Spectral Capital Announces Patent Milestone

Rhea-AI Summary

Spectral Capital (OTCQB: FCCN) announced a significant patent milestone in quantum computing. The company has filed 61 patents and plans to file a total of 104 patents by the end of January 2025, following the acquisition of Vogon Cloud technology. Spectral aims to file more than 500 patent applications by the end of 2025, positioning itself as a global intellectual property leader in quantum computing.

The company highlights that while classical computing has seen 350,000 patents filed worldwide, quantum computing has less than 40,000 patent applications. Spectral's patent portfolio covers various innovations, including synthetic data methods, Monte Carlo simulations for quantum error reduction, cyber security solutions, and room-temperature quantum chips. The company's strategy aims to strengthen US intellectual property dominance in quantum computing.

Positive

• Aggressive patent filing strategy with 61 patents filed and plans for 500+ by end of 2025
• Strategic positioning in an underserved patent space (40,000 quantum vs 350,000 classical computing patents)
• Diversified quantum technology portfolio including cloud, computing, algorithms, databases, and quantum chips

Negative

• Significant investment required for extensive patent filing strategy
• Patent applications don't guarantee approval or commercial success

Targets Globally Competitive Quantum Patent Strategy

SEATTLE, Jan. 6, 2025 /PRNewswire/ -- Spectral Capital Corporation (OTCQB: FCCN), a pioneer in Quantum as a Service (QaaS) computing and decentralized cloud infrastructure, is pleased to announce the achievement of a major patent milestone as the first step in its plan to become a globally competitive leader in quantum computing patents.

"According to the World Intellectual Property Organization ("WIPO"), there were 350,000 patents filed worldwide in classical computing.  Analysts estimate there are less than 40,000 patent applications that have ever been filed in quantum computing.  This tells us that there is an enormous opportunity to innovate and protect innovation within quantum computing.  We intend to compete hard to assert US intellectual property dominance within the quantum computing space."  Announced Spectral chairman Sean Michael Brehm.

"As of today, Spectral will have filed 61 patents in the field of quantum computing.  We intend to file a total of 104 patents in quantum computing by the end of January 2025, completing the initial patent filing from our acquisition of the Vogon Cloud technology.  With the acquisition of Verdant Quantum and Quantomo combined with the innovations being championed by Dr. Wolf Kohn, Dr. Moshik Cohen and Chairman Sean Brehm, we have committed to filing more than 500 patent applications by the close of 2025." Said Spectral's Chief Executive Officer, Jenifer Osterwalder. 

"According to the leading source of patent filings worldwide, The Patent 300 List, Nvidia had 464 patents issued in 2023.  To be a global top 100 company in patents requires around 450 patents issued.  Spectral intends to have 500 filings by the end of 2025, but these will be concentrated in quantum computing and hybrid computing.   This will make us a global intellectual property leader in the field.  Our innovations run the gamut, from unique methods to use synthetic data and Monte Carlo simulations to reduce quantum computing errors to novel approaches to the commoditization of cyber security in the quantum era. Spectral is proud to contribute important innovations that can help to maintain US dominance in this strategically critical domain. These patents secure our deep quantum technology platform, encompassing decentralized cloud, computing, advanced quantum algorithms, quantum databases, and room-temperature quantum chips." Concluded Brehm.

About Spectral Capital Corporation: Founded in 2000 and based in Seattle, Washington, Spectral Capital (OTCQB:FCCN) is a technology startup accelerator and quantum incubator. We specialize in Quantum as a Service (QaaS), leveraging our proprietary Distributed Quantum Ledger Database technology (DQ-LDB) to offer secure, advanced storage and computing solutions.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and FCCN's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although FCCN believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of FCCN. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in FCCN's business; competitive factors in the market(s) in which FCCN operates; risks associated with operations outside the United States; and other factors listed from time to time in FCCN's filings with the Securities and Exchange Commission. FCCN expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in FCCN's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For more information, please visit www.spectralcapital.com.

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SOURCE Spectral Capital Corporation

FAQ

How many patents does Spectral Capital (FCCN) plan to file by the end of 2025?

Spectral Capital plans to file more than 500 patent applications by the end of 2025, focusing on quantum computing and hybrid computing technologies.

What is the current number of patents filed by Spectral Capital (FCCN) in quantum computing?

As of January 2025, Spectral Capital has filed 61 patents in the field of quantum computing.

How many quantum computing patent applications exist globally compared to classical computing?

According to WIPO, there are less than 40,000 quantum computing patent applications worldwide, compared to 350,000 patents in classical computing.

What areas do Spectral Capital's (FCCN) quantum computing patents cover?

Spectral's patents cover synthetic data methods, Monte Carlo simulations for quantum error reduction, cyber security solutions, decentralized cloud, quantum databases, and room-temperature quantum chips.

How many patents does FCCN plan to file by January 2025 following the Vogon Cloud acquisition?

Spectral Capital plans to file a total of 104 patents by the end of January 2025, completing the initial patent filing from the Vogon Cloud technology acquisition.