TORONTO, Feb. 11, 2019 /CNW/ - 01 Communique Laboratory Inc. (ONE:TSX-V) today announced the United States Patent and Trademark Office ("USPTO") has issued the Company a receipt for its Patent Application Nos. 16/268,098 for a Cryptographic System and Method.
"We have invented a unique cryptographic system that is not only safe from malicious attacks from Quantum Computers in the future but can also be implemented on today's classical computer systems to safeguard them from malicious attacks present in today`s environment," said Andrew Cheung, President and CEO for 01 Communique. "We have announced our new direction of Post-Quantum Cryptography in June 2018. This new patent application is a very important milestone towards that."
Our invention, as described in our patent application, relates generally to cryptographic systems and methods. More particularly, our invention relates to public key cryptographic systems and methods that can be used, for example, to build highly secure systems for data storage, access, encryption, decryption, digital signing, and digital signing verification. Our cryptographic system is expected to protect our customers against the ever-evolving illegitimate and malicious means of gaining access to their data. A video about this invention will be posted on our web site soon.
The Company has identified a number of vertical markets that we believe will benefit from product offerings under development by the Company using our Post-Quantum Cyber Security technology. These markets include the encryption of email and files, digital signature (for example: blockchain operators), remote access / VPN vendors, cloud storage vendors, credit card security vendors, password management and those requiring increased web site security.
The first product the Company plans to release incorporating our patent-pending cryptographic system is an email/file encryption system targeted at consumers as well as businesses of all sizes. It is under development and scheduled to be available in our third quarter this year (May to July).
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.
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 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. 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.
SOURCE 01 Communique Laboratory Inc.
For further information: INVESTOR CONTACT: Andrew Cheung, Chief Executive Officer, 01 Communique, (905) 795-2888 x206, [email protected]