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Quantum eMotion Corp V.QNC

Alternate Symbol(s):  QNCCF

Quantum eMotion Corp. is a Canada-based developer of cryptographic solutions. The Company is developing quantum random number generators (QRNG). It has launched its new QRNG2, an USB key that delivers pure entropy at 1.5 Gb/s. Its QRNG2 technology is the quantum random number generator, which is used in consumer electronics. QNG2 provides security to mobile and Internet transactions, Internet of Things (IoT) communication, machine-to- machine connections, networking equipment and cloud-based applications. Its technology is also applicable to others, such as datacenters, blockchain technologies, financial services, cloud-based information technology (IT) security infrastructure, classified government networks and communication systems, secure device keying (Internet of Things (IOT), automotive, consumer electronics) and quantum cryptography industry.


TSXV:QNC - Post by User

Post by Cautus99on Jul 08, 2020 5:49pm
219 Views
Post# 31242077

News

News

NEWS

Montreal, Quebec - TheNewswire - July 8, 2020 - (TSXV:QNC) Quantum Numbers Corp. (the "Corporation" or "QNC"), an innovative developer of cryptographic solutions based on Quantum Random Number Generator (QRNG), announces t oday that the Board of Directors has accepted the resignation of Mr. Jean Charles Phaneuf, as President, Chief Executive Officer and Director, effective immediately.

The Board of Directors has appointed Mr. Marc Rousseau, director of the Corporation, as interim Chief Executive Officer. Mr. Rousseau will work to ensure the follow-up and continuity of the current operations and transactions.

Mr. Rousseau commented: "On behalf of the Board of Directors, I would like to show my gratitude to Jean Charles who worked tirelessly in recent years to build a strong team and advance the Corporation's projects."

Furthermore, in order to reduce expenses, the Board of Directors has decided to temporarily lay off the Chief Financial Officer, Pierre C. Miron. Mr. Miron remains as director of the Corporation and will be reinstated as soon as the financial situation will improve.


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