Arqit announces a partnership with Dell Technologies to bring quantum-safe solutions to its customers
14 December 2022 - 1:13AM
Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit”), a leader in
quantum-safe encryption announces that it has signed with Dell
Technologies (“Dell”) a “Dell OEM Engineered Solutions Pilot
Agreement”. Dell agrees to preload Arqit’s QuantumCloud™ software
on selected Dell hardware devices, enabling Dell sales teams to
sell the combined hardware and software as a single SKU to address
existing and new customer needs.
The initial target market is the US Federal
Government, including the Department of Defense (DoD), the Federal
Civilian Agencies and the Intelligence Community. Dell sales teams
will be able to offer Arqit QuantumCloud™ software and Arqit sales
teams will be able to offer Dell hardware and services in their
sales portfolios.
Arqit’s QuantumCloud™ is a unique symmetric key
agreement software which solves the problems of Public Key
Infrastructure (PKI) and the quantum computing threat.
QuantumCloud™ is the only product in the world with an
independently assured security proof demonstrating that its cloud
fulfilled symmetric encryption keys are zero trust and
quantum-safe.
The combined solution architecture for the DoD
enables Dell’s industry leading standards of excellence and quality
with quantum-safe encryption capability. QuantumCloud™ is capable
of protecting today against “Harvest Now, Decrypt Later” quantum
computing attacks and greatly improves the security of a variety of
applications, something unachievable with other post quantum
cryptographic methods. With the ability to digitally rotate
symmetric keys in real time and dynamically manage security groups
the solution offers significant mission advantage across today’s
growing threat surface.
Arqit Founder, Chairman
and CEO David Williams, said: “We are honored to work with
Dell, the leader in providing intrinsically secure infrastructure
and devices, comprehensive threat detection and response, data
protection and cyber recovery to government customers. America’s
service men and women need to be assured of the benefits of
stronger, simpler encryption to protect them against threats now
and in future. By partnering with the very best innovator in the
industry we have a great opportunity to do that in a comprehensive
way.”
About Arqit
Arqit supplies a unique quantum safe encryption
Platform-as-a-Service which makes the communications links or data
at rest of any networked device or cloud machine secure against
current and future forms of attack – even from a quantum computer.
Arqit’s product, QuantumCloud™, enables any device to download a
lightweight software agent, which can create encryption keys in
partnership with any number of other devices. The keys are
computationally secure, optionally one-time use and zero trust.
QuantumCloud™ can create limitless volumes of keys in limitless
group sizes and can regulate the secure entrance and exit of a
device in a group. Arqit believes it is the only company in the
market to have achieved Independent Assurance Review of its
Security Proof demonstrating that the software can produce
encryption keys which are zero trust and provably secure, i.e.
permanently safe against attack from even a full scale quantum
computer. This review was conducted by the GCHQ Accredited Centre
of Excellence in Cyber Security at the University of Surrey. The
addressable market for QuantumCloud™ is every connected device.
Arqit was recently awarded the Innovation in Cyber award at the UK
National Cyber Awards and Cyber Security Software Company of the
Year Award at the UK Cyber Security Awards.
Media relations
enquiries:Arqit:
contactus@arqit.ukFTI Consulting:
scarqit@fticonsulting.com
Investor relations
enquiries:Arqit:
investorrelations@arqit.uk Gateway:
arqit@gatewayir.com
About Dell
Dell Technologies helps organizations and
individuals build their digital future and transform how they work,
live and play. The company provides customers with the industry’s
broadest and most innovative technology and services portfolio for
the data era.
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 the Arqit related to the business
combination, (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 convert its pipeline into
contracts or orders in backlog into revenue, (vi) the potential
inability of Arqit to successfully deliver its operational
technology which is still in development, (vii) the risk of
interruption or failure of Arqit’s information technology and
communications system, (viii) the enforceability of Arqit’s
intellectual property, 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 December 16, 2021 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.
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