Quantum eMotion Corp (TSX-V:QNC, OTCQB:QNCCF) said it has struck a commercial and technical agreement with Montreal-based health technology company Greybox Solutions.
Calling the agreement “broad,” Montreal-based Quantum (QeM) said that the partnership will enable Greybox's digital therapeutics product TakeCare to take advantage of QeM's Quantum-Safe cryptographic platform.
Greybox Solutions specializes in innovative software development to improve patient lives with digital transformation solutions to address healthcare system challenges and reduce the burden of managing chronic illnesses.
READ: Quantum eMotion debuts robust 'quantum-safe' messenger platform Sentry-Q
In a statement, QeM told shareholders that the agreement establishes QeM as Greybox's cybersecurity partner to help health professionals and patients manage their treatment plan at home to reduce hospital readmissions and improve health outcomes.
QeM CEO Francis Bellido told shareholders that the company is “thrilled” about the commercial partnership with Greybox.
“We are accelerating the integration of quantum-safe cybersecurity solutions like Sentry-Q into Greybox products and meet the necessary standards to comply with DIGA, MDR IIa, and CE regulatory processes,” Bellido said.
Greybox Solutions CEO Pierre Bérubé told investors that the firm’s goal is to improve health, reduce hospital readmissions and make better use of healthcare resources.
“The agreement with QeM will help us achieve these goals and accelerate many other partnerships,” Bérubé said.
The two companies are planning to activate prescription and reimbursement of the integrated product in Germany by the third quarter of 2023.
Digital Therapeutics – technology-driven solutions that provide evidence-based interventions for medical conditions – is a rapidly growing market segment due to the increasing adoption of virtual healthcare solutions amid the COVID-19 pandemic. The market is expected to reach nearly US$192 billion by 2026, growing at a compound annual growth rate of 18%, according to data provided by QeM.
QeM’s technology addresses the growing demand for affordable hardware security for connected devices. The patented solution for a Quantum Random Number Generator exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced security for protecting high value assets and critical systems.
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