22:33:26 EDT Tue 12 May 2026
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Quantum Secure Encryption Corp
Symbol QSE
Shares Issued 67,786,112
Close 2026-05-12 C$ 0.35
Market Cap C$ 23,725,139
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Quantum Secure talks postquantum security push

2026-05-12 18:01 ET - News Release

Mr. Ted Carefoot reports

QUANTUM SECURE ENCRYPTION PROVIDES CORPORATE UPDATE AS COMPANY SCALES COMMERCIAL DEPLOYMENT

Quantum Secure Encryption Corp. has provided a corporate update as the company scales commercial deployment of its fully built postquantum cybersecurity platform.

The cybersecurity market is entering one of the most significant technology transitions in decades. As quantum computing advances, governments, regulators and large enterprises are no longer treating postquantum security as a future consideration. They are beginning to demand concrete action, including cryptographic inventories, preparedness assessments, migration road maps and the implementation of quantum-resilient security controls. For organizations responsible for government systems, financial data, health care records, critical infrastructure and other long-lived sensitive information, the need to act is becoming increasingly urgent.

Quantum Secure is addressing this accelerating market need with a fully built, commercially available platform designed to help organizations move from awareness to action. The company's solutions enable customers to assess quantum-related exposure, prioritize remediation and deploy quantum-resilient protection without requiring a disruptive replacement of existing infrastructure.

Following a period of product development, platform integration, certification milestones and strategic partner expansion, Quantum Secure has entered a commercial scaling phase. The company is generating revenue, currently serves 262 customer accounts, and is experiencing growing pipeline activity across enterprise, government and regulated-industry channels.

"QSE is now operating from a position of commercial strength," said Ted Carefoot, chief executive officer of Quantum Secure. "Our product suite is fully built, our technology is in market and our focus has shifted decisively toward scaling revenue, expanding customer relationships and converting a growing pipeline of enterprise and government opportunities. We believe the combination of regulatory urgency, market readiness and QSE's differentiated platform creates a significant growth opportunity for the company in 2026 and beyond."

Quantum Secure's platform is built around three core functions:

Assess:  Quantum Secure helps organizations understand where their data and encryption may be vulnerable to future quantum threats.

Protect:  Quantum Secure helps secure sensitive data using quantum-resilient encryption, secure storage and deployment tools that can work with existing systems.

Control access:  Quantum Secure helps organizations protect who can access sensitive systems and data through quantum-secure login and identity tools.

Together, these solutions support customers across the full postquantum security life cycle -- from initial assessment and planning to deployment, identity protection, secure storage, and continuing security infrastructure.

Quantum Secure's commercial model is generating recurring SaaS (software-as-a-service) revenue while continuing to scale enterprise deployments, usage-based entropy and secure storage services, and on-premises hardware deployments for customers requiring greater data autonomy and internal key control. This multistream model is designed to support scalable growth as the company expands across enterprise, government and regulated-industry markets.

Quantum Secure is also advancing a partner-led expansion strategy through value-added distributors, resellers, system integrators and regional partners with access to enterprise, government and regulated-industry customers. Management believes this model can accelerate market penetration, expand geographic reach and support the conversion of pipeline opportunities into long-term customer relationships.

"Postquantum cybersecurity is quickly becoming a board-level, compliance-level and national-security priority," added Mr. Carefoot. "With a solid client-base and revenue generation established, a fully built platform in market and a growing pipeline of enterprise and government opportunities, QSE is now focused on scaling aggressively across the sectors where quantum-resilient security is becoming mission-critical."

Management believes the convergence of regulatory pressure, cryptographic migration requirements and enterprise demand positions Quantum Secure to capitalize on the accelerating global transition toward postquantum cybersecurity infrastructure.

About Quantum Secure Encryption Corp.

Quantum Secure Encryption is a Canadian technology company specializing in postquantum data security, encryption and secure data infrastructure. Built around quantum-delivered entropy and zero-knowledge architecture, Quantum Secure's solutions help protect sensitive data from current cyber threats and future quantum-enabled attacks. Quantum Secure serves organizations across commercial, enterprise and public-sector environments requiring long-term data confidentiality and resilience.

We seek Safe Harbor.

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