Quantum
Numbers Corp to
Commercialize
its First
QRNG
Product
to
Address
Cybersecurity
Threats
in
the Datacenters,
Blockchain
and Bitcoin industries.
MONTREAL, Canada -- February
23, 2021
-- InvestorsHub NewsWire -- Quantum Numbers Corp.
("QNC" or the "Corporation") (TSX-V:
QNC; OTCMKTS:
QNCCF;
F: 34Q) is pleased to
announce its
intention to
commercialize its
first QRNG Product to
Address Cybersecurity Threats in the Datacenters, Blockchain and Bitcoin
industries.
COVID-19 pandemic has exacerbated the need
for better Cybersecurity as a surge of incidences and cases of
Cybercrime have
been observed across industries.
Cybersecurity now dominates
the strategic
priorities of every
organization and
the global cybersecurity
market is predicted to grow from $167.1B in 2019 to $248.26B by
2023, attaining a 10.4% CAGR, according to
Statista.
Cybersecurity is intrinsically part of the value propositions offered by Datacenters, Blockchain and Bitcoin
industries, which
forces them to make extremely high usage of cryptography.
Data
centers are the back-up and recovery point for the critical and
valuable data of any
organization, and any
security vulnerability could lead to catastrophic
consequences.
The
nascent Blockchain and Cryptocurrencies industries, based on the deployment of distributed ledgers, also stands to be among the first to benefit
from genuine quantum innovation as they rely on digitally signed transactions validated by cryptographic addresses that must ensure inviolability. These functions require
very strong random number generation, which means high and
immediately available entropy to avoid delays in transaction
processing.
Bertrand Reulet, Founder and CTO of QNC said: "Our patent-protected Quantum Random Number
Generators (QRNG) provide "true" randomness on the grounds that their
randomness is due to inherently non-deterministic quantum
phenomena which
means data
becomes 'unhackable'."
Francis Bellido, CEO of QNC
stated:
"Our recent product management
development points to a fast track go-to-market (GTM) strategy. In reviewing our product
design and capabilities with a new vision, we are pivoting to a
commercially viable product ahead of the originally planned CMOS
implementation. This is groundbreaking and welcomed news for our investors as we
move ahead of the planned GTM by a full year. In fact, our
patent-protected Quantum Random Number Generators (QRNG) technology
is perfect to address the cryptographic needs of the Blockchain and
Bitcoins revolution. Unlike other competitive technologies that
depend on photonics physical properties, our QRNG is based on the
quantum tunneling phenomenon created by electrons and show
distinctive advantages in term of robustness, speed, scalability, and cost. In terms of
device components, we are testing alternatives to CMOS chips that
are widely available and adopted by our target markets. With
successful test plans, I expect our first product to be available
for commercialization by Q2 2021".
About QNC
The
Corporation's mission is to address the growing demand for
affordable hardware security for connected devices. The patented
solution for a Quantum Random Number Generator exploits the
built-in unpredictability of quantum mechanics and promises to
provide enhanced security for protecting high value assets and
critical systems.
The
Corporation intends to target the highly valued Healthcare Services
industry while ensuring its technology is also relevant and
applicable to others, such as Financial Services, Cloud-Based IT
Security Infrastructure, Classified Government Networks and
Communication Systems, Secure Device Keying (IOT, Automotive,
Consumer Electronics) and Quantum Cryptography.
For further information, please
contact:
Francis Bellido, Chief Executive
Officer
Tel
: 514.887.5469
Email:
info@quantumnumberscorp.com
Website:
www.quantumnumberscorp.com
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This
press release may contain forward-looking statements that are
subject to known and unknown risks and uncertainties that could
cause actual results to vary materially from targeted results. Such
risks and uncertainties include those described in the
Corporation's periodic reports including the annual report or in
the filings made by Quantum from time to time with securities
regulatory authorities.