TORONTO, Nov. 19, 2019 /CNW/ - 01 Communique Laboratory Inc. (the "Company") (ONE:TSX-V) today announced that it has entered into a Memorandum of Understanding (MOU) with ixFintech Limited ("ixFintech") to work towards ixFintech adopting IronCAP as their quantum computing security solution and in longer term, exploring possible areas of cooperation for development of future technology solutions aimed at ixFintech's new business initiatives.
"We look forward to penetrating the Asian market with our new partner, ixFintech. Working together with ixFintech, we believe our quantum-safe IronCAP product will be widely adopted not only by ixFintech but also other companies throughout Asia. We also look forward to the opportunity of collaborating with ixFintech and developing other technical solutions for their future business initiatives," said Andrew Cheung, President and CEO of 01 Communique.
"As technology continues to advance especially in the digital assets arena (or in the fintech arena), so does the pace of new cybersecurity risks. 01 Communique provides a unique product to protect today's businesses against post-quantum cyberattacks. Adoption of IronCAP will no doubt strengthen our system infrastructure, safeguard our operation, data and processes. We are excited about the potential this partnership brings as we begin to explore new technology solutions for our new business initiatives," said Irene Wong, CEO of ixFintech.
The MOU will see ixFintech and 01 Communique working together on cybersecurity offerings and new business development as well as marketing initiatives throughout Asia.
ixFintech Limited is a Fintech company established in June 2015. It aims to improve the client engagement process of derivatives products by promoting financial literacy and new option information platform. As a key participant of the Cyberport Hong Kong, ixFintech launched the award winning ixOption App in August 2018, building on its success, launched the ixCrypto Index in 2019 with growing subscription. For more information on the Company, visit: https://www.ixfintech.com
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.
For further information: INVESTOR CONTACT: Andrew Cheung, Chief Executive Officer, 01 Communique, (905) 795-2888 x206, [email protected]