EU Financial Authorities Urge Early Action on Quantum Computers, Citing Major Risks to Cryptography

Quantum eMotion Corp. said its recently acquired subsidiary SKV Technology Inc. has received a Notice of Allowance from the United States Patent and Trademark Office for U.S. patent application No. 18/819,165 covering its SecureKey technology. A Notice of Allowance means the USPTO has determined the application is entitled to proceed toward issuance as a U.S. patent, subject to completion of applicable administrative requirements. SecureKey is a cryptographic technology designed to manage and protect cryptographic key material during cryptographic operations. Separately, the SecureKey Cryptographic Module is undergoing validation under the FIPS 140-3 framework administered through the Cryptographic Module Validation Program of the U.S. National Institute of Standards and Technology and the Canadian Centre for Cyber Security, and currently holds an Implementation Under Test designation, which indicates the module has entered testing with an accredited laboratory but does not constitute FIPS 140-3 validation or certification. Chief Executive Officer Dr. Francis Bellido said the Notice of Allowance is an important step in the patent process for the SecureKey technology acquired through SKV, while the module continues through FIPS 140-3 validation as a separate process. The company said it will provide further information following formal issuance of the patent or upon material developments in the FIPS 140-3 validation process.