Issued on behalf of Scope Technologies
Corp.
USA News
Group News Commentary
VANCOUVER, BC, March 13,
2025 /PRNewswire/ -- We are marching towards a
quantum computing reality faster than ever. In the latest
groundbreaking achievement, scientists just unveiled Aurora, a
quantum computer that operates at room temperature—one of the
biggest leaps so far toward scalable quantum computing. But with
great leaps, come even greater vulnerabilities, with what security
experts have dubbed as "q-day", the day when quantum computing
power gets into the hands of bad actors. Europol (a
multinational EU security organization) already urgently imploring
financial institutions and policymakers to prioritize the
transition to quantum-safe (or post-quantum) cryptography. Now
looking ahead, the market is paying closer attention to not only
quantum computing developers, but those who are protecting us from
the threat to come, including recent updates coming from Scope
Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), IonQ,
Inc. (NYSE: IONQ), Rigetti Computing, Inc. (NASDAQ:
RGTI) (NASDAQ: RGTIW), Quantum Computing Inc. (NASDAQ:
QUBT), and Quantum Corporation (NASDAQ: QMCO).
The article continued: According to McKinsey analysts,
quantum technology's economic impact could reach up to $2 trillion by 2035. Last year, NIST
standardized a set of encryption algorithms to secure data from a
future quantum computer cyberattack. Now NIST has selected a
backup algorithm that can provide a second line of defense, called
HQC, which will serve as a backup defense in case quantum
computers are someday able to crack ML-KEM.
Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), a
pioneering technology company specializing in quantum security,
today announced the signing of a strategic channel partnership
agreement with COGITO, a premier software distributor with
extensive reach across China and
beyond. This partnership will accelerate the adoption of
Scope's flagship quantum security solutions, including
QSE Group's quantum-resistant data storage and entropy
services, within the rapidly growing Chinese market.
COGITO, established in 2000, operates across China, Singapore, Hong
Kong, America, and Australia. Collaborating with over 2,000
resellers and serving more than 40,000 users, COGITO's
client base spans enterprises, government agencies, and educational
institutions. With a deep understanding of market needs and a
robust operational team spanning sales, marketing, technology, and
media operations, COGITO is uniquely positioned to drive
substantial growth for QSE Group in the region.
"Partnering with COGITO marks a significant milestone in
our global expansion strategy," said James
Young, CEO of Scope Technologies. "Their extensive
reseller network and established market presence in China will provide a powerful platform to
introduce QSE's cutting-edge quantum security solutions to a
broader client base. This partnership aligns with our vision to
empower organizations worldwide with secure, scalable technologies
that protect their data now and into the future."
Through this partnership, COGITO will promote and sell
QSE's full suite of quantum security offerings, including
decentralized cloud storage and Entropy-as-a-Service,
ensuring businesses and institutions can safeguard their critical
data assets against current and future cyber threats.
"We are excited to offer QSE's advanced quantum security
solutions to our extensive client network," said a spokesperson for
COGITO. "As we have observed increasing demand for data
security solutions that are resilient against quantum threats, this
partnership will enable us to meet those needs and deliver
unmatched security to organizations throughout the region."
Scope also recently made a big leap forward with its
Quantum Preparedness Assessment (QPA) tool, when it announced that
QPA is now fully integrated with a widely used risk management
system, making it easier for businesses to evaluate and protect
themselves against future cyber threats from quantum computing.
Using AI-powered automation, this upgraded tool helps organizations
quickly and accurately assess their risks, plan their security
strategies, and stay ahead of potential quantum-based attacks.
"As quantum threats loom closer, businesses must act now to
evaluate and strengthen their security infrastructure," said
Sean Prescott, Founder and CTO of
Scope Technologies Corp. "Our AI-powered QPA, with full RMF
integration, provides a seamless, data-driven approach to assessing
and mitigating risks before it's too late."
As quantum computing advances, traditional encryption methods
are becoming easier to break. One major concern is the "Harvest
Now, Decrypt Later" (HNDL) strategy, where cybercriminals steal
encrypted data today, knowing that future quantum computers will be
able to decode it.
To help companies stay ahead, QSE Group, the quantum
security division of Scope Technologies, has developed an
AI-powered assessment tool that simplifies the process of
evaluating quantum-related risks. This automated tool provides
clear, actionable insights to help businesses protect their
sensitive data and infrastructure—without requiring a large
investment.
Scope's upgraded Quantum Preparedness Assessment
(QPA) offers key advantages, including full integration with widely
used risk management frameworks. Prior to the QPA incorporation,
Scope affirmed that its Quantum Security Entropy (QSE)
platform is fully aligned with the U.S. Department of Health and
Human Services' (HHS) proposed updates to the HIPAA Security
Rule. These updates are designed to strengthen protections for
healthcare data against growing cybersecurity threats.
Shortly after this announcement, the company demonstrated strong
market confidence in its progress by securing $2.8 million in new funding. This includes a
$1.8 million private placement and a
$1 million debt financing deal with
its first enterprise-level client, First Majestic Silver.
These funds are now available to support further growth and
innovation.
CONTINUED… Read this and more news for Scope AI
at: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
In other industry developments and happenings in the market
include:
IonQ, Inc. (NYSE: IONQ), a leader in the quantum
computing and networking industries, recently announced strong
momentum toward its technological roadmap with a portfolio of
nearly 400 granted and pending quantum networking patents that
IonQ owns or controls in the US and internationally.
"Quantum networking and quantum computing for IonQ are
highly synergistic, and we believe that IonQ is the only
quantum computing company that has an inherent leadership advantage
in the quantum networking market segment," said Niccolo de Masi, President and CEO of
IonQ. "Our extensive patent portfolio in quantum networking
technologies, paired with our consistent delivery and
outperformance of quantum networking technological and business
milestones, enables new market opportunities to help our customers
solve problems unsolvable with current technologies."
IonQ has aggressively expanded its quantum
networking capabilities, acquiring Qubitekk in late 2024 and
securing a controlling stake in ID Quantique (IDQ), a leader
in quantum-safe networking. These moves bolster IonQ's
portfolio with nearly 250 networking patents and access to
IDQ's expertise in commercialized quantum communication,
including South Korea's 800km
quantum network and key European projects. IonQ has already
commercialized quantum networking through the EPB Quantum
Network in Chattanooga,
Tennessee, while securing major U.S. government contracts
totaling over $81 million.
Rigetti Computing, Inc. (NASDAQ: RGTI, RGTIW), a pioneer
in full-stack quantum-classical computing, recently announced its
financial results for Q4 and FY 2024. And despite the fact that
these earnings revealed the risks and rewards of quantum computing,
as reported by Barron's, Rigetti defied its financial
setbacks with quantum innovation and strategic partnerships.
The main recent strategic collaboration was with Quanta
Computer to accelerate development and commercialization of
superconducting quantum computing. The companies have committed to
investing more than $100 million each
over the next five years, with both sides focusing on their
complementary strengths to develop superconducting quantum
computing technologies. In addition, Quanta will invest
$35 million and purchase shares of
Rigetti, subject to regulatory clearance.
Our companies' complementary strengths -- Rigetti as a
pioneer in superconducting quantum technology, with open, modular
architecture enabling incorporation of innovative solutions across
different parts of the stack easily," said Dr. Subodh Kulkarni, Rigetti CEO. "And
Quanta as the world's leading notebook/server manufacturer
with $43 billion in annual sales --
will help to put us at the forefront of the quantum computing
industry."
Quantum Computing Inc. (QCi) (NASDAQ: QUBT), announced
its own strategic collaboration earlier this year, with Sanders
Tri-Institutional Therapeutics Discovery Institute, Inc. (Sanders
TDI) to drive advancement of research in computational
biomedicine. Through this collaboration, QCi will provide
Sanders TDI with access to its quantum computation
technology and hardware, specifically with its Dirac-3 Entropy
Quantum Computing Machine to support the Institute's
experimental work.
Quantum Corporation (NASDAQ: QMCO) announced earlier this
year that it has enhanced its Quantum Myriad® all-flash file
system, making it the first to offer incremental, in-place system
scaling with automatic data leveling. Customers can start with as
few as five partially populated NVMe Storage Server nodes and
expand seamlessly, adding nodes without disruption or admin
intervention. This approach eliminates forklift upgrades, ensures
continuous operation, and provides up to 80% usable capacity with
n+2 data protection. Future updates will expand scalability to 20
nodes and beyond, delivering virtually unlimited growth to meet
evolving AI-era storage demands.
"Myriad's innovative architecture has been designed from the
ground up to deliver unmatched performance, scalability, and
flexibility," said Ben Jarvis,
Technical Director, Quantum. "With the ability to add
bare-metal storage nodes one at a time and have them online in just
minutes with support for dynamic n+m data protection and data
leveling, Myriad stands apart from traditional NAS systems. These
capabilities give customers the best of all worlds: high immediate
usable capacity and the freedom to seamlessly expand their storage
as requirements evolve, maintaining high performance and
reliability for mission-critical data sharing—whether via SMB, NFS
or using our direct client for GPU workflows—while supporting
cutting-edge AI/ML pipelines and data-intensive HPC workloads."
Article Source:
https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
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