17:02:36 EDT Mon 29 Apr 2024
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Quantum Emotion Corp
Symbol QNC
Shares Issued 150,502,838
Close 2024-03-27 C$ 0.135
Market Cap C$ 20,317,883
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Quantum Emotion receives $1.2M NSERC research grant

2024-03-28 13:15 ET - News Release

Mr. Francis Bellido reports

NSERC APPROVES $1.2M GROUNDBREAKING GRANT TO FURTHER DEVELOP QUANTUM EMOTION (QEM) TECHNOLOGY LED BY ETS AND QEM

Quantum Emotion Corp. has received a significant research grant awarded by the Alliance Quantum grants program, overseen by the Natural Sciences and Engineering Research Council of Canada (NSERC). This grant supports the project "Quantum random number generation for highly secure cryptography applications," a collaborative initiative led by Ecole de technologie superieure (ETS), in partnership with Quantum.

The project, under the leadership of Prof. Ghyslain Gagnon from ETS, along with co-grantee Prof. K. Zhang and contributors such as Prof. B. Reulet of Universite de Sherbrooke, is designed to pioneer in the development of quantum random number generator (QRNG) technologies. The focus of this initiative is on the creation of QRNG algorithms and hardware that are commercially scalable, aiming to enhance secure communication protocols, facilitate QRNG integration into Internet of Things (IoT) devices and strengthen security in decentralized finance (DeFi) ecosystems, including blockchain and cryptocurrency applications.

The collaboration between ETS and Quantum will target key technical challenges in the commercialization of QRNG technologies, particularly emphasizing the reduction of energy consumption while ensuring premier security features through quantum tunnelling-based encryption methods.

Prof. Gagnon, lead project, articulated, "This project aims at advancing knowledge in this field, with a strong focus on technology transfer with our partner QeM who will benefit from the innovations developed through this collaboration."

Francis Bellido, chief executive officer of Quantum, added: "This grant allows a significant advancement in quantum technologies and their cryptographic applications. By overcoming scientific and technical challenges and harnessing the unique properties of quantum physics for secure key generation, this project is expected to substantially enhance cybersecurity measures and facilitate the broader adoption of quantum technologies across multiple industries."

About Quantum Emotion Corp.

The company's mission is to address the growing demand for affordable hardware and software security for connected devices. Quantum has become a pioneering force in classical and quantum cybersecurity solutions thanks to its patented quantum random number generator, a security solution that exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced protection for high-value assets and critical systems.

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