ACCESS Newswire
01 Communique Provides Update on Business Developments and Fourth Quarter and Fiscal 2024 Results
ACCESS Newswire · 01 Communique Laboratory, Inc.
01 Communique Laboratory, Inc.
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01 Communique Laboratory Inc. (the "Company") (TSXV:ONE)(OTC PINK:OONEF), one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era, is pleased to report the Company's fourth quarter and fiscal 2024 results for the period ended October 31, 2024.

Andrew Cheung, CEO of the Company, commented, "Fiscal 2024 has been a transformative year for 01 Communique. We successfully completed several key development projects and recently secured a strategic financing that sets a strong foundation for 2025. Our recent virtual presentation highlighted our commitment to advancing Post Quantum Cryptography ("PQC") compliant quantum-safe technologies and expanding our product lineup targeting the end user. In 2025 we expect to see commercialization from our PQC technology, via key partnerships. With our robust roadmap and working capital, we are working to accelerate our growth and bring innovative solutions to the market."

Andrew Cheung further commented, "Recently there has been significant interest and advancement in quantum computing. While Google's "Willow" processor announcement has drawn significant attention to the power of quantum computers, heralding in the era of quantum superiority "Q-Day", we note that other large corporations, government institutions and university research departments are diligently working on their own quantum computing technologies. We believe it would be naive to not expect malevolent actors to turn this power toward cracking current encryption techniques and blockchains. As Q-Day looms, it is still vitally important to be reminded of the immediate threat of "harvest now, decrypt later", which underscores the importance of preparing for "Q-Day" in advance. We believe that 2025 is the year that corporations and governments need to start preparing for this event. Our IronCAP™ technology and products are ready to go, have been rigorously tested by industry leading corporations as well as successfully coming through two Company sponsored hackathons. We believe that IronCAP™ is up to the task of protecting your data from the power of quantum computers. We look forward to 2025."

Recent Operational Highlights:

  • On December 18, 2024 the Company held a virtual conference (01com.com/Videos/2024/Video-2024-12-18-Full.mp4) presenting its PQC roadmap and technologies. During the presentation Andrew Cheung explained the Company's focus on developing end user products that are PQC-compliant, summarized as follows:

    • In speaking about the importance of the Company's US patent number 11,669,833 Mr. Cheung noted that this technology has the ability to make any existing cryptocurrency safe against the power of quantum computers (PQC-compliant). Utilizing this patent the Company completed a PQC-compliant Solana ("SOL") L1 blockchain. The product is ready to go and the Company has expectations of commercialization in 2025 together with a partner possessing the necessary marketing capabilities in the cryptocurrency industry.

    • The Company is accelerating its development of a PQC-compliant Artificial Intelligence ("AI") platform. The Company's goal is for a demonstration of the product prior to the end of fiscal 2025.

    • Expanding on the Company's IronCAP X TM product to support cross-platform users of Windows, Mac, iOS, and Android. The Company believes this to be the world's first end-to-end email/file encryption and digital signing system that is PQC-compliant.

    • The Company has committed to develop the world's first PQC-compliant true end-to-end mobile messaging platform without a master key or backdoor. The end result would be a completely secure product as no one will have unauthorized access.

  • As announced on January 7, 2025 the Company completed a strategic financing raising $920,000 with several strategic investors led by Antanas Guoga (Tony G). The financing consisted of 4,000,000 units ("Units") at $0.23 per Unit. Each Unit consists of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant") with each Warrant entitling the holder to acquire one Common Share at a price of $0.75 per Common Share at any time on or before January 7, 2028. Tony G along with the other investors voluntarily agreed to a contractual hold for twelve months which hold will expire on January 7, 2026.

  • As announced on January 21, 2025 (www.01com.com/pdf/2025/Partnership-Real-Matter.pdf) the Company entered into a partnership agreement with Real Matter Technology Company ("Real Matter"), a fintech-semiconductor research company headquartered in Hong Kong. Under the terms of the agreement, Real Matter plans to integrate the Company's IronCAP™ PQC technology into its product line aiming at marketing and selling a true PQC solution to key sectors such as banks and Virtual Asset Service Providers (VASPs) through initiatives including roadshows, HK Science Park seminars, and HKMA Sandbox Proof-of-Concept demonstrations.

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