Scope AI Announces Name Change to Scope Technologies Corp.

Vancouver, British Columbia--(Newsfile Corp. - September 10, 2024) - Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope Technologies" or the "Company") is pleased to announce that it has rebranded to Scope Technologies Corp., effective September 9, 2024. This name change reflects a strategic evolution beyond artificial intelligence into a broader spectrum of cutting-edge technologies, particularly in the fields of quantum security and neural network applications.

Commenting on the name change, James Young, CEO of Scope Technologies Corp., said: "Our new name better reflects the company's evolution. While AI remains a core part of our business, we are now a broader technologies company, actively developing innovative solutions in data security, quantum security and AI neural networks. This rebranding aligns with our mission to provide advanced technological solutions that meet the growing demands of businesses across multiple industries."

The name change is part of a broader strategy to unify all of Scope Technologies' offerings under one brand, which now includes the QSE platform—a quantum-based encryption and quantum-proof cloud storage solution designed to protect businesses against both current and future digital threats. By leveraging the power of true entropy in encryption, and immutable decentralized cloud storage, QSE ensures robust protection, making sensitive data nearly impenetrable, even in the age of quantum computing.

As part of its commitment to continuous innovation, Scope Technologies is enhancing the QSE platform with its proprietary AI neural network and visual recognition technology. These advancements will optimize QSE's ability to detect potential threats and secure data faster and more efficiently, further reinforcing Scope Technologies' role as a leader in the quantum security space.

The updated brand will be reflected across the company's websites and marketing materials in the coming weeks. Scope Technologies currently operates two product-focused websites: qse.group and scopetech.ai. A new corporate website, scopetechnologies.io, will soon be launched to provide detailed information on the company's corporate governance, investor resources, and product developments.

The CUSIP number assigned to the Company's common shares following the name change will be 80917B109. No action will be required by existing shareholders with respect to the name change. Certificates representing common shares of Scope Technologies under the old name will not be affected by the name change and will not need to be exchanged.