LONDON, Nov. 2, 2023 /PRNewswire/ -- Arqit Quantum Inc.
(NASDAQ: ARQQ) (NASDAQ: ARQQW) (Arqit), a leader in quantum-safe
encryption, and DETASAD, a leading provider of telecommunications
and Technology Solutions in the Kingdom
of Saudi Arabia, today announced that Arqit's Sovereign
Symmetric Key Agreement Platform will be launched in the
Kingdom of Saudi Arabia by DETASAD
this month.
DETASAD, a market leader in data center and cloud services,
cybersecurity and intelligence infrastructure solutions proudly
announces expanding its cutting-edge partnership with Arqit, a
global leader in quantum-safe cybersecurity. Together, the team is
currently building a fully data-sovereign stack integrating Arqit's
groundbreaking Symmetric Key Agreement solution, a technology that
integrates seamlessly into existing networks to create trusted
connections and secure communication links for any networked
device, cloud machine or application. Secure against current and
future forms of attack on encryption including from a quantum
computer, the platform enhances security, resilience and the
dynamic management of today's networks.
This collaborative endeavour will not only drive the development
of Saudi-specific solutions atop this platform but will also
pioneer a local R&D partnership. The ultimate vision is to
translate locally created solutions into products for both the
Saudi market and the global export market, further bolstering the
Kingdom's Vision 2030 alongside supporting the UK Government's
National Cyber Strategy. DETASAD are looking forward to making this
unique proposition available to their customers commercially in the
next few weeks and are happy to demonstrate the capabilities
protecting their customer's businesses.
Under this innovative alliance, DETASAD and Arqit are planning
to integrate Arqit technology into DETASAD's MadeinSaudi Smart
Capacity Management to deliver state-of-the-art, locally-developed
cybersecurity to every endpoint - be it satellite or any other
platform within the DETASAD edge cloud.
"From this month, customers in the Kingdom of Saudi Arabia and across the region
will be able to benefit from enhanced security and resilience
against cyber attacks, delivered by DETASAD using Arqit's unique
Symmetric Key Agreement Platform" said David Williams, Arqit Founder, Chairman and
CEO. "With the increasing threat and proliferation of connected
devices, Arqit's crypto agile technology offers governments and
enterprises the ability to immediately benefit from higher
standards of network data and information assurance, sustainable
into the quantum era."
"At DETASAD, we are excited to embark on this transformative
journey with Arqit," said Felix
Wass, President & CEO. "Our partnership is more than
just a technological alliance – we are setting out to revolutionize
with a fully data-sovereign Symmetric Key Agreement Platform. We
are not only bringing technology to the Kingdom of Saudi Arabia but will complement it
and build a MadeInSaudi portfolio for the global markets."
"I am delighted to welcome this important announcement" said
Juliette Wilcox, the UK
Government's Cyber Security Ambassador. "Companies such as
Arqit are leading the way in demonstrating how the UK's cyber
expertise can enhance cyber capabilities across Saudi Arabia, helping to further strengthen
security across the Kingdom's cyberspace."
Notes to Editors
The announcement was made at the British Embassy in Riyadh, Wednesday 31 October, at an event
hosted by Juliette Wilcox, the UK
Government's Cyber Security Ambassador, ahead of the start of the
Global Cybersecurity Forum. Arqit Founder, Chairman and CEO
David Williams and DETASAD President
and CEO Felix Wass were both in
attendance.
In June 2023, Arqit and DETASAD
announced a Strategic Teaming Agreement to collaborate on
creating sovereign security solutions and services (Arqit, Arqit
and DETASAD announce Strategic Teaming Agreement, 12 June 2023, link).
About Arqit
Arqit supplies a unique Symmetric Key Agreement
Platform-as-a-Service which makes the communications links of any
networked device, cloud machine or data at rest secure against both
current and future forms of attack on encryption – even from a
quantum computer. Arqit's Symmetric Key Agreement Platform delivers
a lightweight software agent that allows devices to create
encryption keys locally in partnership with any number of other
devices. The keys are computationally secure and operate over zero
trust networks. It can create limitless volumes of keys with any
group size and refresh rate and can regulate the secure entrance
and exit of a device in a group. The agent is lightweight and will
thus run on the smallest of end point devices. The Product sits
within a growing portfolio of granted patents but also works in a
standards compliant manner which does not oblige customers to make
a disruptive rip and replace of their technology. 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. www.arqit.uk
About DETASAD
DETASAD is a Pioneer Solutions Provider of Technology Solutions
& Services in the Middle East
region since 1982 The company delivers cutting-edge solutions and
innovative services to a diverse customer base, including
government entities, enterprises, and consumers. DETASAD consider
as Saudi National entity achieved the regulator (NCA) highest score
at ECC "100%" and the CCC "93.55%" also DETASAD offers a
comprehensive range of offering solutions, including Satellite,
Cloud, Connectivity, Intelligent Infrastructure, Information
Security, Data Center, AI & IoT Solutions. For more
information, visit www.detasad.com.
Media relations enquiries:
Arqit: pr@arqit.uk
Gateway: arqit@gateway-grp.com
Investor relations enquiries:
Arqit: investorrelations@arqit.uk
Gateway: arqit@gateway-grp.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, (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
14 December 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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