The net proceeds from the private placement will be used by Quantum to finance and accelerate development of its patented Quantum Random Number Generator technology. The Corporation intends to target high profile verticals such as Healthcare Services and is also well suited to meet the demands for Cloud-Based IT Security Infrastructure, Classified Government Networks And Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics), Quantum Cryptography and Financial Services.
The Insiders’ participation for
As a result of the closing of the private placement, there are 100,527,838 common shares of the Corporation issued and outstanding.
The private placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the
“We are very pleased with the results of this latest round. This level of capital investment will allow QNC to recruit a new leadership team and execute on both the development of its patented technology and its strategic market positioning plan. The Board of Directors is grateful that both existing and new investors participated. This is undoubtedly a great testimonial to QNC’s vision and potential for growth as a leader in quantum technologies,” said
About Quantum
The Corporation's mission is to address the growing demand for affordable hardware security for connected devices. The patented solution for a Quantum Random Number Generator exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced security for protecting high value assets and critical systems.
The Corporation intends to target high profile verticals such as Healthcare Services and the technology is also applicable to Financial Services, Cloud-Based IT Security Infrastructure, Classified Government Networks and Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics) and Quantum Cryptography.
For further information, please contact:
Tel : 514.886.0045
Email: info@quantumnumberscorp.com
Website: www.quantumnumberscorp.com
Neither
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Corporation's periodic reports including the annual report or in the filings made by Quantum from time to time with securities regulatory authorities.
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