SCOPE AI to Acquire Advanced Quantum Security Technology to Fortify Data Protection

Scope AI Corp. (“Scope” or the “Company”) is pleased to announce that it has entered into technology agreement dated July 9, 2024 (the “Technology Agreement”) with Ovryde Ltd. (“Ovryde”) whereby Ovryde has agreed to transfer its ownership and rights relating to delivery and application of quantum resilient entropy (the “QSE Technology”). Quantum resilient entropy is an advanced security measure designed to protect data against the future threats posed by quantum computing, ensuring that sensitive information remains secure in an increasingly digital world.

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Key Benefits of the Acquisition:

• Enhanced Cyber-Security Product Suite:
  • Immediate Expansion: This acquisition broadens Scope AI’s cybersecurity offerings by integrating Ovryde’s advanced quantum security technologies, providing more comprehensive solutions for clients.
  • Addressing New Threats: With the QSE Technology, Scope AI can tackle emerging quantum-computing threats, ensuring robust protection for sensitive data in transit and at rest.
• Efficient Synergies and New Revenue Streams:
  • Faster Deployment: The integration of QSE Technology creates synergies that enable faster and more efficient deployment of solutions.
  • New Revenue Opportunities: This opens new revenue streams by catering to industries with stringent data security needs, such as finance, healthcare, and government sectors.
• Regulatory Compliance and Future-Readiness:
  • Meeting Regulations: Helps clients comply with new and evolving regulatory standards for quantum-resistant encryption and data protection.
  • Future-Proof Solutions: Prepares businesses for future quantum-computing advancements with robust and scalable security solutions.
• Market Leadership and Innovation:
  • Leading the Market: Positions Scope AI as a leader in quantum-resilient security solutions, setting it apart from competitors.
  • Sustainable Growth: Provides a foundation for sustainable growth by continuously adapting to technological advancements in cybersecurity.

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James Young, CEO of Scope AI Corp., stated, “We are pleased to announce the acquisition of the QSE Technology. The product suite is established, complete, and ready to onboard customers now. This acquisition enables us to provide our customers with extremely robust security solutions that are easy to integrate into existing infrastructures. With the QSE Technology, we can address the emerging threats posed by quantum computing and ensure our clients are prepared for the future of digital security.”

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