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Arqit Quantum Inc. Ordinary Shares - ARQQ STOCK NEWS

Welcome to our dedicated page for Arqit Quantum Ordinary Shares news (Ticker: ARQQ), a resource for investors and traders seeking the latest updates and insights on Arqit Quantum Ordinary Shares stock.

Arqit Quantum Inc. (ARQQ) is at the forefront of cybersecurity innovation, providing a unique quantum-safe encryption Platform-as-a-Service. The company's core technology, known as symmetric key agreement, ensures the security of communications and data at rest against both current and future cyber threats, including those posed by quantum computing. This groundbreaking technology is delivered through Arqit's flagship product, QuantumCloud.

QuantumCloud enables devices to download a lightweight software agent that facilitates the creation of encryption keys in partnership with other devices, making it a versatile solution for securing networked environments. The company operates predominantly in the cybersecurity sector, leveraging both satellite and terrestrial platforms to deliver its services.

Arqit generates significant revenue from the UK and has formed strategic partnerships to bolster its offerings. Recent collaborations include those with Traxpay and LuxAG. Traxpay, a tradetech company, provides working capital optimization through its Dynamic Financing Platform, while LuxAG is known for its securitization solutions and risk management services.

Arqit continues to make strides in enhancing its technology and expanding its reach. Recent projects include the establishment of the first Internet Protocol secure (IPsec) tunnel between Italy and Germany, in collaboration with Telsy, showcasing advanced quantum-safe protection methods.

The company's commitment to innovation is underscored by its continuous efforts to develop and refine its cybersecurity solutions, making it a critical player in the industry. Investors and stakeholders can stay informed about Arqit's latest updates and developments by following company announcements and industry news.

News

Arqit and Carahsoft Partner to Bring Symmetric Key Agreement Cybersecurity Product to the US Public Sector

Rhea-AI Summary
Arqit Quantum Inc. and Carahsoft Technology Corp. have announced a partnership to make Arqit’s unique Symmetric Key Agreement Platform available to US government agencies through Carahsoft’s reseller partners and various government contracts. Arqit’s platform aims to protect sensitive data from cyber adversaries employing 'store-now, decrypt-later' attacks and quantum computers. The partnership will enable government agencies to benefit from advanced cryptographic technology to ensure the resilience of critical systems.
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Arqit awarded ISO 27001 Certification for Information Security Management

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Arqit Quantum Inc. has received ISO/IEC 27001 certification for information security and cybersecurity protection, demonstrating its commitment to securing data. The certification further validates Arqit's encryption technology, offering a standards-compliant, easily integrated solution to protect against cyber threats, including those from quantum computers. The 2024 Global Risks report from the World Economic Forum emphasizes the urgency for enterprises to secure high-value data, highlighting the obsolescence of legacy encryption. Arqit's Founder, Chairman, and CEO, David Williams, stresses the importance of urgent action to secure data for the long term, as cyber insecurity remains a top risk for organizations.
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Ampliphae, HPE Athonet and Arqit deliver Quantum-Safe Private 5G using Symmetric Key Agreement

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Arqit Quantum Inc. and Ampliphae Ltd have successfully completed the SEViN-5G project, delivering enhanced quantum-safe security for Private 5G networks. The project, funded by Innovate UK, leveraged Ampliphae's network security analytics technology and Arqit's Symmetric Key Agreement Platform to protect against current and future cyber threats. Private 5G networks are crucial for industries like manufacturing, healthcare, defense, and smart cities, and the project's completion marks a significant milestone in ensuring their security.
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Arqit announces reseller agreement with Phalanx

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Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) announced a reseller agreement with Phalanx Solutions for Arqit’s Symmetric Key Agreement Platform and NetworkSecure™ Adaptor. The agreement aims to address the growing threats from cyber adversaries by providing quantum-safe encryption technology to enterprises, compliant with NSA standards and secure against quantum attack.
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Arqit, BT, and Fortinet Launch Quantum-Safe VPN to Protect Against Evolving Cyberthreats

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Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW), BT Group (LSE: BT.A), and Fortinet (Nasdaq: FTNT) have announced the launch of a commercially available, integrated product for quantum-safe virtual private network (VPN) communications using Symmetric Key Agreement. The joint solution aims to protect sensitive data against quantum threats and man-in-the-middle attacks, with general availability initially for customers in the UK and EU regions.
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Babcock develops cutting-edge communications and control technology in partnership with Arqit

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Babcock International Group (Babcock) (BAB.L) has developed SwarmCore technology, capable of controlling single or entire fleets of vehicles in a defence environment. The technology, demonstrated at the UK Ministry of Defence’s BattleLab site, is a collaboration with Arqit and supported by Innovate UK. SwarmCore can be operated autonomously or by remote human control, ensuring safe and secure data transmission and protection against cyber-attacks.
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Arqit Quantum Inc. Announces Financial and Operational Results for the Fiscal Year 2023

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Arqit Quantum Inc. (ARQQ, ARQQW) reported $5.6 million in revenue and other operating income for fiscal year 2023. Revenue from the sale of QuantumCloud™ symmetric key agreement encryption technology increased in the second half. The company signed 13 channel partnerships, including 8 in the second half, and introduced new applications of QuantumCloud™ technology. Arqit's financial results show both positive and negative aspects, with revenue decline and increased operating loss being notable negative points.
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Arqit Sets Fiscal Year 2023 Conference Call for Tuesday, November 21, 2023 at 11:00 a.m. ET

Rhea-AI Summary
Arqit Quantum Inc. (ARQQ) to Report Fiscal Year 2023 Financial Results on November 21, 2023. The global leader in quantum safe encryption will host a conference call with the Company’s Founder, Chairman, and CEO, David Williams, and CFO, Nick Pointon. A live webcast will be available on the Company’s website at ir.arqit.uk.
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DETASAD and Arqit announce pioneering partnership to elevate cyber security solutions

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Arqit Quantum Inc. and DETASAD announced the launch of Arqit's Sovereign Symmetric Key Agreement Platform in the Kingdom of Saudi Arabia. The platform integrates seamlessly into existing networks to create trusted connections and secure communication links. It is secure against current and future forms of attack on encryption, including from a quantum computer. DETASAD will be incorporating Arqit technology into its MadeinSaudi Smart Capacity Management to deliver state-of-the-art cybersecurity. The partnership aims to develop Saudi-specific solutions and pioneer a local R&D partnership. The ultimate vision is to translate locally created solutions into products for both the Saudi market and the global export market.
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Arqit Quantum Inc. Announces Closing of $16.2 Million Registered Direct Offering

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Arqit Quantum Inc. completes registered direct offering, raising approximately $16.2 million. Proceeds will support channel partnerships and general corporate purposes. Adjusted cash and cash equivalents as of August 31, 2023, is $46.3 million. Monthly operating costs reduced to approximately $3.2 million. Positive traction in onboarding major global technology vendors as channel partners.
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FAQ

What is the current stock price of Arqit Quantum Ordinary Shares (ARQQ)?

The current stock price of Arqit Quantum Ordinary Shares (ARQQ) is $30.5 as of December 20, 2024.

What is the market cap of Arqit Quantum Ordinary Shares (ARQQ)?

The market cap of Arqit Quantum Ordinary Shares (ARQQ) is approximately 368.4M.

What does Arqit Quantum Inc. do?

Arqit Quantum Inc. provides a quantum-safe encryption Platform-as-a-Service that secures communications and data against current and future cyber threats.

What is QuantumCloud?

QuantumCloud is Arqit's flagship product that allows devices to download a lightweight software agent to create encryption keys in partnership with other devices.

How does Arqit ensure cybersecurity?

Arqit uses a symmetric key agreement technology that secures communications links and data at rest against cyber attacks, including those from quantum computers.

Where does Arqit generate its revenue?

Arqit generates significant revenue from the UK, leveraging both satellite and terrestrial platforms to deliver its cybersecurity services.

What are some of Arqit's recent achievements?

Arqit has established the first IPsec tunnel between Italy and Germany with advanced quantum-safe protection methods and formed strategic partnerships with companies like Traxpay and LuxAG.

Who are some of Arqit's strategic partners?

Arqit has partnered with companies like Traxpay, a provider of working capital optimization solutions, and LuxAG, a specialist in securitization and risk management.

How does QuantumCloud work?

QuantumCloud enables any device to download a software agent that partners with other devices to create encryption keys, ensuring secure communication and data protection.

Why is Arqit's technology important?

Arqit's technology is essential because it provides robust cybersecurity solutions that are resilient against both current and future cyber threats, including those posed by quantum computing.

What industries can benefit from Arqit's technology?

Industries that require secure communications and data protection, such as finance, healthcare, government, and technology, can significantly benefit from Arqit's quantum-safe encryption solutions.

Where can I find the latest news about Arqit?

You can stay informed about Arqit's latest updates and developments by following company announcements and industry news on platforms like StockTitan.

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Arqit Quantum Inc. Ordinary Shares

Nasdaq:ARQQ

ARQQ Rankings

#3360 Ranked by Market Cap
N/A Ranked by Dividends

ARQQ Stock Data

368.37M
3.92M
66.92%
5.37%
3.26%
Software - Infrastructure
Technology
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