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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 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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Arqit Quantum Inc. and Sierra Nevada Corporation Mission Systems UK announced a strategic partnership to create high-grade security solutions.
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Arqit Quantum Inc. and Advanced International Electronic Equipment Company have announced a license agreement for Arqit's Symmetric Key Agreement Platform, QuantumCloud™. This partnership will provide enhanced levels of resilience, security, and privacy across open and closed networks, protecting against cyber threats. QuantumCloud™ is a crypto agile platform that creates encryption keys at any endpoint, removing the risks associated with key distribution. The agreement will strengthen AIEE's existing services in data protection and network infrastructure management.
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An international consortium has completed the world's first quantum-secure cross-border electronic trade document transaction, paving the way for cheaper, simpler, and faster international trade. The successful pilot utilized electronic trade documents, including an electronic bill of lading and a digital promissory note, reconciled using a Distributed Ledger in both the UK and Singapore. The TradeTrust framework and Arqit's quantum notary technology were used to ensure document security. The shipment was tracked using IoT technology and its condition was monitored throughout the journey. A tamper-resistant digital record of the goods was minted onto an NFT using Kadena blockchain technology.
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Arqit Quantum Inc. announces its operational and financial results for the six months ended 31 March 2023. The company generated $2.6 million in revenue and other operating income. It launched a pivot in go-to-market strategy, focusing on selling its QuantumCloud™ platform as a service through channel partnerships. Arqit is considering the sale of its satellite division. It undertook a significant cost reduction initiative, resulting in a 30% decrease in monthly operating costs. The company had $41.5 million of cash and cash equivalents as of 31 March 2023.
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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 $1.29 as of December 20, 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