Arqit hires senior cyber security executive
December 15 2022 - 9:27AM
Arqit Quantum Inc. (NASDAQ: ARQQ, ARQQW) (“Arqit”), a leader in
quantum-safe encryption, today announced that Tracey Pretorius has
joined the company as SVP Cyber Security Strategy.
Tracey was a partner at Google driving product
engineering efforts across their Consumer Trust organisation. Prior
to that, she had an 18 year career at Microsoft Corporation where
she held various senior positions and led global efforts to help
customers benefit from a partner network that delivers world-class
cloud and AI solutions. Tracey has extensive experience in cloud
and cybersecurity strategy, incident response and corporate
communications.
Commenting, David Williams, Arqit
Founder, Chairman and CEO said, “I am delighted that
someone of Tracey’s experience and reputation has joined our
leadership team. Her deep knowledge of the cloud cyber security
landscape will be invaluable as we build out our partnership
strategies. We announced that three hyperscale vendors have
launched Arqit product integrations to their global customer bases
in the last week, and Tracey will be helping us to manage these and
other major initiatives globally.”
Tracey Pretorius, SVP Cybersecurity
Strategy at Arqit said: “The world is at an inflexion
point where technology companies and their users now know that they
all must upgrade their encryption. Arqit has proven that it has a
product which is uniquely capable of solving the problems and has
already begun to take this to scale with a very impressive roster
of new platform-as-a-service customers for QuantumCloud™. I have
held senior leadership roles at two trillion dollar software
companies in my career, and I am very excited about the future of
Arqit.”
About Arqit
Arqit supplies a unique quantum safe encryption
Platform-as-a-Service which makes the communications links or data
at rest of any networked device or cloud machine secure against
current and future forms of attack – even from a quantum computer.
Arqit’s product, QuantumCloud™, enables any device to download a
lightweight software agent, which can create encryption keys in
partnership with any number of other devices. The keys are
computationally secure, optionally one-time use and zero trust.
QuantumCloud™ can create limitless volumes of keys in limitless
group sizes and can regulate the secure entrance and exit of a
device in a group. Arqit believes it is the only company in the
market to have achieved Independent Assurance Review of its
Security Proof demonstrating that the software can produce
encryption keys which are zero trust and provably secure, i.e.
permanently safe against attack from even a full scale quantum
computer. This review was conducted by the GCHQ Accredited Centre
of Excellence in Cyber Security at the University of Surrey. The
addressable market for QuantumCloud™ is every connected device.
Arqit was recently awarded the Innovation in Cyber award at the UK
National Cyber Awards and Cyber Security Software Company of the
Year Award at the UK Cyber Security Awards.
Media relations
enquiries:Arqit:
contactus@arqit.ukFTI Consulting:
scarqit@fticonsulting.com
Investor relations
enquiries:Arqit: investorrelations@arqit.uk Gateway:
arqit@gatewayir.com
Caution About Forward-Looking
Statements
This communication includes forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements, other than statements of
historical facts, may be forward-looking statements. These
forward-looking statements are based on Arqit’s expectations and
beliefs concerning future events and involve risks and
uncertainties that may cause actual results to differ materially
from current expectations. These factors are difficult to predict
accurately and may be beyond Arqit’s control. Forward-looking
statements in this communication or elsewhere speak only as of the
date made. New uncertainties and risks arise from time to time, and
it is impossible for Arqit to predict these events or how they may
affect it. Except as required by law, Arqit does not have any duty
to, and does not intend to, update or revise the forward-looking
statements in this communication or elsewhere after the date this
communication is issued. In light of these risks and uncertainties,
investors should keep in mind that results, events or developments
discussed in any forward-looking statement made in this
communication may not occur. Uncertainties and risk factors that
could affect Arqit’s future performance and cause results to differ
from the forward-looking statements in this release include, but
are not limited to: (i) the outcome of any legal proceedings that
may be instituted against the Arqit related to the business
combination, (ii) the ability to maintain the listing of Arqit’s
securities on a national securities exchange, (iii) changes in the
competitive and regulated industries in which Arqit operates,
variations in operating performance across competitors and changes
in laws and regulations affecting Arqit’s business, (iv) the
ability to implement business plans, forecasts, and other
expectations, and identify and realise additional opportunities,
(v) the potential inability of Arqit to convert its pipeline into
contracts or orders in backlog into revenue, (vi) the potential
inability of Arqit to successfully deliver its operational
technology which is still in development, (vii) the risk of
interruption or failure of Arqit’s information technology and
communications system, (viii) the enforceability of Arqit’s
intellectual property, and (ix) other risks and uncertainties set
forth in the sections entitled “Risk Factors” and “Cautionary Note
Regarding Forward-Looking Statements” in Arqit’s annual report on
Form 20-F (the “Form 20-F”), filed with the U.S. Securities and
Exchange Commission (the “SEC”) on December 14, 2022 and in
subsequent filings with the SEC. While the list of factors
discussed above and in the Form 20-F and other SEC filings are
considered representative, no such list should be considered to be
a complete statement of all potential risks and uncertainties.
Unlisted factors may present significant additional obstacles to
the realisation of forward-looking statements.
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