Arqit appoints new Chief Technology Officer to drive innovation and growth

Rhea-AI Summary

Arqit Quantum (Nasdaq: ARQQ) has appointed Jonathan Nguyen-Duy as its new Chief Technology Officer (CTO). The quantum-safe encryption leader's new executive brings extensive cybersecurity experience from both enterprise and federal sectors.

Nguyen-Duy's background includes senior technical leadership positions at Intel and Fortinet, where he led security technology development teams. He previously served as Security CTO at Verizon, where he managed strategic partnerships and the Cyber Intelligence Center.

According to CEO Andy Leaver, the appointment aligns with Arqit's mission to protect global data from current and future cyber threats, with Nguyen-Duy's expertise expected to drive innovation and scaling of the company's quantum-safe encryption solutions.

Positive

• Strategic hire with extensive cybersecurity expertise from major tech companies (Intel, Fortinet, Verizon)
• Addition of experienced leadership in cryptographic security and cloud technologies
• Strengthening of technical capabilities in quantum-safe encryption development

Negative

• None.

LONDON, April 16, 2025 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit”), a leader in quantum-safe encryption, is pleased to announce the appointment of Jonathan Nguyen-Duy as Chief Technology Officer (CTO). He joins Arqit with an extensive background in cybersecurity in both the enterprise and federal sectors.

Jonathan brings a wealth of experience in developing and scaling advanced security solutions for global enterprises and critical infrastructure providers. With a track record of leading innovation in cryptographic security, cloud technologies, and network defence, he will play a pivotal role in advancing Arqit's mission to protect the world’s data from current and future cyber threats.

Prior to joining Arqit, Jonathan held senior technical leadership roles at Intel and Fortinet where he led teams in developing cutting-edge security technologies. Before that, he was Security CTO at Verizon, leading strategic partnerships and the Cyber Intelligence Center.

Andy Leaver, CEO of Arqit, commented: “We are delighted to welcome Jonathan to Arqit. His deep expertise in cybersecurity and experience in leading transformative technology initiatives will be instrumental as we continue to scale our quantum-safe encryption solutions. As cyber threats evolve, Jonathan’s leadership will ensure Arqit remains at the forefront of innovation.”

Notes to Editors

About Arqit

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit) supplies a unique encryption software service which makes the communications links of any networked device, cloud machine or data at rest secure against both current and future forms of attack on encryption – even from a quantum computer. Compatible with NSA CSfC Components and meeting the demands of NSA CSfC Symmetric Key Management Requirements Annexe 1.2. and RFC 8784, Arqit’s Symmetric Key Agreement Platform uses a lightweight software agent that allows end point devices to create encryption keys locally in partnership with any number of other devices. The keys are computationally secure and facilitate Zero Trust Network Access. It can create limitless volumes of keys with any group size and refresh rate and can regulate the secure entrance and exit of a device in a group. The agent is lightweight and will thus run on the smallest of end point devices. The product sits within a growing portfolio of granted patents. It also works in a standards compliant manner which does not oblige customers to make a disruptive rip and replace of their technology. Arqit is winner of two GSMA Global Mobile Awards, The Best Mobile Security Solution and The CTO Choice Award for Outstanding Mobile Technology, at Mobile World Congress 2024, recognised for groundbreaking innovation at the 2023 Institution of Engineering and Technology Awards and winner of the National Cyber Awards’ Innovation in Cyber Award and the Cyber Security Awards’ Cyber Security Software Company of the Year Award. Arqit is ISO 27001 Standard certified. www.arqit.uk

Media relations enquiries:

Arqit: pr@arqit.uk

Investor relations enquiries:

Arqit: investorrelations@arqit.uk

Caution About Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These forward-looking statements are based on Arqit’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Arqit’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how they may affect it. Except as required by law, Arqit does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect Arqit’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: (i) the outcome of any legal proceedings that may be instituted against Arqit, (ii) the ability to maintain the listing of Arqit’s securities on a national securities exchange, (iii) changes in the competitive and regulated industries in which Arqit operates, variations in operating performance across competitors and changes in laws and regulations affecting Arqit’s business, (iv) the ability to implement business plans, forecasts, and other expectations, and identify and realise additional opportunities, (v) the potential inability of Arqit to successfully deliver its operational technology, (vi) the risk of interruption or failure of Arqit’s information technology and communications system, (vii) the enforceability of Arqit’s intellectual property, (viii) market and other conditions, and (ix) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Arqit’s annual report on Form 20-F (the “Form 20-F”), filed with the U.S. Securities and Exchange Commission (the “SEC”) on 5 December 2024 and in subsequent filings with the SEC. While the list of factors discussed above and in the Form 20-F and other SEC filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realisation of forward-looking statements.

FAQ

Who is the new CTO of Arqit Quantum (ARQQ) and when was he appointed?

Jonathan Nguyen-Duy was appointed as Arqit Quantum's new CTO on April 16, 2025.

What is Jonathan Nguyen-Duy's previous work experience before joining ARQQ?

He held senior technical leadership roles at Intel and Fortinet, and served as Security CTO at Verizon, where he led strategic partnerships and the Cyber Intelligence Center.

What will be the new CTO's main responsibilities at Arqit (ARQQ)?

He will focus on advancing Arqit's quantum-safe encryption solutions and leading innovation in response to evolving cyber threats.

How does this appointment align with ARQQ's business strategy?

The appointment aims to strengthen Arqit's position in quantum-safe encryption and drive innovation while scaling their security solutions.