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Krown Technologies and Quantum eMotion Partner with Esposito Intellectual Enterprises to Broaden and Accelerate Commercialization of Quantum-Secure Wallets: Qastle and Excalibur
Newsfile· 2025-07-02 12:15
Core Insights - Krown Technologies and Quantum eMotion are advancing the development of two quantum-secure cryptocurrency wallets: Qastle Quantum Hot Wallet and Excalibur Quantum Cold Wallet, aimed at protecting digital assets from quantum computing threats [1][8] - The partnership with Esposito Intellectual Enterprises is enhancing the commercialization and visibility of these wallets across various sectors [5][6] Product Development - Excalibur Cold Wallet is designed to be a compact, thumb-drive-sized device that offers up to 98% reduction in monetary loss risk compared to traditional cold wallets, with ongoing efforts to optimize its design for large-scale production [3][8] - Qastle Hot Wallet is being developed for online transactions, utilizing QeM's Entropy-as-a-Service and post-quantum cryptographic solutions to safeguard against quantum attacks, with recent milestones including the integration of advanced algorithms [4][8] Strategic Partnership - The collaboration between Krown Technologies and Quantum eMotion, supported by Esposito Intellectual Enterprises, is focused on driving innovation and expanding the market reach of the quantum-secure wallets [5][7] - EIE's extensive network across various industries is expected to enhance the exposure and adoption of Qastle and Excalibur wallets [6][7] Market Outlook - Krown Technologies is finalizing the design of Qastle, with prototype testing planned for Q3 2025, while Excalibur's production is set to ramp up to meet global demand, with availability anticipated in early 2026 [8] - The wallets are positioned to address increasing concerns regarding quantum vulnerabilities in cryptocurrency, as highlighted by recent research indicating that quantum computers could potentially break traditional encryption more easily than previously thought [8]
Quantum eMotion Strengthens U.S. Expansion with Appointment of Helen Woo as Vice President of Business Development
Newsfile· 2025-04-25 12:07
Core Insights - Quantum eMotion Corp. has appointed Helen Woo as Vice President of Business Development to enhance its U.S. expansion efforts [1][3] - Helen Woo has a strong background in corporate development and has received multiple accolades for her leadership and civic engagement [2] - The company aims to leverage Woo's expertise to foster partnerships and drive innovation in quantum cybersecurity solutions [3] Company Strategy - Quantum eMotion is focused on addressing the increasing demand for affordable security solutions for connected devices through its patented Quantum Random Number Generator technology [5] - The company is targeting key sectors including Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security, and Quantum Cryptography [6] Market Position - Quantum eMotion's proprietary quantum random number generation technology is designed to protect digital systems from current and future threats, particularly those arising from quantum computing [4] - The establishment of Quantum eMotion America (QeMA) in Southern California positions the company strategically within a vibrant technology ecosystem and close to critical markets [3]