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Press Releases

Arqit announces participation in GSMA Post-Quantum Telco Network Taskforce

Arqit is a key member of the GSMA Post-Quantum Telco Network (“PQTN”) Taskforce established in September 2022 by the GSMA, the world’s largest member-led organisation supporting the global mobile ecosystem. The PQTN taskforce works to define policy, regulation and operator business processes globally for the enhanced protection of telecommunications in a future of advanced quantum computing.

Like many critical infrastructure sectors, telecoms require quantum-safe security systems in place to protect consumer and business data. Without this, sensitive information is already vulnerable to ‘Store Now, Decrypt Later’ attacks. Furthermore, new encryption techniques are required today in order to secure the proliferation of Internet of Things devices. The UK Government recently announced its National Quantum Strategy in which telecoms was identified as a priority sector.

The taskforce recently released a white paper which experts at Arqit co-authored, highlighting the impact assessment of post-quantum in telecoms and calls on operators to develop a Post-Quantum cryptography transition plan.

David Williams, Arqit Founder, Chairman and CEO said:

“We are honoured to work alongside other industry leaders with the GSMA to promote the adoption of quantum-safe solutions across telecoms networks. With our world-class experts and market leading symmetric key agreement platform, Arqit is ideally placed to be at the forefront of addressing the challenges quantum technology brings and to help mobile network operators protect themselves against the cyber threats of both today and tomorrow. We are pleased to note that the white paper recommended that symmetric key encryption is the most straight forward approach for the industry to achieve quantum safe security.”

Alex Sinclair, CTO, GSMA said:

“We’re very pleased to welcome Arqit as a GSMA member. We’re particularly looking forward to the team’s support with the PQTN Taskforce and to help map out the path to quantum-safe networks, devices and systems in the telecoms industry. Arqit’s expertise will be invaluable as the GSMA looks to convene the industry and help build secure and resilient telco networks that provide the foundations for the quantum computing era.”

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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.