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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Quantum Xchange Gains Industry Momentum; Addresses the Shortcomings of Modern-Day Encryption

February 26, 2019

BETHESDA, Md.--(BUSINESS WIRE)--Feb 26, 2019--Quantum Xchange, provider of the first quantum key distribution (QKD) network in the U.S., today announced their continued upward momentum, marked by numerous industry awards and earned speaking engagements scheduled for the first half of the year. Quantum Xchange is recognized as a provider of the most secure, hardened encryption available to address the shortcomings of today’s encryption standards, and the imminent threat of quantum computers. Today, Quantum Xchange offers commercial enterprises and government entities quantum communications over unlimited distances.

“Since our formal company launch in June 2018, Quantum Xchange has accomplished some incredible things, not the least of which was to initiate, for the first time in the United States, quantum key travel from Wall Street, under and across the Hudson River and past the Statue of Liberty to northern New Jersey,” said John Prisco, President and CEO, Quantum Xchange. “Our developments will ensure the future of encryption regardless of quantum computing power, and we are grateful to offer a solution that is effective today while nefarious actors harvest and stockpile data that they will read when a suitable quantum computer is available.”

In January, Prisco was named a 2019 Cyber Star by DCA Live, a list that honors the entrepreneurs, investors, and community leaders who are solving big problems, and creating jobs and billions of dollars of new wealth in the greater Washington region. Taking the company’s vision further across the U.S., Prisco will speak at events in both San Diego and Boston next month. Starting with the Optical Society’s (OSA) OIDA Executive Forum, Prisco will serve as a panelist for the Commercial QKD and Encryption session on March 4. He will then present the QKD Hardware Markets session on March 20 at the Inside Quantum Technology event, The Future of Quantum Computing, Quantum Cryptography and Quantum Sensors.

In between these events, Quantum Xchange will spend a week at the RSA Conference in San Francisco, where newly appointed advisor Whitfield Diffie will present on the Cryptographer’s Panel on March 5. Shortly after, Prisco will make a special appearance at South by Southwest (SXSW) in Austin, Texas where the company’s quantum fiber network, Phio, will exhibit as a finalist for the SXSW Interactive Innovation Awards. Attendees of the events that Prisco is set to speak at, and attend, in the coming weeks will gain comprehensive insights into the commercial future of all areas of quantum technology, including the latest opportunities in areas such as financial services, pharma and specialty chemical, healthcare, automotive and transportation, defense, government and R&D.

As a provider of quantum key distribution and secure communications, Quantum Xchange gives commercial enterprises and government agencies the ultimate defense to keep high-value data safe – today, tomorrow and in the future. For more information about Quantum Xchange, please visit https://quantumxc.com/.

About Quantum Xchange

As a provider of quantum key distribution and secure communications, Quantum Xchange gives commercial enterprises and government agencies the ultimate defense to keep high-value data safe – today, tomorrow and in the future. Offering the first and only quantum-secured network in the United States, Quantum Xchange enables organizations to send secured data over long distances using the laws of quantum physics. Leveraging the proven secure Quantum Key Distribution (QKD) method and its own exclusive Trusted Node technology for unlimited point-to-point distances, Phio by Quantum Xchange addresses the shortcomings inherent with modern-day encryption: the ability for keys to be intercepted, corrupted or exposed during transmission, and the imminent threat of quantum computers. To learn more about the future of security realized today, visit QuantumXC.com or follow us on Twitter @Quantum_Xchange.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190226005196/en/

CONTACT: Media

Kate D. Shapiro

kate@golaunchtech.com

410-698-5211

KEYWORD: UNITED STATES NORTH AMERICA MARYLAND

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE INTERNET NETWORKS SOFTWARE TELECOMMUNICATIONS SECURITY

SOURCE: Quantum Xchange

Copyright Business Wire 2019.

PUB: 02/26/2019 09:00 AM/DISC: 02/26/2019 09:01 AM

http://www.businesswire.com/news/home/20190226005196/en