Mr. Andrew Cheung reports

01 QUANTUM INC. ANNOUNCES APPOINTMENT OF NEW CFO

01 Quantum Inc. has appointed Jeffrey Kilborn as chief financial officer. Mr. Kilborn brings extensive capital markets experience supporting public company reporting, governance and investor communication. He was most recently the CFO and vice-president, corporate development, at Atlas Salt Inc. (TSX Venture Exchange: SALT), which raised over $25-million of capital during his tenure. In his role as CFO, he will oversee financial reporting and serve as the company's primary interface with capital markets as 01 Quantum advances commercialization of its postquantum cryptography (PQC) technologies. Mr. Kilborn replaces Brian Stringer, who is retiring from his role as CFO and will remain with the company in an advisory capacity.

Executive commentary

Andrew Cheung, founder and chief executive officer, stated: "Jeff is joining 01 Quantum at an important point in the company's evolution. His combination of public company leadership, capital markets experience and corporate development expertise makes him an excellent addition to our executive team. As we continue to build our postquantum cybersecurity business and pursue new opportunities, Jeff's experience will be instrumental in supporting our growth and strengthening our engagement with the capital markets. I want to thank Brian for his incredibly dedicated service as CFO and for continuing to support the company in an advisory capacity during this transition. With our expanded business development bench and new partnerships with system integrators, we are positioned to accelerate adoption across enterprise customers and governments, including defence organizations, where AI security and PQC are becoming mission-critical priorities. The demand for quantum-safe security is rising quickly, and I believe our team is ready to lead that shift."

William Train, chairman of the board of directors, added: "On behalf of the board, I would like to thank Brian for his years of dedicated service to 01 Quantum. Brian has been a trusted member of our leadership team and has made significant contributions to the company throughout his tenure. His professionalism, commitment and deep knowledge of the company have been greatly valued by the board and management team. We wish Brian all the very best as he begins this next chapter."

Mr. Stringer stated: "I am incredibly proud of what we have accomplished and of the company we have built. It has been a privilege to work alongside Andrew, the board and the entire 01 Quantum team. As I prepare for retirement, I believe 01 Quantum is entering one of the most exciting periods in its history, with significant opportunities ahead in postquantum cybersecurity and AI. I am very pleased to welcome Jeff as my successor and am confident that his experience and leadership will serve the company well as it enters its next phase of growth."

Grant of stock options

The company's board of directors approved the grant of 400,000 stock options to an executive to purchase up to 400,000 common shares at an exercise price of 47 cents per share. The options were granted on Sept. 11, 2026, pursuant to the terms of the company's stock option plan. The options have a term of four years expiring on Sept. 11, 2030, and vest in four equal tranches of 100,000 on March 11, 2027, Sept. 11, 2027, March 11, 2028, and Sept. 11, 2028.

Market outlook

01 Quantum continues to advance its mission of delivering quantum-safe cybersecurity solutions that help organizations prepare for the coming transition in global security standards. According to Emergen Research, a market research and strategic consulting partner, the global postquantum cryptography market was valued at $310-million (U.S.) in 2024 and is projected to reach $2.89-billion (U.S.) by 2034, representing a 25.1-per-cent compound annual growth rate (CAGR) (Emergen Research, Post-Quantum Cryptography Market Report). With a strengthened leadership team, expanded commercial partnerships and accelerating demand for PQC technologies, the company is positioned to execute on its strategy and support customers navigating the shift to quantum-safe infrastructure.

About 01 Quantum Inc.

01 Quantum, formerly 01 Communique Laboratory Inc., is known for its innovative work in postquantum cryptography (PQC), developing technologies designed to protect digital systems against emerging quantum computing threats. The company's IronCAP and supporting technologies are integrated into its PQC solutions, enabling applications across security sensitive environments including digital assets, AI (artificial intelligence) systems, e-mail security and enterprise infrastructure. IronCAP technologies are patent protected in the United States by patents No. 11,271,715 and No. 11,669,833.

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