Unbreakable quantum encryption: the ‘holy grail’
Arqit’s quantum encryption product aims to protect any form of device from hacking, with a fully scalable, lightweight, cloud-delivered software product backed by its advanced satellite technology in the tech stack. With over US$130m in contracts and its first product launch - QuantumCloudTM Release 1 - due in H2 2021, Arqit’s QuantumCloudTM is a commercial reality with a range of major corporate and government customers already signed up.ARQ19 has solved problems in quantum encryption and its distribution that had previously made the concepts unusable. Arqit’s quantum-based encryption system encodes information into the quantum properties of individual particles of light to transmit information from space to Earth. The laws of physics prove this information cannot be stolen and so datacentres all over the world can use the quantum information to create secure (symmetric) encryption keys which are unbreakable, even by the power of future quantum computers.
Crucially, Arqit has developed a novel cryptographic protocol which translates the benefit of the quantum keys that the satellites distribute to global data centres into keys on software end points. So,two or more end-point devices to create locally identical copies of symmetric keys, with infinite frequency and group sizes. Arqit’s simple and elegant QuantumCloudTM product offering is software-light, suitable for even miniature IoT devices, and does not require customers to deploy expensive infrastructure.
Arqit has signed over US$130m of contracts with telecoms, government, and defence customers - the potential market (2024) at c. US$198bn looks sizeable. It is understandable why NASDAQ listed Centricus Acquisition Corp. is seeking to combine with Arqit, on a pro forma enterprise value of US$1bn.
Tsentrenergokholding PAO (Tsentrenergokholding OJSC) is a Russia-based holding company, which is engaged in the electric power sector. The Company mainly focuses on the investment and financing activities related to companies engaged in the electric power industry, as well as management of such companies. The Company operates domestically. It has several wholly owned subsidiaries, including OGK-2 OAO and affiliated companies. As of June 30, 2014, the Company's major shareholder was Gazprom Energoholding OOO.
Honeywell International is a technology and manufacturing company. The company has four segments: Aerospace, which supplies products, software and services for aircrafts; Honeywell Building Technologies, which provides products, software, solutions and technologies including building control and optimization, energy management, access control, video surveillance, fire products, and remote patient monitoring systems; Performance Materials and Technologies, which develops and manufactures chemicals and materials, process technologies and automation solutions; and Safety and Productivity Solutions, which provides products and software that improve productivity, workplace safety and asset performance.
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