"Horizon 2020 in many ways aligns with our vision. First, Horizon 2020 funding comes in the form of grants, and because of that, they do not increase our debt, nor does it give the EU any shares or voting control in Proton AG. Control of the company therefore remains with our team, allowing us to continue putting the priorities of the community first.

This grant also does not create any commitments on our part, other than using the funding for the purposes that we have outlined in our proposal to the European Commission. It does not alter our Swiss jurisdiction, nor can it compel us to do anything that would compromise the security of our product and privacy of our users in any way."