Arqit is an innovative developer and provider of quantum-based encryption services based on its expertise in the combined fields of quantum cryptography and satellite technology.

Its stated ambition is to use transformational quantum encryption technology to keep safe the data of governments, enterprises and citizens. Online sales target every vertical, with direct sales in initial specific sectors: telcos, defence, automation, and financial services.

The company has assembled a Management Team that is rich in technology skills and contacts with top-level decision takers in leading companies and government bodies. Its shares have been traded on Nasdaq since September 2021, ticker ARQQ

09 Aug 2021

Centricus combination declared Effective by SEC

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Following unanimous approval by both companies’ Boards, on 2 August Arqit announced that that the SEC has declared effective the registration statement in connection with the proposed combination of Arqit with NASDAQ-listed Centricus, a major step towards the final deal. Centricus will hold an EGM for shareholders at 0900 (ET) on 31st August to approve the associated proposals.

On 2 August 2021 Arqit also announced release of the first version of its Platform-as-a-Service, QuantumCloud™ 1.0, which offers its clients secure communications channels and data for cloud-based, edge or end-point devices on a global basis. Arqit reports that the service was successfully tested with customers in Q2, with SDKs subsequently being shipped to customers.

As announced in June 2021, Arqit also established its Federated Quantum System (FQS) to meet governmental preferences for “Private Instances” access to secure cloud technology, in collaboration with industry leaders.

The market for data encryption is estimated by experts to reach c.US$198bn by 2024. A combination with NASDAQ-listed Centricus would give Arqit a well-timed base to access this sizeable opportunity for its proprietary quantum-based encryption technology.

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