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Arqit Quantum Inc (ARQQW) is a cybersecurity company providing a unique quantum-safe encryption Platform-as-a-Service. Their symmetric key agreement technology secures communication links and data against cyber attacks, including those from quantum computers. Arqit's QuantumCloud allows devices to create secure keys, operating in the cybersecurity services sector via satellite and terrestrial platforms.
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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 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 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 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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FAQ
What is the current stock price of Arqit Quantum Warrants (ARQQW)?
The current stock price of Arqit Quantum Warrants (ARQQW) is $0.0997 as of November 1, 2024.
What does Arqit Quantum Inc specialize in?
Arqit specializes in providing a quantum-safe encryption Platform-as-a-Service to secure communication links and data against cyber attacks, including quantum threats.
What is Arqit's key technology?
Arqit's key technology is a symmetric key agreement technology delivered through QuantumCloud, enabling devices to create secure keys and operate in the cybersecurity services sector.
How does Arqit protect against cyber attacks?
Arqit's technology secures communication links and data at rest of any networked device against current and future forms of cyber attacks, even from quantum computers.
What is the revenue source for Arqit?
Arqit generates key revenue from the UK through the provision of cybersecurity services via satellite and terrestrial platforms.
What sets Arqit Quantum Inc apart from competitors?
Arqit stands out for its innovative quantum-safe encryption technology and unique symmetric key agreement platform that ensures secure communication links and data protection.
How does Arqit Quantum Inc deliver its technology?
Arqit delivers its technology through QuantumCloud, allowing devices to download a lightweight software agent to create secure keys in partnership with other devices.
What segments does Arqit operate in?
Arqit operates in the cybersecurity services sector via satellite and terrestrial platforms, focusing on securing communication links and data against cyber attacks.
What recent achievement has Arqit Quantum Inc made?
Arqit has pioneered a symmetric key agreement technology that protects communication links and data at rest of networked devices against current and future cyber attacks, including quantum threats.
Is Arqit Quantum Inc's technology future-proof?
Arqit's quantum-safe encryption technology ensures that communication links and data are secure against current and future forms of cyber attacks, including those posed by quantum computers.
How does QuantumCloud work?
QuantumCloud allows devices to create secure keys through a lightweight software agent, enabling secure communication links and data protection in partnership with other devices.
Arqit Quantum Inc. Warrants