Welcome to our dedicated page for Arqit Quantum news (Ticker: ARQQ), a resource for investors and traders seeking the latest updates and insights on Arqit Quantum stock.
Arqit Quantum Inc (ARQQ) delivers cutting-edge quantum-safe encryption through its proprietary QuantumCloud platform, securing global communications against evolving cyber threats. This page provides authorized updates on the company's strategic developments and technological advancements.
Investors and cybersecurity professionals will find comprehensive coverage of press releases, earnings reports, and technology partnerships. Track announcements about symmetric key agreement innovations, platform-as-a-service enhancements, and enterprise security solutions.
All content is verified through primary sources to ensure accuracy. The news archive serves as a historical record of ARQQ's progress in quantum encryption and network security. Bookmark this page for streamlined access to operational updates and market position analyses.
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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. (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 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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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. 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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Arqit Quantum Inc. and Exclusive Networks North America announce a distribution agreement for Arqit's Symmetric Key Agreement Platform, providing protection against current and future cyber threats, including quantum computing. Arqit's platform simplifies and strengthens encryption, eliminating the need for complex public-key infrastructure and third-party trust. The US Government has directed agencies to implement symmetric-key protections for National Security Systems by December 31, 2023.
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Arqit Quantum Inc. announces a definitive securities purchase agreement for the sale and purchase of 12,820,513 ordinary shares and warrants in a registered direct offering. Existing shareholders also agree to purchase additional shares. The gross proceeds of the offering are expected to be approximately $16.2 million. The net proceeds will be used to support channel partnerships and for general corporate purposes.
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Arqit Quantum Inc. announces the launch of its third application product, Arqit WalletSecure™, a quantum-safe digital wallet for Ethereum-based transactions. The company aims to provide long-term security for the mainstream adoption of digital assets. Arqit has also entered into channel partnerships with major global technology vendors to integrate its software into their products.
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Arqit Quantum Inc. and SecureCloud+ announce partnership and supply contract for high-grade security solutions.
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Arqit Quantum Inc. announces the availability of the world's first integrated solution for quantum-safe VPN communications through a technology alliance with Juniper Networks. The solution enables quantum-safe encrypted connectivity between customer locations, providing enhanced protection against cyber attacks and reducing the quantum threat.
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