Spectral Capital Files Critical Quantum Cybersecurity Patent; Protects Global Encryption from Quantum Threat
Rhea-AI Summary
Spectral Capital (OTCQB:FCCN) has filed a critical patent in quantum cybersecurity, focusing on protecting RSA encryption from quantum computing threats. The patent is one of 104 patentable innovations acquired through the Vogon Cloud acquisition. According to Allied Market Research, the RSA segment represents approximately 50% of the hardware encryption market, projected to reach $1.2 trillion by 2031.
The company aims to develop solutions that ensure RSA encryption remains secure in the quantum era, while also advancing its unhackable distributed quantum ledger database technology. Spectral has announced plans to build one of the largest intellectual property portfolios in the hybrid and quantum computing industry, with a goal of filing more than 500 patents by the end of 2025.
Positive
- Filed strategic patent to protect RSA encryption from quantum threats
- Acquired 104 patentable innovations through Vogon Cloud acquisition
- Targeting $1.2 trillion market opportunity by 2031
- Ambitious IP expansion with 500+ patent filing goal by 2025
Negative
- None.
News Market Reaction
On the day this news was published, FCCN gained 36.51%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
SEATTLE, WA / ACCESSWIRE / January 15, 2025 / Spectral Capital Corporation (OTCQB:FCCN), a pioneer in providing its deep quantum technology platform, is pleased to announce the filing of a critical patent in quantum cybersecurity.
"Over the past three decades, I have been deeply involved in the cybersecurity industry, including founding a leading-edge company that addressed some of the most complex challenges in the field," said Sean Michael Brehm, chairman of Spectral. "Quantum computing elevates cybersecurity risks to an entirely new level. With its potential to break RSA encryption - the foundation of global data security - quantum technology presents an unprecedented threat. In response, our team has developed a solution to ensure RSA encryption remains secure, even in the quantum era." Concluded Spectral chairman Sean Michael Brehm.
"Out of the 104 patentable innovations acquired in the Vogon Cloud acquisition, the patent application around protecting RSA encryption from quantum hacking could be one of our most important. According to Allied Market Research, the global RSA encryption market, primarily measured within the broader "hardware encryption" category, is estimated to hold a significant share, with some reports stating that the RSA segment represents around
Spectral has a portfolio of patents and trade secrets designed to meet the enormous demand for hybrid computing systems which combine current classical computing technologies with emerging quantum computing technologies as these are made commercially available. An entire ecosystem of hardware and software will be needed to support hybrid and quantum computing and Spectral has ambitious plans to build one of the largest intellectual property portfolios in the industry, including its previously announced goal of filing for more than 500 patents by the end of 2025.
About Spectral Capital
Spectral Capital (OTCQB:FCCN) is a quantum technology platform company at the forefront of innovation. Focusing on sustainable green cloud computing, quantum databases, and advanced quantum chip technology, Spectral Capital is revolutionizing industries such as telecommunications, AI, and green technology. With flagship offerings like the Vogon Cloud and Vogon DQLDB, the company is pioneering a future of decentralized, secure, and scalable computing.
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.
Media Contact:
Stephen Francy
Rubenstein Public Relations
sfrancy@rubensteinpr.com
SOURCE: Spectral Capital Corp.
View the original press release on accesswire.com
FAQ
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