Arqit Quantum Inc Stock Price, News & Analysis

Arqit Quantum Inc. announced the appointment of Boon Hui Khoo as an advisor to enhance its cybersecurity expertise in the APAC region. Khoo boasts over 40 years of experience in law enforcement, including roles as Singapore's Police Commissioner and President of INTERPOL. His advisory role is expected to drive discussions on cybersecurity and strengthen Arqit’s market presence. Arqit's QuantumCloud™ product aims to secure communications against current and future cyber threats, targeting all connected devices.

Arqit Quantum Inc announces a partnership with AUCloud, Australia’s leading sovereign cloud provider, to deploy its Federated Quantum System in Australia. This collaboration aims to enhance cybersecurity capabilities for the Australian Government and critical sectors. The partnership is aligned with the strategic AUKUS alliance. Arqit’s QuantumCloud™ technology will support secure communication for various sectors, including Defence and Financial Services. This initiative reinforces commitments under the UK-Australia Space Bridge agreement and aims to foster local industrial participation in quantum technologies.

Arqit Quantum has signed a contract with Australia’s SmartsatCRC to define Australian participation in its Federated Quantum System Project (FQS). This project aims to provide strategic control of Arqit's QuantumCloud™ technology to allied governments, enhancing interoperability. The initial phase will involve collaboration with the Australian Government and other partners to ensure local supply chain involvement. The contract is part of a broader agreement between the UK and Australian Governments, reflecting the importance of Australia as a key ally.

Virgin Orbit and Arqit Quantum have extended their collaboration, with Virgin Orbit licensing Arqit’s QuantumCloud^TM service to enhance protection for its launch operations. Arqit will exclusively utilize Virgin Orbit for its launch needs linked to anticipated government contracts. Additionally, Virgin Orbit has invested $5 million in Arqit’s shares. This partnership also includes two dedicated launches for Arqit’s satellites, reinforcing their commitment to providing quantum encryption solutions for defense clients.

Virgin Orbit and Arqit Quantum have expanded their collaboration to enhance space-based encryption services for global defense and intelligence clients. Under the agreement, Arqit has secured exclusive launch contracts with Virgin Orbit for up to five launches from Spaceport Cornwall starting in 2023. Additionally, Virgin Orbit obtained a quantum cloud encryption license to secure its operations. The partnership aims to serve customers from the Five Eyes intelligence alliance with dedicated systems, leveraging Arqit's QuantumCloud technology.

Arqit Quantum Inc. (NASDAQ: ARQQ, ARQQW) reported its fiscal year 2021 results, marking a significant transformation following its NASDAQ listing on September 7, 2021. Customer billings began in Q4 2021, aligning with expectations, and over $130 million in revenue contracts were secured with major corporations and governments. The company emphasizes a growing sales pipeline and robust business momentum. Fiscal highlights show a cash balance of $86.9 million and a loss before tax of $271.7 million, though an adjusted loss before tax was $15.6 million, reflecting underlying business performance.

Arqit Quantum has partnered with NEOM Tech and Digital Company to develop a groundbreaking quantum security system aimed at protecting cognitive cities from cyber-attacks. The system will undergo trials in NEOM, with potential global exportation post-success. The quantum system promises superior energy efficiency and 99% reduced processing cycles compared to traditional encryption. Arqit aims to enable secure, cost-effective transactions and data control for users worldwide, leveraging its innovative distributed ledger technology.

Arqit Quantum Inc. will hold a conference call on December 16, 2021, at 10:30 AM Eastern to discuss its financial results for the fiscal year ending September 30, 2021. The results will be released prior to the call. The call will feature a presentation by management, followed by a Q&A session. Interested parties can join via the provided webcast or dial-in numbers.

The conference aims to highlight Arqit's quantum encryption technology and its platform, QuantumCloud™, addressing the security of connected devices against current and future cyber threats.

Arqit Quantum Inc. announced that former shareholders of Arqit Limited and Centricus Heritage, LLC have voluntarily entered into new lock-up agreements, reinforcing their long-term support for the Company. These lock-ups, originally established during the merger with Centricus Acquisition Corp. on September 3, 2021, will restrict share transfers until the financial results for the six months ending March 31, 2022, are released. CEO David Williams expressed gratitude for this commitment and highlighted recent achievements, including $130 million in contracted revenues.