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An announcement from Scope Carbon Corp ( (TSE:SCPE) ) is now available.
Scope Technologies Corp. has announced its acquisition of Cloud Codes, a subsidiary of Plurilock Security Inc., to enhance its quantum-secure authentication and storage ecosystem. This strategic move aims to integrate Cloud Codes’ secure Single Sign-On and distributed storage solutions into Scope’s QSE Group, positioning the company as a pioneer in quantum-resistant identity management. The acquisition, valued at CAD $1,780,000, will see Cloud Codes rebranded under the QSE Group, with plans to offer quantum-secure SSO services targeting regulated industries. This development aligns with the growing market readiness for quantum-resistant solutions, as Scope Technologies seeks to establish itself ahead of traditional SSO vendors.
Spark’s Take on TSE:SCPE Stock
According to Spark, TipRanks’ AI Analyst, TSE:SCPE is a Neutral.
Scope Carbon Corp’s overall stock score reflects significant financial challenges, with no revenue generation and consistent net losses. Technical analysis shows mixed signals with some potential for short-term recovery. Valuation metrics are weak due to negative profitability. However, positive corporate events highlight strategic initiatives which could support future performance improvements.
To see Spark’s full report on TSE:SCPE stock, click here.
More about Scope Carbon Corp
Scope Technologies is a leader in quantum-secure infrastructure, specializing in protecting sensitive data with innovations in post-quantum storage and authentication. Through QSE Group, Scope is developing solutions to meet the growing enterprise demand for cryptographic resilience, empowering organizations to safeguard critical systems today while preparing for the quantum era.
Average Trading Volume: 135,010
Technical Sentiment Signal: Sell
Learn more about SCPE stock on TipRanks’ Stock Analysis page.