- Quantum eMotion (TSXV:QNC), a quantum cybersecurity stock, is refuting a recent post by partner Terranova Defence Solutions questioning the effectiveness of its technology
- The company’s investigation into the matter is ongoing
- Quantum eMotion specializes in classical and quantum cybersecurity solutions
- Quantum eMotion stock has added 2,860 per cent year-over-year and 770.59 per cent since 2020
Quantum eMotion (TSXV:QNC), a quantum cybersecurity stock, is refuting a recent post by partner Terranova Defence Solutions questioning the effectiveness of its technology.
According to Friday’s news release, the post, since removed from Terranova’s website, made “disparaging remarks about the performance and quality of QeM’s quantum-based communication security platform.”
The incident comes just over four months after Quantum eMotion and Terranova formed a global cybersecurity partnership to commercialize new solutions.
Terranova’s criticism prompted Quantum eMotion’s partner, blockchain innovator Krown Technologies, to issue a statement in support of the company and its quantum technology. The link to the statement provided in the news release leads to an empty page.
Quantum eMotion stock has added about 1,000 per cent over the past month driven by partnerships with Krown and Becton Dickinson, as well as ongoing progress across its addressable market.
Leadership insights
“I want to assure our shareholders of the unequivocal quality and performance of our QRNG2, a product originating from the ingenuity of world-renowned quantum physicist Professor Bertrand Reulet of the University of Sherbrooke and further developed at ETS in Montreal,” Francis Bellido, Quantum eMotion’s chief executive officer, said in a statement. “Our technology has been rigorously designed to the highest standards and fully meets the stringent compliance criteria of the U.S.-based National Institute of Standards and Technology (NIST).”
“It is categorically impossible for Terranova Defence Solutions to have tested our technology, as they have never had access to it,” Bellido added. “This is a clear case of slander, and we are deeply concerned that such a falsehood was published. Our technology is safeguarded by robust intellectual property protections, including four patents granted by the U.S. Patent Office. We stand firmly by the proven security and performance of our solutions. Our company has experienced spectacular success recently, and at this moment, I cannot ascertain whether this reputational slander is an act of vengeance, competitive malfeasance, or a manipulation attempt by short sellers. However, we are determined to uncover the truth and will address this matter with the seriousness it deserves.”
About Quantum eMotion
Quantum eMotion specializes in classical and quantum cybersecurity solutions. The company’s offerings are based on its patented Quantum Random Number Generator, which exploits the unpredictability of quantum mechanics to protect high-value assets and critical systems.
Quantum eMotion stock (TSXV:QNC) is down by 5.7 per cent trading at C$1.49 per share as of 11:27 am ET. The stock has added 2,860 per cent year-over-year and 770.59 per cent since 2020.
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(Top photo of the QRNG2 quantum random number generator: Quantum eMotion)
