LONDON, April 29, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption, today announced the creation of the World's First Quantum-Safe, 1.89 Tb IPsec products collaborating with Intel. Arqit and Intel have joined forces for out-of-the-box post-quantum cryptography solutions using Arqit's Symmetric Key Agreement Platform (SKA-Platform™) running on Intel Xeon Scalable processors. Combining Intel technologies with Arqit's SKA-Platform™ achieves high-pe ...

LONDON, April 24, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption, today announced the successful trial deployment of Arqit's Network Secure product by the Satellite Applications Catapult which works across the space sector to make use of and benefit from satellite technologies. The satellite sector is strategically important with long lived sensitive data and so is a prime target for intellectual property theft. Satellite sector organisations ...

LONDON, April 15, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption, announced today that D2BW Limited, an existing shareholder beneficially owned by Arqit's Founder, Chairman and Chief Executive Officer, David Williams, and Founder and Chief Technology Officer, David Bestwick has agreed to purchase 1,241,379 ordinary shares from Arqit, with total gross proceeds to Arqit prior to the deduction of expenses of approximately $900,000. The purchase p ...

LONDON, April 03, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption, announced today clarification regarding certain Form 144 filings. On a routine basis, Form 144 filings are made by officers and directors of the Company in connection with shares sold to cover tax obligations arising from the vesting of compensatory equity grants (also known as "sale to cover" transactions). Such "sale to cover" transactions do not represent any discretionary sa ...

LONDON, April 03, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), Traxpay GmbH (Traxpay) and Lux Kapitalmarkt Management AG (LuxAG), have entered into a trade and supply chain financing partnership for Lux AG to invest in digital negotiable instruments (DNIs), enabling businesses to use DNIs to get easy access to new pools of working capital. Leveraging Arqit's TradeSecure™ application that generates highly secure DNIs, Traxpay's superior supply chain finance (SCF) technology, an ...

Industry Overview - The quantum computing market was valued at $713.4 million in 2022 and is projected to grow to $6.5 billion by 2028, with a compound annual growth rate (CAGR) of 48.1% [1] - Significant investments have been made by governments, including €100 million by the European High Performance Computing Joint Undertaking and $844 million by the National Science and Technology Council in the U.S. for FY23 [1] Company: Honeywell International Inc. (HON) - Honeywell has developed the world's most powerful quantum computer with a quantum volume of 64, which was twice as powerful as alternatives at the time of its announcement [3] - The company utilizes Microsoft's Azure Quantum to enhance its applications in materials and chemistry sciences [3] - In January 2024, Honeywell raised $300 million for its quantum computing subsidiary, Quantinuum, which is valued at $5 billion [4] - For Q4 2023, Honeywell reported earnings per share (EPS) of $2.6 and revenues of $9.44 billion, aligning with market forecasts [4] Company: Arqit Quantum Inc. (ARQQ) - Arqit focuses on encryption services and offers platform-as-a-service (PaaS) for secure communications using quantum computing [5] - The quantum cryptography market is expected to grow from $128.9 million in 2023 to $455.3 million by 2030, at a CAGR of 19.8% [5] - For FY23, Arqit reported an operating loss of $84.4 million and had $44.5 million in cash, a 9% decrease from 2022 [5] - The stock is up 60% year-to-date, boosted by a reseller agreement with Total Computers [6] Company: IonQ, Inc. (IONQ) - IonQ has advanced the commercialization of quantum computing by offering hardware, software, licensing, training, and leasing services [7] - The company reported $22 million in revenue and $65.1 million in bookings for Q4 2023, representing a 166% annual growth [7] - IonQ experienced a net loss of $157.8 million and ended the period with $455.9 million in cash [8] - The stock is down 21% year-to-date, with an average price target of $16.63 compared to the current price of $9.54 [8]

LONDON, March 05, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption, today announced a reseller agreement with Total Computers (Total), the digital transformation experts, for Arqit's Symmetric Key Agreement Platform and NetworkSecure™ Adaptor. In an ever-connected world, enterprises need to take urgent action to strengthen their encryption to counter the growing threats from cyber adversaries. Compliant with NSA standards, Arqit's Platform as a ...

LONDON, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption was honoured to receive two Glomo awards at Mobile World Congress on February 28, 2024. The company took home the top honour in the CTO Choice: Outstanding Mobile Technology Award category, which was voted on by CTO's across the industry, including those from the world's major mobile phone companies, along with the award for Best Mobile Security Solution. David Williams Arqit Foun ...

LONDON and RESTON, Va., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced a partnership. Under the agreement, Carahsoft will be Arqit's Master Government Aggregator®, making Arqit's unique Symmetric Key Agreement Platform available through Carahsoft's reseller partners and NASA Solutions for Enterprise-Wide Procurement (SEWP) V, Information Te ...

LONDON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption, and Ampliphae Ltd (Ampliphae), a leader in network cyber security solutions, have today announced successful completion of a project that will deliver enhanced quantum-safe security for Private 5G networks. The Security Enhanced Virtualised Networking for 5G (SEViN-5G) project, funded by Innovate UK, the UK Government's innovation agency, leveraged Ampliphae's network security an ...