Arqit Quantum (ARQQ) won a three-year contract for its NetworkSecure technology with an undisclosed global tier 1 telecommunications company.
Financial details weren't disclosed.
Quantum-safe NetworkSecure technology will be deployed as part of the network-as-a-service suite, Arqit said Tuesday in a statement.
The telecommunications company operates in 32 countries, offering secure digital infrastructure with a backbone spanning over 600,000 kilometers of fiber, Arqit said.
Shares of Arqit rose 5.7% in recent Tuesday trading.
Price: 13.64, Change: +0.73, Percent Change: +5.65
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