01 Communique releases 2021-2025 business plan
2020-11-16 16:24 ET - News Release
Mr. Andrew Cheung reports
01 COMMUNIQUE ANNOUNCES STRATEGIC GROWTH PLAN
01 Communique Inc. has released some of the key initiatives in its fiscal 2021 to 2025 business plan. The plan is designed to achieve growth in revenues and earnings. As support for the company's plan, the company has already secured major new global enterprise partners to help achieve its objectives and expects to add more new partners throughout fiscal 2021 and beyond.
As previously announced, the company will host a live webcast on Nov. 17 at 11 a.m. ET to discuss details of the plan. Investors are invited to register in advance for the live webcast of the call and investor presentation on the company's website.
Andrew Cheung, president and chief executive officer of 01 Communique, commented: "Q-Day, the day quantum computers are expected to render current encryption methods meaningless, is coming. 01 Communique has developed what we believe to be the first-to-market enterprise-level cybersecurity software for the quantum computing era. Our patent-pending, proprietary, quantum-safe cybersecurity products IronCAP and IronCAP X are expected to drive revenue growth. IronCAP, which was uncrackable during a month-long hack-a-thon last year, is expected to enable us to generate significant revenue as we grow our global client base."
Under Mr. Cheung's leadership and an exceptionally talented research and development team led by Sergey Strakhov as chief technology officer and Prof. Bezzateev as crypto scientist, 01 Communique has developed a variety of software-as-a-service technologies over the past 20 years. In addition to IronCAP X, revenue-generating products include I'm InTouch remote access software and I'm OnCall remote support. Revenue from these two products has helped the company finance the development of IronCAP X.
Mr. Cheung stated: "Now we are launching our game-changing, enterprise-level IronCAP X quantum-safe cybersecurity product to the global market. Over the next few years, we expect to invest in our infrastructure to support the growth of our business."
Key investment highlights
The company is providing its key investment highlights, which have been outlined in a presentation that will be available shortly after tomorrow's webcast on the company's website.
The company is:
- Serving a massive global encryption software market forecasted to grow from $600-million (U.S.) in 2018 to $1.7-billion (U.S.) in 2024, representing a CAGR (compound annual growth rate) of 18.7 per cent (1);
- Targeting global postquantum cryptograph vertical markets, which include e-mail encryption, file storage, website protection and financial transactions;
- Planning to launch IronCAP X enterprise version in first quarter 2021 (2) with world-class early-adopter partners;
- One of the first to market with proprietary, patent-pending, enterprise software for the quantum computing era that the company believes has the potential to become the de facto solution globally;
- A disruptive cybersecurity SaaS company with an aggressive plan to generate increased revenue and net income margin growth;
- At a financial inflection point which provides an attractive investment entry point, Q-day represents a massive potential catalyst for investors.
Strategic growth plan
The plan is designed to achieve growth in revenues and earnings. Revenue growth is expected to be driven by being one of the first to market with quantum-safe encryption technology, which the company anticipates will enable it to rapidly add new enterprise customers. It will be supported by free IronCAP X licences to individuals, which are expected to accelerate adoption of the technology.
The company's goal is to become the de facto solution globally for quantum-safe encryption. The advent of quantum computers has implications for every electronic communication, file storage, website and financial transaction as Q-day is expected to render current encryption methods meaningless.
Over the next few years, the company expects to make significant investments in company infrastructure. This includes not only marketing, sales and business development, but also R&D, finance and business processes. The company expects these investments to support the growth of the business, thereby enabling significant future levels of profitability.
About 01 Communique Inc.
Established in 1992, 01 Communique has always been at the forefront of technology. The company's cybersecurity business unit focuses on postquantum cybersecurity with the development of its IronCAP technology. IronCAP's patent-pending cryptographic system is an advanced Goppa-code-based postquantum cryptographic technology that can be implemented on classical computer systems as known today and at the same time can also safeguard against attacks in the future postquantum world of computing. The company's remote access business unit provides its customers with a suite of secure remote access services and products under its I'm InTouch and I'm OnCall product offerings. The remote access offerings are protected in the United States by its patents No. 6,928,479/No. 6,938,076/No. 8,234,701; in Canada by its patents No. 2,309,398/No. 2,524,039 and in Japan by its patent No. 4,875,094.
(1) Gartner Forecast Analysis: Information Security and Risk Management, Worldwide, report -- July, 2020.
(2) IronCAP and IronCAP X, a new cybersecurity product for e-mail/file encryption, incorporating patent-pending technology, was made available for commercial use on April 23, 2020. The enterprise version is expected to be available in first quarter 2021.
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