MONTREAL, February 23, 2021 (GLOBE NEWSWIRE) – Quantum Numbers Corp. (“Quantum” or the “Corporation”) (TSX-V: QNC; OTCMKTS: QNCCF; F: 34Q) Announces Intent To Commercialize The First QRNG Product To Address Cyber Security Threats In The Data Center, Blockchain And Bitcoin Industries deals.
The COVID-19 pandemic has exacerbated the need for better cybersecurity as an increase in incidents and cases of cybercrime has been observed across industries. Cybersecurity now dominates any company’s strategic priorities and the global cybersecurity market is projected to grow from $ 167.1 billion in 2019 to $ 248.26 billion in 2023, reaching a CAGR of 10.4%, according to Statista.
Cybersecurity is an integral part of the value propositions that the data center, blockchain and bitcoin industries offer, forcing them to make extremely heavy use of cryptography.
Data centers are the backup and recovery point for a company’s critical and valuable data, and any security breach can be catastrophic.
The emerging blockchain and cryptocurrency industry, based on the provision of distributed ledgers, is also among the first to benefit from real quantum innovations, as they are based on digitally signed transactions that are validated by cryptographic addresses and must ensure inviolability. These functions require very strong random number generation, which means high and immediately available entropy in order to avoid delays in transaction processing.
Mr. Bertrand Reulet, Founder and Chief Technology Officer of Quantum, said, “Our patented Quantum Random Number Generators (QRNG) provide ‘true’ randomness as their randomness is based on inherently non-deterministic quantum phenomena, which means data is ‘not hackable’. “
Francis Bellido, Chief Executive Officer of Quantum stated, “Our recent evolution in product management suggests a rapid time-to-market (GTM) strategy. When reviewing our product design and capabilities with a new vision, we focus on having a commercially viable product ahead of the one originally planned CMOS implementation. This is groundbreaking and good news for our investors as we are a full year ahead of the planned GTM. In fact, our patented QRNG (Quantum Random Number Generators) technology is perfect to meet the cryptographic requirements of the blockchain and In contrast to other competitive technologies that depend on the physical properties of photonics, our QRNG is based on the electron-generated quantum tunnel phenomenon and shows clear advantages in terms of robustness, speed, scalability and cos th. In terms of device components, we are testing alternatives to CMOS chips that are widely used and adopted by our target markets. With success I assume that our first product will be available for marketing by the 2nd quarter of 2021. “
The company’s mission is to meet the growing demand for affordable hardware security for connected devices. The patented solution for a quantum random number generator uses the built-in unpredictability of quantum mechanics and promises improved security for the protection of valuable assets and critical systems.
The company intends to target the highly respected healthcare services industry while ensuring that its technology is relevant and applicable to others, such as: B. Financial services, cloud-based IT security infrastructure, classified government networks and communication systems, secure device encryption (IOT, automotive industry, consumer electronics) and quantum cryptography.
For more information please contact:
Francis Bellido, Chairman of the Board
Tel .: 514.887.5469
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This press release may contain forward-looking statements that involve known and unknown risks and uncertainties that could cause actual results to differ materially from the intended results. These risks and uncertainties include those described in the company’s periodic reports, including its annual report, or in Quantum’s filings with securities regulators from time to time.