TORONTO, ON / ACCESSWIRE / February 22, 2021 / 01 Communique Laboratory Inc. (TSX-V: ONE; OTCQB: OONEF) (the "Company") one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era, is pleased to announce that the Bounty Contest is opened today until March 22nd, 2021 (EST). The winner of the Bounty Contest will receive a grand prize of CAD100,000 in cash.
Andrew Cheung, President and CEO of 01 Communique, commented, "The game is on! I am thrilled to see the high level of interest received since registration began on 8 Feb. I would like to thank PwC China's tremendous support in sponsoring the Bounty Contest. This is a great opportunity to openly invite world-wide experts to examine the resilience of the IronCAP™ unique quantum-safe cryptographic technology and to have some fun!".
Contest Details
The Bounty Contest is available online globally with contestants requiring a Google, Facebook or WeChat account. Beginning February 22nd at 12am EST, all successfully registered contestants will have a maximum of 30 days to explore IronCAP™ encryption. A cash prize of CAD$100,000 will be awarded to the first person that is able to break the encryption. The result will be announced on or about Monday, March 23rd where the outcome of the Bounty Contest will be revealed. This Bounty Contest is an ideal platform for participants who are innovators, researchers, scientists, domain experts, academics to test the IronCAP™ technology.
The Bounty Contest remains open to anyone interested at https://www.ironcap.ca/ironcap-bountycontest/.
The concern over cyber security is rapidly becoming a major global issue as the race for quantum supremacy grows. Quantum computers will likely crack traditional encryption earlier than expected. IronCAP™ is the best-in-class post-quantum encryption solution currently available commercially and is ready to be deployed to existing system infrastructure. Visit www.ironcap.ca to learn why or contact Andrew at [email protected].
About IronCAP™ and IronCAP X™:
IronCAP™ is at the forefront of the cyber security market and is designed to protect our customers from cyber-attacks. IronCAP's patent-pending cryptographic system is designed to protect users and enterprises against the ever-evolving illegitimate and malicious means of gaining access to their data today as well as in the future with the introduction of powerful quantum computers. Based on improved Goppa code-based encryption it is designed to be faster and more secure than current standards. It operates on conventional computer systems, so users are protected today while being secure enough to safeguard against future attacks from the world of quantum computers. An IronCAP™ API is available which allows vendors of a wide variety of vertical applications to easily transform their products to ensure their customers are safe from cyber-attacks today and from quantum computers in the future.
IronCAP X™, a cybersecurity product for email/file encryption, incorporating our patent-pending technology for commercial. The new product has two major differentiations from what is in the market today. Firstly, many offerings in today's market store users secured emails on email-servers for recipients to read, making email-servers a central target of cyber-attack. IronCAP X™, on the other hand, delivers each encrypted message end-to-end to the recipients such that only the intended recipients can decrypt and read the message. Consumers' individual messages are protected, eliminating the hackers' incentive to attack email servers of email providers. Secondly, powered by our patent-pending IronCAP™ technology, we believe IronCAP X™ is the world's first quantum-safe end-to-end email encryption system; secured against cyberattacks from today's systems and from quantum computers in the future. Consumers and businesses using IronCAP X™ will be protected by tomorrow's cybersecurity today.
About 01 Communique
Established in 1992, 01 Communique (TSX-V: ONE; OTCQB: OONEF) has always been at the forefront of technology. The Company's cyber security business unit focuses on post-quantum cybersecurity with the development of its IronCAP™ technology. IronCAP's patent-pending cryptographic system is an advanced Goppa code-based post-quantum cryptographic technology that can be implemented on classical computer systems as we know them today while at the same time can also safeguard against attacks in the future post-quantum world of computing. The Company's remote access business unit provides its customers with a suite of secure remote access services and products under its I'm InTouch and I'm OnCall product offerings. The remote access offerings 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, visit the Company's web site at www.ironcap.ca and www.01com.com.
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", "anticipate", "plan", "intend", "are confident" and other similar terminology. Such statements include statements regarding the business prospects of IronCAP™ and IronCAP X™, the future of quantum computers and their impact on the Company's product offering, the functionality of the Company's products and the intended product lines for the Company's technology. 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 matters discussed in the forward-looking statements, including, but not limited to, a delay in the anticipated adoption of quantum computers and a corresponding delay in Q day, the ability for the Company to generate sales, and gain adoption of, IronCAP™ and IronCAP X™, the ability of the Company to raise financing to pursue its business plan, competing products that provide a superior product, competitors with greater resources and 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.
INVESTOR CONTACT:
Brian Stringer
Chief Financial Officer
01 Communique
(905) 795-2888 x204
[email protected]
SOURCE: 01 Communique Laboratory, Inc.