LONDON–(COMMERCIAL THREAD) – Arqit Quantum Inc. (“Arqit”), a leader in quantum encryption technology and Juniper Networks, a leader in secure AI-based networks, have signed a “Technology Alliance Partner Connect” agreement to explore a technology security network that protect against quantum security threats.
Cyber attackers regularly target networks to disrupt business operations. Arqit and Juniper will explore how network providers can apply quantum secure key exchange mechanisms to limit disruption and improve business resiliency. The growing use of software-defined networking and the ability to dynamically provision networks, along with more secure cryptographic key exchanges, offer network providers the ability to provide stronger, more active authentication of devices to secure organizational data against even a quantum attack.
Commenting on the partnership, Domenico Di Mola, vice president of engineering at Juniper Networks, said: “Quantum encryption is a promising technology to help secure networks against current and future threats, and we are excited to be working with Arqit on these new innovations. ”
Arqit Founder, Chairman and CEO David Williams said: “We are excited to partner with Juniper to demonstrate how QuantumCloud ™ can respond to quantum network security threats and make networking technology safer and more secure. Juniper’s mission to provide a secure network makes this partnership a natural complement for Arqit and our technologies.
As part of the Technology Alliance Partner Connect agreement, Juniper and Arqit will work together to explore and test the application of quantum security technologies, including Arqit’s innovative QuantumCloud ™ platform, to networks.
Arqit provides a unique quantum encryption platform as a service that secures the communication links of any networked device against current and future forms of attack, even from a quantum computer. Arqit’s product, QuantumCloud ™, allows any device to download a lightweight software agent of less than 200 lines of code, which can create encryption keys in partnership with any other device. Keys are IT secure, single-use, and trustless. QuantumCloud ™ can create unlimited volumes of keys in unlimited group sizes and can regulate the secure entry and exit of a device in a group. QuantumCloud ™ addressable market is that of each connected device.
On September 7, 2021, Arqit completed its business combination with Centricus Acquisition Corp. (“Centricus”), a special purpose acquisition company. The combined company retained the name Arqit Quantum Inc. Arqit is listed on the Nasdaq under the ticker symbols “ARQQ” and “ARQQW”.
Caution regarding forward-looking statements
This communication includes forward-looking statements. These forward-looking statements are based on Arqit’s expectations and beliefs regarding future events and involve risks and uncertainties which may cause actual results to differ materially from current expectations. These factors are difficult to predict with precision and may be beyond Arqit’s control. Forward-looking statements contained in this communication or elsewhere speak only as of the date of their publication. New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how they might affect it. Except as required by law, Arqit has no obligation to, and does not intend to update or revise any forward-looking statements in this communication or elsewhere after the date of publication of this communication. In light of these risks and uncertainties, investors should be aware that the results, events or developments discussed in any forward-looking statement made in this communication may not occur. The uncertainties and risk factors that could affect Arqit’s future performance and cause the results of the forward-looking statements in this press release to differ include, without limitation: (i) the risks that the business combination will disrupt plans and Arqit’s current operations, (ii) the outcome of any legal proceedings that may be brought against Arqit relating to the business combination, (iii) the ability to maintain the listing of Arqit’s securities on a national stock exchange , (iv) changes in the competitive and regulated industries in which Arqit operates, variations in operating performance between competitors, changes in laws and regulations affecting Arqit’s business and changes in the structure of combined capital , (v) the ability to implement business plans, forecasts and other expectations after the completion of the business combination, and identify and achieve ser additional opportunities, (vi) Arqit’s potential inability to convert its pipeline or backlo g orders into revenue, (vii) Arqit’s potential inability to successfully deliver its operational technology which is still in development , (viii) the risk of interruption or failure of Arqit’s IT and communications system, (ix) the applicability of Arqit’s intellectual property, and (x) other risks and uncertainties set out in the sections entitled “Risk Factors” and “Caution Regarding Forward-Looking Statements” in Arqit’s final prospectus relating to its business combination filed with the United States Securities and Exchange Commission (the “SEC”) on 30 July 2021 and in subsequent SEC filings. While the list of factors discussed above and the list of factors presented in the final prospectus are believed to be representative, none of these lists should be taken as a complete statement of all potential risks and uncertainties. Factors not listed may present additional material barriers to making forward-looking statements.