IronCAP X™

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01 Quantum Reports Third Quarter 2025 Results and Provides an Update on Business Developments
Newsfile· 2025-09-18 12:00
Core Insights - 01 Quantum Inc. has reported its third quarter fiscal 2025 results, highlighting significant advancements in its business and a focus on quantum-safe cybersecurity solutions [1][2] - The company anticipates revenue growth in Q4 2025, driven by commercial applications of its IronCAP™ technology and strategic partnerships [3][8] Business Developments - The rebranding to 01 Quantum Inc. was overwhelmingly approved by shareholders, reflecting the company's commitment to quantum-resilient cybersecurity [4] - A strategic alliance with qLABS was established to develop quantum-safe tokens, with the company receiving development fees and a share of token sale proceeds [5][6] - The company is co-developing a post-quantum cryptography (PQC) zero-trust remote access solution with a major Japanese systems integrator, expecting revenue recognition in Q4 2025 [9] - A partnership with Turnium Technology Group Inc. aims to commercialize IronCAP X™, enhancing the reach of quantum-safe cybersecurity solutions [10] Financial Performance - For Q3 2025, the company reported revenue of $143,957, an increase from $126,103 in Q3 2024, primarily from legacy remote access services [21] - The net loss for Q3 2025 was $351,411, compared to a loss of $40,173 in Q3 2024, with increased expenses attributed to product development and marketing efforts [14][21] - Cash operating expenses for Q3 2025 were $407,292, significantly higher than $119,335 in Q3 2024, reflecting investments in growth initiatives [14][21] Market Context - The global cryptocurrency market is valued at $3.8 trillion, presenting a substantial opportunity for quantum-safe solutions as the industry faces vulnerabilities from quantum computing advancements [8][6]
01 Communique Announces Proposed Name Change to 01 Quantum Inc.
Newsfile· 2025-07-16 12:00
Core Viewpoint - 01 Communique Laboratory Inc. is proposing to change its name to 01 Quantum Inc. to better reflect its focus on enterprise-grade cybersecurity solutions for the quantum computing era [1][2][3] Company Summary - The name change has been unanimously approved by the board of directors and will be presented to shareholders for approval on September 17, 2025 [2] - The company will continue to trade under the ticker symbol ONE on the TSX Venture Exchange and OONEF on the OTCQB market [2] - The company has developed patented quantum-safe cryptography and is at an inflection point with its products now commercially ready [3] - The IronCAP™ platform is designed to protect data against emerging threats from quantum computing [3] Industry Summary - The global Post-Quantum Cryptography (PQC) market is projected to grow from USD 1.22 billion in 2024 to approximately USD 29.95 billion by 2034, with a compound annual growth rate of 37.72% from 2025 to 2034 [5] - The market growth is driven by increased R&D in quantum computing and rising concerns about data security [5] - Regulatory momentum is building, with agencies like NIST finalizing quantum-resistant standards and governments enacting legislation to mandate PQC adoption [6] - 01 Quantum is positioned to capitalize on this growth with its IronCAP™ and IronCAP X™ platforms already deployed in various security solutions [6]