01 Communique Hikes on ixFintech MOU

01 Communique Laboratory Inc. (TSX-Venture:ONE) saw its shares stir somewhat on news that it has entered into a Memorandum of Understanding (MOU) with ixFintech Limited.

The agreement means the two firms will work towards ixFintech adopting IronCAP as their quantum computing security solution and in longer term, exploring possible areas of cooperation for development of future technology solutions aimed at ixFintech's new business initiatives.

According to CEO Andrew Cheung, "We look forward to penetrating the Asian market with our new partner, ixFintech. Working together with ixFintech, we believe our quantum-safe IronCAP product will be widely adopted not only by ixFintech but also other companies throughout Asia.

“We also look forward to the opportunity of collaborating with ixFintech and developing other technical solutions for their future business initiatives.”

ixFintech, established in 2015, aims to improve the client engagement process of derivatives products by promoting financial literacy and new option information platform.

Shares in ONE took on a penny, or 11.8%, to 9.5 cents, on volume of 58,000 shares.