Quantum Xchange Wins Gold for Startup of the Year in 2019 ISPG Global Excellence Awards

Quantum Key Distribution (QKD) service provider recognized for early success in securing high-value data

Bethesda, MD – Feb. 12, 2019 – Quantum Xchange, provider of the first quantum key distribution (QKD) network in the U.S., today announced that Info Security Products Guide (ISPG) has named the company a winner of two Global Excellence Awards. Quantum Xchange was awarded Gold in the category of Startup of the year (Founded in 2018), and the company’s commercial QKD service, Phio, won Silver for Innovation in Next Generation Security. Recognized among leading, global vendors in cybersecurity and information technology, Quantum Xchange stands out for raising the bar for modern-day encryption, giving organizations the ultimate solution to keep high-value data safe today, and well into the future.

The quantum threat comes just as the Internet of things (IoT) and 5G mobile connectivity are arriving, with higher security requirements than we have had before. Industry heavyweights are focused on the race for quantum computer supremacy, and other present-day concerns are rooted in the fact that nation-state actors and other nefarious agents are already harvesting and stockpiling encrypted data today for deciphering later. To combat these future and current challenges to secure communications, Quantum Xchange has built the first quantum-secured network in the United States.

“As a company breaking into a new market to address the changing threat landscape of the quantum era, we are grateful to be recognized by the ISPG Awards for both our early success, and the potential impact our innovative solution will have on the industry,” says John Prisco, President and CEO of Quantum Xchange. “While the positive impact of quantum computers is undeniable, there are also many challenges to secure communications created by their powerful processing capacity. If perfected, existing methods of encryption will cease to work – this is why Quantum Xchange is building our QKD network to span the entire country, with the goal of protecting all secure communications.”

Phio leverages the fundamental properties of quantum mechanics; using photons of light, not electronic bits, to transmit and receive quantum cryptographic keys between entities. By wrapping a classical encryption key with a photonic quantum key, the photon’s multiple quantum states and no-change, no-eavesdropping, and no-cloning attributes prevent the transmission of data or communication from being unknowingly interrupted, corrupted, cloned, or exposed; essentially bringing to market unbreakable key exchange for the sharing of critical information.

The first leg of the Phio network runs from Manhattan, N.Y. to New Jersey, serving clients that need to protect their mission critical data. Through an agreement with Zayo Group, a leading communications infrastructure provider, Quantum Xchange will extend the network from Boston to Washington, D.C. with over 800 kilometers of existing optical fiber, making connections in major cities along the route in order to provide services for the North Eastern corridor.

Quantum Xchange will be attending the 2019 RSA Conference in San Francisco next month. To learn more about how Quantum Xchange is enabling organizations to send secured data over long distances using the laws of quantum physics, schedule a meeting with us.

 

 

 

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