09:35 AM EDT, 08/07/2024 (MT Newswires) -- Scope AI (SCPE.CN) on Wednesday said it completed the acquisition of QSE Technology, paying Ovryde $400,000 and 2.8 million of its common shares.

"The quantum cryptography market is currently at $11 billion for 2024, and is projected to grow to $126 billion by 2033," said Scope AI CEO James Young. "This tremendous growth highlights the increasing demand for advanced quantum-resilient security solutions, and with our acquisition of QSE Technology, Scope AI is well-positioned to capitalize on this market."