- Quantum eMotion updated progress on the creation of its inaugural Quantum Random Number Generator on a chip
- The Montreal-based technology stock stated this achievement represents a significant step forward in the field, aiming to compactly integrate QRNG technology into a single, streamlined package
- Integrating QRNG technology into a miniaturized chip opens up possibilities for embedding quantum-enhanced security features directly into medical devices, consumer electronics, IoT devices and other digital systems
- Quantum eMotion Corp. stock last traded at $0.05 per share
Quantum eMotion (TSXV:QNC) updated progress on the creation of its inaugural Quantum Random Number Generator (QRNG) on a chip.
Calling this a pivotal advancement in quantum communication technology, the Montreal-based technology stock stated this achievement represents a significant step forward in the field, aiming to compactly integrate QRNG technology into a single, streamlined package, transforming the design and application of quantum-based security elements.
Integrating QRNG technology into a miniaturized chip opens up possibilities for embedding quantum-enhanced security features directly into medical devices, consumer electronics, IoT devices, and other digital systems, the company stated in a news release.
The team intends to culminate in the production of integrated circuits that encompass a complete QRNG within an area of less than 1 cm². The first solution offers the potential to sell design cores, enabling integrated circuit vendors such as TI, Intel and IBM to incorporate QRNG functionality directly into their products.
In 2022, the QRNG market was valued at approximately US$50 million. A forecast by IQT Research predicts the QRNG market could rise to US$4 billion by 2030. The company added this growth reflects the increasing demand for secure communication technologies and the expected adoption of quantum computing and cryptography technologies across various industries.
Addressing the growing demand for affordable hardware security for connected devices, Quantum eMotion Corp. focuses on developing a new generation of quantum-safe encryption for high-value assets and critical systems.
Quantum eMotion Corp. stock last traded at $0.05 per share. Though it is up 11.11 per cent over the past week, the stock is down 38.88 per cent since this time last year.
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