Quantum Numbers Corp. (TSXV:QNC) is quickly moving towards commercialization with a targeted focus on Internet of Things (IoT) devices in the healthcare industry
SmallCapPower | February 19, 2021: We last wrote about Quantum Numbers Corp. (TSXV:QNC) a little more than a year ago and, as everyone knows, much has changed in the world since. COVID-19 related restrictions have made most of us dependent on the Internet, which has unfortunately has created more opportunities for cyber criminality.
This has made companies such as Quantum Numbers Corp. (QNC) more relevant than ever, as QNC is in the cryptography businesses, generating long strings of random numbers that secure your credit card info online as well as encrypts your e-mails. The more difficult these numbers are to guess, the better the security.
QNC is a Canada-based company focused on the development and commercialization of the quantum random number generator (QRNG) technology, which is considered the first line of cyber defense for the online universe.
QNC intends to work with microprocessor vendors and Original Equipment Manufacturers (OEMs) to develop and market the most secure and affordable encrypted communication solutions for the healthcare, financial/banking, military, mobile and Internet telecommunication sectors.
The Company has a unique QRNG product offering known as QRNG2, which is the first QRNG to rely on quantum tunneling and is one of the most powerful QRNG in the market.
Furthermore, QRNG2’s micro footprint allows easy integration into consumer electronics, while remaining powerful enough to secure sensitive communications, including financial and mobile communications, cloud-based applications, as well as military communications.
Overall, QNC’s technology provides a source of absolute randomness, a key prerequisite for any encryption scheme to provide reliable cybersecurity. QRNG2 is a cutting edge QNRG based on quantum tunneling, a purely quantum effect that guarantees complete randomness. It also has the capacity to deliver up to 1 Gigabits per second (“Gbps”) of full-entropy random numbers and is small enough to be embedded in a microprocessor chip. The Company is licensing the technology to leading semi-conductor manufacturers and integrators to address the market needs for an affordable but secure hardware encryption solution.
And now, QNC is set to take its technology to the next level. The Company is quickly moving towards commercialization with a targeted focus on Internet of Things (IoT) devices in the healthcare industry.
By providing the smallest, most reliable, scalable, high speed and cost effective QRNG, QNC is expected to become a leader in licensing and supplying the upcoming increased demand for cybersecurity affordable solutions, which are well designed to secure the critical healthcare communication between patient connected devices and the healthcare services that ensure their well being.
With 45 billion mobile devices and about 20 billion IoT devices globally, the business opportunity is immense, especially with the production of a low-cost QRNG chip.
The global cyber security market accounted for US$ 161.2 billion in 2020 and is estimated to be US$ 352.7 billion by 2029 and is anticipated to register a CAGR of 9.3%. Cyber security and protection of internet-connected systems including data, software, and hardware against cyber intrusions and attacks undertake greater significance in today’s digital changing landscape. The major players in cyber security market are focused on the product up gradation and establishing partnerships to operate in emerging markets. The demand for real-time solutions and services to safeguard and maintain data, information, program, and networks is projected to boost the global cyber security market in the forecast period.
The report “Global Cyber Security Market, By Component (Solution and Service), By Solution (Data security & privacy service offering, Governance, risk, & compliance, Identity & access management (IAM), Infrastructure security, Unified vulnerability management service offering and others), By Service (Professional and Managed Security), By Security (Application Security, Cloud Security, Data Security, Endpoint Security, Infrastructure Protection, Network Security and others), By Deployment (Cloud-based and On-premise), By Organization (Small and Medium Enterprise (SME) and Large Enterprise), By End-Use Application (BFSI, IT & Telecom, Defense/Government, Energy, Healthcare, Manufacturing, Retail, and others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Trends, Analysis and Forecast till 2029”.
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