24.04.2024 13:00:07 - dpa-AFX: GNW-Adhoc: Satellite Applications Catapult trials Arqit Network SecureT
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 must ensure they are safe from both current and future cyber
threats including from quantum computing. Nation states and cyber adversaries
are known to be deploying "store-now, decrypt-later" attacks, stockpiling
encrypted data to decrypt it with the advent of quantum computing. There is an
urgent need to harden encryption for network infrastructure today both for users
transmitting data over satellite infrastructure as well as for the multitude of
organisations in the supply chain that develop and operate it.
David Williams, Arqit Founder, Chairman and CEO said:
"In an era where well-motivated state actors relentlessly target critical
sectors such as the satellite industry, the imperative for robust cybersecurity
measures has never been more urgent. Arqit's ground-breaking symmetric
encryption technology hardens networks and is simple to deploy making data
harvesting attacks impossible. We were delighted to trial Network Secure with
Satellite Applications Catapult and demonstrate how it could safeguard sensitive
IP and research data from current and future cyber threats."
Paul Febvre, CTO of the Satellite Applications Catapult said:
"Being prepared for a quantum future is an essential concern of CTOs and CIOs
across the globe, and taking incremental steps by exploring new technologies as
they become available improves awareness, skills and resilience against future
shocks.
"At the Satellite Applications Catapult, we are keen to lead by example through
building a better understanding of the operational challenges associated with
deployment and exploitation of technologies and systems.
"We are pleased to have been able to work with Arqit, and to test the
performance of their Symmetric Key Agreement Platform over existing hardware in
our network infrastructure. We anticipate that we will be deploying such
technologies into our operational systems to provide greater protection to our
communities in the future."
About Arqit
Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit) supplies a unique encryption
software service which makes the communications links of any networked device,
cloud machine or data at rest secure against both current and future forms of
attack on encryption - even from a quantum computer. Compatible with NSA CSfC
Components and meeting the demands of NSA CSfC Symmetric Key Management
Requirements Annexe 1.2. and RFC 8784, Arqit's Symmetric Key Agreement Platform
uses a lightweight software agent that allows end point devices to create
encryption keys locally in partnership with any number of other devices. The
keys are computationally secure and facilitate Zero Trust Network Access. It can
create limitless volumes of keys with any group size and refresh rate and can
regulate the secure entrance and exit of a device in a group. The agent is
lightweight and will thus run on the smallest of end point devices. The product
sits within a growing portfolio of granted patents. It also works in a standards
compliant manner which does not oblige customers to make a disruptive rip and
replace of their technology. Arqit is winner of two GSMA Global Mobile Awards,
The Best Mobile Security Solution and The CTO Choice Award for Outstanding
Mobile Technology, at Mobile World Congress 2024, recognised for groundbreaking
innovation at the 2023 Institution of Engineering and Technology Awards and
winner of the National Cyber Awards' Innovation in Cyber Award and the Cyber
Security Awards' Cyber Security Software Company of the Year Award. Arqit is ISO
27001 Standard certified. www.arqit.uk (http://www.arqit.uk)
About Satellite Applications Catapult
The Satellite Applications Catapult is an independent innovation and technology
company, created by Innovate UK to drive economic growth through the
exploitation of space. We work with businesses of all sizes to realise their
potential from space infrastructure and its applications. Based in Harwell,
Oxfordshire, the Catapult was established in May 2013 as one of a network of
centres to accelerate the take-up of emerging technologies and drive economic
impact for the UK. We are a not-for-profit research organisation which is
registered as a private company limited by guarantee and controlled by its
Board.
See sa.catapult.org.uk (https://sa.catapult.org.uk/) for more information.
Media relations enquiries:
Arqit: pr@arqit.uk (mailto:pr@arqit.uk)
Investor relations enquiries:
Arqit: investorrelations@arqit.uk (mailto:investorrelations@arqit.uk)
Gateway: arqit@gateway-grp.com (mailto:arqit@gateway-grp.com)
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
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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, (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 successfully
deliver its operational technology, (vi) the risk of interruption or failure of
Arqit's information technology and communications system, (vii) the
enforceability of Arqit's intellectual property, and (viii) 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 21 November 2023 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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