TORONTO, Nov. 12, 2019 /CNW/ - 01 Communique Laboratory
Inc. (the "Company") (ONE:TSX-V) launched its quantum hackathon
tackling the threat of quantum computing. Cybersecurity companies,
computer science students and hackers have begun challenging the
Company's 'quantum-safe' encryption in a $100,000 hackathon.
On November 6th, the Company
hosted an innovation celebration event with technology
presentations from industry experts in artificial intelligence and
cyber security. Andrew Cheung, 01
Communique's CEO, was one of the presenters addressing business
people, students, and hackers on the threat quantum computers
present with respect to keeping your data safe. He revealed the
purpose behind the hackathon and why he is confident enough to
offer a $100,000 prize.
Andrew Cheung enthusiastically
described the hackathon challenge, "Our hackathon will show the
world that our encryption is rock-solid. We are the only Canadian
company and the first post-quantum encryption to offer a prize of
$100,000. We have invested over three
years in developing our IronCAP technology with a development team
that has combined 50 years of experience in code-based encryption.
We are very confident that our technology will withstand any
attempt by any participant to crack the code in our
hackathon."
The Company expects contestants from around the world to
challenge its quantum-safe encryption. The hackathon is available
online globally. Anyone to who has a Google or Facebook account can
sign up to participate. Contestants will be given 30 days to crack
IronCAP's code. A cash prize of $100,000 will be awarded to the first person (if
there is any) who is able to break the encryption. A paper
describing the method used to crack the encryption is required to
be submitted by the participant.
Innovative people working in tech along with researchers,
computer scientists, students and hackers are encouraged to sign up
for the hackathon. Signup will be accepted online at www.ironcap.ca
beginning November 11, 2019 and the
contest closes on December 12,
2019. Result will be announced on or about December 16, 2019.
About 01 Communique
01 Communique Laboratory Inc. (TSX-V:ONE) is focused on
cybersecurity with its IronCAP patent-pending cryptographic system
designed to protect users and enterprises against the ever-evolving
illegitimate and malicious means of gaining access to their data
today and in the future with the introduction of powerful quantum
computers. Based on improved code-based encryption it is designed
to be faster and more secure than current standards. IronCAP
operates on conventional computer systems so users are protected
today while at the same time being secure enough to safeguard
against future attacks coming with the introduction of quantum
computers. Along with IronCAP the Company's legacy business
provides customers with a suite of secure remote access services
and products. These 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 on the Company visit www.01com.com or for more
information on IronCAP visit www.ironcap.ca.
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. 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.
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.
SOURCE 01 Communique Laboratory Inc.
