01 Communique Announces New Appointment to its Board of Directors

Mar 23rd, 2022 7:30 EST

TORONTO, ON / ACCESSWIRE / March 23, 2022 / 01 Communique Laboratory Inc. (TSX-V:ONE)(OTCQB:OONEF) (the “Company”) one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era, is pleased to announce the appointment of Mr. Tyson Macaulay to its Board of Directors, effective March 22, 2022.

Mr. Macaulay, CISA, LEL CIE, brings with him over twenty five years of engineering and management experience in network, cloud and IoT security solutions. Residing in Ottawa he is currently the Chief Security Officer and Vice President of Field Engineering at Rockport Networks Inc. Prior to that, he held the positions of Chief Product Officer at InfoSec Global (ISG), CTO for BAE Systems Applied Intelligence in North America, CTO – Telecommunications at Intel and Chief Security Strategist at Fortinet. These roles all involved product strategy, corporate development (mergers, acquisitions and partnerships), business development and thought leadership.

Mr. William Train, the Company’s Chair of the Board of Directors stated, “We are extremely happy that Tyson has agreed to join our board of directors. His wealth of knowledge and experience in the cybersecurity industry will be an invaluable asset to our executive team as we continue to build our company and increase shareholder value.”

Mr. Tyson stated, “I look forward to joining 01’s Board of Directors and assisting the Company’s executive management as it moves forward with its plan to capitalize on the market opportunity that I strongly believe for IronCAP™.”

The board of directors of the Company has granted 200,000 stock options effective March 22, 2022 with an exercise price of $0.23 and an expiry date of March 22, 2026, with 50% vesting on each of September 22, 2022 and March 22, 2023.

About 01 Communique

Established in 1992, 01 Communique (TSX-V:ONE);(OTCQB:OONEF) has always been at the forefront of technology. The Company’s cyber security business unit focuses on post-quantum cybersecurity with the development of its IronCAP™ technology. IronCAP™’s cryptographic system is an advanced Goppa code-based post-quantum cryptographic technology that can be implemented on classical computer systems as we know them today while at the same time can also safeguard against attacks in the future post-quantum world of computing. The Company’s IronCAP™ technology is protected in the U.S.A. by its patent #11,271,215. The Company’s remote access business unit provides its customers with a suite of secure remote access services and products under its I’m InTouch and I’m OnCall product offerings. The remote access offerings are protected in the U.S.A. by its patents #6,928,479 / #6,938,076 / #8,234,701; in Canada by its patents #2,309,398 / #2,524,039 and in Japan by its patent #4,875,094. For more information, visit the Company’s web site at www.ironcap.ca and www.01com.com.

Cautionary Note Regarding Forward-looking Statements

Certain statements in this news release may constitute “forward-looking” statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release, such statements use such words as “may”, “will”, “expect”, “believe”, “anticipate”, “plan”, “intend”, “are confident” and other similar terminology. Such statements include statements regarding the business prospects of IronCAP™ and IronCAP X™, the future of quantum computers and their impact on the Company’s product offering, the functionality of the Company’s products and the intended product lines for the Company’s technology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this news release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the matters discussed in the forward-looking statements, including, but not limited to, a delay in the anticipated adoption of quantum computers and a corresponding delay in Q-Day, the ability for the Company to generate sales, and gain adoption of, IronCAP™ and IronCAP X™, the ability of the Company to raise financing to pursue its business plan, competing products that provide a superior product, competitors with greater resources and the factors discussed under “Risk and Uncertainties” in the company’s Management`s Discussion and Analysis document filed on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update or revise them to reflect new events or circumstances.

Neither TSX Venture Exchange (“TSX-V”) nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

INVESTOR CONTACT:

Brian StringerChief Financial Officer01 Communique(905) 795-2888 x204[email protected]

SOURCE: 01 Communique Laboratory, Inc.

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