01 Quantum Appoints Jeffrey Kilborn as New Chief Financial Officer
News related to:01 Quantum Inc · 2 min read
01 Quantum Inc., a leading cybersecurity provider for the quantum computing era, has announced the appointment of Jeffrey Kilborn as Chief Financial Officer (CFO). Kilborn brings extensive experience in capital markets, having supported public company reporting, governance, and investor communication during his tenure at Atlas Salt Inc. (TSX-V:SALT).
Kilborn replaces Brian Stringer, who is retiring from his role as CFO. Stringer will remain with the company in an advisory capacity. Stringer expressed pride in the accomplishments of the company and the leadership team, stating, "I am incredibly proud of what we have accomplished and of the Company we have built. It has been a privilege to work alongside Andrew, the Board, and the entire 01 Quantum team."
Andrew Cheung, Founder and CEO of 01 Quantum, highlighted Kilborn's qualifications, saying, "Jeff is joining 01 Quantum at an important point in the Company's evolution. His combination of public company leadership, capital markets experience, and corporate development expertise makes him an excellent addition to our executive team."
The company's Board of Directors approved the grant of 400,000 stock options to an executive to purchase up to 400,000 common shares at an exercise price of $0.47 per share. The options were granted on September 11, 2026, pursuant to the terms of the company's stock option plan. The options have a term of four years, expiring on September 11, 2030, and vest in four equal tranches of 100,000 on March 11, 2027, September 11, 2027, March 11, 2028, and September 11, 2028.
01 Quantum continues to advance its mission of delivering quantum-safe cybersecurity solutions. According to market research from Emergen Research, the global post-quantum cryptography market was valued at US$310 million in 2024 and is projected to reach US$2.89 billion by 2034, representing a 25.1% compound annual growth rate (CAGR).
The company's IronCAP™ technologies are integrated into its PQC solutions, enabling applications across security-sensitive environments, including digital assets, AI systems, email security, and enterprise infrastructure. IronCAP™ technologies are patent protected in the U.S.A. by patents #11,271,715 and #11,669,833.
The company's transition to a new CFO is part of its ongoing efforts to strengthen its leadership and support its growth in the rapidly evolving cybersecurity landscape.