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Arqit does an industrial demonstration – GuruFocus.com

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LONDON, May 11, 2022 (GLOBE NEWSWIRE) — Arqit Quantum Inc. (“Arqit”), a leader in quantum encryption technology, and Blue Mesh Solutions Limited (“Blue Mesh”), a UK-based sensor and ‘IoT, have successfully completed and demonstrated a Quantum Secure “MQTT” (MQ Telemetry Transport) service for Industrial IoT.

The project was funded by the UK government’s Department for Digital, Culture, Media and Sport (DCMS) 5G Trials and Testbeds programme.

The global Industrial Internet of Things market is potentially very large. However, due to the limited computing resources typically used in IoT sensors and the proliferation of endpoints, encryption is often overlooked, with 83% of all online IoT transactions being in plain text according to cloud security firm Zscaler.

Arqit and Blue Mesh have collaborated to integrate Arqit’s QuantumCloud™ to secure sensor network equipment through a security enhancement of an internationally standardized protocol known as MQTT, which is a ubiquitous method used to send data from industrial IoT devices to cloud servers for data manipulation and analysis.

Adding a layer of security to the existing MQTT standard increases the protection of IoT systems used in mission-critical assets such as ports, petrochemical industries, and railway networks.

Arqit Founder, President and CEO David Williams said: “We are delighted to have provided this capability to improve industrial IoT security. Our core product, QuantumCloud™, offers more powerful and simpler key agreement technology to counter the threats we read about every day, and it has built-in protection against future quantum attack threats. We believe QuantumCloud™ provides a significant advantage to many potential customers in mission-critical IoT networks by solving MQQT encryption issues and ensuring privacy.

Blue Mesh Solutions Managing Director Richard Brooks said: “Having the opportunity to work with Arqit’s QuantumCloud™ to build the world’s most secure live IoT sensor data solution is extremely important for the future of IoT, artificial intelligence, surveillance state, autonomous transportation, and any number of digital systems that require the highest level of asset and data security.By increasing IoT data security to a quantum safe level, we can help protect all electrical, chemical, transportation and energy assets that require the highest level of operational data security.

About Arqit

Arqit provides a unique quantum encryption platform as a service that secures the communication links of any networked device against current and future forms of attack, even from a quantum computer. Arqit’s product, QuantumCloud™, allows any device to download a lightweight software agent, which can create encryption keys in partnership with any other device. The keys are computer-secured, optionally single-use and trustless. QuantumCloud™ can create unlimited volumes of keys in unlimited group sizes and can regulate secure entry and exit of a device into a group. The addressable market for QuantumCloud™ is each connected device.

Media Relations Inquiries:
Arqit: [email protected]
FTI advice: [email protected]

Investor Relations Requests:
Arqit: E : [email protected]
Bridge: [email protected]

About Blue Mesh Solutions (BMS)

BMS is a leading UK technology company providing innovative IoT solutions to improve traditional ways. They work closely with UK5G and the DCMS 5G Testbed program.

Their mission is to help make sense of the data collected by sensors through 5G networks and help their customers turn an experimental idea or system into proven solutions.

Ongoing projects they are currently involved in include:

1. Smarter Parking – using Bluetooth sensors – and Google Maps for the parking space to show drivers when it is free.
2. AI-powered predictive maintenance – using 5G and our own sensor data network, helping to make long-term management of large assets powered by AI.
3. Make IoT data unbreakable – using QuantumCloud for security and MQTT for the communication layer.

They have technology collaborations with Nordic Semiconductor, Wirepas, Cambridge University and Arqit, as well as collaborations with Google, Wayra, Cambridge University, Center for Smart Infrastructure, Cambridge Science Park and Three.

Media Relations Inquiries:
BMS: [email protected]

Caution Regarding Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, may be forward-looking statements. These forward-looking statements are based on Arqit’s expectations and beliefs regarding 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 contained 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 might affect it. Except as required by law, Arqit undertakes no obligation and does not intend to update or revise any forward-looking statements contained in this communication or elsewhere after the date of publication of this communication. In light of these risks and uncertainties, investors should keep in mind that the results, events or developments discussed in any forward-looking statements 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 contained in this release include, but are not limited to: (i) the outcome of any legal proceedings that may be brought against Arqit regarding the business combination, (ii) the ability to maintain the listing of Arqit’s securities on a national stock exchange, (iii) changes in the competitive and regulated industries in which Arqit operates, variations in operating performance between competitors and changes in laws and regulations affecting Arqit’s business, (iv) the ability to implement business plans, forecasts and other expectations, and to identify and realize additional opportunities, (v) Arqit’s potential inability to convert its pipeline of contracts or pending orders into revenue, (vi) Arqit’s potential inability to successfully deliver its operating technology which is still under development, (vii) the risk of interruption n or failure of Arqit’s information and communication technology system, (viii) the enforceability of Arqit’s intellectual property Arqit, and (ix) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Caution Regarding Forward-Looking Statements” in Arqit’s Annual Report on Form 20-F (the “Form 20-F ”), filed with the United States Securities and Exchange Commission (the “SEC”) on December 16, 2021 and in subsequent filings with the SEC. Although the list of factors discussed above and in Form 20-F and other filings with the SEC are believed to be representative, no such list should be considered a complete statement of all risks and uncertainties. potentials. Factors not listed may present additional material impediments to the making of forward-looking statements.

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