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Quantum eMotion Makes Major Advances in Creating Its First-Generation Quantum Random Number Generator MicrochipQeM's research and development team has explored two promising solutions to achieve this ambitious objective:
These approaches are poised to culminate in the production of integrated circuits that encompass a complete QRNG within an area of less than 1 cm². Moreover, the first solution offers the potential to sell design cores, enabling integrated circuit (IC) vendors such as TI, Intel, and IBM to incorporate QRNG functionality directly into their products, thereby broadening the applicability and accessibility of quantum-based security technologies. Francis Bellido, CEO of QeM, praised the initial prototype designed by Ecole Technologies Supérieure (ETS) in Montreal, in partnership with CMC and manufactured by Taiwan Semiconductor Manufacturing Company (TSMC). Delivered at the end of 2023 and tested at ETS, the prototype demonstrated excellent performance in critical functions. Despite the need for some adjustments and enhancements to refine the design, the team expects to be ready for the next production cycle, aiming to deliver a functional QRNG IC by fall 2024. The integration of 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, further broadening the applications and impact of quantum-based security technologies. The market for QRNG technologies has seen significant growth and is projected to continue expanding. In 2022, the QRNG market was valued at approximately 50 million U.S. dollars. A forecast by IQT Research predicts that this market could rise to 4 billion U.S. dollars by 2030. This growth reflects the increasing demand for secure communication technologies and the expected adoption of quantum computing and cryptography technologies across various industries. About QeM The Company's mission is to address the growing demand for affordable hardware and software security for connected devices. QeM has become a pioneering force in classical and quantum cybersecurity solutions thanks to its patented Quantum Random Number Generator, a security solution that exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced protection for high-value assets and critical systems. The Company intends to target highly valued Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, Classified Government Networks and Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics) and Quantum Cryptography. For further information, please contact: Francis Bellido, Chief Executive Officer Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Corporation's periodic reports including the annual report or in the filings made by Quantum from time to time with securities regulatory authorities.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/198708
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