Okay, let's get started. Good morning, everyone, and welcome to our 2025 fourth quarter conference call. I'm Brian Stringer. I'm the Chief Financial Officer for 01 Quantum, and with me today is Andrew Cheung, our President and CEO. Now, the format today will be Andrew will give us a rundown, an overview of our business, the results, and business developments going forward. Now, before we get started, there's a disclaimer, which forms a portion of this presentation, so just take a look briefly at it. Now, following Andrew's presentation, there'll be a chance for Q&A. So please, everybody, I think understands now with Zoom how to answer. Just at the bottom, there's a Q&A. Click it, type your answer. I'll moderate questions at the end, and Andrew or I will answer them. Now, Andrew, it's over to you. Thank you, Brian. Again, my name is Andrew. I am the CEO and President of 01 Quantum. So, welcome to our fourth quarter result webinar. I would not go too deep into about what quantum computers are, because it's like everyone knows about it already. So I will be focusing on just saying that the excessive computing power of quantum computer has indeed created an unprecedented cybersecurity threat for the world, or aka Q-Day, which is the day when the bad guys are using quantum computers to do the dirty works. So on and after Q-Day, everything under the sun will be vulnerable. That's why it matters. So whether you are email, AI, cryptocurrencies, or remote access, everything, you know, will be, will, will be vulnerable or totally naked in front of a quantum computers. So a lot of large companies, such as Apple, Google, Microsoft, has already started their quantum migration journey. So, I think, you know, I keep saying that, don't listen to this company, just listen, listen to what the government says. So first of all, two years ago, the President's Office in the U.S. has already issued an official NSM-10 letter, reminding the agencies to be very mindful about a famous attack called HNDL, Harvest Now, Decrypt Later, whereby the hackers are obtaining your data, publicly, but they are encrypted. They cannot do anything, but they simply hold on to it until they got hold of a quantum computer, then they decrypt, right? So, with this, the problem is not a tomorrow problem, whatever you believe, whether it's, it's next year, three years later, or whatever, it's not a tomorrow problem, not even a today problem, but a yesterday problem, you know, for you. And, so no wonder why the, the U.S. Secretary of Commerce, Gina Raimondo, about six months ago on a CNBC interview, he already openly said that the, the worldwide cybersecurity threat will be totally broken if we don't act immediately. In addition to that, the founder of NVIDIA also said that we are now in the inflection point, and the founder of Ethereum also said there's 20% chance that the Q-Day would actually hit the crypto market by 2029, right? So what we have done, you know, is that we have invested in this since eight years ago already. So with multi-millions dollar spending on creating our engine, our plan is not to license the engine to others doing the job. Our plan is to give it out for free while we are helping our customer or partners achieving the quantum migration journey with a fee, right? So, so far, it seems like our strategy is successful because we are probably the only one in the post-quantum PQC industry, exited the pre-money stage and into revenue generations, right? So, what we have done, the more notable one are that we have helped our customers created a quantum-safe remote access product, quantum-safe digital asset, and we also have created quantum-safe email security, which I am going to get into more details one by one. So first of all, apart from the press was only a week ago, we have announced the completion of this project with Hitachi in Japan. We signed the agreement in June last year, and the product is completed at the end of December, and they have commercially launched the product just about a week ago on the 15 of January this month. And the press release by Hitachi has been made in Japan, and we have also released our joint version in the U.S. and Canada, right? So what we have created for them is a quantum safe version of remote access. Now, this is exactly like how I described. We don't want to license the technology for our customers to do the work. So basically, they talked about it. They say: "Hey, you know what? You guys are a quantum expert, and we don't want to do the technical work. Very simple, we give you the quantum vulnerable version, and at the end of the day, you give us back. On the other side, you spit out a quantum-safe version, and that's it. So simple. We'd rather pay you guys a one-time fee plus royalty moving forward, doing this. This is perfectly fine for us and for them, and this also gives Hitachi a quantum-safe version of remote access to market in Japan. Now, this is very important because HNDL attack is like a perfect storm for the remote access. You can imagine that people are working a lot remotely these days, so the remote access channel or the session fundamentally represents almost a history book of the company. So if the hackers are recording the history book and then hold on until they got hold of a quantum computer, then decrypt, you know, the whole company's secret will be naked. So basically, they say, we don't want that to happen to us or to our customers, so we want it to be quantum safe, and we did it. So the market potential is huge. In Japan alone, it is growing from $45 million last year to $72 million by 2030. So 01 typically receive a one-time fee, as I said, plus royalty moving forward. So that's Hitachi, number one. So number two, you know, is even bigger. This is actually something that we have announced in July of last year. We signed up with a crypto foundation called qLABS. So qLABS basically asked us to create the world's first fully true quantum safe token for them, right? So this token, you know, is going to be to be used as something they call QQC, like quantum gas fee token, right? So that it is designed to be used to protect other assets, like Ethereum, any kind of smart contract-based asset, like Ethereum, Hyperliquid, or whatsoever. So that these, holder of the digital asset will simply go to their site and click a button to do what they call quantum lock and quantum unlock, right? So after locking, it will be safe against quantum computer attack, and then when they want to sell, they want to trade, they do unlock first, and then after that, they lock again, right? So the only thing is that we are asking them to pay a very small fee when they do the lock and unlock process in the currency that we are creating or at the very end stage of QA, quality assurance right now, the qONE, the, we call the qONE token. So, this process is at the very last stage of QA process, and it's slated to go public, probably the last day of January this month or the first week of February. So we're talking about just weeks away. And the market is huge simply because the whole $4 trillion digital asset must be quantum safe before Q-Day. Now, this is, this doesn't... It's not only applicable to token, but it's also applicable to stablecoin, which is huge in the world right now, right? So typically zero one is also receiving, similar to Hitachi, receiving a one-time engineering fee, plus the royalty sharing of asset the token sale and money raised and things like that. So it's moving forward with a very big opportunity for us. From a technical point of view, this whole process also causing us to have filed three U.S. patents. One has been granted and two more in the pending stage. So, it give us a lot of things from the IP to the monetary reward. So that's the digital asset. So the third leg of the stool is the email security. Probably, I don't need to say that email is probably the largest business tool in the world, but yet they are 100% quantum vulnerable, and they are also 91% of the source of ransomware attack through phishing. So what we have done was created the world's first email security product that is comply with the NIST standard, and it's also giving the end-to-end quantum safe digital signature. Now, with quantum safe digital signature, it means guaranteeing the authenticity of the sender. So giving the authenticity of the sender, meaning that, you know it is real, and this is plugging the hole of phishing email, which in turn plug 91% the source of a ransomware attack. Now, this is unplanned. You know, originally we were slated to just creating quantum safe email security, but the quantum safe signature has a side effect of also plugging the 91% source of ransomware. And then on top of that, it also has end-to-end encryption, which guarantee privacy, that when the, like, when the, the Peter is sending a message to Mary, the message is totally encrypted end-to-end, so that even the authority in the middle get hold of or intercepted the email, there's no chance that the CIA or, or, or NSA or whatever can read the message, because the message is encrypted, that only Mary, as the recipient, having the, the private key, can decrypt the, the message. So, this is slated to be a SaaS product for the typical $10 a month. And the channel, after the channel discount of $7, we are receiving $3 per month from the channel. The market is huge because, very simply, that there are 730 million business email addresses in the world. If only 10% are serious and wanting quantum protection and paying $3 a month, that is already equated to $2.6 billion per year of recurring revenue off the graph, right? So, what I have described are the three legs of the revenue generation stool that we have. Number one, remote access by Hitachi. Number two, the quantum-safe digital asset by qLABS. Number three is an email security product by ourselves. So on top of these three current revenue generating the machine, we are also creating for the immediate future, that is a platform related to AI security, which is really a crossover between AI and quantum safety. Now, everyone knows about AI, but the general AI market today is just basically LLM, large language model. What most people don't know is about the SLM, which is a larger market, a small language model, or some people calling it a special purpose the AI. For example, credit card fraud detection, anomaly detection, facial recognition, medical advice, and those are all SLM market. But the SLM market has been largely paralyzed by one thing, which is privacy. A lot of the organization doesn't even allow people like the bank or the national security or something. They just don't even allow the people to go into AI for a privacy issue, right? So after identifying this pain point about two years ago, we spent most of 2024 and 2025, invented a technology whereby we are calling it the QAW quantum AI wrapper technology. We have filed patent applications about six months ago, and we are fundamentally using to be open to the open source support market, professional service market, and the managed service market. The initial addressable market is already very huge. Number one, because they are three times more likely for people to use SLM, you know, if it is secure. So the total addressable market is expected to be huge because, as I mentioned, we have essentially lifted one major obstacle for the SLM privacy, right? So the market is expecting to grow from $0.9 billion now to about $5.4 billion by 2030, which is a 600% increase. The market is already there, it's just been paralyzed, you know, by privacy. And FHE is just a subset of it, you know, it's already $880 million in size. And then the target segment that we initially targeting, like finance, government, and health, already also represents $650 million in size. So it's a huge market we are tapping into, right? So value proposition we build for this is very simple, because we make SLM secure. Not only secure in terms of privacy, but also secure in the post-quantum fashion. So what we will be building is not just the service business, professional service, or managed business, but also we're going to build what we call an AI marketplace, which is kind of like an... You can imagine it's kind of like a AI-oriented Amazon or eBay, whereby we allow the AI model vendors to list their model on our platform, and we bridge them with the user, and we are encrypting both sides, right, before doing the AI inference, so that they are not exposed to each other. So the privacy issue, remember, is not only applying to the user data, but also apply to the AI model. Because the AI model, if it is performing in an encrypted fashion, it is up for anyone to copy, right? Just like simply the DeepSeek copying ChatGPT and build on top of it. Nothing wrong, you know, but it is, you know, if it is unencrypted, we-... It can be copied, and the SLMs or special purpose AI model doesn't like that to happen, right? So we are opening up to, as I said, community, open source, professional and managed service, enterprise support. And for the AI marketplace, we're typically charging 15% or 20% commission, similar to Amazon or eBay. And this is also opening it up to government funding, such as provincial and federal innovation fund from the government and procurement the business. So we will be using 2026 and 2027 as our go-to-market time with stage approach, where we will be having the, like, the stage one to be later in the Q1 this year, to have an optimized FHE offering, and followed by Q2 of the private AI, and then Q1 of next year to have a hybrid FHE model. Then it would be the AI marketplace for the managed and hosted the private AI by Q2 2027, followed by AI marketplace for the optimized model, Q3 2027, and then finally culminated with the full hybrid model. So that's kind of like a six stages of a roadmap that we have identified for the QAW market for the next two years. So I guess as a conclusion, you know, this is very obvious, you know, why we have exited from the pre-money stage, you know, compared to our competitors. So it is also fully reflected in our quarterly results. So maybe I will turn over to Brian, our CFO, to explain a little bit about our financial picture and where we stand today. So, Brian, back to you. Okay. Thank you, Andrew. Well, let's take a look at our Q4 results. Our adjusted PL, P&L, which is essentially our cash burn. If you take a look, revenues of CAD 434,000, our cash burn of CAD 130,000, which is down significantly from Q3, and our revenue specifically is up. The revenue is derived from development fees that we received, as Andrew's talked about, for the qLABS project and the Hitachi project. There's still more to come for Q1 and a bit into Q2 as well. So when you take a look out at that adjusted burn, we can proceed knowing the revenue that we have and the expenses we're committed to, of a similar type of adjusted P&L for the next two quarters. We essentially look at it as it's ± a bit, CAD 200,000 a quarter. Compare that to our cash of CAD 3.1 million. We've done a financing in Q4, in October, with Hampton Securities for net proceeds CAD 2.1 million. You can see we've got a reasonable runway. Okay, Andrew, if you could, move to the next slide. Our market cap today, about CAD 76 million. Cash, the reason it's 3.5, is subsequent to the year-end, we had some warrants exercised, so we've now got about CAD 3.5 million cash, which extends the runway before we turn profitable. Basic shares, 108 million. Options outstanding today, 8.2 million, and warrants, 6.5 million. As I say, our cash burn, quarterly average, approximately CAD 200,000 per quarter. With respect to our market cap, you can see $76 million. Others in our space, good technology, Quantum, Quantinuum, QNC, $960 million, BTQ, $1 billion. So they're about a billion-dollar market cap. Throughout 2024, we were nose to the grindstone developing. They were better known. We're now with a full marketing program, a full public awareness program, and I think last year was, for us, proof of performance because we were, we were playing catch up, so to speak. I think we're performing now, so we hope to catch up. And with that, Andrew, I'll turn it back to you. Thank you, Brian. So, before I take a break, a pause for the question and answer, I just want to do a closing. Basically, timing is everything. You know, the quantum market is coined by a lot of independent analysts to be at the inflection point, where it is kind of like the AI market three years ago. So the total addressable market is extremely huge. And as Brian mentioned, we are also undervalued compared to our peers. And most importantly, we have already leveraged a multi-segment product offering moving into the future. And I guess, you know, it is all being backed, you know, by our global partnership network. We signed up many partners working together, and more notable, like I mentioned earlier, is Hitachi in Japan, and also, PwC in Asia, Thales in France, and CGI in our backyard, qLABS in Europe, and Tritium in Australia. So, with this partnership network, you know, it is dovetailing, you know, into our expansion plan. So, at the end, we're also backed by strong IP portfolio, whereby we have patent-protected technology and patent pending technologies, which is all adhering to our products. So, I'm gonna take a quick pause here to allow some times for question and answer. As mentioned by Brian earlier, I'm sure everyone is already familiar with how the Q&A feature works at Zoom. Please feel free to type in your questions, and Brian will as usual act as the list your question, and I would do my best to answer everyone one by one. Brian, over to you. Okay. Thank you, Andrew. The first question has to do with our qLABS relationship, and I've got several questions here, so I tried to group them together. They're all commercialized, related. Can you elaborate on the marketing rollout for the qONE token? When do you think it'll start? That's the marketing part. How much do you think the qONE token will be worth? And how do you get paid for the gas utility? He said he just wasn't clear on that. Yeah. Thank you, Brian. I think this is a very loaded question from this investor, but they are good questions. First of all, let me try to answer in a short way, right? The short answer is that they are slated to release the qONE token by the end of this month or the first week of February. So we're talking about just weeks away from that. And then the second thing is, I have to always stress the point that, you know, we are the cybersecurity and blockchain expert. We are not the digital asset or crypto marketing expert. The best analogy that I always use is that we know how to build the best plane in the world, but we are not the top gun. We don't, we are not even a pilot, right? But we know how to build a plane. And they are the pilots. So they are doing the job, they are doing the marketing. In fact, they are doing a lot of marketing, I mean, pre-marketing before the launching, right? So from the compensation point of view, as I mentioned earlier, 01 received one-time development fee in cash and also a sharing, you know, of the proceeds moving forward. The proceeds moving forward is composed of cash raise that they do, and also a percentage of the founder token, which is the qONE token they are releasing. We'll get a percentage of that. So the upside to us is definitely in these two things. In a nutshell, that every, you know, dollar value of the token they successfully promoted, we will receive equivalence of a lot of U.S. dollar revenue, you know, for us to go into our team. I guess that's a long-winded answer to your questions. Yeah. Okay. The next one has to do on the financials. It's good job on the financials, thank you, with a cash burn of CAD 130,000. And how do you see this year turning out? Any insight on potential revenue and level of expenses? Yeah, I would say that we expect. I think Brian has kind of, you know, alluded a little bit when talking about the financial picture. We expect the revenue still, you know, happening more or less the same way in the Q1 and Q2. And then because the partners has already completed the quantum safe product, for example, Hitachi has released the product last week and starting to market this week, so we would expect them to generate revenue. And how much? Obviously, we don't know, because again, the good things is they are the marketing arm. They are spending sales and marketing dollar. We don't need to spend a dime. We just sit back to collect the royalty percentage, right? And, the bad thing is that we don't... It's their job, but they are a huge, Fortune 500 company. You know, they know what they're doing, so we expect them to generate the revenue for us to share. And then, number two, the token, as I just briefly mentioned, is also slated to complete, you know, in a few weeks from today. So it will be contributing to the Q2 or Q4 ongoing revenue counting for us. So these things are completed, you know, or completing as we speak today and is going out to the market. So while I don't have a crystal ball, you know, I am very confident in the generation process. Plus, as I mentioned, on top of all these current revenue generators, we are also creating the immediate future AI crossover between AI and quantum safety. So, yeah, we got-- we believe we got all the base covered. Okay. This came in as you were talking on Hitachi, as you were giving that answer. The question is: Do you have any information you can share about Hitachi's marketing plans? In fact, I think it's part of my answer to it, is their marketing, so we don't have any say, you know, on how they are going to market, but I believe they are going to market to their existing customers and new customers in Japan, which, in general, they are their customers are no lack of the large company, the government, university, the basically larger organizations in Japan. ... Okay, and cognizant of time, this is the last question. Here in Canada, there appears to be a buy Canadian mentality, and, you know, it's especially in governments. There seems to be a good business case for security surrounding your technology. Are you, and if so, how are you going after government business? Because it seems like a good proposition. Yes. This last question is also a good one. Yeah, the Buy Canadian mentality is very good for us. And, indeed, you know, we have started since a few months ago, headed by our new COO, Tyson, who is also a board member of us. He has already started a whole campaign with the staff, focusing on the, you know, marketing to the government in terms of two things: not only just the government funding, federal funding, but also the government procurement, specifically in the area of secure AI. Because this is a very important sector that, for example, the national security or the military, they need AI technology, but they cannot use it because of privacy issues. So with the lifting of the privacy problem of SLM, you know, we have opened the market, and we believe it's a very important footstep into the government market, you know. Not only just for Buy Canada. Canada, even without Buy Canada, it's already there, but the Buy Canadian is just a catalyst for making it happen even better. Okay. Thank you, Andrew. And as I say, I'm cognizant of time. If anybody has any questions that weren't answered in this couple, feel free to contact myself or Andrew. And with that, thank you very much for joining us. I'll turn it back to Andrew for any closing comments. Thank you, Brian. So in closing, as I said, timing is everything. You know, we have crossed the the bridge, and I'm very happy to to announce this very encouraging quarter. And, I'm looking forward for a lot more good things to happen. So please stay tuned, and I'll see you in our next meeting. Thank you very much for joining.