TORONTO, Dec. 16, 2019 /CNW/ - 01 Communique Laboratory
Inc.'s (the "Company") (ONE:TSX-V) quantum-safe encryption
"IronCAP" proved to be un-hackable after the Company issued a
world-wide challenge to hackers to crack the Company's quantum-safe
encryption in 36 days in exchange for a $100,000 prize. Nobody was able to break the
Company's encryption providing further validation of the strength
of IronCAP's encryption platform.
Andrew Cheung, 01 Communique's
CEO, stated, "This validates the strength of our IronCAP platform
as to the Company's knowledge this is the first quantum safe
encryption product to successfully emerge from a challenge similar
to the Company's hackathon. Our team is very proud of IronCAP
and our accomplishments to date and we will plan to continue to
pioneer the industry and show industry and governments that IronCAP
is the best choice for post-quantum encryption".
The hackathon was open to all security experts, cybersecurity
enthusiasts, hacker, etc. around the world and attracted a
total of 517 entries. Entrants were given 36 days to try cracking
the IronCAP encryption and had the opportunity to win a
$100,000 prize if they were
successful. Not a single contestant was able to crack the IronCAP
encryption.
Businesses and governments are preparing for the serious threat
that quantum computing poses to traditional encryption. IronCAP's
strength has been endorsed by industry experts. The
CIOReview Editor's Choice Award is a proof that IronCAP is a
promising quantum safe encryption today. For information on how
IronCAP can help your company or clients become quantum safe,
please visit our website, https://www.ironcap.ca/,
or contact the Company at sales@ironcap.ca.
About 01 Communique
01 Communique Laboratory Inc. (TSX-V:ONE) is focused on
cybersecurity with its IronCAP patent-pending cryptographic system.
This system is designed to protect users and enterprises against
the ever-evolving illegitimate and malicious means of gaining
access to their data 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.