01 Communique Laboratory : Provides Quarterly Update on Business Developments and Second Quarter Fiscal 2021 Results
June 11, 2021 at 10:41 am
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TORONTO - 01 Communique Laboratory Inc. (the 'Company') (TSX-V: ONE; OTCQB: OONEF) one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era is pleased to report that the Company moved closer to profitability with increasing revenue and reducing the loss for the second quarter 2021. Andrew Cheung, CEO of 01 Communique, stated, 'I am pleased to announce we exceeded our expectations this quarter. The rising number of corporate users of our Remote Access technology have resulted in substantial revenue growth enabling us to increase our investment in our sales and marketing activities for IronCAP. I am confident we will continue with this positive momentum in both revenue and earnings.'
About 01 Communique
Established in 1992, 01 Communique (TSX-V: ONE; OTCQB: OONEF) has always been at the forefront of technology. The Company's cyber security business unit focuses on post-quantum cybersecurity with the development of its IronCAP technology. IronCAP's patent-pending cryptographic system is an advanced Goppa code-based post-quantum cryptographic technology that can be implemented on classical computer systems as we know them today while at the same time can also safeguard against attacks in the future postquantum world of computing. The Company's remote access business unit provides its customers with a suite of secure remote access services and products under its I'm InTouch and I'm OnCall product offerings. The remote access offerings 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.ironcap.ca and 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. Such statements include statements regarding the commercial success of IronCAP X, the future of quantum computers and their impact on the Company's product offering, the functionality of the Company's products and the intended product lines for the Company's technology and the potential licensing of the Company's technology. 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.
01 Communique Laboratory Inc. is a Canada-based technology company. The Company operates two business units. Its primary focus is cyber security business unit focusing on Post-Quantum Cryptography (PQC). PQC is designed to operate on classical computer systems, while at the same time secure enough to safeguard against cyber-attacks from quantum computers. IronCAP X is a quantum-safe end-to-end email encryption solution, which is designed for ultimate email privacy as well as ensuring senders' authenticity to eliminate phishing. The Company provides IronCAP cryptographic engine to businesses of all sizes, allowing them to easily transform their systems to withstand threats from Quantum Computers. The Company also provides vertical solutions that utilize its own IronCAP cryptographic engine to ensure quantum safety. Its remote access business unit provides its customers with a suite of secure remote access services and products under its Iâm InTouch and Iâm OnCall product offerings.