Arqit Quantum Inc. Ordinary Shares - ARQQ STOCK NEWS

Arqit Quantum Inc. will host a conference call on May 12, 2022, at 11:00 a.m. Eastern time to discuss its financial results for the six months ending March 31, 2022. The call will feature management highlights and a Q&A segment. Financial results will be announced before the call. Participants can register in advance and listen to a replay through the provided links. Arqit specializes in quantum encryption technology, offering QuantumCloud™, a service securing communications against current and future cyber threats.

Pixxel, a leader in hyperspectral remote sensing, has successfully closed a $25 million Series A funding round led by Radical Ventures. The funding will accelerate the production of Pixxel's hyperspectral satellite constellation, which aims to provide AI-powered insights to tackle climate issues. The first satellite is set to launch on SpaceX's Transporter-4 mission in April. Pixxel's innovative technology boasts 50x higher resolution than existing sensors and can analyze the Earth's surface in real-time across numerous applications, including agriculture and environmental monitoring.

Arqit Quantum has been selected by the UK Department for Digital, Culture, Media and Sports to develop a wideband quantum encryption solution for 5G Open RAN platforms. This initiative aims to enhance security against potential future cyber threats, including those posed by quantum computing. The project receives funding through the Future RAN Competition, supporting the UK Government's goal of shifting 35% of cellular traffic to Open RAN by 2030. Arqit’s QuantumCloud™ will play a key role in ensuring secure communications across devices.

Arqit Quantum Inc. announced the appointment of Boon Hui Khoo as an advisor to enhance its cybersecurity expertise in the APAC region. Khoo boasts over 40 years of experience in law enforcement, including roles as Singapore's Police Commissioner and President of INTERPOL. His advisory role is expected to drive discussions on cybersecurity and strengthen Arqit’s market presence. Arqit's QuantumCloud™ product aims to secure communications against current and future cyber threats, targeting all connected devices.

Arqit Quantum Inc announces a partnership with AUCloud, Australia’s leading sovereign cloud provider, to deploy its Federated Quantum System in Australia. This collaboration aims to enhance cybersecurity capabilities for the Australian Government and critical sectors. The partnership is aligned with the strategic AUKUS alliance. Arqit’s QuantumCloud™ technology will support secure communication for various sectors, including Defence and Financial Services. This initiative reinforces commitments under the UK-Australia Space Bridge agreement and aims to foster local industrial participation in quantum technologies.

Arqit Quantum has signed a contract with Australia’s SmartsatCRC to define Australian participation in its Federated Quantum System Project (FQS). This project aims to provide strategic control of Arqit's QuantumCloud™ technology to allied governments, enhancing interoperability. The initial phase will involve collaboration with the Australian Government and other partners to ensure local supply chain involvement. The contract is part of a broader agreement between the UK and Australian Governments, reflecting the importance of Australia as a key ally.

Virgin Orbit and Arqit Quantum have extended their collaboration, with Virgin Orbit licensing Arqit’s QuantumCloud^TM service to enhance protection for its launch operations. Arqit will exclusively utilize Virgin Orbit for its launch needs linked to anticipated government contracts. Additionally, Virgin Orbit has invested $5 million in Arqit’s shares. This partnership also includes two dedicated launches for Arqit’s satellites, reinforcing their commitment to providing quantum encryption solutions for defense clients.

Virgin Orbit and Arqit Quantum have expanded their collaboration to enhance space-based encryption services for global defense and intelligence clients. Under the agreement, Arqit has secured exclusive launch contracts with Virgin Orbit for up to five launches from Spaceport Cornwall starting in 2023. Additionally, Virgin Orbit obtained a quantum cloud encryption license to secure its operations. The partnership aims to serve customers from the Five Eyes intelligence alliance with dedicated systems, leveraging Arqit's QuantumCloud technology.

Arqit Quantum Inc. (NASDAQ: ARQQ, ARQQW) reported its fiscal year 2021 results, marking a significant transformation following its NASDAQ listing on September 7, 2021. Customer billings began in Q4 2021, aligning with expectations, and over $130 million in revenue contracts were secured with major corporations and governments. The company emphasizes a growing sales pipeline and robust business momentum. Fiscal highlights show a cash balance of $86.9 million and a loss before tax of $271.7 million, though an adjusted loss before tax was $15.6 million, reflecting underlying business performance.