMUNIQUE LAB (OONEF) is approximately 6.7M.

What is 01 Communique Laboratory Inc. known for?

01 Communique is a cybersecurity provider specializing in post-quantum security solutions for the quantum computing era.

What is IronCAP™?

IronCAP™ is the company's product line that combines NIST-approved post-quantum cryptography algorithms with proprietary cryptographic technology to safeguard sensitive data.

What services does 01 Communique offer besides cybersecurity?

In addition to cybersecurity solutions, 01 Communique provides secure remote access services and products under the I'm InTouch and I'm OnCall offerings.

How does 01 Communique help businesses address cyber threats?

By offering quantum-safe technologies and secure remote access solutions, 01 Communique empowers businesses, organizations, and governments to enhance their cybersecurity resilience.

What sets 01 Communique apart in the cybersecurity industry?

01 Communique's focus on post-quantum security and its advanced IronCAP™ technology differentiate it as a leader in addressing cyber threats posed by quantum computing.

01 COMMUNIQUE LAB INC

OTC:OONEF

OONEF Rankings

OONEF Stock Data

6.75M
83.78M
12.91%
Software - Application
Technology
Link
United States of America
Toronto