AIEE sign licence contract for Arqit QuantumCloud™
LONDON, UK - 2 August, 2023 - Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit”), a leader in quantum-safe encryption, and Advanced International Electronic Equipment Company WLL (AIEE), a leading provider of advanced communication solutions and support services across the Middle East, today announced the purchase of a licence for QuantumCloud™, Arqit’s Symmetric Key Agreement Platform.
Under the deal, AIEE will harness Arqit’s Symmetric Key Agreement Platform to offer unparalleled levels of resilience, security and privacy across open and closed networks, protecting customers from both current and future cyber threats including spoofing, harvesting and tampering. This important partnership builds on AIEE’s existing services that protect and manage data, communications, devices, sensors and network infrastructures across governments, critical infrastructure and commercial enterprises.
The threat surface facing governments and enterprises is expanding with the rapid advancement of computing technology and the actions of cyber adversaries, which is leaving traditional encryption methods vulnerable to cyber attacks. QuantumCloud™ is crypto agile and simple to integrate and scale into existing networks. It forms both a zero trust and split trust network, creating encryption keys at any endpoint and removing the risks associated with key distribution. QuantumCloud™ protects against todays cyber vulnerabilities and the future quantum threat, securing information in transit and at rest from applications, to the cloud, and from IoT/phone to gateways.
David Williams, Arqit Founder, Chairman and CEO said:
“Governments and enterprises are taking urgent action to ensure stronger resilience against cyber threats as they seek to remove both spoofing and the quantum threat from their risk registers. This partnership with AIEE will see Arqit’s unique Symmetric Key Agreement Platform deployed to deliver the enhanced protection against cyber attacks required by their customers across the region.”
Simon St Paul, AIEE Managing Director said:
“We are delighted to sign this licence agreement with Arqit and to work together on delivering enhanced protection for the advanced communication solutions we provide to customers across the Middle East region.”
AIEE was formed in 1990 to provide high level engineering support for National communication and IT networks across the Middle East region from its headquarters based in Kuwait. Since its formation AIEE has delivered some of the most advanced National networks in the region which support multiple sectors ranging from Defence to Oil. These networks provide vital communications for public safety users and National Infrastructure and require the highest level of protection against new and advanced cyber threats.
This cooperation with Arqit will allow AIEE to provide the highest level of protection commercially available on a local basis to its wide range of customers helping to harden networks against present and future cyber threats. AIEE was the first regional company to export technical services under ISO 9001 certification.https://www.aiee.com
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