Arqit Quantum Inc Stock Price, News & Analysis

Arqit Quantum Inc. announced an extension of lock-up agreements with former shareholders of Arqit Limited and Centricus Heritage, LLC, signaling long-term support for the company. Originally established during the business combination with Centricus Acquisition Corp. in September 2021, the extensions apply to 105,886,259 of 108,585,000 shares. The lock-ups will prevent share transfers until September 3, 2022, unless determined otherwise by the board. CEO David Williams expressed confidence in the company's cybersecurity technology and its potential market momentum.

Arqit Quantum Inc. and Blue Mesh Solutions have successfully developed a Quantum Secure MQTT service for Industrial IoT, enhancing security standards in the sector. Funded by the UK Government's DCMS 5G Trials program, this initiative addresses the prevalent vulnerability in IoT transactions, with 83% occurring in plain text. Arqit's QuantumCloud™ technology integrates with MQTT to protect data transmissions across critical infrastructures like ports and railways. This advancement positions Arqit as a prominent player in the growing IoT security market.

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) announced that an independent report from the University of Surrey validates its QuantumCloud™ technology as a major advance in secure communications. The report confirms that Arqit's symmetric key agreement software provides zero-trust, computationally secure keys. This endorsement follows a rigorous technical review utilizing the Tamarin cryptographical tool, showcasing the robust methodology of Arqit's security protocols. CEO David Williams emphasized the timing of this validation aligns with recent national security initiatives advocating for enhanced encryption.

Arqit Quantum Inc. will host a conference call on May 12, 2022, at 11:00 a.m. Eastern time to discuss its financial results for the six months ending March 31, 2022. The call will feature management highlights and a Q&A segment. Financial results will be announced before the call. Participants can register in advance and listen to a replay through the provided links. Arqit specializes in quantum encryption technology, offering QuantumCloud™, a service securing communications against current and future cyber threats.

Pixxel, a leader in hyperspectral remote sensing, has successfully closed a $25 million Series A funding round led by Radical Ventures. The funding will accelerate the production of Pixxel's hyperspectral satellite constellation, which aims to provide AI-powered insights to tackle climate issues. The first satellite is set to launch on SpaceX's Transporter-4 mission in April. Pixxel's innovative technology boasts 50x higher resolution than existing sensors and can analyze the Earth's surface in real-time across numerous applications, including agriculture and environmental monitoring.

Arqit Quantum has been selected by the UK Department for Digital, Culture, Media and Sports to develop a wideband quantum encryption solution for 5G Open RAN platforms. This initiative aims to enhance security against potential future cyber threats, including those posed by quantum computing. The project receives funding through the Future RAN Competition, supporting the UK Government's goal of shifting 35% of cellular traffic to Open RAN by 2030. Arqit’s QuantumCloud™ will play a key role in ensuring secure communications across devices.

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.