Creotech Instruments SaGPW: CRI

Creotech Instruments Signs In-Consortium Deal For Quantum Key Distribution Project

· Issued by Creotech Instruments Sa

Creotech Instruments SA GPW:CRI:

  • SIGNS DEAL FOR PIONIER-Q-SAT PROJECT FOR EUROPEAN COMMISSION IN A CONSORTIUM LED BY POLAND'S NASK

  • PROJECT TO BUILD CROSS-BORDER QUANTUM KEY DISTRIBUTION LINK, VALUED AT ABOUT 9.9 MILLION EUROS

  • COMPANY'S SHARE IN PROJECT IS ABOUT 0.4 MILLION EUROS

  • PROJECT IS STRATEGIC AND WILL OPEN NEW PRODUCT LINE FOR QUANTUM SYSTEMS DIVISION