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Montreal, Quebec–(Newsfile Corp. – January 10, 2024) – Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (“QeM” or the “Company”), a pioneer in classical and quantum cybersecurity solutions, is proud to announce the creation of Quantum eHealth Inc. , a wholly-owned subsidiary committed to commercializing healthcare programs for its industry-leading cybersecurity platform.
As part of a strategic move to increase the price and focus on the burgeoning virtual healthcare security market, QeM has to spin off its virtual healthcare cybersecurity business into Quantum eHealth Inc. This new entity will be endowed with significant assets, adding an exclusive license for the application of QeM’s intellectual assets in the healthcare sector. QeM will continue to concentrate on the progression and commercialization of the various iterations of its Quantum Random Number Generator (QRNG), such as the Hardware Security Module (HSM), the microchip, adding its Sentry-Q cloud platform for other markets such as money services, blockchain, military, IoT, and others.
Francis Bellido, CEO of QeM, expressed his enthusiasm for this important development, stating: “The creation of Quantum eHealth Inc. is a strategic step that allows us to leverage select financing resources, separate from public procurement. Optimize operational power and maximize shareholder value. While the last 18 months have been challenging in the capital markets for small cap generation companies, I expect that QeM will soon be identified with a valuation that indeed reflects its intrinsic value, based on its exclusive generation. continued security risk posed by cybercrime in the healthcare sector.
In fact, this announcement comes against a backdrop of growing considerations about cybersecurity threats in the healthcare sector. Recent studies, which add the applicable resource “Healthcare and Cybersafety: Statistics, Facts, and Trends” discovered in SafetyDetectives (https://www. safetydetectives . com/blog/healthcare-cybersafety-statistics/), highlight the alarming rate of cyberattacks in this industry. With threats accounting for 70% of all large-scale data security incidents, the need for physically powerful cybersecurity responses in healthcare has never been greater. more urgent.
The healthcare industry faces unique challenges due to the sensitive nature of patient data. High-profile breaches, such as those experienced by iSofH in Vietnam and Anthem Blue Cross, underscore the critical need for advanced security measures. The financial, reputational, and personal impacts of these attacks are substantial, with an average cost of $10.10 million per incident.
Quantum eHealth Inc. is poised to address these challenges by leveraging QeM’s advanced cybersecurity technologies. The subsidiary will focus on protecting sensitive medical data and ensuring uninterrupted healthcare services, in an industry where the stakes are exceptionally high.
Quantum eMotion is committed to delivering unparalleled cybersecurity solutions, and the creation of Quantum eHealth Inc. It marks a vital milestone in our journey into the virtual healthcare landscape.
About QeM
The company’s project is to meet the growing demand for 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 offer greater security for the coverage of high-value and critical assets. Systems.
The company aims to target highly-rated financial services, healthcare, blockchain applications, cloud-based IT security infrastructure, government networks and classified communications systems, secure device keys (IOT, automotive, client electronics), and quantum cryptography.
For information, please contact:
Francis Bellido, President & CEO Tel. : 514. 956. 2525 Email: info@quantumemotion. com Website: www. quantumemotion. com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is found in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/193779