QuSecure | July 13, 2022
QuSecure™, Inc., a leader in post-quantum cybersecurity (PQC), today announced the U.S. Federal Government is currently orchestrating the world’s first-ever post-quantum encryption communication over a Government network by utilizing its QuProtect™ PQC solution. QuProtect is the industry’s first end-to-end PQC software-based solution uniquely designed to protect encrypted communications and data with quantum-resilience using quantum secure channels.
The Government is leveraging QuSecure’s unique post-quantum cryptographic algorithm on its legacy systems at a combined Air Force, Space Force and NORAD location. The quantum-resilient deployment has 100-percent uptime protecting data that previously used standard encryption, with no increased bandwidth or latency issues through QuProtect’s quantum tunnel. Data currently being transmitted cannot be decrypted by others unless they have the QuProtect system, and any adversary collecting the protected data to store will be unlikely to decrypt it in the future, even with a quantum computer.
“This is extremely significant because the U.S. Government has not employed a post-quantum communications channel on premises before, The QuProtect platform is performing exceptionally well with uninterrupted, continuous quantum channel uptime protecting formerly classically encrypted and quantum vulnerable asymmetric keys, With the current speed of business, commerce, warfare and everyday communications, QuProtect protects all data on existing systems and devices and does not slow the systems down, We have proven this in our successful pilot, which will lead to the large-scale deployments as a result of our SBIR Phase III contract with the Government. This historic moment places QuSecure one step closer to fulfilling our vision of ensuring an exceptionally secure quantum future.”
-Pete Ford, QuSecure Head of Federal Operations.
This historic event was possible due to activities around QuSecure’s evaluation for, and eventually winning, the Small Business Innovation Research (SBIR) Phase III Federal Government procurement contract for PQC solutions. Announced last month, QuSecure has been established as the Government’s leading provider of PQC solutions, setting the standard for Government’s PQC requirements. This is the Government’s first and only Phase III designation aimed at addressing end-to-end comprehensive solutions to the post-quantum threat, and further emphasizes today’s need to deploy PQC for classical and future quantum attacks.
Federal agencies participating in SBIR include the following agencies and departments: Small Business Administration, Agriculture, Commerce, Defense, Education, Energy, Health and Human Services, Homeland Security, Transportation, Environmental Protection, the National Aeronautics and Space Administration (NASA), and the National Science Foundation.
The Government’s deployment of QuSecure is being operated over an open Internet network on legacy equipment and systems. QuSecure has proven it works on Government systems by using cryptographic agility that supports all National Institute of Standards and Technology (NIST) finalist algorithms in the post-quantum cryptography standardization competition. The winners of the NIST competition were announced on July 5.
QuProtect enables organizations for the first time to leverage quantum resilient technology to help prevent today’s cyberattacks, while future-proofing networks and preparing for post-quantum cyberthreats. It provides quantum-resilient cryptography, anytime, anywhere and on any device. QuProtect uses an end-to-end quantum-security-as-a-service (QSaaS) architecture that addresses the digital ecosystem’s most vulnerable aspects, uniquely combining zero-trust, next-generation post-quantum-cryptography, quantum-strength keys, high availability, easy deployment, and active defense into a comprehensive and interoperable cybersecurity suite. The end-to-end approach is designed around the entire data lifecycle as data is stored, communicated, and used.
QuSecure is a leader in post-quantum cybersecurity with a mission to protect enterprise and Government data from quantum and classical cybersecurity threats. Its patent-pending, quantum-safe solutions provide an easy transition path to quantum resiliency across any organization. The company’s QuProtect solution is the industry’s first PQC software-based platform uniquely designed to protect encrypted communications and data with quantum-resilience using a quantum secure channel. QuSecure has current customer deployments in banking/finance, healthcare, space/satellite, IT/data enterprises, datacenters, and various Department of Defense agencies. QuSecure is investor backed and has offices in Silicon Valley.
GOVERNMENT BUSINESS,GOVERNMENT INSURANCE
Voxtur | July 06, 2022
Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce that, further to the news release issued on June 9, 2022, it has completed the arm's length acquisition of Municipal Tax Equity Consultants Inc. ("MTEC") and its associated entity, MTAG Paralegal Professional Corp., acquired MTE Paralegal Professional Corporation ("MTEP", and together with MTEC, “MTE”) (collectively, the "Acquisition").
MTE provides technology-enabled solutions to help municipal governments maximize property tax revenue, mitigate future liabilities, manage operations from emerging opportunities, and develop property tax policy frameworks.
"As a fully integrated real estate technology company, we are setting new standards built on innovation and execution, This acquisition expands Voxtur's reach as a reliable source of targeted data and industry expertise to benefit municipalities."
-CEO Jim Albertelli, Voxture.
The purchase price for the acquisition of MTEP is $900,000 payable in cash and the aggregate purchase price for the acquisition of MTEC by Voxtur is $3,500,000, subject to customary adjustments, (the “MTEC Purchase Price”), paid in a combination of cash, totaling $2,200,000, and common shares of the Company (“Common Shares”), with $800,000 of the MTEC Purchase Price satisfied by the issuance of 808,080 Common Shares at closing, priced at $0.99 per Common Share, and $500,000 of the MTEC Purchase Price satisfied by the issuance of up to 505,050 Common Shares subject to an escrow hold period of 18 months priced at $0.99 per share. The number of escrowed shares to be issued following the escrow hold period are subject to a downward adjustment. In addition, $500,000 of the cash portion of the MTEC Purchase Price will be subject to an escrow hold period of 18 months.
In addition to the benefits the Company will see as a result of the Acquisition, the property tax sector has embraced Voxtur's flagship sketch technology, known as Apex. The proprietary imagery and web-based GIS applications unify property-related data and enable desktop review of properties. The software, data analytics, and visual intelligence are focused on real property and primarily serve the property assessment, property taxation, municipal, insurance, and appraisal sectors, both public and private. Counties across North America see the benefits from this technology resulting in efficiencies impacting productivity and accuracy.
Voxtur is a transformational real estate technology Company that is redefining industry standards in a dynamic lending environment. The Company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada.
EMERGING TECHNOLOGY,GOVERNMENT BUSINESS
Webb Fontaine | July 28, 2022
Webb Fontaine, a leading provider of advanced and innovative trade and Customs services, has announced it's Customs Webb solution has been chosen by Benin as their new Customs system, in replacement of ASYCUDA World.
The project strengthens Webb Fontaine's long-standing partnership with Benin Government, who has ambitions to expand and develop into one of the region's most technologically advanced trade environments.
The project continues towards a fully integrated approach to trade, interconnecting all major trade platforms such as the Single Window, the Port Community System, the e-Tracking solution and now through Customs Webb the Customs System. As a central and critical part of the trade environment, it is crucial and urgent for Governments to operate modern and efficient Customs Systems.
"Customs Webb, Webb Fontaine's Customs system, based on artificial intelligence, was chosen by Benin to continue the modernization of customs and optimize the trade environment. Webb Fontaine's ability to provide cutting-edge technology and digital solutions is a guarantee of success. With this new system, the objective of the public authorities to make Benin an exemplary platform in the simplification and transparency of Customs clearance procedures has taken a major step forward. All economic players are supported by Customs as part of a successful partnership with the entire industrial, commercial and logistics community."
-Alain HINKATI, Director General of Customs, Benin
We are honoured to have been selected by Benin Customs for such an important project. The longevity of our partnership is a true testament to Benin's commitment to trade digitalization. Customs Webb is a powerful system that uses AI technology to fully digitise the entire clearance process. To implement Customs Webb will be a huge step forward in their mission and the impacts of such will be felt by the entire trade community. Samy Zayani, Chief Commercial Officer Webb Fontaine
For Webb Fontaine, a successful track record demonstrates its ability to use AI to facilitate trade, secure revenue and reduce clearance times and costly congestion while greatly improving trade governance.
About Webb Fontaine-
Webb Fontaine is an AI company re-shaping the future of trade through technology. Trusted by governments globally, Webb Fontaine provides industry wide solutions to accelerate trade development and modernization. The company uses unique technology including Artificial Intelligence to enable countries to emerge as leaders in the future of trade.