IronCAPTM Expects to Meet the
Urgent Demand for a Quantum Safe Encrypted System as Early
as 4Q2019!
TORONTO, May 14, 2019 /CNW/ - 01 Communique
Laboratory Inc. (ONE: TSX-V). The urgent need for a stronger
cybersecurity system in the age of quantum computing is being
validated by articles published by researchers and innovative
pioneers of post-quantum cyber security technology.
With the arrival of quantum computing, not only is the number of
calculations that this new computing power can perform
unimaginable, but so are the opportunities that come with it.
Quantum computers are extremely powerful and as such have a dark
side as well, as set out in a Globe and Mail article dated
May 6, 2019: "They will also enable
much of today's 'unbreakable' encryption to be hacked in mere
minutes. The encryption that underpins the security of the world's
current cyber infrastructure will likely be undermined by quantum
computers relatively soon – arguably in the next 10 years, but
perhaps earlier. Even now, those with malevolent intent are able to
copy and store encrypted data until a quantum computer is available
to decrypt it".
Quantum computer threats do not only matter on a national
security level, but to each and every individual as well. That is
why 01 Communique has spent the last several years developing its
new quantum-safe cryptographic system – the IronCAP Crypto
(ICC).
To meet this urgent demand, IronCAP-X, the first product
offering of ICC's patent pending encryption technology, will be in
customers' hands as early as this September. Once available
customers will be able to start using IronCAP to protect their
emails and other forms of digital exchange against today's attacks
as well as against attacks from quantum computers. "We expect to
see significant interest in our IronCAP X quantum-safe email system
from governments at all levels and from those businesses with a
keen interest to protect their emails from being hacked and then we
expect the market will reflect a proper valuation for our core
business," said Andrew Cheung,
President and CEO of 01 Communique.
About IronCAP: IronCAP X is the Company's first product
incorporating its patent pending IronCAP Crypto ("ICC") technology
and is believed to be the world's first quantum-safe email system.
The system was demonstrated at the Company's shareholder meeting in
April and showed how easy it is to send and receive an email that
encapsulates 01's encryption and digital signing system, IronCAP X,
providing an end-to-end encrypted message that only the recipient
can decrypt and read.
About 01 Communique: Established in 1992, 01
Communique Laboratory Inc. (TSX-V: ONE) has always been at the
forefront of technology. The Company's legacy business provides its
customers with a suite of secure remote access services and
products. In early 2018 the Company began transitioning its
business focusing on cybersecurity with the development and
implementation of Post-Quantum Cryptography and Post-Quantum
Blockchain technologies, which can be implemented on classical
computer systems as we know them today while at the same time
intended to be secure enough to safeguard against potential Quantum
Computer attacks. The Company's legacy products are protected in
the U.S.A. by its patents
#6,928,479 / #6,938,076 / #8,234,701; in Canada by its patents #2,309,398 / #2,524,039
and in Japan by its patent
#4,875,094. For more information, visit the Company's web site at
www.01com.com
Forward-looking Statement:
Certain statements in this
news release may constitute "forward-looking" statements which
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company, or industry results, to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statements. When used in this news
release, such statements use such words as "may", "will", "expect",
"believe", "plan", "intend", "are confident" and other similar
terminology. Such statements include statements regarding the
timing of the release of IronCAP X later this year, the future of
quantum computers and their impact on the Company's product
offering, the functionality of the Company's products and the
intended product lines for the Company's technology. These
statements reflect current expectations regarding future events and
operating performance and speak only as of the date of this news
release. Forward-looking statements involve significant risks
and uncertainties, should not be read as guarantees of future
performance or results, and will not necessarily be accurate
indications of whether or not such results will be achieved. A
number of factors could cause actual results to differ materially
from the results discussed in the forward-looking statements,
including, but not limited to, the factors discussed under "Risk
and Uncertainties" in the company's Management`s Discussion and
Analysis document filed on SEDAR. Although the forward-looking
statements contained in this news release are based upon what
management of the Company believes are reasonable assumptions, the
company cannot assure investors that actual results will be
consistent with these forward looking statements. These
forward-looking statements are made as of the date of this news
release, and the company assumes no obligation to update or revise
them to reflect new events or circumstances.
SOURCE 01 Communique Laboratory Inc.
