Strategic Contract Wins
Arqit Quantum Inc. signed a three-year contract with a tier-one telecom network operator and secured a contract with the US Department of Defense, marking significant milestones in the telecom and defense sectors.
Key Partnerships and Collaborations
Collaboration with Intel on confidential computing, integrating Arqit Network Secure with Intel TDX, enhances data security during processing and presents new market opportunities.
Cost Management and Efficiency
The company's headcount decreased from 125 to 72 employees, reflecting disciplined cost control and efficient operations, while maintaining a focus on customer fulfillment.
Shift to Subscription Licensing Model
Transition from enterprise sales to subscription-based licensing aligns with customer interests and supports scalable growth, particularly in telecom.