QUANTUM EMOTION CORP - QNCCF STOCK NEWS

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.

Quantum eMotion (QeM) has appointed John Young as a new board member to bolster its cybersecurity and IT operations. Young brings over 35 years of experience in the sector, having previously held significant roles at McDonnell Douglas, Kaiser Permanente, and IBM's Cloud Division. His expertise includes managing IT infrastructure, large-scale data centers, and corporate acquisitions. Young replaces Scott Rickards and will receive 500,000 options as part of his compensation. QeM CEO Francis Bellido welcomes Young, emphasizing his critical role in enhancing the company's security measures and addressing future quantum computing threats.

Quantum eMotion Corp. (QNCCF) announced its financial and operational results for the year ending December 31, 2023. The company focused on advancing its Quantum Random Number Generator technology, increasing R&D expenses, securing a strong cash position, and partnering with key institutions. With a $750K private placement in March 2024, the company is well-positioned for commercialization in sectors like healthcare, defense, and finance.

Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) announces a delay in filing its annual financial statements due to asset evaluation complexities, which have been resolved. Expecting a cease trade order from the Ontario Securities Commission, affecting trading until the documents are filed. No undisclosed material information. Company focuses on cybersecurity solutions.

Quantum eMotion Corp. files a PCT patent application for a quantum-based blockchain wallet leveraging Quantum Random Number Generator technology. The innovative method aims to enhance the security of cryptocurrency wallets by intelligently selecting key generation schemes and utilizing true random number generation. The technology, developed in partnership with Dr. Kaiwen Zhang at ETS, is now patent pending worldwide under the Patent Cooperation Treaty. The global hardware wallet market is projected to grow significantly, reaching $3.6 billion by 2031, driven by the increasing demand for secure cryptocurrency storage solutions amidst rising cyber threats and the potential risks posed by quantum-computer attacks.

CSR5 GLOBAL Inc. and Quantum eMotion Corp. announce a groundbreaking partnership to enhance cybersecurity with cutting-edge quantum-based solutions. QeM will provide post-quantum cryptography and cloud-based security to CSR5, addressing the increasing cyber threats faced by businesses. The collaboration aims to revolutionize security measures and reduce financial losses caused by cybercrime. QeM's CEO highlights the inadequacy of traditional cybersecurity methods against modern threats, while CSR5's President emphasizes their innovative approach to enhancing security capabilities. The partnership will be showcased at upcoming tech events in Toronto, offering attendees insights and a discounted subscription fee for the first year.