Quantum
Numbers Corp Announces
Third Party
Valuation of its QRNG Technology
Indicating
an
Upper
Prediction Value of $3.435 Billion USD.
MONTREAL,
April 29, 2021 -- InvestorsHub
NewsWire -- Quantum Numbers Corp. ("QNC" or the "Corporation")
(TSX-V: QNC; OTCMKTS: QNCCF; F: 34Q) announced today it received
a
third-party
valuation
of
the
intellectual
property that has been
developed
around its
Quantum
Random
Number
Generator
(QRNG) technology.
QNC
has
developed the next generation of
cryptographic QRNG solutions that is
based
on electron
quantum tunneling, a purely quantum effect that
guarantees complete randomness. It also has the capacity to deliver
>1 Gigabits per second ("Gbps") of full-entropy random numbers
and is versatile enough to be embedded in
a
portable
USB-type key or
a microprocessor
chip. QNC has several core patents that
have been registered in the Canada, USA and internationally.
With the arrival of its new
CEO, QNC thought relevant to
commission a
valuation analysis of its technology portfolio by
an independent, third
party specialized research firm, Inside Quantum Technology
(IQT). IQT firm performed an
analysis of the
uses of the technology, the sales it could
achieve in its targeted end-markets and expected margins if
QNC
can complete
its development plan
successfully and
the market adopts the QNC's technology.
Using the Monte Carlo
valuation
calculation
and based on
technical information provided to it by the Company,
IQT has estimated that
QNC
technology
portfolio could
be worth as much as approximately
$2,5 billion USD as a mean value.
This worth is
derived from a range of values; the median prediction
being
$2,504 million USD, while the
upper
95%
prediction and lower 95%
prediction
were
reported at $3,435 million
USD
and $1,580
million
USD,
respectively.
Francis Bellido,
CEO, comments, "The Monte Carlo
simulation
technique is a
powerful
computerized valuation method that
combines quantitative analysis
and decision making
to
account for the
uncertainty and complexity
inherent in the
valuation process. For QNC it is a great tool to assess
the possible outcomes in
modelling the intrinsic valuation of
its technology. We are obviously very pleased
with the results of the valuation
analysis provided by IQT
and it
confirms the tremendous
economic
potential
of our
QRNG technology
in addressing cybersecurity needs in several significant markets such
as Medical
Devices, Datacenters, Blockchain
technologies, Financial Services, Cloud-Based IT Security
Infrastructure, Gaming and Military".
IQT
is
American
business
research firm and the first one to be entirely dedicated to
meeting the strategic information and analysis needs of the
emerging quantum technology sector. The company
provides
published reports on most of the important revenue opportunities in
quantum technology including quantum computer markets and software,
quantum key encryption, post-quantum encryption, quantum sensors,
and on important verticals such as the military, the financial
sector, big pharma, etc.
It is important
to note that a third-party valuation is not an indication of
interest by any party, nor does it represent an actual offer to
purchase the intellectual property. As indicated in the report, the
QRNG Technology is still under development, and no assurances can
be given that such development will be successfully completed, that
the technology will be brought to commercial realization or that
the Company's target markets will adopt this technology.
The fair market
value estimate in the appraisal report does not necessarily reflect
the actual price that QNC could realize from a true sale of its
technology in a real market. Rather, the valuation reflects the
notional value of the technology in an assumed market.
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.
