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QUANTUM EMOTION CORP - QNCCF STOCK NEWS

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QUANTUM EMOTION CORP (symbol: QNCCF) is a pioneering force in classical and quantum cybersecurity solutions, focusing on developing revolutionary quantum-based security solutions to combat modern cyber threats. The company offers cutting-edge post-quantum cryptography and cloud-based security solutions through a landmark partnership with CSR5 GLOBAL Inc., redefining the cybersecurity landscape. Anchored by its patented Quantum Random Number Generator technology, QeM aims to provide enhanced protection for high-value assets and critical systems. With a strategic focus on sectors like financial services, healthcare, blockchain applications, and secure device keying, QeM is paving the way for a secure digital future.

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Quantum eMotion Corp. has announced the development of an innovative hardware wallet technology designed for the cryptocurrency industry. This solution integrates the company's Quantum Random Number Generation (QRNG) and intelligent key generation scheme selection technologies to improve the efficiency and cost-effectiveness of hierarchical deterministic (HD) wallets. By reusing the same hardware components for generating both master and child keys, the new wallet reduces costs, circuit complexity, and footprint.

This development comes at a time when the hardware wallet market was valued at USD 284.9 million in 2023 and is expected to grow at a CAGR of 23.2% from 2024 to 2030. Quantum eMotion has filed for a patent to secure international intellectual property protection. CEO Francis Bellido highlighted the significance of this technology, marking it as the company's second collaboration with ETS for blockchain and cryptocurrency applications.

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Quantum eMotion (TSXV: QNC, OTCQB: QNCCF) has retained Red Cloud Securities to provide market-making services, subject to regulatory approval. Red Cloud will help maintain a reasonable market and improve liquidity for QeM's common shares on the TSX Venture Exchange. The agreement includes a monthly fee of $5,000, paid quarterly in advance for the first three months, and monthly thereafter. There are no performance factors, and the term is ongoing with a 30-day termination notice. Red Cloud and its clients may hold interests in QeM's securities.

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Quantum eMotion (QeM) has appointed John Young as a new board member to bolster its cybersecurity and IT operations. Young brings over 35 years of experience in the sector, having previously held significant roles at McDonnell Douglas, Kaiser Permanente, and IBM's Cloud Division. His expertise includes managing IT infrastructure, large-scale data centers, and corporate acquisitions. Young replaces Scott Rickards and will receive 500,000 options as part of his compensation. QeM CEO Francis Bellido welcomes Young, emphasizing his critical role in enhancing the company's security measures and addressing future quantum computing threats.

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Quantum eMotion Corp. (QNCCF) announced its financial and operational results for the year ending December 31, 2023. The company focused on advancing its Quantum Random Number Generator technology, increasing R&D expenses, securing a strong cash position, and partnering with key institutions. With a $750K private placement in March 2024, the company is well-positioned for commercialization in sectors like healthcare, defense, and finance.

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Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) announces a delay in filing its annual financial statements due to asset evaluation complexities, which have been resolved. Expecting a cease trade order from the Ontario Securities Commission, affecting trading until the documents are filed. No undisclosed material information. Company focuses on cybersecurity solutions.

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Quantum eMotion Corp. files a PCT patent application for a quantum-based blockchain wallet leveraging Quantum Random Number Generator technology. The innovative method aims to enhance the security of cryptocurrency wallets by intelligently selecting key generation schemes and utilizing true random number generation. The technology, developed in partnership with Dr. Kaiwen Zhang at ETS, is now patent pending worldwide under the Patent Cooperation Treaty. The global hardware wallet market is projected to grow significantly, reaching $3.6 billion by 2031, driven by the increasing demand for secure cryptocurrency storage solutions amidst rising cyber threats and the potential risks posed by quantum-computer attacks.
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CSR5 GLOBAL Inc. and Quantum eMotion Corp. announce a groundbreaking partnership to enhance cybersecurity with cutting-edge quantum-based solutions. QeM will provide post-quantum cryptography and cloud-based security to CSR5, addressing the increasing cyber threats faced by businesses. The collaboration aims to revolutionize security measures and reduce financial losses caused by cybercrime. QeM's CEO highlights the inadequacy of traditional cybersecurity methods against modern threats, while CSR5's President emphasizes their innovative approach to enhancing security capabilities. The partnership will be showcased at upcoming tech events in Toronto, offering attendees insights and a discounted subscription fee for the first year.
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Quantum eMotion Corp. receives a research grant from the Alliance Quantum grants program to develop quantum random number generator technologies for secure cryptography applications, in collaboration with École de technologie supérieure (ÉTS) and other partners.
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Quantum eMotion Corp. successfully completes a non-brokered private placement, raising $750,000 to finance its Quantum Random Number Generator technology. Strategic investors join to support cyber security efforts in high-profile sectors like Healthcare and Cloud-Based IT Security.
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Quantum eMotion Corp. partners with PINQ² to enhance security against quantum threats. The collaboration aims to test the Kyber algorithm and QRNG using IBM Quantum's Qiskit platform. The project focuses on evaluating the company's security system performance and resilience through advanced testing and analysis.
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FAQ

What is the current stock price of QUANTUM EMOTION (QNCCF)?

The current stock price of QUANTUM EMOTION (QNCCF) is $0.118 as of December 6, 2024.

What is the market cap of QUANTUM EMOTION (QNCCF)?

The market cap of QUANTUM EMOTION (QNCCF) is approximately 17.8M.

What is QUANTUM EMOTION CORP known for?

QUANTUM EMOTION CORP is known for pioneering classical and quantum cybersecurity solutions, focusing on cutting-edge post-quantum cryptography and cloud-based security solutions.

What is the significance of QeM's partnership with CSR5 GLOBAL Inc.?

The partnership between QeM and CSR5 GLOBAL Inc. marks a significant leap forward in cybersecurity, positioning QeM as the exclusive provider of cutting-edge security solutions to CSR5.

What technology does QeM specialize in?

QeM specializes in the development of innovative security solutions leveraging its patented Quantum Random Number Generator technology.

Which sectors does QeM focus on?

QeM focuses on sectors like financial services, healthcare, blockchain applications, secure device keying, and quantum cryptography.

What sets QUANTUM EMOTION CORP apart in the cybersecurity industry?

QUANTUM EMOTION CORP stands out in the cybersecurity industry due to its focus on quantum-based security solutions and its strategic partnerships with industry leaders.

QUANTUM EMOTION CORP

OTC:QNCCF

QNCCF Rankings

QNCCF Stock Data

17.76M
151.04M
4.25%
Semiconductors
Technology
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United States of America
Montreal