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QUANTUM EMOTION CORP (symbol: QNCCF) is a pioneering force in classical and quantum cybersecurity solutions, focusing on developing revolutionary quantum-based security solutions to combat modern cyber threats. The company offers cutting-edge post-quantum cryptography and cloud-based security solutions through a landmark partnership with CSR5 GLOBAL Inc., redefining the cybersecurity landscape. Anchored by its patented Quantum Random Number Generator technology, QeM aims to provide enhanced protection for high-value assets and critical systems. With a strategic focus on sectors like financial services, healthcare, blockchain applications, and secure device keying, QeM is paving the way for a secure digital future.
Quantum eMotion Corp (TSXV: QNC) (OTCQB: QNCCF) has completed a non-brokered private placement, raising $750,000 by issuing 7.5 million units at $0.10 per unit. Each unit includes one common share and one warrant exercisable at $0.20 for 24 months. The funds will accelerate the commercialization of their patented Quantum Random Number Generator technology, targeting Healthcare Services, Cloud-Based IT Security, Government Networks, IoT, and Financial Services. Insiders participated with $51,000, and the total outstanding shares post-placement are 158,002,838.
Quantum eMotion Corp (TSXV: QNC) (OTCQB: QNCCF) has been featured in the Korea Business Herald for its innovative IoT security solutions. The article, authored by Arthur Herman from the Hudson Institute, explores how quantum technology can enhance IoT security amid growing cybersecurity concerns. The piece highlights QeM's quantum random number generation (QRNG) technology as a solution for securing IoT devices, which is particularly relevant as the IoT market is projected to reach $875 billion by 2025. The QRNG market itself is expected to grow to $14 billion by 2030, positioning QeM's unhackable security solutions as important for protecting IoT networks.
Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) is intensifying its efforts to secure communications in response to the growing threat of quantum computing to modern cryptography. This comes after a recent report claiming Chinese scientists have successfully used quantum computers to breach military-grade encryption algorithms.
The company is rigorously testing its Quantum Random Number Generator (QRNG) and Kyber algorithm through advanced quantum simulations. Quantum eMotion is also collaborating with The Platform for Digital and Quantum Innovation (PINQ²) to simulate quantum attacks using IBM's Qiskit platform.
By integrating QRNG and Post-Quantum Encryption (PQE), Quantum eMotion's dual-layered approach aims to enhance security across various industries, including financial services, healthcare, and government networks. The company is proactively preparing for the post-quantum future, anticipating key milestones in the coming months to validate its technology and initiate commercialization.
Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) gained recognition at the Quantum World Congress 2024 in Virginia for its pioneering quantum-safe communication solutions. The company's Quantum Random Number Generators (QRNGs) were highlighted for enhancing data security in healthcare and generative AI applications.
QeM's QRNGs offer true randomness and quantum-safe encryption, protecting against current and future quantum computer threats. In healthcare, they safeguard medical data, secure telemedicine platforms, and ensure unbiased randomization in clinical trials. For generative AI, QRNGs improve content quality and secure AI models from vulnerabilities.
The recognition came during a panel on quantum policy and ethics led by Arthur Herman, Senior Fellow at the Hudson Institute and Director of the Quantum Alliance Initiative. This acknowledgment underscores QeM's significant role in advancing quantum technology for practical applications in critical sectors.
Terranova Defense Solution (TDS) and Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) have announced a strategic partnership to accelerate the commercialization of advanced cybersecurity solutions. QeM will be the exclusive provider of quantum entropy generators, post-quantum cryptography, and cloud-based security solutions to TDS. This collaboration leverages TDS's extensive international network and QeM's cutting-edge quantum-based security technology.
The partnership aligns with NIST's recent release of recommended quantum-safe algorithms, positioning both companies to capitalize on the growing market demand for quantum-based security solutions. TDS, as part of the Terranova Defense Group, operates in 21 countries across 4 continents, aiming to become a unicorn service within three years.
Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) has secured a key patent in India for its first-generation quantum random number generation technology based on quantum tunneling. The patent, valid for 20 years, strengthens QeM's global intellectual property portfolio. CEO Francis Bellido emphasized the significance of this achievement, given India's substantial investment in quantum technologies and leadership in quantum communications.
QeM's robust patent portfolio includes five patent families spanning multiple countries:
- 1st Generation: Quantum Tunneling for Random Number Generation
- 2nd Generation: Pure Quantum Signal Extraction
- 3rd Generation: Utilizing Consumer Electronics
- 4th Generation: Cost-efficient Key Generation for Blockchain
- 5th Generation: Advanced Hardware Wallet for Cryptocurrency
The company continues to innovate and develop new patent applications through collaborations with universities and ongoing research efforts.
Quantum eMotion (TSXV: QNC) (OTCQB: QNCCF) has deployed its Hardware Security Module (HSM) and related infrastructure to the Tier 4 Vantage Data Center in Montreal. This move prepares for upcoming commercial activities and ensures ISO 27001 compliance. The HSM features a high-performance Quantum electron tunnel effect-based entropy generator, important for securing complex messages and database structures.
QeM's Entropy-As-A-Service (EAAS) system, a cloud-based solution supplying high-grade entropy for cryptographic systems, will benefit from this colocation. Vantage Data Centers offers reliability, scalability, and enhanced security, with redundant power, advanced cooling, and robust security measures. This partnership allows QeM to expand its IT infrastructure, focus on core business activities, and meet regulatory requirements while benefiting from Vantage's energy-efficient facilities and 24/7 technical support.
Quantum eMotion (TSXV: QNC) (OTCQB: QNCCF) has achieved ISO/IEC 27001:2022 certification, a globally recognized standard for information security management. This certification underscores QeM's commitment to ensuring the security of its quantum-based cybersecurity solutions. The certification covers the company's security management of applications and systems, helping it meet legal, regulatory, and contractual obligations. CEO Francis Bellido emphasized the importance of this milestone in fostering trust and opening new business opportunities, particularly in sectors like financial services, healthcare, and government contracts. The CTO, Larry Moore, noted that this certification enhances operational processes and provides a competitive market edge.
Quantum eMotion Corp. has announced the development of an innovative hardware wallet technology designed for the cryptocurrency industry. This solution integrates the company's Quantum Random Number Generation (QRNG) and intelligent key generation scheme selection technologies to improve the efficiency and cost-effectiveness of hierarchical deterministic (HD) wallets. By reusing the same hardware components for generating both master and child keys, the new wallet reduces costs, circuit complexity, and footprint.
This development comes at a time when the hardware wallet market was valued at USD 284.9 million in 2023 and is expected to grow at a CAGR of 23.2% from 2024 to 2030. Quantum eMotion has filed for a patent to secure international intellectual property protection. CEO Francis Bellido highlighted the significance of this technology, marking it as the company's second collaboration with ETS for blockchain and cryptocurrency applications.
Quantum eMotion (TSXV: QNC, OTCQB: QNCCF) has retained Red Cloud Securities to provide market-making services, subject to regulatory approval. Red Cloud will help maintain a reasonable market and improve liquidity for QeM's common shares on the TSX Venture Exchange. The agreement includes a monthly fee of $5,000, paid quarterly in advance for the first three months, and monthly thereafter. There are no performance factors, and the term is ongoing with a 30-day termination notice. Red Cloud and its clients may hold interests in QeM's securities.
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