Scope Technologies Secures $1.5 Million for Enhanced Quantum Security App Development

In a significant development for the tech industry, Scope Technologies Corp. (CSE: SCPE, OTCQB: SCPCF, FSE: VN8), based in Vancouver, has announced that it will conduct a non-brokered private placement financing. This move aims to raise a total of $1.5 million through the issuance of 3,000,000 common shares priced at $0.50 each. The financing is expected to play a crucial role in accelerating the development of Scope’s QSE mobile application, which promises to enhance secure communication and file sharing.

Notably, a substantial portion of this offering, amounting to $1 million, is being invested by First Majestic Silver Corp., a strategic partner of Scope Technologies. The remaining funds will be dedicated to propelling the development of the QSE mobile app, which utilizes proprietary Entropy-as-a-Service technology to provide true round-trip encryption, designed to withstand potential quantum computing threats.

The necessity for advanced security solutions grows as quantum computing develops. Scope Technologies aims to address this demand with its QSE mobile app, which offers both businesses and individuals a means of secure communication that is not just relevant today but is also built to endure the challenges of the future.

Under the terms of the offering, the issued shares will be subjected to a four-month hold period, and Scope Technologies does not plan to pay finder’s fees. The company is keen on ensuring that the proceeds will go directly into solidifying its innovative presence in quantum security.

The QSE mobile app is designed to integrate seamlessly with the core QSE system, allowing for a streamlined way to send messages and share sensitive files within a secure and decentralized infrastructure. This offering aligns with the company’s vision of making enterprise-grade quantum resilience accessible beyond just large organizations, aiming to reach small and medium-sized businesses as well.

About Scope Technologies

Established in British Columbia, Scope Technologies Corp. stands at the forefront of technology innovation focused on quantum security and machine learning. Through its flagship brands, QSE Group and GEM AI, Scope provides state-of-the-art solutions encompassing data security, quantum encryption, and neural networks. The company's tech aims to empower businesses with secure and scalable solutions that drive efficiency and growth, underpinning its role in the rapidly evolving tech landscape.

For more details about their offerings and how QSE can safeguard your data against modern threats, potential users and interested parties can learn more at www.qse.group or contact them directly via email at [email protected].

As the tech world braces for the quantum era, initiatives like that of Scope Technologies not only highlight the potential for growth within the quantum security domain but also reinforce the important intersection of technology and security in today’s increasingly interconnected landscape. Stay tuned for more updates on this front as Scope Technologies continues its mission to revolutionize the landscape of secure communication.