SCOPE TECHNOLOGIES CORP - SCPCF STOCK NEWS

Scope Technologies (SCPCF) announces its Quantum Security Entropy (QSE) platform's alignment with proposed HIPAA Security Rule updates by the U.S. Department of Health and Human Services. The updates mandate enhanced cybersecurity measures including multifactor authentication, data encryption, and network segmentation for protecting electronic protected health information (ePHI).

QSE's solutions feature quantum-resilient encryption, immutable decentralized cloud storage, seamless integration capabilities, and Quantum Preparedness Assessments (QPA). These features directly address the proposed regulations, which are expected to cost the healthcare industry approximately $9 billion in the first year of implementation.

The company's platform offers true entropy encryption for unbreakable security, round-trip encryption with distributed architecture, and robust access controls while integrating with existing cybersecurity frameworks.

Scope Technologies (SCPCF) has secured a $1 million CAD convertible debt financing from First Majestic Silver Corp., complementing its previously announced $1.8 million CAD non-brokered private placement. The convertible debt includes a 4% annual interest rate, one-year maturity, and conversion rights at $1.40 per share.

The investment follows First Majestic's successful completion of a Proof of Concept (POC) process, validating Scope's quantum-resistant encryption and data storage solutions. First Majestic has also signed on as an enterprise client. The funding will support operational growth, business development, and product management initiatives as Scope Technologies aims to expand its market presence in quantum-resistant security solutions.

Scope Technologies (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) has announced its successful listing on Tradegate Exchange in Germany. This strategic move aims to enhance the company's visibility and accessibility to European investors, potentially expanding its shareholder base.

Scope Technologies Corp. (SCPCF) has engaged Percepture, a digital marketing and PR agency, to expand the market presence of its QSE (Quantum Security Entropy) brand. The partnership aims to drive client acquisition in the quantum security sector through targeted LinkedIn and Google Ads campaigns, focusing on QSE's quantum-resistant encryption and decentralized storage solutions.

The marketing strategy includes programmatic advertising and thought leadership initiatives, with upcoming SEO campaigns targeting key industries such as finance, healthcare, and legal sectors. The initiative will also promote GEM AI's machine learning solutions as part of Scope's multi-channel approach.

Scope Technologies (SCPCF) announced the development of the QSE Mobile App, a quantum-resistant encrypted communication and file sharing solution. The app will utilize Scope's proprietary quantum-resistant round-trip encryption technology, targeting individuals, businesses, and enterprises, particularly in legal, healthcare, and financial sectors.

The app's key features include quantum-resistant encrypted communication for protecting conversations from classical and quantum-level attacks, secure file sharing with quantum-proof encryption, and cross-industry accessibility. The company plans to provide an update on the launch date in Q1 2025.

Scope Technologies Corp. (SCPCF) has secured First Majestic Silver Corp. as an enterprise client for its quantum-resistant encryption and decentralized data vault solutions. The mining company completed a custom Proof of Concept process, including Scope's Quantum Preparedness Assessment, to evaluate data vulnerabilities in quantum computing scenarios. The implementation aims to protect First Majestic's data against both current and future quantum computing threats, ensuring seamless integration with their IT infrastructure while maintaining quantum-resilient standards.

The partnership comes amid growing concerns about quantum computing advancements, such as Google's Willow project, highlighting the increasing need for businesses to adopt quantum-resistant security measures.

Scope Technologies (OTCQB: SCPCF) has responded to OTC Markets' inquiry regarding promotional activities of its shares. The company confirms engaging Creative Direct Marketing Group (CDMG) in June 2024 for investor relations and marketing services to promote its QSE platform. This engagement was publicly disclosed in multiple news releases.

The company acknowledges increased trading activity since November 25, 2024, but believes the promotional materials aren't solely responsible. Recent corporate activities include the exercise of 584,000 stock options at $0.60 per share, with 234,000 exercised by directors and officers. The company has engaged several third-party service providers for investor relations and marketing services in the past year.

Scope Technologies (CSE: SCPE) (OTCQB: SCPCF) has announced significant upgrades to its data-in-transit security infrastructure, expanding its entropy delivery network across Europe, Asia, and North America. The expansion enhances service speed, reduces latency, and strengthens protection against cyber threats including man-in-the-middle attacks and Harvest Now, Decrypt Later (HNDL) strategies.

The network improvements focus on delivering faster and more reliable data encryption while supporting the company's upcoming secure mobile application. These advancements align with industry compliance requirements and reinforce QSE platform's capabilities in secure, real-time communications.

Scope Technologies (CSE: SCPE) (OTCQB: SCPCF) has announced changes to its Board of Directors. Shoukri Kattan, Founder and CEO of BitLab, has been appointed as a new board member. Kattan brings over 20 years of experience in AI, MedTech, and digital health sectors. At BitLab, he has overseen the launch of 30+ products and helped startups raise more than $25 million. Previously, as Director of Engineering at Ericsson, he led a 100+ engineer team serving major clients like Apple and AT&T.

James Liang will be stepping down from the Board. CEO James Young expressed enthusiasm about Kattan's appointment, citing his experience in technology and innovation as aligned with Scope's mission in quantum security and AI.