01 Communique Secures $920,000 in Private Placement for Quantum Cybersecurity Advancements

The latest update is out from 01 Communique Laboratory Inc. ( (TSE:ONE) ).

01 Communique Laboratory Inc., a pioneer in enterprise-level cybersecurity for the quantum computing era, announced the completion of a non-brokered private placement, raising $920,000 from strategic investors led by Antanas Guoga (Tony G). This funding will support product development and general working capital, enhancing the company’s position in the quantum-safe cryptographic technology field. A key aspect of the announcement is the investors’ commitment to a 12-month hold period on the securities, signaling confidence in the company’s future prospects and its patented Post Quantum Cryptography (PQC) technology.

More about 01 Communique Laboratory Inc.

Established in 1992, 01 Communique is a leading technology company specializing in post-quantum cybersecurity and secure remote access solutions. Their flagship product line, IronCAP™, focuses on quantum-safe cryptographic technologies, and their services are protected by multiple patents in the USA, Canada, and Japan.

YTD Price Performance: -37.50%

Average Trading Volume: 702,332

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$40.95M

For a thorough assessment of ONE stock, go to TipRanks’ Stock Analysis page.