Quantum Numbers Corp Announces Third Party Valuation of its QRNG Technology by IQT Research Indicating an Upper Prediction Value of $3.435 Billion USD

(StreetInsider) Quantum Numbers Corp has announced it received a third-party valuation of the intellectual property that has been developed around its Quantum Random Number Generator (QRNG) technology.
QNC has developed the next generation of cryptographic QRNG solutions that is based on electron quantum tunnelling, a purely quantum effect that guarantees complete randomness. It also has the capacity to deliver >1 Gigabits per second (“Gbps”) of full-entropy random numbers and is versatile enough to be embedded in a portable USB-type key or a microprocessor chip. QNC has several core patents that have been registered in the Canada, USA and internationally.
With the arrival of its new CEO, QNC thought relevant to commission a valuation analysis of its technology portfolio by an independent, third party specialized research firm, Inside Quantum Technology (IQT). IQT firm performed an analysis of the uses of the technology, the sales it could achieve in its targeted end-markets and expected margins if QNC can complete its development plan successfully and the market adopts the QNC’s technology.
Using the Monte Carlo valuation calculation and based on technical information provided to it by the Company, IQT has estimated that QNC technology portfolio could be worth as much as approximately $2,5 billion USD as a mean value. This worth is derived from a range of values; the median prediction being $2,504 million USD, while the upper 95% prediction and lower 95% prediction were reported at $3,435 million USD and $1,580 million USD, respectively.
Using the Monte Carlo valuation calculation and based on technical information provided to it by the Company, IQT has estimated that QNC technology portfolio could be worth as much as approximately $2,5 billion USD as a mean value. This worth is derived from a range of values; the median prediction being $2,504 million USD, while the upper 95% prediction and lower 95% prediction were reported at $3,435 million USD and $1,580 million USD, respectively.
Francis Bellido, CEO, comments, “The Monte Carlo simulation technique is a powerful computerized valuation method that combines quantitative analysis and decision making to account for the uncertainty and complexity inherent in the valuation process. For QNC it is a great tool to assess the possible outcomes in modelling the intrinsic valuation of its technology. We are obviously very pleased with the results of the valuation analysis provided by IQT and it confirms the tremendous economic potential of our QRNG technology in addressing cybersecurity needs in several significant markets such as Medical Devices, Datacenters, Blockchain technologies, Financial Services, Cloud-Based IT Security Infrastructure, Gaming and Military.”
It is important to note that a third-party valuation is not an indication of interest by any party, nor does it represent an actual offer to purchase the intellectual property. As indicated in the report, the QRNG Technology is still under development, and no assurances can be given that such development will be successfully completed, that the technology will be brought to commercial realization or that the Company’s target markets will adopt this technology.