TORONTO, Aug. 13, 2019 /CNW/ - 01 Communique Laboratory
Inc. (TSXV: ONE) (the "Company") has reached a major milestone with
the launch of the IronCAP Application Program Interface ("API").
IronCAP's patent-pending cryptographic system provides users with
an increased level of security protecting them not only today, but
also in the future as powerful quantum computers become available.
The IronCAP API can be used by vendors, for example, to build
highly secure "post-quantum" systems for blockchain, 5G/IoT, data
storage, remote access/VPN, encryption, digital signing etc. using
the standard PKCS#11 and OpenPGP formats. It is available today.
Visit the Company's web site at www.ironcap.ca for details.
Coming shortly IronCAP's "quantum safe" claims will be tested
with a public Hackathon. Participants from around the globe
will be welcome to challenge IronCAP's cryptography in exchange for
a monetary prize. To give participants as much flexibility as
possible they will be allowed the use of any tool of their choice
including the classical computers of today as well as the new breed
of quantum computers. Stay tuned as the IronCAP Hackathon is
planned for the Company's fourth quarter which ends October 31st with full details
including prize money amount to be released before it starts.
Cyber-attacks have skyrocketed over the past decade.
According to the 2018 report by the Standing Senate Committee on
Banking, Trade and Commerce, in 2017 there were over 10 million
Canadians, whose personal information was compromised through
targeted cyber-attacks and cyber operations directed against
businesses that hold Canadians' private information. Globally,
there were 978 million victims of cybercrime across 20 countries,
with China, US, UK, Canada and Australia leading the
pack.
"We built IronCAP API and related products due to the rise of
cyber-attacks and the coming threat of quantum computers.
Cyber-attacks by bad actors and nation states are commonplace
headline news today," said Andrew
Cheung, President and CEO of 01 Communique. "With the coming
introduction of powerful quantum computers and their potential to
crack standard encryption methods in place today it is only a
matter of time before they create havoc in the cyber world. It is
estimated that a super computer of today would take over 100 CPU
years to crack current standard encryption methods while it is
estimated a powerful quantum computer can complete this task in a
matter of minutes."
About IronCAP API
IronCAP at the forefront of the
cyber security market is designed to protect our customers from the
threat of cyber-attacks. IronCAP's patent-pending cryptographic
system is designed to protect users and enterprises against
ever-evolving illegitimate and malicious means of gaining access to
their data today as well as against powerful quantum computers.
Based on improved 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. The IronCAP API 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 in the future from quantum computers.
The IronCAP API can be used by vendors, for example, to build
highly secure systems for data storage, remote access, encryption,
digital signing, etc. To ensure seamless integration, our IronCAP
API is compliant with the PKCS#11 and OpenPGP (RFC4880) industry
standards.
For more information on how the system works, visit
www.ironcap.ca. To arrange a trial or have your questions answered,
contact us 1-800-668-1285.
About 01 Communique
Established in 1992, 01 Communique Laboratory Inc. (TSX-V: ONE)
has always been at the forefront of technology. The Company's
legacy business provides its customers with a suite of secure
remote access services and products. In early 2018 the Company
began transitioning its business focusing on cybersecurity with the
development and implementation of Post-Quantum Cryptography and
Post-Quantum Blockchain technologies, which can be implemented on
classical computer systems as we know them today while at the same
time intended to be secure enough to safeguard against potential
Quantum Computer attacks. The Company's legacy products 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.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", "plan", "intend",
"are confident" and other similar terminology. Such statements
include statements regarding the timing of the release of IronCAP
X, the use of proceeds of the offering, and the functionality of
the Company's products. 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 results discussed in the
forward-looking statements, including, but not limited to, 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.
Neither TSX Venture Exchange ("TSX-V") 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.
SOURCE 01 Communique Laboratory Inc.