14:04:02 EDT Thu 16 May 2024
Enter Symbol
or Name
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Quantum Emotion Corp
Symbol QNC
Shares Issued 135,502,838
Close 2024-01-10 C$ 0.065
Market Cap C$ 8,807,684
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Quantum Emotion forms Quantum eHealth subsidiary

2024-01-10 12:29 ET - News Release

Mr. Francis Bellido reports

QUANTUM EMOTION ANNOUNCES THE CREATION OF QUANTUM EHEALTH, A NEW SUBSIDIARY FOCUSED ON HEALTHCARE CYBERSECURITY APPLICATIONS

Quantum Emotion Corp. has formed Quantum eHealth Inc., a wholly owned subsidiary dedicated to the development and commercialization of health care applications for its cutting-edge cybersecurity platform.

In a strategic move to enhance value and focus on the burgeoning digital health care security market, Quantum Emotion has decided to spin off its digital health care cybersecurity activities into Quantum eHealth Inc. This new entity will be endowed with significant assets, including an exclusive licence for the application of Quantum Emotion's intellectual property in the health care sector. Quantum Emotion will continue to focus on the development and commercialization of the different iterations of its quantum random number generator (QRNG), such as hardware security module (HSM), microchip, including its cloud-based platform Sentry-Q for other markets, such as financial services, blockchain, military, IoT (Internet of Things) and others.

Francis Bellido, chief executive officer of Quantum Emotion, expressed his enthusiasm for this pivotal development, stating: "The establishment of Quantum eHealth Inc. is a strategic step that allows us to tap into alternative funding sources, distinct from public markets. This approach is also aimed at optimizing operational efficacy and maximizing shareholder value. While in the past 18 months, capital markets have been rough for small-cap technology companies, I expect that QeM will soon be recognized at a valuation that truly reflects its intrinsic value, based on its unique technology and the constant security threat posed by cyber criminality in health care."

Indeed, this announcement comes amid growing concerns about cybersecurity threats in the health care sector. Recent studies, including the insightful resource "Healthcare and Cybersecurity: Statistics, Facts, and Trends," found at SafetyDetectives, highlights the alarming rate of cyberattacks in this industry. With threats accounting for 70 per cent of all large-scale data security incidents, the need for robust cybersecurity solutions in health care has never been more urgent.

The health care 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 is poised to address these challenges by leveraging Quantum Emotion's advanced cybersecurity technologies. The subsidiary will focus on protecting sensitive medical data and ensuring uninterrupted health care 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 marks a significant milestone in the company's journey to safeguard the digital landscape of health care.

About Quantum Emotion Corp.

The company'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 company intends to target the highly valued financial services, blockchain applications, cloud-based IT (information technology) security infrastructure, classified government networks and communication systems, secure device keying (Internet of Things, automotive, consumer electronics), and quantum cryptography.

We seek Safe Harbor.

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