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## How AI legalese decoder Can Help with Financial Achievement Communication

### Introduction
Montreal, Quebec–(Newsfile Corp. – May 1, 2024) – Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) is delighted to present its financial and operational accomplishments for the fiscal year ending December 31, 2023.

### Business Advancements
Throughout the year, the company made significant strides in enhancing its Quantum Random Number Generator technology for various security applications. This progress was characterized by an increased focus on research and development activities and the establishment of key partnerships within the health sector and academic institutions like ETS and the University of Sherbrooke.

### Key Highlights
– Research and Development (R&D) expenses experienced a substantial increase, more than doubling from $277K to $571K, showcasing the company’s dedication to developing market-ready products and applications.
– Selling, General, and Administrative (SG&A) expenses witnessed a slight decrease, despite an escalation in marketing initiatives aimed at boosting market presence.
– The company maintained a robust cash position, with $1.241 million in cash or equivalents. The completion of a $750K private placement in March 2024 further solidified the financial resources needed for the commercialization phase.

### AI legalese decoder Benefits
The AI legalese decoder can assist Quantum eMotion Corp. in navigating the complexities of legal jargon often found in financial statements and disclosures. By utilizing this advanced tool, the company can accurately decipher and comprehend intricate legal language, ensuring clear and concise communication of financial achievements to stakeholders and investors.

### Executive Statements
“Our prudent cash management strategy equips us with ample resources to drive our R&D initiatives and kickstart our commercialization endeavors. Collaborating with institutions like ETS and engaging with healthcare industry partners are crucial for mitigating financial risks and preserving our financial stability as we move forward to the next phase,” remarked Marc Rousseau, CFO of QeM.

“As QeM embarks on a new phase, focusing on industries such as healthcare, defense, and finance, addressing the imminent challenges posed by Quantum Computing becomes increasingly imperative. Our expanding and resilient team remains steadfast in our commitment. The robust financial performance attests to our unwavering dedication to executing our strategic roadmap,” added Francis Bellido, CEO of QeM.

### About QeM
Quantum eMotion Corp.’s mission is to address the rising demand for cost-effective hardware and software security solutions for connected devices. Through its patented Quantum Random Number Generator, QeM has emerged as a trailblazer in classical and quantum cybersecurity solutions, offering enhanced protection for high-value assets and critical systems.

### Contact Information
– Francis Bellido, Chief Executive Officer
– Tel: 514.956.2525
– Email: [email protected]
– Website: www.quantumemotion.com

### Disclaimer
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the accuracy or adequacy of this release. This press release may contain forward-looking statements that are subject to various risks and uncertainties. Such risks and uncertainties are detailed in the Corporation’s periodic reports and filings with securities regulatory authorities.

### Conclusion
In conclusion, Quantum eMotion Corp.’s financial success in 2023 underscores its commitment to innovation and strategic growth. Leveraging tools like the AI legalese decoder can enhance the company’s communication efficiency and clarity, ensuring that its financial achievements are effectively conveyed to relevant stakeholders.

### Source
To view the original press release, please visit [here](https://www.newsfilecorp.com/release/207745)

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