Welcome to our dedicated page for 01 Communique news (Ticker: OONEF), a resource for investors and traders seeking the latest updates and insights on 01 Communique stock.
Overview of 01 Communique
01 Communique is a longstanding cybersecurity innovator established in 1992, renowned for its pioneering work in post-quantum cryptography (PQC) and secure remote access technology. With a focus on enterprise-level solutions, the company has built a robust portfolio that addresses the emerging threats posed by quantum computing to traditional encryption methodologies. The company leverages cutting-edge research and a deep understanding of cryptographic standards such as those recommended by the National Institute of Science and Technology (NIST) to deliver products that are not only innovative but also resilient in the face of evolving cyber threats.
Core Business Areas and Technologies
The company operates through two primary business units. The first unit is dedicated to developing post-quantum cybersecurity solutions under its IronCAP trademark, offering a suite of quantum-safe products that secure data communications, blockchain applications, and cryptocurrency transactions from the threat of quantum decryption. IronCAP is protected by multiple patents in the U.S.A., underscoring the company’s dedication to research and development in the quantum-safe domain. The second unit provides advanced secure remote access services under its I'm InTouch and I'm OnCall product lines, ensuring that enterprises maintain strong, secure connectivity across diverse environments.
Market Position and Competitive Landscape
01 Communique positions itself as a technical innovator in an industry where security is paramount. The company differentiates itself by addressing both current cybersecurity challenges and the future demands of a quantum computing era. With strategic partnerships, such as collaborations with fintech-semiconductor firms and blockchain innovators, 01 Communique has managed to create a competitive edge. Its integrated, patent-protected solutions provide a robust defense against modern threats, making it a compelling case study in the secure communications and cybersecurity sectors.
Revenue Model and Operational Excellence
The company generates revenue from recurring subscription fees for its remote access services and licensing fees for its advanced PQC technologies. By balancing development costs with recurring revenue streams, 01 Communique has managed to streamline operations and control expenses, reflecting strong operational discipline. Its model emphasizes scalability and adaptability, allowing it to respond swiftly to technological advances and regulatory changes in cybersecurity standards.
Technological Innovation and Expertise
At its core, 01 Communique leverages extensive patent protection and in-depth technical expertise to build products that are at the forefront of cybersecurity. The integration of post-quantum cryptographic protocols into everyday secure communications makes the IronCAP product line a unique solution in a crowded market. The company continuously enhances its product offerings to ensure compliance with shifting regulatory environments and emerging industry benchmarks, reinforcing its reputation as a trusted tech innovator.
Commitment to Security and Quality
01 Communique’s emphasis on quality, advanced research, and continuous improvement is reflected in its rigorous testing processes and live presentations to stakeholders. The company routinely engages with industry experts and partners to ensure its products not only meet but exceed established standards, thereby solidifying its position as a reliable and forward-thinking cybersecurity provider.
Conclusion
In summary, 01 Communique is a multifaceted cybersecurity company that combines a rich history of innovation with a strategic focus on securing the digital future. Its solutions, built for a quantum-safe era, address the critical need for robust, scalable, and adaptable security measures in an increasingly complex technological landscape. Investors and analysts appreciating technical rigor and operational excellence will find the company’s consistent emphasis on intellectual property strength and market responsiveness to be a testament to its enduring quality and expertise.
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.
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.
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.
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.
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.
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.
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.
TORONTO, ON / ACCESSWIRE / March 14, 2022 / 01 Communique Laboratory Inc. (OTCQB:OONEF) is set to announce its first quarter financial results for 2022 on March 17, 2022, prior to market opening. A live update will follow at 10:00 AM EST, focusing on the company's performance and future prospects for its IronCAP™ technologies. Established in 1992, 01 Communique is a leader in post-quantum cybersecurity solutions, implementing advanced cryptographic systems to safeguard against future threats.
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.
01 Communique Laboratory reported a revenue increase to $885,345 for fiscal 2021, up from $521,791 in 2020, driven by growth in its remote access services amid the work-from-home trend. Despite this, the company recorded a loss of $656,847, similar to the prior year's loss. The fourth quarter saw a slight revenue decline to $163,021. The company continues to expand its partnerships for the IronCAP cybersecurity product and released DoMobile V4. They completed the year with cash of $994,924 and a promise of future growth.
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