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Arqit Quantum Inc. Warrants - ARQQW STOCK NEWS

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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. has partnered with the Centre for Digital Trade and Innovation (C4DTI) to enhance digital trade security. This collaboration, guided by the International Chamber of Commerce (ICC) UK, aims to create interoperable trade solutions while ensuring compliance with the Model Law on Electronic Transferable Records (MLETR). Arqit, a leader in quantum-safe encryption technology, will contribute by developing solutions that facilitate secure digital trading processes, thus potentially lowering transaction costs. The C4DTI seeks to accelerate the digitalisation of trade in the UK, with support from the Tees Valley Combined Authority. Arqit’s TradeSecure® technology is central to this initiative, addressing the growing cybersecurity threats and enhancing the integrity of digital trade.

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Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) announced a definitive securities purchase agreement to sell 10 million ordinary shares and warrants to purchase 7.5 million shares at a combined price of $2.00. The gross proceeds are expected to be around $20 million, intended to enhance international customer service and support growth from channel partnerships. The offering is set to close on or about February 22, 2023. The warrants will be exercisable at the same price and expire five years from issuance. H.C. Wainwright & Co. acts as the placement agent.

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Arqit Quantum Inc. (NASDAQ: ARQQ, ARQQW) announced the appointment of Tracey Pretorius as SVP Cyber Security Strategy on December 15, 2022. Pretorius, formerly a partner at Google and with an 18-year tenure at Microsoft, brings extensive experience in cloud and cybersecurity strategy. CEO David Williams highlighted her role in managing partnerships, especially following recent integrations with three hyperscale vendors. The company focuses on quantum-safe encryption through its product QuantumCloud™, targeting every connected device and aiming to secure communications against future attacks.

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Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) reported $20 million in revenue for FY 2022, a significant increase from $48,000 in FY 2021. Key highlights include the development of QuantumCloud™ software, which eliminates the need for satellite infrastructure, and partnerships with industry leaders like Fortinet and AWS to enhance market reach. The company anticipates positive impacts on future financial results from innovation and new channel partnerships. However, administrative expenses surged to $72.2 million, affecting overall profitability.

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Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) has announced a pivotal change in its technology strategy aimed at enhancing its financial future. The company will now utilize a terrestrial delivery method for replicated entropy, eliminating the need for satellite infrastructure in its core QuantumCloud™ product. This shift is expected to reduce operational costs and generate additional revenue through the licensing of its quantum satellite IP. Arqit plans to sell its currently under-construction satellite to customers with ultra-secure needs, while continuing its contract with the European Space Agency.

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Arqit (NASDAQ: ARQQ), a leader in quantum-safe encryption, has joined Fortinet's Fabric-Ready Partner Program. The partnership has resulted in the integration of Arqit QuantumCloud™ with Fortinet’s Next Generation Firewalls, enhancing cybersecurity by creating quantum-safe encrypted connectivity. This integration aims to protect data both at rest and in transit, particularly against advanced cyber threats. David Williams, Arqit's CEO, emphasized the importance of this collaboration in fortifying defenses against future quantum attacks, while John Maddison from Fortinet welcomed Arqit into their Open Ecosystem.

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Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) has signed a pilot agreement with Dell Technologies to preload Arqit's QuantumCloud™ software on selected Dell hardware. This collaboration targets the U.S. Federal Government, including the Department of Defense. QuantumCloud™ is a unique solution offering quantum-safe encryption, addressing vulnerabilities in Public Key Infrastructure. The partnership aims to enhance security capabilities against quantum threats, enabling both companies to leverage their products in government sales.

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Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) has signed a contract with Traxpay GmbH to provide quantum-safe digital finance instruments through its TradeSecure service. This innovative solution utilizes distributed ledger technology to enhance security and efficiency in supply chain financing, supporting a market worth up to $17 trillion. With the UK government's new legislation, the Electronic Trade Documents Bill, set to legalize electronic transfers, Arqit's offerings aim to combat cybersecurity threats posed by quantum computing. Full-scale launch is anticipated in 2023.

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Arqit (Nasdaq: ARQQ, ARQQW) has integrated its QuantumCloud™ with Amazon S3, enhancing quantum-safe encryption for AWS customers. This cloud-based solution offers secure symmetric key agreements designed for scalability and flexibility. With over 200 trillion objects in Amazon S3, Arqit aims to tap into a vast market for secure digital communications. This partnership marks a significant step in delivering encryption solutions globally, enabling clients like Traxpay to innovate financial products with robust security. The collaboration leverages AWS's extensive cloud offerings and security features.

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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

Nasdaq:ARQQW

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ARQQW Stock Data

11.55M
Software - Infrastructure
Technology
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United States of America
London