TORONTO, April 25, 2019 /CNW/ - 01 Communique
Laboratory Inc. (ONE:TSX-V) gave shareholders a first glimpse of
the Company's post-quantum email and file encrypted system, IronCAP
X, at its Annual Shareholders' Meeting held yesterday in
Toronto.
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
demonstrated at the Company's shareholder meeting 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. The Company reiterated that it is on track for a
commercial release of IronCAP X later this year being the fall of
2019.
"Today cyber security systems are primarily based on the
mathematical difficulty of prime number factorization that would
take the supercomputer of today over 100 years to crack," said
Andrew Cheung, President and CEO of
01 Communique. "Quantum computers, with millions of times faster
processing speeds, are capable of shrinking the 100 years into
seconds or less. They are poised to disrupt the world of cyber
security including blockchains. What we are doing is introducing
our patent pending code based encryption into the equation which
speeds up the quantum computer safe encryption/decryption key
generation process. The end result is an end-to-end system,
IronCAP, which is easy to use and protects your data from being
hacked by the super computers of today and the quantum computers of
tomorrow."
About our ICC technologies:
The Company's invention, as described in its United States patent application Nos.
16/268,098 filed in January 2019,
relates generally to cryptographic systems and methods. It is
a unique cryptographic system that is not only designed to be safe
from malicious attacks from quantum computers in the future but it
can also be implemented on today's classical computer systems to
safeguard them from malicious attacks that are present in today`s
environment. Its application is very broad. Solution vendors of
many industries such as email encryption, file encryption, digital
signature, blockchain implementation, remote access / VPN, credit
card security, cloud storage, password management, etc can easily
transform their solutions to safeguard against the threat in the
post-quantum world of computing. The email/file encryption and
digital signature product described above is one of these vertical
applications that the Company intends to implement and offer as a
commercial product.
Neither TSX Venture Exchange
("TSX-V") nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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
Cautionary Note Regarding Forward-looking Statements.
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.