Here are some technological events that couldn’t be kept under a bushel any longer. Toronto-based 01 Communique Laboratory Inc. (TSX-Venture:ONE) announced its quantum-safe encryption “IronCAP” proved to be unhackable. This, even though the Company issued a worldwide challenge to hackers to crack the Company’s quantum-safe encryption in 36 days, sweetening the pot with a $100,000 prize.
Nobody, of the more than 500 entries, could do it, providing further validation of the strength of IronCAP’s encryption platform.
CEO Andrew Cheung, stated, “Our team is very proud of IronCAP and our accomplishments to date and we will plan to continue to pioneer the industry and show industry and governments that IronCAP is the best choice for post-quantum encryption”.
Even sweeter was Monday afternoon’s price jump of three cents, or 37.5%, to 11 cents, on volume of 150,000 shares.