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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.
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.
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.
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.
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.
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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