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Quantum eMotion Joins the Hudson Institute in Washington, DC at the Presentation of its New Report on the Quantum Threat to the U.S. Financial System

Montreal, Quebec--(Newsfile Corp. - May 19, 2023) - Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) ("QeM" or the "Company") today announces its participation at the launch by the Hudson Institute's Quantum Alliance Initiative (QAI) of its new report on the Quantum threat to the U.S. Financial system.

The report highlights the potentially devastating consequences of a future quantum computer attack on the US financial system. It emphasizes the need for the Federal Reserve to take the quantum threat seriously, like the steps taken by the White House and federal government in their Zero-Trust Cybersecurity strategy.

The report indicates that a cascading quantum attack on major banks, the Federal Reserve, or stock exchanges could have calamitous effects on the US and global economy, possibly worse than the Great Depression. Quantum computers have the potential to decrypt public-key encryption, which is widely used in banking and other critical systems.

The report warns that the threat is undetectable and could persist for days or weeks, causing bank runs and significant financial failures. The estimated cost of a single quantum attack on a major US financial institution targeting the Fedwire Funds Service payment system ranges from $730 billion to $1.95 trillion. The overall impact of a quantum hack and its cascading effects could result in a decline in annual real GDP by 10% to 17%, leading to a six-month recession and indirect losses of $2 to $3.3 trillion. To address this threat, the report recommends adopting post-quantum cryptography standards, convening a Quantum Security Summit involving major banks, setting a deadline for all Federal Reserve banks to be quantum secure, and establishing a quantum security task force at the Fed. It emphasizes the urgency of taking action today to mitigate the risk posed by future quantum computers to the financial sector.

The report "Prosperity at Risk: The Quantum Computer Threat to the U.S. Financial System" can be downloaded at the following link: https://www.hudson.org/technology/prosperity-risk-quantum-computer-threat-us-financial-system

As a prominent U.S. think tank that has been influential in shaping public discourse and policy debates, the Hudson Institute has identified quantum computing and quantum cybersecurity as critical and strategic technologies with inevitable impact on national security and on the economy. Consistently, the creation of QAI helped to foster more urgency among the cybersecurity industry to establish necessary global standards for securing quantum communication.

Francis Bellido, CEO of Quantum eMotion, commented, "We are honored to have joined the Quantum Alliance and actively participating in its initiatives. In a few years QAI has developed itself in an international consortium of companies, government institutions, and universities with the mission to raise awareness and develop policies for the benefit of the Western world quantum ecosystem."

He added: "We believe our quantum-secure Sentry-Q communication platform and our Quantum-protected Blockchain wallet can play a significant role in controlling the threats facing traditional Financial Systems and new blockchain-based approaches used by Decentralized Finance (DeFi)."

About QeM

The Company's mission is to address 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.

The Company intends to target the highly valued Healthcare Services industry while ensuring its technology is also relevant and applicable to others, such as Financial Services, Cloud-Based IT Security Infrastructure, Classified Government Networks and Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics) and Quantum Cryptography.

For further information, please contact:

Francis Bellido, Chief Executive OfficerEmail: info@quantumemotion.comWebsite: http://www.quantumemotion.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Corporation's periodic reports including the annual report or in the filings made by Quantum from time to time with securities regulatory authorities.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/166731

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Quantum eMotion Joins the Hudson Institute in Washington, DC at ... - InvestorsObserver

HAMBURG, Germany, May 19, 2023 Research requires persistence, and the contribution of early and middle-career researchers to expanding the frontiers of high performance computing and related domains can sometimes be overlooked. The ISC Conference Series celebrates individual and collective research accomplishments with several awards to recognize the important work.

We hope you will attend the following sessions to honor the following researchers contributions to our community.

Jack Dongarra Early Career Award and Lecture SeriesMonday, May 22, 11:25 am to 12 pm (Hall Z)

The inaugural Jack Dongarra Award winner isDr. Torsten Hoefler, an associate professor at ETH Zurich, Switzerland. This award acknowledges Hoeflers significant contributions to converging HPC and AI. His research focuses on performance-centric system design, which includes scalable networks, parallel programming techniques, and performance modeling for large-scale simulations and AI systems. He is invited to lecture onInheriting Excellence: High-Performance Computing at a Crossroads.This award includes prize moneyof 5,000 euros, whichProfessor Jack Dongarrahimself will present.

Hans Meuer Award SessionMonday, May 22, 2:50 pm to 3:30 pm (Hall 4)

This award recognizes the most outstanding research paper submitted to the research paper committee. This years winning paper isExpression Isolation of Compiler-Induced Numerical Inconsistencies in Heterogeneous Code.This paper was authored byDolores Miao, a computer science Ph.D. student at UC Davis, California,Dr. Ignacio Laguna, a computer scientist at the Center for Applied Scientific Computing (CASC) at the Lawrence Livermore National Laboratory, andDr. Cindy Rubio-Gonzlez, assistant professor at the Department of Computer Science at UC Davis.The winners receivea cash prize of 3,000 Euros and an award certificate.

Twenty-one acceptedpapers will be presented from Monday, May 22, to Wednesday, May 24. All accepted ISC 2023 research papers are published in Springers Lecture Notes in Computer Science (LNCS) series and can bedownloaded for freeuntil June 15.[nbsp]

ISC Research Poster Award SessionTuesday, May 23, 2:30 pm to 3:30 pm (Hall G1 2nd Floor), followed by a meet and greetResearch Poster Receptionfrom3:30 pm to 5:30 pm (Foyer D-G 2nd Floor).

This year, three posters are nominated for the ISC 2023 Research Poster Award, sponsored by Springer, the international publisher specializing in science, technology, and medicine. This award recognizes three outstanding research posters selected by members of the posters committee. The winners will be chosen followinga poster pitch. The research poster award includes a cash prize of 500 Euros (first place), 300 Euros (second place), and 200 Euros (third place).

The nominated posters are:

Online Display

All acceptedresearch postersare currently published online. The online displays include theISC Project Postersand theWomen in HPCPosters.

We hope to see you at these sessions to acknowledge the award recipients work.

Join ISC High Performance 2023 and Imagine Tomorrow

ISC 2023 will be held at the Congress Center Hamburg from May 21 25. Join the HPC community of attendees, speakers, and exhibitors. The exhibition will showcase the latest advancements in HPC, encompassing all the key developments in system design, applications, programming models, machine learning, quantum computing, and emerging technologies.

First held in 1986, ISC High Performance distinguishes itself as the worlds oldest and Europes most significant forum for the HPC and related domains.https://www.isc-hpc.com/

Source: ISC Communications Team

Link:
Recognizing Research Excellence and Accomplishments at ISC 2023 - HPCwire

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Imagine using your cellphone to control the activity of your own cells to treat injuries and disease. It sounds like something from the imagination of an overly optimistic science fiction writer. But this may one day be a possibility through the emerging field of quantum biology.

Over the past few decades, scientists have made incredible progress in understanding and manipulating biological systems at increasingly small scales, from protein folding to genetic engineering. And yet, the extent to which quantum effects influence living systems remains barely understood.

Quantum effects are phenomena that occur between atoms and molecules that can't be explained by classical physics. It has been known for more than a century that the rules of classical mechanics, like Newton's laws of motion, break down at atomic scales. Instead, tiny objects behave according to a different set of laws known as quantum mechanics.

For humans, who can only perceive the macroscopic world, or what's visible to the naked eye, quantum mechanics can seem counterintuitive and somewhat magical. Things you might not expect happen in the quantum world, like electrons "tunneling" through tiny energy barriers and appearing on the other side unscathed, or being in two different places at the same time in a phenomenon called superposition. Quantum mechanics describes the properties of atoms and molecules.

I am trained as a quantum engineer. Research in quantum mechanics is usually geared toward technology. However, and somewhat surprisingly, there is increasing evidence that naturean engineer with billions of years of practicehas learned how to use quantum mechanics to function optimally. If this is indeed true, it means that our understanding of biology is radically incomplete. It also means that we could possibly control physiological processes by using the quantum properties of biological matter.

Researchers can manipulate quantum phenomena to build better technology. In fact, you already live in a quantum-powered world: from laser pointers to GPS, magnetic resonance imaging and the transistors in your computerall these technologies rely on quantum effects.

In general, quantum effects only manifest at very small length and mass scales, or when temperatures approach absolute zero. This is because quantum objects like atoms and molecules lose their "quantumness" when they uncontrollably interact with each other and their environment. In other words, a macroscopic collection of quantum objects is better described by the laws of classical mechanics. Everything that starts quantum dies classical. For example, an electron can be manipulated to be in two places at the same time, but it will end up in only one place after a short whileexactly what would be expected classically. Electrons can be in two places at the same time, but will end up in one location eventually.

In a complicated, noisy biological system, it is thus expected that most quantum effects will rapidly disappear, washed out in what the physicist Erwin Schrdinger called the "warm, wet environment of the cell." To most physicists, the fact that the living world operates at elevated temperatures and in complex environments implies that biology can be adequately and fully described by classical physics: no funky barrier crossing, no being in multiple locations simultaneously.

Chemists, however, have for a long time begged to differ. Research on basic chemical reactions at room temperature unambiguously shows that processes occurring within biomolecules like proteins and genetic material are the result of quantum effects. Importantly, such nanoscopic, short-lived quantum effects are consistent with driving some macroscopic physiological processes that biologists have measured in living cells and organisms. Research suggests that quantum effects influence biological functions, including regulating enzyme activity, sensing magnetic fields, cell metabolism and electron transport in biomolecules.

The tantalizing possibility that subtle quantum effects can tweak biological processes presents both an exciting frontier and a challenge to scientists. Studying quantum mechanical effects in biology requires tools that can measure the short time scales, small length scales and subtle differences in quantum states that give rise to physiological changesall integrated within a traditional wet lab environment. Birds use quantum effects in navigation.

In my work, I build instruments to study and control the quantum properties of small things like electrons. In the same way that electrons have mass and charge, they also have a quantum property called spin. Spin defines how the electrons interact with a magnetic field, in the same way that charge defines how electrons interact with an electric field. The quantum experiments I have been building since graduate school, and now in my own lab, aim to apply tailored magnetic fields to change the spins of particular electrons.

Research has demonstrated that many physiological processes are influenced by weak magnetic fields. These processes include stem cell development and maturation, cell proliferation rates, genetic material repair and countless others. These physiological responses to magnetic fields are consistent with chemical reactions that depend on the spin of particular electrons within molecules. Applying a weak magnetic field to change electron spins can thus effectively control a chemical reaction's final products, with important physiological consequences.

Currently, a lack of understanding of how such processes work at the nanoscale level prevents researchers from determining exactly what strength and frequency of magnetic fields cause specific chemical reactions in cells. Current cellphone, wearable and miniaturization technologies are already sufficient to produce tailored, weak magnetic fields that change physiology, both for good and for bad. The missing piece of the puzzle is, hence, a "deterministic codebook" of how to map quantum causes to physiological outcomes.

In the future, fine-tuning nature's quantum properties could enable researchers to develop therapeutic devices that are noninvasive, remotely controlled and accessible with a mobile phone. Electromagnetic treatments could potentially be used to prevent and treat disease, such as brain tumors, as well as in biomanufacturing, such as increasing lab-grown meat production.

Quantum biology is one of the most interdisciplinary fields to ever emerge. How do you build community and train scientists to work in this area?

Since the pandemic, my lab at the University of California, Los Angeles and the University of Surrey's Quantum Biology Doctoral Training Centre have organized Big Quantum Biology meetings to provide an informal weekly forum for researchers to meet and share their expertise in fields like mainstream quantum physics, biophysics, medicine, chemistry and biology.

Research with potentially transformative implications for biology, medicine and the physical sciences will require working within an equally transformative model of collaboration. Working in one unified lab would allow scientists from disciplines that take very different approaches to research to conduct experiments that meet the breadth of quantum biology from the quantum to the molecular, the cellular and the organismal.

The existence of quantum biology as a discipline implies that traditional understanding of life processes is incomplete. Further research will lead to new insights into the age-old question of what life is, how it can be controlled and how to learn with nature to build better quantum technologies.

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Quantum physics proposes a new way to study biologythe results could revolutionize our understanding of how life works - Phys.org

Just as quantum computers are a complex subject, so too are the defences being created to counter them. But David Williams of Arqit says theres no need to feel intimidated.

You dont need to worry about how it works, he says. Most people cant explain how a silicon chip works, they just accept that the ones in their phones and computers work.

There are several potential solutions being proposed by rival scientists, cryptographers and tech entrepreneurs. One is quantum key distribution, commonly called QKD.

Tim Spiller is researching this technology at the University of York as a member of the UKs Quantum Communications Hub, a network that unites academics with telecoms industry partners such as BT and Toshiba.

QKD relies on quantum mechanics to detect if anyone is spying on a message youre sending. If someone intercepts it and has a cheeky look, you can find out that theyve done that, because they cant avoid disturbing the quantum signals, explains Spiller. That disturbance is built into nature, its not something that people can get around in the future They will never be able to overcome that.

If we know that it hasnt been intercepted, then a mechanism can set up shared keys for encryption with a promise that no one else knows that shared key.

But there are major downsides to QKD. It still relies on some form of cryptography, which could still be cracked. It can detect an eavesdropper but it cant stop them. Plus, it will require substantial new hardware to be installed everywhere, admits Spiller. Thats going to be a lot of work and cost a lot of money. He and his team are trying to create QKD networks that dont need new bits of machinery, but he admits this idea remains far from realisation.

Some industry sources worry that too much public money is being invested in this technology despite the NCSC saying it does not endorse QKD for any government or military applications.

Instead, officials on both sides of the Atlantic publicly back post-quantum cryptography. This relies on developing algorithms so advanced that even a quantum computer cant break them, to create genuinely impregnable internet security.

Can you come up with new maths that isnt vulnerable? That is a very important question, says Spiller. People are coming up with new algorithms There are good reasons for thinking these may well be immune to a quantum computer attack but you cant prove that people wont come up with something clever in future and break them.

In 2016, the US National Institute of Standards and Technology (NIST) announced a competition. It appealed for cryptographers around the world to develop new algorithms, in the hope that at least one of them would turn out to be quantum-proof while still resistant against old-fashioned hackers on conventional computers.

In all, 82 were submitted. By last year, just a handful were left. Even at this stage, however, some contenders turned out to be flawed. One entry, SIKE, was cracked in a single hour by a conventional computer. But a US-developed algorithm, Kyber, has now been approved for use by NIST.

Post-Quantum have been working on another finalist, Classic McEliece, together with the US computer scientist Professor Daniel Bernstein. The teams creation has already been endorsed by the German and Dutch authorities and they are highly confident it will also be selected by NIST after further assessment.

The algorithm has been proven to be the most secure in the world, claims Andersen Cheng. We did a lot of deep tech, when the whole world was laughing at us, but we persisted Were very proud. It is built on an algorithm that has existed since the 70s yet has never been cracked and has now been strengthened even more, he explains.

The British-based team have also created a quantum-safe virtual private network (VPN) which has been tested by Nato. It is now endorsed as an industry standard for other VPN developers to use.

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The race to protect us from a computer that can break any password - inews