TORONTO, Oct. 29, 2019 /CNW/ - 01 Communique
Laboratory Inc. (the "Company") (ONE:TSX-V) is tackling the threat
of quantum computing by inviting computer science students,
cybersecurity companies and hackers to challenge its 'quantum-safe'
encryption in a $100,000 hackathon
beginning on November 6th, 2019.
Google's recent announcement of Quantum Supremacy means that the
threat quantum computers pose to current encryption is closer than
ever before. Canadian Company 01 Communique claims its product
IronCAP is designed to stop attacks by quantum computers as well as
today's traditional computers. Andrew
Cheung, 01 Communique's CEO is so confident in IronCAP that
he is holding a hackathon challenge with a $100,000 prize.
Andrew Cheung enthusiastically
describes the hackathon challenge, "We are putting our money where
our mouth is. We know how strong IronCAP's encryption is and we are
willing to bet $100,000 on it. Top
student hackers and cybersecurity companies will be attempting our
challenge. We say, bring it on!"
The Company expects competitors from around the world to
challenge its quantum-safe encryption. Beginning on Thursday, Nov. 6th at 7pm, competitors will be given 30 days to crack
IronCAP's code. A cash prize of $100,000 will be awarded to the first person if
anyone is able to break the encryption.
An Innovation Celebration Event will be held in the afternoon of
November 6th where information about
the hackathon challenge will be revealed! Innovative people working
in tech along with hackers, researchers, computer scientists and
students are encouraged to attend the event. Register for the event
online at https://tiny.cc/nov6ironcap.
About 01 Communique
01 Communique Laboratory Inc. (TSX-V:ONE) is focused on
cybersecurity with its IronCAP patent-pending cryptographic system
designed to protect users and enterprises against the ever-evolving
illegitimate and malicious means of gaining access to their data
today and in the future with the introduction of powerful quantum
computers. Based on improved code-based encryption it is designed
to be faster and more secure than current standards. IronCAP
operates on conventional computer systems so users are protected
today while at the same time being secure enough to safeguard
against future attacks coming with the introduction of quantum
computers. Along with IronCAP the Company's legacy business
provides customers with a suite of secure remote access services
and products. These 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 on the Company visit www.01com.com or for more
information on IronCAP visit www.ironcap.ca.
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. 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.