Mr. Ted Carefoot reports

QUANTUM SECURE ENCRYPTION SECURES MAJOR FINANCIAL SERVICES PURCHASE ORDER IN MALAYSIA

Quantum Secure Encryption Corp. has secured a purchase order for its quantum preparedness assessment platform from the Malaysian operations of a leading global insurance and asset management group.

The purchase order represents Quantum Secure's first major financial service adoption of QPA and a significant enterprise validation milestone for the company's assessment-led go-to-market strategy. The customer operates in one of the world's most highly regulated industries, where cybersecurity, vendor risk, privacy, compliance and operational resilience requirements are subject to rigorous review.

Quantum Secure's QPA platform is designed to help organizations understand where their current encryption may be exposed to future quantum omputing risk. QPA helps an organization identify which systems, data and digital assets may need to be upgraded before quantum computers become powerful enough to weaken widely used encryption methods.

For financial service organizations, this issue is especially important. Insurance, banking, asset management and related institutions manage customer records, and identity information, policy data, claim files, payment records, investment data and compliance records that may need to remain confidential for many years. The risk is not only future cyberattacks. Sensitive encrypted data can be collected today and potentially decrypted later when more advanced quantum capabilities become available, a threat commonly referred to as harvest now, decrypt later.

QPA supports this readiness process by helping organizations build a structured view of cryptographic assets and dependencies, prioritize areas of risk, develop migration road maps, and provide reporting for security, risk, audit, compliance and executive stakeholders. The platform is designed as a practical first step for regulated enterprises that need to move from awareness to planning without immediately replacing core infrastructure.

"This purchase order is an important milestone for QSE because it demonstrates that our QPA platform is being adopted by the type of customer that faces some of the highest security and compliance expectations in the market," said Ted Carefoot, chief executive officer of Quantum Secure. "Large financial services organizations do not move forward with cybersecurity vendors unless there is a real operational need and a rigorous review process. We believe this adoption validates QPA as a practical entry point for enterprises that need to understand their quantum exposure, build a migration road map and prepare for the next generation of cybersecurity requirements."

The company believes the purchase order also strengthens Quantum Secure's commercial positioning in Malaysia and Southeast Asia. Malaysia's Cyber Security Act 2024 (Act 854) has introduced a stronger national framework for cybersecurity, including obligations connected to national critical information infrastructure, cyber threat and incident management, and regulated cybersecurity services. Banking and finance are one of Malaysia's identified critical information infrastructure sectors, alongside government, information and digital, health care, energy, and other essential sectors.

Globally, postquantum migration is moving from a technical discussion to an operational planning requirement. NIST has released its first finalized postquantum cryptography standards and has stated that organizations should begin migrating systems to quantum-resistant cryptography. Governments in other major markets, including the United States and Europe, have also moved toward formal transition timelines and planning requirements for public sector systems, critical infrastructure and other high-risk environments.

"QPA gives enterprises a lower friction way to start," added Mr. Carefoot. "It allows a board, executive team, security team or compliance function to see what needs to be addressed, what should be prioritized first and how a practical migration plan can be developed. That is why we believe assessment-led adoption can become a repeatable model across banks, insurers, asset managers, health care organizations, government entities and other regulated sectors."

Quantum Secure believes this engagement can serve as a repeatable model for additional opportunities across insurance, banking, asset management, fintech, public sector and other regulated industries where long-term data confidentiality and cryptographic resilience are becoming strategic priorities.

About Quantum Secure Encryption Corp.

Quantum Secure is a Canadian technology company specializing in postquantum data security, encryption and secure data infrastructure. Built around quantum-delivered entropy and zero-knowledge architecture, Quantum Secure's solutions help protect sensitive data from current cyber threats and future quantum-enabled attacks. Quantum Secure serves organizations across commercial, enterprise and public sector environments requiring long-term data confidentiality and resilience.

We seek Safe Harbor.