Business
Arqit and DETASAD Announce Strategic Teaming Agreement
LONDON, June 12, 2023 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit”), a leader in quantum-safe encryption, and DETASAD, a leading
About this update from Arqit Quantum Inc.
[{"type":"text","content":"LONDON, June 12, 2023 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit”), a leader in quantum-safe encryption, and DETASAD, a leading provider of telecommunications and ICT services in the Kingdom of Saudi Arabia, today announced a strategic teaming agreement to collaborate on creating sovereign security solutions and services. The partnership will harness the power of Arqit’s QuantumCloud™ Symmetric Key Agreement Platform and DETASAD’s data sovereign cloud, cyber security and smart infrastructure solutions and services to provide unparalleled security solutions for DETASAD clients’ infrastructure, communications, data, devices, sensors and any type of networks across the MENA region. The rapid advancement of computing technology and the actions of cyber adversaries continues to expand the threat surface and make traditional encryption methods vulnerable to various cyber attacks. Arqit's ground breaking QuantumCloud™ is a software platform designed to deliver crypto agility and simple integration into existing networks. Sustainable into the quantum era, the hyperscalable solution protects information in transit and at rest from applications, to the cloud, to OT/IoT. This strategic partnership delivers sovereign encryption through DETASAD, leveraging its extensive network infrastructure, technical expertise, and market reach, to Governments, Critical Infrastructure and Commercial Enterprises. This collaboration will enable DETASAD to offer its customers in the Kingdom of Saudi Arabia, and the wider region, unparalleled levels of security and privacy, guarding against current and future cyber threats. Arqit’s QuantumCloud™ is the world’s first fully scalable platform based symmetric key agreement platform. Being secure by design it creates a zero trust network that creates encryption keys at any endpoint and removes the risk of key distribution. Commenting on the partnership, David Williams, Arqit Founder, Chairman and CEO said, \"We are thrilled to join forces with DETASAD to address the growing demand for enhanced protection against cyber attacks in the Kingdom of Saudi Arabia and across the Middle East. Our symmetric key agreement Platform is unique in enabling customers to take a major step forward in removing spoofing and the quantum threat from their risk registers. DETASAD’s extensive experience and mark...