Latest news with #Carefoot
Cision Canada
26-06-2025
- Business
- Cision Canada
Geopolitics, Quantum Risk, and AI Attacks: Why Cybersecurity Is Being Rewritten
Issued on behalf of Scope Technologies Corp. VANCOUVER, BC, June 26, 2025 /CNW/ -- USA News Group News Commentary – As global tensions escalate, cybersecurity experts are sounding alarms over a wave of increasingly sophisticated digital threats. U.S. officials have flagged Iran as a rising source of hostile cyber activity, echoing broader concerns from the Department of Homeland Security. Meanwhile, real-world attacks continue to mount—including the recent breach of Glasgow City Council in Scotland and coordinated hits on major U.S. insurers like Aflac. Adding to the urgency, the U.S. Government Accountability Office (GAO) has released a report titled Quantum Computing: Leadership Needed to Coordinate Cyber Threat Mitigation Strategy, warning that quantum technology in the wrong hands could dismantle today's encryption standards. In response, tech innovators are pushing forward with new security architectures, with recent moves from Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), Zscaler, Inc. (NASDAQ: ZS), Commvault Systems, Inc. (NASDAQ: CVLT), Kyndryl Holdings, Inc. (NYSE: KD), and CyberCatch Holdings, Inc. (TSXV: CYBE) (OTCQB: CYBHF). Analysts at Grand View Research forecast the post-quantum cryptography market to grow at a 37.6% annual rate through 2030, while Research and Markets expects it to climb even faster, projecting a CAGR of 41.47% and a total market size of US$17.69 billion by the end of the decade. As adoption accelerates, the shift is already opening new entry points for retail investors. Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) has been invited to present at DEF CON 33's Quantum Village this August in Las Vegas—an announcement that places the company in rare company among post-quantum security innovators. The session, titled "Quantum Malware: The Emerging Threat Landscape of Post-Quantum Cryptographic Exploits," will be delivered by newly appointed CEO Ted Carefoot, and will explore how quantum algorithms like Shor's and Grover's are enabling the next generation of malware. Topics include real-time session hijacking, Grover-powered brute-force password cracking, AI model poisoning, and crypto wallet keybreaking—all reimagined through the lens of quantum computing. "This isn't theoretical anymore," said Carefoot. "Quantum-powered adversaries will soon be able to bypass encryption, hijack sessions, and poison AI classifiers at a pace defenders have never seen. Our goal at DEFCON is to help the security community understand these risks and how they may impact their current cryptographic systems" The DEF CON announcement follows Carefoot's recent elevation to CEO, after previously serving as Scope's VP of Product. With past cybersecurity leadership roles at Electronic Arts and Disney Online Studios, and certifications in Governance, Risk & Compliance (GRC), Integrated Data Privacy, and RMF implementation, Carefoot brings deep technical credibility to the company's next phase. The company's flagship platform, QSE (Quantum Security Entropy), combines decentralized encrypted cloud storage with true quantum entropy generation, providing a scalable defense against modern and next-generation threats. QSE features include round-trip encryption, zero-trust architecture, HIPAA-aligned compliance, and no metadata retention—designed specifically to neutralize the "harvest now, decrypt later" risk increasingly flagged by industry experts and government agencies. Internal benchmarks indicate that QSE can handle millions of encrypted messages per second, combining the scale of high-volume platforms with end-to-end quantum-resistant encryption. Earlier this year, Scope completed significant upgrades to the QSE platform to improve performance, redundancy, and cross-platform load balancing. A brand and interface relaunch for QSE Group followed shortly after, making the platform more accessible to enterprise clients and white-label partners through tools like the Quantum Preparedness Assessment (QPA). The upcoming QSE Mobile App will bring the platform's core encryption and secure messaging features to iOS and Android, including support for regulated verticals like healthcare, legal, and financial services. Scope's growing ecosystem also includes international collaborations. The company recently joined forces with World Cyber Health (WCH), the global nonprofit behind Malware Village, to contribute QSE expertise to public and private sector readiness efforts. The company has also expanded its enterprise distribution reach, including reseller agreements with Asia-Pacific distributor COGITO and Swedish Microsoft partner Coegi Cloud AB —together opening access to more than 40,000 institutional users. On the capital side, Scope completed a $2.8 million raise earlier this year, backed in part by First Majestic Silver Corp., a former pilot customer that has since become a strategic investor. The second tranche closed in April and will fund client onboarding, mobile development, and continued scaling of the company's infrastructure and partner channels. With analysts projecting post-quantum cryptography to become a multi-billion-dollar market before 2030, Scope's early positioning as a purpose-built, quantum-resilient platform is drawing increasing attention. Its invitation to DEF CON's Quantum Village isn't just a validation of technical leadership—it's a signal that the broader security community is beginning to prioritize the very challenges QSE was designed to solve. In other industry developments and happenings in the market include: Zscaler, Inc. (NASDAQ: ZS) has rolled out a new suite of AI-powered cybersecurity enhancements, including real-time data protection, AI-powered phishing defenses, and advanced threat detection. " Zscaler is redesigning the boundaries of enterprise security by advancing AI-driven innovations that address the complex challenges of today's digital age," said Adam Geller, Chief Product Officer, Zscaler. "With industry-first capabilities like AI-driven threat detection and automated segmentation, we empower organizations to adopt and scale AI responsibly and securely. These advancements not only neutralize emerging threats but accelerate collaboration and operational efficiency, allowing businesses to capitalize on the transformative power of AI with confidence and precision." The company's new platform features include ZDX Copilot for performance diagnostics and Data Protection Copilot for rapid remediation across SaaS, IaaS, and PaaS environments. These upgrades are designed to help enterprises secure sensitive data and scale safely as they adopt generative AI tools. Commvault Systems, Inc. (NASDAQ: CVLT) and Kyndryl Holdings, Inc. (NYSE: KD) have partnered to strengthen enterprise cyber resilience and incident recovery, with added support from Pure Storage. "Cyber preparedness is no longer regarded as optional for global organizations; it is mandatory," said Allen Downs, Vice President of Security and Resiliency Services at Kyndryl. "Through this collaboration with Commvault and Pure Storage, we are further positioned to assist some of the world's most esteemed organizations in completely redefining their data protection strategies." The collaboration is designed to help clients meet growing regulatory demands like DORA, NIS2, and NYDFS 500, while accelerating recovery from major disruptions. Their joint offering includes a layered architecture for backup immutability, clean recovery zones, and rapid data restoration across hybrid cloud environments. "Our partnership with Kyndryl is built to address the biggest challenges facing the enterprise today, such as the persistent threat of cyberattacks, including ransomware, and the increasing complexity of managing massive data growth across multi-cloud environments," said Alan Atkinson, Chief Partner Officer at Commvault. "When combined with the innovative Pure Storage platform, the three companies are together helping organizations stay resilient and prepared to act decisively in the face of disruption." Together, the three firms aim to redefine modern data protection strategies for mission-critical systems. CyberCatch Holdings, Inc. (TSXV: CYBE) (OTCQB: CYBHF) has joined the NVIDIA Inception Program, placing it among an elite group of startups leveraging AI to push the boundaries of cybersecurity innovation. " CyberCatch is honored to have been selected by NVIDIA to become an NVIDIA Inception Program member," said Sai Huda, CEO, CyberCatch. "We are excited to work with NVIDIA to further innovate our unique, patented, AI-enabled continuous cyber risk mitigation solution to move from using generative AI to using agentic AI and quantum computing, and also rapidly develop new world-class solutions to take advantage of emerging opportunities in select vertical markets and accelerate business growth." Through this membership, the company gains exclusive access to NVIDIA's ecosystem of tools, infrastructure, and investor connections. CyberCatch plans to advance its patented AI-enabled platform beyond generative AI, exploring agentic and quantum-powered enhancements. This milestone aligns with the company's strategy to target high-risk verticals with next-generation cyber risk solutions. CONTACT: USA NEWS GROUP [email protected] (604) 265-2873 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Scope Technologies Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares Scope Technologies Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Scope Technologies Corp. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Scope Technologies Corp. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Cision Canada
26-06-2025
- Business
- Cision Canada
Scope Technologies to Present: 'Post-Quantum Threats' at DEF CON 33
VANCOUVER, BC, June 26, 2025 /CNW/ -- Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope Technologies" or the "Company") in partnership with Malware Village, today announce s they will present at DEF CON 33 this August in Las Vegas. The Company's CTO Sean Prescott, and CEO Ted Carefoot, will deliver a featured session revealing how quantum computing is fueling the next generation of cyberattacks through malware enhanced by quantum algorithms. The talk, titled 'Quantum Malware: The Emerging Threat of Post-Quantum Cryptographic Exploits,' will examine how quantum breakthroughs—such as Shor's and Grover's algorithms —are shifting the balance of power in cybersecurity. Topics will include session hijacking, password-cracking malware, AI poisoning, and smart contract exploitation, all reimagined through a quantum lens. "This isn't just theoretical anymore," said Ted Carefoot, CEO of Scope Technologies. "Quantum-powered adversaries in the near future will be able to bypass encryption, hijack sessions, and poison AI classifiers at a pace defenders have never seen. Our goal at DEF CON is to assist the security community understand these risks, and how they may impact their current cryptographic systems." Prescott, Founder & Creator of Scope QSE resilient technology, has an extensive history of developing technology from real-time end-to-end communication encryption frameworks to high-performance/high-security order routing systems. Carefoot, a Governance, Risk Management, and Compliance Professional (GRCP), brings deep domain experience to this conversation. Under Carefoot's leadership, Scope is urging organizations across all industries to begin preparing for post-quantum cryptographic (PQC) threats —emphasizing that awareness and proactive defense are critical before these tools become mainstream in adversarial hands. Session Highlights Will Include: Harvest Now, Decrypt Later (HNDL): Quantum-persistent malware storing encrypted data for future decryption. Quantum Man-in-the-Middle Attacks: Real-time session hijacking as TLS/VPN tunnels are broken. Quantum Brute-Force Malware: Grover-powered password crackers that drastically reduce breach timeframes. AI Model Poisoning: Quantum-enhanced malware altering training data to evade AI security tools. Smart Contract and Wallet Hijacking: ECDSA keybreaking enabling crypto theft and blockchain manipulation. Defensive Recommendations: Tips for SOCs, AV vendors, and red teams to detect emerging quantum exploit kits. Hosted annually in Las Vegas, DEF CON is one of the world's largest and most respected hacker conferences, attracting public-sector leaders and cybersecurity professionals from around the globe. The event is a dedicated venue for exploring how current and emerging quantum technologies will impact digital infrastructure, privacy, and threat models. Scope's participation reinforces its commitment to driving the conversation—and the innovation—around quantum-resilient infrastructure. Its flagship platform, QSE, combines decentralized encrypted cloud storage with true quantum entropy generation, designed to help organizations safeguard their data now and into the future. For more information on how QSE's quantum security solutions visit or contact [email protected] About Scope Technologies Corp Headquartered in Vancouver, British Columbia, Scope Technologies Corp is a pioneering technology company specializing in quantum security and machine learning. Through its flagship brands, QSE Group and GEM AI, Scope provides next-generation solutions in data security, quantum encryption, and neural networks, empowering businesses with secure, scalable technologies that drive growth and operational efficiency. LinkedIn: scope-technologies-corp Facebook: Scope Technologies Corp Twitter: @ScopeTechCorp Contact Information: Ted Carefoot CEO, Scope Technologies Corp. Email: [email protected] Website: Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, and more specifically, the use of proceeds of the Offering. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company's latest management discussion and analysis, a copy of which is available under the Company's profile on SEDAR at While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company's business. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.
Cision Canada
05-06-2025
- Business
- Cision Canada
Encryption May Soon Be Worthless. The Race to Replace It Is Creating a New Investment Boom
VANCOUVER, BC, June 5, 2025 /CNW/ -- Equity Insider News Commentary – A breakthrough in quantum computing has just collapsed the timeline for breaking encryption. According to a new report in NewScientist, quantum computers may soon be able to crack RSA — the backbone of most modern encryption — in just 8 hours using 1 million qubits. That's a staggering leap from earlier estimates of 20 million qubits, and it's prompting experts to warn that a quantum-cryptography reckoning could be closer than anyone thought. Analysts at Grand View Research expect the post-quantum cryptography market to grow at 37.6% annually through 2030, while Research and Markets projects an even steeper CAGR of 41.47%, hitting US$17.69 billion by decade's end. For retail investors, the shift is already creating new entry points, with recent developments from innovators including Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), Palo Alto Networks, Inc. (NASDAQ: PANW), WISeKey International Holding AG (NASDAQ: WKEY), SEALSQ Corp (NASDAQ: LAES), and Check Point Software Technologies Ltd. (NASDAQ: CHKP). The global cybersecurity market is on track to hit US$562.7 billion by 2032, growing at a 14.3% annual clip, according to Fortune Business Insights. In healthcare alone, cybersecurity is expanding even faster, with Medi-Tech Insights projecting 18% CAGR across the sector. Fortune Business Insights expects the broader global cybersecurity sector to top US$562.7 billion by 2032, expanding at a 14.3% CAGR. Within the healthcare sector, cyber security is growing even faster (18%) — according to Medi-Tech Insights. Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) today announced a major leadership transition, appointing Ted Carefoot as its new Chief Executive Officer. Carefoot, who previously served as Scope's VP of Product, brings over two decades of experience in cybersecurity, AI, and regulatory frameworks, including executive roles at Electronic Arts and Disney Online Studios Canada. "Ted's leadership, industry experience, and deep expertise in risk management and regulatory standards make him the ideal person to guide Scope into this future," said former CEO James Young, who will remain with Scope in an advisory role, praising the transition. "I have full confidence in his ability to scale the company and deliver on our mission." Carefoot is certified in Governance, Risk & Compliance (GRC), Integrated Data Privacy, and Risk Management Framework (RMF) implementation—credentials that position him well to lead Scope's next phase of quantum-security growth. "I'm honored to step into this role at such a pivotal time," said Carefoot. "With quantum computing threats becoming a reality, businesses and governments must 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." Scope Technologies is the developer of QSE (Quantum Security Entropy), a decentralized cloud platform built to withstand both current and next-generation cybersecurity threats. QSE uses quantum-resilient encryption, zero-trust architecture, round-trip encryption, and entropy-based randomness to protect communications and files from interception, tampering, or post-quantum decryption attempts. Internal benchmarks indicate that QSE can handle millions of encrypted messages per second, combining the scale of high-volume platforms with end-to-end quantum-resistant encryption. Unlike legacy cybersecurity platforms retrofitted for modern threats, QSE was designed from the ground up to address tomorrow's vulnerabilities—particularly the "harvest now, decrypt later" risk posed by emerging quantum computers. The platform offers both enterprise-grade features and user-friendly tools for retail adoption, including encrypted file storage, HIPAA-aligned compliance, and secure messaging. Scope has steadily advanced QSE's capabilities. In Q1 2025, the company implemented major upgrades to boost platform redundancy, performance, and load capacity—supporting rising demand from institutional and private users. A full website and brand relaunch for QSE Group followed shortly after, streamlining the interface, clarifying access points, and integrating tools like the Quantum Preparedness Assessment (QPA). A mobile app is currently in development, designed to extend QSE's quantum-resilient messaging and file-sharing features to regulated industries including healthcare, legal, and finance. The app will feature full round-trip encryption and white-label options for partners seeking to offer their clients next-gen privacy tools without exposing metadata, activity logs, or third-party surveillance points. "We believe the future of digital communication demands more than just end-to-end encryption—it requires an entirely new paradigm of security and autonomy," said Sean Prescott, Founder and CTO of Scope Technologies. "Our mobile app will empower clients to offer a trusted digital experience to their employees and customers. This is a major step toward a truly decentralized and quantum-resilient future." Scope has also joined forces with World Cyber Health (WCH), the global nonprofit behind Malware Village, to promote international standards for post-quantum cybersecurity. As part of this collaboration, Scope will contribute expertise from the QSE platform to help public and private sector leaders prepare for quantum-era threats through education, advocacy, and industry-wide knowledge sharing. As well, Scope has also expanded its distribution network, adding enterprise resellers across Europe and Asia. Key partnerships with Asia-Pacific distributor COGITO and Swedish Microsoft partner Coegi Cloud AB now give the company reach into over 40,000 institutional users globally. On the financial front, Scope completed a $2.8 million capital raise earlier this year, with strategic backing from First Majestic Silver Corp., a former pilot customer that has since become a key investor. The second tranche of that funding closed in April and will support client onboarding and the QSE Mobile App rollout. With post-quantum cryptography standards moving from theory to policy, Scope is gaining traction as a purpose-built solution in a sea of retrofits. Its momentum across enterprise, compliance, and infrastructure suggests it's not only ready for the coming quantum era—but may already be ahead of it. Palo Alto Networks, Inc. (NASDAQ: PANW) is warning that quantum-enabled cyberattacks are no longer theoretical, with global adversaries already harvesting encrypted data in anticipation of future decryption. "Harvest now, decrypt later is a threat that's already in motion," said Jesper Olsen, Chief Security Officer EMEA North at Palo Alto Networks. "Encrypted data is being stolen today with the expectation that it will be readable tomorrow." The company is calling for immediate action, including encryption audits and phased implementation of post-quantum cryptography standards. WISeKey International Holding AG (NASDAQ: WKEY) is advancing its quantum-secure space strategy with the planned launch of WISeSat 3.0, the first satellite to carry SEALSQ Corp's (NASDAQ: LAES) Quantum RootKey hardware module. Scheduled for mid-June, the launch represents a significant step toward space-based post-quantum key distribution, supporting encrypted satellite control, data transmission, and global IoT onboarding. WISeSat's multi-layered cryptographic architecture will use NIST-standardized algorithms like CRYSTALS-Kyber and Dilithium to defend against both classical and quantum cyberattacks. The company aims to build a full satellite constellation by 2027 to support its "Satellite-as-a-Service" platform. Check Point Software Technologies Ltd. (NASDAQ: CHKP) recently unveiled its next-generation Quantum Smart-1 Management Appliances, featuring major upgrades in performance, scalability, and AI-driven security management. Designed for hybrid enterprises, the new models support up to 10,000 gateways, process logs 70% faster, and offer built-in tools for compliance, threat detection, and policy insights. Integrated with over 250 third-party systems, the appliances deliver unified visibility and automation through Check Point's Infinity Platform. "Security teams today face more pressure than ever — from rising AI-generated threats to managing fragmented infrastructures," said Nataly Kremer, Chief Product Officer at Check Point. "Our new Quantum Smart-1 Management Appliances combine AI, speed, precision, and automation to help organizations manage on-premise, cloud, and distributed IT deployments — faster and smarter. The company says the update addresses rising complexity as AI-powered attacks and distributed infrastructures reshape cybersecurity requirements. DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. is owned by Media Corp. ("BAY"). This article is being distributed for Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Scope Technologies Corp. advertising and digital media from the company directly. BAY has not been paid a fee for Scope Technologies Corp. advertising or digital media, but the owner/operators of BAY also co-owns MIQ. There may be 3rd parties who may have shares Scope Technologies Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Scope Technologies Corp. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Scope Technologies Corp. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Cision Canada
05-06-2025
- Business
- Cision Canada
Scope Technologies Announces Leadership Transition: Ted Carefoot Appointed CEO
Vancouver, BC, June 5, 2025 /CNW/ -- Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope Technologies" or the "Company") today announced the appointment of Ted Carefoot as Chief Executive Officer, succeeding James Young, who will continue supporting the company in an advisory capacity. A proven technology leader with over two decades of experience in software development, cybersecurity, AI, and risk management, Carefoot most recently served as Scope's Vice President of Product. His career includes leadership roles at Electronic Arts and Disney Online Studios Canada, with deep expertise in developing large-scale security solutions and regulatory frameworks. Carefoot holds certifications in Governance, Risk & Compliance (GRC) and Integrated Data Privacy, and is recognized for his expertise in Risk Management Framework (RMF) implementation — a critical capability as Scope expands its post-quantum security offerings. "As Scope Technologies enters its next phase of growth, we are committed to staying at the forefront of quantum security innovation and compliance," said James Young. "Ted's leadership, industry experience, and deep expertise in risk management and regulatory standards make him the ideal person to guide Scope into this future. I have full confidence in his ability to scale the company and deliver on our mission." Under Carefoot's leadership, Scope Technologies will continue its focus on providing quantum-resilient encryption and security solutions to enterprise and government clients, helping organizations prepare for the growing regulatory requirements surrounding post-quantum cryptography (PQC) standards. "I'm honored to step into this role at such a pivotal time," said Ted Carefoot. "With quantum computing threats becoming a reality, businesses and governments must 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." Scope Technologies also announces that Sean Prescott has resigned as a director of the Company. The Company wishes to thank him for his services as a director. Mr. Prescott will remain CTO of Scope Technologies. Grant of Restricted Share Units and Stock Options Scope Technologies has also granted a total of 950,000 stock options exercisable at $0.385 per share for a period of five years from the date of grant. The stock options are subject to the vesting requirements set by the board of directors. In addition, Scope Technologies granted 1,500,000 restricted share units ("RSUs") to Mr. Carefoot. The RSUs vest as follows: 250,000 RSUs within one year from the grant date, 500,000 RSUs within two years from the grant date and 750,000 RSUs within three years from the grant date. For more information on how QSE's quantum security solutions visit or contact [email protected] About Scope Technologies Corp Headquartered in Vancouver, British Columbia, Scope Technologies Corp is a pioneering technology company specializing in quantum security and machine learning. Through its flagship brands, QSE Group and GEM AI, Scope provides next-generation solutions in data security, quantum encryption, and neural networks, empowering businesses with secure, scalable technologies that drive growth and operational efficiency. Contact Information: James Young CEO, Scope Technologies Corp. Email: [email protected] Phone: +1 604-416-1720 Website: Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, and more specifically, the use of proceeds of the Offering. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company's latest management discussion and analysis, a copy of which is available under the Company's profile on SEDAR at While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company's business. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.
