#Canada #Vancouver #Scope Technologies #Quantum Security #Ted Carefoot

Scope Technologies Announces Leadership Change

In a significant shift for the tech sector, Scope Technologies Corp. has appointed Ted Carefoot as its new Chief Executive Officer, effective immediately. Ted will succeed James Young, who will remain with the company in an advisory role. With over 20 years of extensive experience in software development, cybersecurity, artificial intelligence, and risk management, Carefoot's leadership is expected to propel the company into a new phase of growth and innovation.

Most recently serving as the Vice President of Product at Scope, Ted has established himself as a formidable force in the tech industry, having previously led critical projects at prominent companies such as Electronic Arts and Disney Online Studios Canada. His vast expertise includes developing large-scale security solutions and regulatory frameworks, which positions him ideally to lead Scope's advancements in quantum security technology.

James Young, the outgoing CEO, expressed confidence in Carefoot's abilities, stating, "As Scope Technologies enters its next phase of growth, we are committed to staying at the forefront of quantum security innovation and compliance. Ted’s leadership and deep expertise will guide us through these advancements as we strive to meet the increasing regulatory demands surrounding post-quantum cryptography standards."

With the rise of quantum computing, the stakes for data protection have never been higher. Businesses and government entities are now under immense pressure to safeguard their sensitive data against a new wave of threats. In response, Scope Technologies aims to deliver cutting-edge quantum-resilient encryption and security solutions tailored for both enterprise clients and government organizations.

Ted Carefoot remarked on his new role, saying, "I'm honored to step into this role at such a pivotal time. With quantum computing threats becoming a reality, it's imperative that businesses and governments act now to safeguard their data. I look forward to leading Scope's talented team as we help organizations future-proof their security infrastructure against these emerging threats."

In addition to this leadership change, the company announced that Sean Prescott has resigned from his position as a director but will continue his duties as Chief Technology Officer. Under the company's revamped leadership structure, Carefoot is set to steer Scope toward fulfilling its mission of providing top-tier quantum security solutions.

Furthermore, Scope Technologies has initiated a grant of stock options totaling 950,000 shares at an exercise price of $0.385 each, valid for five years. Additionally, Ted will receive 1,500,000 restricted share units moderated by a specific vesting schedule over the next three years.

Headquartered in Vancouver, British Columbia, Scope Technologies Corp. is recognized for its innovative approach to quantum security and machine learning. Through its flagship brands, QSE Group and GEM AI, the company empowers businesses with technologies that ensure secure and scalable data solutions.

In a rapidly evolving technological landscape, the appointment of Ted Carefoot marks a strategic move for Scope Technologies. As they prepare to embrace the challenges and opportunities posed by quantum computing and advanced cybersecurity needs, the company is keenly focused on setting new standards and achieving operational efficiencies in the sector.

For more details on Scope's quantum security offerings, visit QSE Group or contact their media relations team.