Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in
quantum-safe encryption, and Carahsoft Technology Corp., The
Trusted Government IT Solutions Provider®, today announced a
partnership. Under the agreement, Carahsoft will be Arqit’s Master
Government Aggregator®, making Arqit’s unique Symmetric Key
Agreement Platform available through Carahsoft’s reseller partners
and NASA Solutions for Enterprise-Wide Procurement (SEWP) V,
Information Technology Enterprise Solutions – Software 2
(ITES-SW2), National Association of State Procurement Officials
(NASPO) ValuePoint, E&I Cooperative Services Contract and OMNIA
Partners contracts.
Cyber adversaries employing “store-now,
decrypt-later” attacks and stockpiling encrypted data to crack it
open with quantum computers, presents long-term danger to
organizations with sensitive data. Arqit’s Symmetric Key Agreement
Platform will enable end-customers to move simply and securely from
a complex public-key infrastructure, which is vulnerable to a
powerful quantum computer and relies on third parties, to a
platform that is designed for the cloud and a world of connected
devices.
“We are pleased to partner with Carahsoft to
enable organizations to benefit from our unique Symmetric Key
Agreement Platform, which hardens existing networks up to
quantum-safe levels,” said David Williams, Arqit Founder,
Chairman and CEO. “Using our groundbreaking product,
end-customers can simplify and strengthen their encryption to keep
their data safe from current and future cyber threats.”
“With the addition of Arqit’s Symmetric Key
Agreement Platform to our offerings, we are able to provide
government agencies with the cutting-edge cybersecurity products
required to meet newly enhanced regulations,” said Brian
O’Donnell, Vice President of Cybersecurity Solutions at
Carahsoft. “We look forward to working with Arqit and our
reseller partners to supply the Public Sector with advanced
cryptographic technology that will ensure the resilience of our
critical systems.”
Arqit’s solutions are available through
Carahsoft’s SEWP V contracts NNG15SC03B and NNG15SC27B, ITES-SW2
Contract W52P1J-20-D-0042, NASPO ValuePoint Master Agreement
#AR2472, E&I Contract #EI00063~2021MA and OMNIA Partners
Contract #R191902. For more information, contact the Carahsoft team
at (571) 662-4771 or EcosystemVendors@carahsoft.com.
About Arqit
Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit)
supplies a unique encryption 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. Compliant with NSA
standards, 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. It also works in a standards
compliant manner which does not oblige customers to make a
disruptive rip and replace of their technology. Recognised for
groundbreaking innovation at the Institution of Engineering and
Technology awards in 2023, Arqit has also won the Innovation in
Cyber Award at the National Cyber Awards and Cyber Security
Software Company of the Year Award at the Cyber Security Awards.
Arqit is ISO 27001 Standard certified. www.arqit.uk
About Carahsoft’s Cybersecurity
Solutions Portfolio
Carahsoft's Cybersecurity solutions portfolio
includes leading and emerging technology vendors that enable
organizations to defend against cyber threats, manage risk and
achieve compliance. Supported by dedicated Cybersecurity product
specialists and an extensive ecosystem of resellers, integrators
and service providers, we help organizations identify the right
technology for unique environments and provide access to technology
solutions through our broad portfolio of contract vehicles. Our
cybersecurity portfolio includes solutions for Supply Chain Risk
Management, Cloud Security, Network & Infrastructure, Identity
& Access Management, Risk & Compliance and more, ensuring
comprehensive protection for organizations' cyber ecosystems.
Explore Carahsoft’s Cybersecurity solutions further here.
About Carahsoft
Carahsoft Technology Corp. is The Trusted
Government IT Solutions Provider®, supporting Public Sector
organizations across Federal, State and Local Government agencies
and Education and Healthcare markets. As the Master Government
Aggregator® for our vendor partners, we deliver solutions for
Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial
Intelligence, Open Source, Customer Experience and Engagement and
more. Working with resellers, systems integrators and consultants,
our sales and marketing teams provide industry leading IT products,
services and training through hundreds of contract vehicles. Visit
us at www.carahsoft.com.
Media relations enquiries:
Arqit: pr@arqit.uk
Gateway: arqit@gateway-grp.com
Mary Lange(703)
230-7434pr@carahsoft.com
Investor relations
enquiries:
Arqit:
investorrelations@arqit.ukGateway:
arqit@gateway-grp.com
Notes to Editors
“Store-now, decrypt-later” is a known
threat and concerning for data with a long-time value:
- US Congress: “The
rapid progress of quantum computing suggests the potential for
adversaries of the United States to steal sensitive encrypted data
today using classical computers and wait until sufficiently
powerful quantum systems are available to decrypt it” (Congress,
Quantum Computing Cybersecurity Preparedness Act, 21 December 2022,
link).
Symmetric cryptography is a solution
that can be implemented right now and can be used for both
encryption and key exchange:
- US National Security Agency
(NSA): “NSA considers using pre-shared symmetric keys in a
standards-compliant fashion a better near-term post-quantum
solution than implementing experimental post-quantum asymmetric
algorithms” (NSA, The Commercial National Security Algorithm Suite
2.0 and Quantum Computing FAQ, 7 September 2022, link).
The US Government has already directed
their agencies to implement symmetric-key protections for National
Security Systems (NSS):
- The White House:
“By December 31, 2023, agencies maintaining NSS shall implement
symmetric-key protections (e.g., High Assurance Internet Protocol
Encryptor (HAIPE) exclusion keys or VPN symmetric key solutions) to
provide additional protection for quantum-vulnerable key exchanges”
(The White House, National Security Memorandum on Promoting United
States Leadership in Quantum Computing While Mitigating Risks to
Vulnerable Cryptographic Systems, 4 May 2022, link).
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, (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 successfully
deliver its operational technology, (vi) the risk of interruption
or failure of Arqit’s information technology and communications
system, (vii) the enforceability of Arqit’s intellectual property,
and (viii) 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 21 November 2023 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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