Here are 1-3 brief analogies for Quantum eMotion (QNC):

• It's like **Palo Alto Networks**, but specializing in cybersecurity solutions that are immune to attacks from future quantum computers.
• Think of them like **Arm Holdings**, but instead of chip designs, they're developing the core quantum-safe encryption technologies (IP) for future devices and networks.
• They're like **Zscaler**, but ensuring secure data transmission and communication even against quantum computing threats.

• Sentry-Q: A cloud-based quantum-secure cybersecurity solution designed for high-speed data transmission.
• QRNG2: A quantum random number generator utilized for cybersecurity purposes.
• eWallet: A secure physical storage solution for cryptocurrencies.
• QxEaaS: An advanced entropy as a service offering for secure communication.
• Healthcare Applications: The company develops and commercializes various applications for the healthcare sector.

Francis Bellido, President / CEO

Dr. Bellido has over 35 years of international experience in the Cybersecurity, Healthcare, and Financial industries. He was appointed CEO of Quantum eMotion Corp. in January 2020. Previously, he served as CEO of SoundBite Medical from 2018 to 2020, and as CFO from 2015 to 2018. From 1999 to 2006, he managed SGF-Santé, a $300M life science investment fund, which led to several major successes including Cryocath, IDI-GeneOhm, Draxis, Medicago, Atrium, and Axcan Pharma. He also held various executive positions with Eli Lilly in the United States and Europe, including Strategic Asset Director, Global Business Unit Manager, and Head of Regulatory Affairs. Dr. Bellido has served as a Board member and Director for over 20 private and public companies.

Marc Rousseau, CFO

Mr. Rousseau is the President of LVR Capital Inc. He started his professional career as Director of Operations at Crédit Ford of Canada. In 2001, he joined the Business Development Bank of Canada as a Senior Business Development Manager, a position he held until founding LVR Capital in September 2005. LVR Capital, a consultation investment bank, has been instrumental in securing nearly $200M in financing for numerous companies and has been responsible for the restructuring and turnaround of several firms. Mr. Rousseau also had a military career as an infantry officer with the Canadian Forces from 1981 to 2004, commanding the Mount Royal Fusilliers Regiment and serving in Bosnia at NATO Headquarters. He has been a director of the National Film Board of Canada, Iscope Corporation, and chaired the board of the Quebec Society for disabled children.

Edward L. Moore, CTO

Dr. Moore brings a 40-year tenure in the software, semiconductor, and cybersecurity industries. Early in his career, he founded ANACAD, a company that developed software technology for integrated circuit (IC) design. ANACAD's products were widely adopted globally by major corporations such as Daimler, Toshiba, and SGS Thomson. The company was subsequently sold to Mentor Graphics. Currently, Dr. Moore is the President of Baystream, a company specializing in process automation and cloud-based solutions.

John Young, COO – QeMA

Mr. Young serves as the Chief Operating Officer for QeMA, a division of Quantum eMotion Corp.

Abder Benrabah, VP Quality & Compliance

Mr. Benrabah contributes over 25 years of extensive international experience across various industries, including Medical Devices, Cybersecurity, and Engineering, Procurement, and Construction (EPC).

The key risks for Quantum eMotion (QNC) primarily stem from its position as an early-stage technology company operating in the nascent quantum-safe cybersecurity market.

1. Execution and Commercialization Challenges: Quantum eMotion is a pre-revenue company with limited earnings visibility, meaning its future success hinges on its ability to successfully commercialize its quantum-based cryptographic solutions. This involves significant execution risk in transitioning from technology development to real-world application and widespread adoption. Any delays or lack of tangible progress in product deployment, securing significant design wins, or converting partnerships can negatively impact investor confidence and revenue generation.
2. Funding Dependency and Dilution Risk: As a development-stage company, Quantum eMotion operates at a loss and has a significant cash burn rate. While the company has raised capital, there is an ongoing need for additional funding to sustain operations, advance its technology, and bring products to market. This creates a risk of the company running out of capital before achieving market traction, potentially leading to future equity dilution for existing shareholders.
3. Competition and Market Adoption Risk: The quantum security market is rapidly evolving and highly competitive. Quantum eMotion faces competition from larger, better-funded technology firms and established cybersecurity providers who could develop their own competing solutions or integrate quantum-resistant capabilities, potentially setting industry standards that could exclude QNC's offerings. Additionally, the widespread market adoption of quantum-safe solutions may take longer than anticipated, impacting the company's growth timeline.

The rapid advancements and ongoing standardization efforts in post-quantum cryptography (PQC) by major technology companies and national bodies (such as NIST) pose a clear emerging threat. If Quantum eMotion's proprietary quantum-based cryptographic solutions (Sentry-Q, QRNG2, QxEaaS) do not align with or are outcompeted by solutions developed by these larger, well-resourced entities that become widely adopted industry standards, QNC could face significant challenges in market adoption and long-term relevance.

Quantum eMotion Corp. (symbol: QNC) operates in several high-growth addressable markets for its quantum-based cryptographic solutions.

Quantum Random Number Generator (QRNG) Market

For its QRNG2 product, which delivers pure entropy, and its QxEaaS (Entropy-as-a-Service), the global Quantum Random Number Generator market is a significant addressable market. The global QRNG market size was estimated at approximately USD 551.3 million in 2024 and is projected to reach around USD 14,631.3 million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 38.8% from 2025 to 2034. North America held a dominant market position in 2024, capturing over 38% share with USD 209.4 million in revenue. Quantum eMotion itself projects the market size for Quantum Random Number Generators (QRNGs) to reach USD 25.4 billion by 2031, expanding at a CAGR of 72.6%.

Secure Cryptocurrency Storage (eWallet) Market

Quantum eMotion's eWallet product, designed for secure physical cryptocurrency storage, addresses the global hardware wallet market. This market was valued at approximately USD 0.54 billion in 2025 and is expected to grow to USD 2.25 billion by 2031, with a CAGR of 25.6% from 2026 to 2031. Other projections indicate the global hardware wallet market reaching USD 2.55 billion by 2033 with a CAGR of 28.79%, and the cryptocurrency hardware wallet market reaching USD 4,767.2 million by 2035 with a CAGR of 21% from 2026 to 2035. The broader crypto cold storage wallets market was valued at USD 1634.5 million in 2024 and is expected to expand at a CAGR of 9.80% from 2024 to 2031. Quantum eMotion has also launched Qastle, a quantum-secured hot wallet, which targets a global crypto-wallet market valued at approximately USD 12.6 billion, projected to exceed USD 100 billion by 2033.

Quantum Cybersecurity Market

For its Sentry-Q (cloud-based quantum-secure cybersecurity solution for high-speed data transmission) and quantum-safe communication solutions, Quantum eMotion targets the burgeoning global quantum cybersecurity and quantum cryptography markets. The global Quantum Computing in Cybersecurity Market is projected to reach USD 1,995.3 million in 2025 and is expected to grow to USD 24,231.0 million by 2034, at a CAGR of 32.0%. Similarly, the global quantum cryptography market size was estimated at USD 992 million in 2025 and is forecasted to reach around USD 18,409.42 million by 2034, representing a CAGR of 38.34% from 2025 to 2034. Europe dominated the quantum cryptography market with the largest market share of 39% in 2024. Quantum eMotion also indicates that the projected market size for Post Quantum Cryptography (PQC) is USD 25.4 billion by 2031, with a 41.47% CAGR.

• Increasing Demand for Quantum-Safe Cybersecurity: The growing threat of quantum computing, often referred to as "Q-Day," is creating a critical need for new, quantum-safe encryption standards. Quantum eMotion's focus on developing and commercializing quantum-based cryptographic solutions, particularly its Quantum Random Number Generator (QRNG) technology, positions it to capitalize on the widespread adoption of quantum-safe cryptography across various sectors.
• Commercialization and Expansion of its Comprehensive Product Suite: The company is rolling out a broad portfolio of quantum-safe hardware and software solutions. This includes software offerings like Sentry-Q (quantum-safe encryption platform), eFlux-Q (cloud-based quantum entropy as a service), and the recently launched eShield-Q, a runtime cryptographic protection platform designed for AI, cloud, and enterprise security environments. On the hardware front, upcoming solutions like eCore-Q, eCMOS-Q, eSOC-Q, and eVault-Q are expected to further broaden its market appeal.
• Strategic Partnerships and Collaborations: Quantum eMotion is forging strategic alliances to integrate its technology into high-growth areas. Notable examples include a partnership with Jmem Technology for the development of a quantum-resilient System-on-Chip (SoC) targeting AI, cloud, financial, defense, and critical infrastructure systems, and an exclusive partnership with Krown Technologies to deploy QRNG2 quantum entropy across the global crypto ecosystem, including the Qastle quantum-secured hot wallet. These collaborations are expected to provide significant channels for deployment and royalty-based revenue.
• Growth of its Entropy-as-a-Service (EaaS) Model: Quantum eMotion's scalable, subscription-based "Entropy as a Service" framework, exemplified by its eFlux-Q offering, is designed to generate high-margin recurring revenue. This model provides quantum-derived security components to various markets where trust, randomness, and resilience are paramount.
• Expansion into High-Value Vertical Markets: The company is actively targeting significant revenue opportunities in sectors such as financial services, healthcare, blockchain applications, cloud-based IT security infrastructure, classified government networks, communications systems, and secure device keying for IoT, automotive, and consumer electronics. The company's uplisting to NYSE American in February 2026 also aims to expand its U.S. investor base and enhance visibility, which can facilitate broader market penetration.

Share Issuance

• Quantum eMotion saw significant shareholder dilution, with the total quantity of outstanding stock increasing by approximately one-third since 2024.
• In the first half of 2025, the company raised CAD 20.81 million through the issuance of new shares.
• During the nine months ending September 30, 2025, the exercise of 15.3 million warrants generated an additional $6.3 million in cash proceeds.

Inbound Investments

• Quantum eMotion received a $600,000 R&D grant as part of a wider collaboration with JMEM Tek, contributing to a total investment of over $2.5 million for the development of secure chip technologies.

Outbound Investments

• In September 2025, Quantum eMotion America, Inc. invested USD $400,000 in Krown Technologies via a convertible debenture to deepen their strategic collaboration in blockchain security.
• In April 2026, the company completed the acquisition of SKV Technology Inc., which includes potential earn-out payments of up to $7,000,000 and royalties of up to $15,000,000 over five years, with up to $5,500,000 of the earn-outs payable in cash, common shares, or both.

Capital Expenditures

• The company's core operational spending primarily focuses on research and development (R&D) and administrative costs, contributing to net losses.
• As of March 2026, Quantum eMotion spent less than a million dollars on R&D over the preceding 12 months.
• The company's cash balance of $24.7 million as of September 30, 2025, is allocated to invest in opportunities, increase R&D efforts, and support the transition to commercialization.