Technology

Lorica Launches Innovative AI Data Privacy Solution with Industry Leaders at the Helm

Published

2 years ago

June 24, 2024

Secure AI removes the vulnerability of data leaks during computation: Lorica delivers commercial products to address the coming “quantum event horizon”

TORONTO, June 24, 2024 /CNW/ – Lorica Cybersecurity, the leader in private artificial intelligence (AI) and a B2B software company that specializes in a new form of encryption technology, today announced the launch of Secure AI, a breakthrough solution that enables AI data processing without compromising privacy or security. With encryption from start to finish, organizations can now fully leverage AI to extract insights from sensitive data sets and collaborate in key fields such as medical research without the risk of data exposure while at rest, in transit and in use.

Data at rest is stored on a device or system; data in transit is moving between devices or networks, like downloads or sending emails; and data in use is actively being processed or accessed by a system or application. Secure AI changes everything because current systems can only protect information at rest or in transit, but Secure AI allows for the encryption and protection of user data and inferences throughout the data lifecycle.

This means Secure AI can, for example, analyze medical records and sensitive health data, including patient information, genomics, and clinical trial results, while maintaining strict confidentiality at all times. For the financial services industry, Secure AI can help institutions protect user data during transactions and identify fraud and anti-money laundering threats. This combination allows for enhanced data security and improved monitoring capabilities to combat illicit financial activities.

Secure AI also addresses the security implications of advancing technologies such as quantum computing. While quantum computing has the potential to solve complex problems at an unprecedented speed and scale, revolutionizing industries such as AI, finance, and drug discovery, that same speed and scale can be applied to the calculations needed to defeat encryption. This is a direct threat to current security methods.

“The looming ‘quantum event horizon’ poses an existential threat to existing encryption standards, as the speed and capacity of quantum processing render many current commercially important encryption methods breakable,” says Glenn Gulak, Lorica Co-Founder. “This critical juncture demands a game-changing solution, and no other offering on the market today matches Lorica’s ability to enhance AI capabilities while ensuring complete privacy and security.”

Industry Veterans Join Lorica in Leadership Positions

Along with the launch of Secure AI, Lorica also announced several high-profile additions to its leadership team and advisory board. Former FreshBooks President Mark Girvan takes over as CEO. Leslie Rechan, former President & CEO of Halogen and Solace, comes aboard as Executive Chair.

The company’s new advisory board is also comprised of renowned industry veterans and experts across cybersecurity and AI:

Saad Saade, Vice President, IT Labour Strategy, Contract Strategy, Bell CanadaBjorn Austraat, CEO and Founder, Kinetic CognitionPorter Shomo, Former Regional Vice President, AlteryxChris Peikert, Professor of Computer Science and Engineering at the University of Michigan Ann Arbor

“Joining Lorica at this pivotal time presents a once-in-a-generation chance to have a profound impact on the future of data security,” says Mark Girvan, CEO, Lorica Cybersecurity. “Organizations want to leverage the full potential of AI to drive innovation and growth, but they’ve been constrained by legitimate data privacy concerns and vulnerabilities. We’re proud to remove the roadblocks to safely adopting AI to solve humanity’s greatest challenges, enabling unprecedented collaboration in healthcare, national security and financial innovation.

Recent investments by the Canadian government in advancing quantum computing technology and efforts in the United States to transition to post-quantum cryptography underscore the critical need to bolster this nation’s competitive edge in quantum information science while safeguarding against potential cyber, economic, and national security risks posed by quantum computers. Lorica’s Secure AI solution emerges as a cutting-edge development poised to revolutionize data security in this evolving landscape.

A Leader in Advanced Privacy-Enhancing Technologies

Secure AI is the latest offering by Lorica Cybersecurity. The company’s Private Pursuit™ platform, installed on standard enterprise-grade servers, is a pioneering solution designed to empower organizations with comprehensive cybersecurity capabilities. This innovative platform offers advanced threat detection, proactive risk management, and robust data protection, delivering quantum safe security that none of the so-called “end-to-end encrypted” products advertised today achieve. With its user-friendly interface and customizable features, Lorica products are designed to be easy to use by practitioners and data science teams, and no prior knowledge of cryptography is required.

Lorica is focused on privacy enhancing technologies (PET) and fully homomorphic encryption (FHE). With a team of leading cryptography experts, Lorica has spent the last five years engineering proprietary high-performance FHE technology.

For more information, please visit www.loricacyber.com.

About Lorica Cybersecurity:
Lorica makes private AI possible through end-to-end encrypted data processing. Its Secure AI solution allows organizations to enhance AI capabilities without compromising privacy or security. Lorica’s cutting-edge Private Pursuit™ platform enables organizations and their partners to execute confidential AI inference and database searches in any compute environment to protect sensitive customer, client or citizen data. Learn more at www.loricacyber.com.

SOURCE Lorica Cybersecurity Inc.

Technology

Invitation to Tecsys’ Conference Call on June 30, 2026, Covering Fourth Quarter and Fiscal Year 2026 Results

Published

4 minutes ago

June 16, 2026

MONTREAL, June 15, 2026 /CNW/ — Tecsys Inc. (TSX: TCS) will release its financial results for the fourth quarter and fiscal year 2026 ended April 30, 2026, on June 29, 2026, after the markets close. Tecsys President and CEO Peter Brereton, and CFO Mark J. Bentler, will host a conference call on June 30, 2026, at 8:30 a.m. ET to present and discuss the results with the analysts.

Subject: Q4 and FY2026 Financial Results Conference Call
Date: June 30, 2026
Time: 8:30 a.m. ET
Phone number: 1-800-836-8184 or 1-646-357-8785

The call can be replayed until July 7, 2026, by calling 1-888-660-6345 or 1-646-517-4150 (access code: 11868 #).

About Tecsys

Tecsys is trusted by mission-critical organizations in healthcare and distribution to build resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TCS). For more information, visit www.tecsys.com.

Forward Looking Statements

The statements in this news release relating to matters that are not historical fact are forward-looking statements that are based on management’s beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that Tecsys Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of Tecsys Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with Tecsys Inc.’s business can be found in the MD&A section of the Company’s annual report and the most recently filed annual information form. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR+ (www.sedarplus.ca).

SOURCE Tecsys Inc.

Technology

Quest Global Launches Neprion to Accelerate AI Smart Wearables Launch Readiness

Published

4 minutes ago

June 16, 2026

New engineering service package designed to help OEMs, retailers, and fashion brands ensure reliability, interoperability, safety, and launch readiness for AI-enabled smart wearables

BENGALURU, India and WINDSOR, Conn., June 16, 2026 /PRNewswire/ — Quest Global, the largest independent pure-play engineering services company, today announced the launch of Neprion (Next–Gen Product Realization), a framework-led product realization and system validation offering for AI/AR smart glasses and broader AI/AR/XR smart wearables.

Quest Global’s Neprion is designed to help OEMs, Tier–1 suppliers, and ecosystem partners accelerate validation, improve launch readiness, and deliver production-grade quality, safety, and interoperability for next-generation wearable devices.

As the global AR and VR market is projected to generate revenues of US$50.9 billion in 2026, driven by growing adoption of immersive technologies across consumer and enterprise applications, Neprion is helping customers across North America, Europe and APAC accelerate the development of AI/AR smart glasses. Designed for OEMs, fashion brands and retailers, the platform enables teams to move from prototype to market with confidence, transforming engineering complexity into predictable quality and on-time launch readiness through a single-partner execution model.

Commenting on the announcement, Tinku Jose, Head of Vertical Technology (Hi-Tech), Quest Global, said, “AI-enabled smart wearables are moving into the mainstream, and scale doesn’t reduce engineering risk it raises the bar for validation rigor, interoperability, AI accuracy, functional safety, and compliance readiness. With Neprion, we are packaging our product engineering depth and validation expertise into a scalable framework-led offering that helps customers accelerate launch readiness while improving product reliability and user trust.”

He added, “As the AI, AR, and XR ecosystem becomes more complex, organizations need engineering partners that can compress time-to-market without weakening quality controls. Neprion enables disciplined execution across hardware, embedded software, connectivity, and AI-enabled experiences helping customers scale innovation while maintaining product integrity and compliance readiness.”

Neprion is designed for device engineering leaders, Tier–1 suppliers, quality and validation leaders, and certification stakeholders seeking structured, scalable product and system validation for next-generation smart wearables.

The launch comes at a time when the AI/AR/XR smart wearables ecosystem is witnessing accelerated innovation, growing demand for interoperability across devices and platforms, and increasing focus on production-grade AI performance, compliance readiness, and seamless user experiences.

About Quest Global

At Quest Global, it’s not just what we do but how and why we do it that makes us different. We’re in the business of engineering, but what we’re really creating is a brighter future. For over 25 years, we’ve been solving the world’s most complex engineering problems. Operating in over 20 countries, with over 104 global delivery centers, our 23,000+ curious minds embrace the power of doing things differently to make the impossible possible. Using a multi-dimensional approach, combining technology, industry expertise, and diverse talents, we tackle critical challenges faster and more effectively. And we do it across the Aerospace & Defense, Automotive, Energy, Hi-Tech, MedTech & Healthcare, Rail and Semiconductor industries. For world-class end-to-end engineering solutions, we are your trusted partner.  

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Technology

Fortune Unveils 2026 Southeast Asia 500

Published

4 minutes ago

June 16, 2026

Trafigura Group tops the 2026 Fortune Southeast Asia 500 for the third consecutive year, with US$240.3 billion in revenue

Vietnam companies emerge as the ranking’s standout growth story, with aggregate revenue up 10.5% — triple the regional average

Revenue threshold to qualify for the 2026 Fortune Southeast Asia 500 jumps 26% to US$440.6 million

Two Singapore-based crypto-mining firms debut on the list

40 female CEOs on the list, including Fortune’s Most Powerful Woman in Asia, DBS CEO Tan Su Shan

SINGAPORE, June 16, 2026 /PRNewswire/ — Today, Fortune announced the Fortune Southeast Asia 500™ rankings for 2026, the third annual list of the largest companies in the region, ranked by revenue for the 2025 fiscal year.

Topping the 2026 Fortune Southeast Asia 500 for the third consecutive year is Singapore-headquartered commodity trader Trafigura Group (No. 1), with US$240.3 billion in revenue. It is followed by Thailand’s state energy company PTT (No. 2, US$81.0 billion), Indonesia’s Pertamina (No. 3, US$70.9 billion), Singapore-based agribusiness giant Wilmar International (No. 4, US$70.4 billion), and fellow Singapore company Olam Group (No. 5, US$51.5 billion). Three of the top five are headquartered in Singapore.

Vietnam was the ranking’s standout growth story. The country’s 72 companies generated US$177.9 billion in aggregate revenue, up 10.5% year-over-year — triple the regional average. Despite representing less than 10% of the overall revenue base, Vietnam’s companies contributed roughly a quarter of this year’s total revenue growth across the entire ranking.

Thailand leads all countries with 105 companies on the list, narrowly ahead of Indonesia’s 104. Singapore’s 82 companies generate the ranking’s highest aggregate national revenue at US$657.6 billion. Malaysia accounts for 93 companies, Vietnam 72, the Philippines 42 — up two from last year — and Cambodia 2.

Energy remained the dominant sector by revenue at 31.5% across 57 companies, led by the state-linked oil and gas majors that have anchored the list since its 2024 launch. Financials ranked second by company count with 76 companies, contributing 16.2% of revenue. Yet the story flips when considering profits: Energy players accounted for 15.7% of profits on the list compared to 43% for Financials. Among the 34 new entrants, Thailand added the most with nine, followed by Malaysia with eight; Financials and Engineering & Construction each contributed six.

The revenue threshold for the 2026 Fortune Southeast Asia 500 rose to US$440.6 million — 26% higher than last year’s. The 500 companies collectively generated US$1.878 trillion in revenue for fiscal year 2025, up 3.4% from the comparable figures in last year’s published list, with combined profits of US$150.0 billion. Concentration at the top remains pronounced: the top five companies account for US$514.1 billion in revenue (27.4% of the total); the top 20 account for US$850.4 billion (45.3%).

“What this year’s Southeast Asia 500 really tells us is that the region is starting to decouple from its commodity identity. The corporate center of gravity is moving toward finance, technology, and a new tier of national champions,” notes Andrew Staples, Editorial Director, Asia. “The fourth edition, in 2027, will tell us whether 2026 marked the start of a genuine reordering of the Southeast Asian corporate landscape — or simply a particularly good year for the region’s emerging tier,” he adds.

Thirty-four new companies joined the ranking, including two Singapore-headquartered bitcoin miners making their first appearance on the list. Bitdeer Technologies Group (No. 401) with US$620.3 million in revenue, and BitFuFu (No. 475) with US$477.5 million, are the first crypto-mining companies ever to qualify for the Fortune Southeast Asia 500, a sign that the region’s corporate landscape is broadening into new categories even as the bar to compete rises sharply.

Among movers, Yanlord Land fell 98 places as revenue dropped 60.5%, and Lopez Holdings fell 94 places on a 49.5% revenue decline. On the upside, both standout risers came from Indonesia: Hartadinata Abadi climbed 115 places on revenue growth of 135%, while Barito Pacific rose 102 places on growth of 220%.

Among the 500 companies, 40 are led by female CEOs — including Tan Su Shan of DBS (No. 8), who ranks sixth globally and first in Asia on Fortune’s 2026 Most Powerful Women in Business list.

In his introduction to the new list in the June/July issue of Fortune Asia magazine, editor, Asia, Nick Gordon notes, the Fortune Southeast Asia 500 captures “Southeast Asia shrugged off tariffs and trade protectionism last year to remain one of the world’s most dynamic regions. Southeast Asian countries are vital nodes in global supply chains; foreign investment from both Asia and the West is pouring in; and the region’s young, mobile-savvy consumers are driving domestic spending.”

The 2026 Fortune Southeast Asia 500 list and stories are available internationally on Fortune.com/asia and on newsstands across Asia starting today, June 16. The list and rankings can be viewed at https://fortune.com/asia/ranking/southeast-asia-500/2026/.

About Fortune

Fortune is the premier global media company for global business leaders, built on a 96-year-old legacy of trusted, award-winning journalism. Independently owned, Fortune tells the story of business, spanning legacy companies to the world’s new generation of innovators. Fortune measures corporate performance through rigorous benchmarks, and holds companies accountable, in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World’s Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Fortune Global Forum , Fortune Brainstorm Tech, and Fortune Most Powerful Women. For more information, visit fortune.com.

Media Contacts:

Patrick Reilly
Fortune
Patrick.Reilly@fortune.com

Charmian Choo
Fortune in Asia
Charmian.CHOO@fortune.com

Chelsea Hudson
Fortune
Chelsea.Hudson@fortune.com

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SOURCE Fortune Media (USA) Corporation