Arqit and Sumitomo to make Japan Quantum Safe
b'LONDON and NEW YORK, May 20, 2021 /PRNewswire/ -- Arqit Limited (Head Office: London SE1 2RE, United Kingdom; Founder and Chairman: DavidWilliams) (hereinafter, Arqit) and Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo;Representative Director, President and Chief Executive Officer: Masayuki Hyodo) (hereinafter,Sumitomo) today announce a long-term partnership to distribute Arqit\'s ground-breaking quantumencryptiontechnology for thebenefitoftheJapanese economy.\nSumitomo has signed a long-term distribution contract with Arqit and has secured the distributionrights to sell Arqit\'s technology to the Japanese government, enterprises and citizens.
- b'LONDON and NEW YORK, May 20, 2021 /PRNewswire/ -- Arqit Limited (Head Office: London SE1 2RE, United Kingdom; Founder and Chairman: DavidWilliams) (hereinafter, Arqit) and Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo;Representative Director, President and Chief Executive Officer: Masayuki Hyodo) (hereinafter,Sumitomo) today announce a long-term partnership to distribute Arqit\'s ground-breaking quantumencryptiontechnology for thebenefitoftheJapanese economy.\nSumitomo has signed a long-term distribution contract with Arqit and has secured the distributionrights to sell Arqit\'s technology to the Japanese government, enterprises and citizens.
- ItisasignificantimprovementnowonlegacyPKI encryptiontechnology, anddelivers protectionagainstquantum attack in future.The US Government department NIST published a White Paper in Aprilurging haste in the creation of new solutions to these problems Arqit and its partners have achievedjustsuchasolution.\nSumitomo expects to take a strong market lead in Japan in the exploitation of Arqit\'s technology toprotect the assets and information of the Japanese government, enterprises and citizens.The twoparties further intend to collaborate on new research and development to enhance Japaneseparticipationinthesupplychainandfor potentialjointbusinessoperation.
- "\nArqit Founder and Chairman David Williams said: "The technology we have developed has thepotential to be of significance on a global basis.The world needs stronger, simpler cyber security andit is important that we make international partnerships with allied countries to protect each other\'sinterests.I am delighted to announce such a strong partnership with Sumitomo, which has been apioneering and creative partner during the development phase of Arqit\'s technology.We look forwardtomanyyearsofclose collaborationandmutual benefitin partnershipinJapan.
- "\n'