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Montreal, Quebec (Newsfile Corp. - May 5, 2021) - Quantum Numbers Corp. (TSXV: QNC) (OTC Pink: QNCCF) (FSE: 34Q) ( QNC or the Corporation ) elaborates on key market assumptions behind the third-party Valuation of its QRNG Technology in an effort to clarify the conclusions of the report.
The valuation analysis was supported by a recent marketing report released by IQT Research,
Quantum Random Number Generators: A Ten-year Market Assessment, predicting that the QRNG market will reach $ 14 Billion by 2030 with a CAGR of 60%. The report emphasizes the ever-increasing role that QRNGs are expected to play in the fight against cyber criminality. All the major business verticals of the economy will benefit from QRNGs as these become viewed as key enabling technologies for quantum-level security and a welcome improvement on current cybersecurity tools and practices.
Quantum technology is going to revolutionize the future. Whatever else one might say about the Trump administration, one of its major achievements was revolutionizing how the US addressed this potentially disruptive technology including its possible threat to the world’s encryption systems especially at the federal level.
President Trump signed the National Quantum Initiative passed by Congress, increasing funding for quantum research by $1.25 billion. The administration also established the National Quantum Coordination Office at the Office of Science and Technology Policy; prompted the Department of Energy to establish a series of Quantum Information Science Research Centers at its outstanding national labs; and created the Quantum Economic Development Consortium to encourage commercialization of quantum technology and components. Meanwhile, Congress injected requirements for the Pentagon to embrace the need for quantum technology in successive National Defense Authorization Act