Group Formed To Commercialize Quantum Cryptography - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News
News
1/23/2006
12:09 PM
50%
50%

Group Formed To Commercialize Quantum Cryptography

Vendors and a university have landed $2.5 million from the Australian government to develop devices that can store and transfer vast amounts of information with "impenetrable" encryption.

LONDON — A consortium of companies and universities led by MagiQ Technologies has formed a joint venture to commercialize diamond encrusted single photon (single particles of light) sources that are a crucial component of quantum cryptography systems.

The other major players are Silicon Graphics Inc., Qucor Pty Ltd and the University of Melbourne, Australia.

The group announced Monday (Jan. 23) it was awarded a $2.5 million grant by the Victoria government of Australia to develop devices capable of producing and using single photons for storing and transferring vast amounts of information with impenetrable encryption.

The Quantum Communications Victoria - Industry Development Initiative (QCV-IDI) is a University of Melbourne-led program.

Under terms of the agreement, all members of the joint venture will share in the development of intellectual property and commercialization of the photon sources.

"The Joint Venture places Victoria as a recognized centre of activity in the rapidly expanding global area of quantum communications and is expected to open new avenues of research in nanotechnology and photonics. We expect great advances, both scientific and economic, out of the Joint Venture," said Dr. Shane Huntington, CEO of QCV-IDI.

Andrew Hammond, Vice President of Marketing and Business Development at MagiQ added that the participants are confident partnering is the best way to accelerate the development of quantum cryptography.

MagiQ Technologies claims to be the first company to commercialize advances in quantum information. Founded in 1999, the privately-held company is headquartered in New York City with research & development laboratories in Somerville, Mass.

Qucor Pty Ltd is a more recent, 2003, start-up formed to commercialise technologies developed from R&D into quantum computing in Australia, mainly of those in universities like the Physics Department at Melbourne.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Commentary
CIOs Face Decisions on Remote Work for Post-Pandemic Future
Joao-Pierre S. Ruth, Senior Writer,  2/19/2021
Slideshows
11 Ways DevOps Is Evolving
Lisa Morgan, Freelance Writer,  2/18/2021
News
CRM Trends 2021: How the Pandemic Altered Customer Behavior Forever
Jessica Davis, Senior Editor, Enterprise Apps,  2/18/2021
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll