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.
About ixFintech
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.
