QuantLR teams with PacketLight in quantum encryption collaboration
Quantum Key Distribution (QKD) company QuantLR Ltd and PacketLight Networks Ltd have announced they will work together to form a more secure optical network by jointly developing an integrated QKD solution.
The announcement came following the recent signing of a Letter of Intent between the two companies. This committed them to cooperate and share information required for the development of the QKD solution as part of Layer 1 encryption of fibre optic links. The intention is to demonstrate the solution at the site of one of PacketLight Networks’ customers.
“We are happy to collaborate with PacketLight Networks to advance quantum encryption solutions that are proven to be the only ultimately secured solutions to any eavesdropping and hacking attempts of communication lines in the present and in the future,” said Yanir Farber, CEO of QuantLR (pictured). “The collaboration with a leading company such as PacketLight Networks will accelerate our development process and enables us to offer the market a low-cost solution. The quantum encryption market is predicted to reach a sales volume of more than US$24 billion in 2025 and we plan to be a significant player in this market.”
“Data security has become the most important aspect in datacentre connectivity over fibre and DWDM networks,“ commented Koby Reshef, CEO of PacketLight Networks. “Partnering with QuantLR will allow us to provide an innovative encryption solution leveraging quantum mechanics to maintain a high level of data encryption at an affordable cost, answering our customers’ future security needs as they evolve in both complexity and importance.”
About the partners
QuantLR is an OurCrowd Labs/02 seed stage incubator portfolio company. Based in Jerusalem, it aims to provide versatile low-cost quantum cryptographic solutions based on QKD technology to protect communicated data. QuantLR’s solutions will be presented to the market as a component embedded within 5G communication hardware vendor products, and as standalone products.
PacketLight NetworksTM is a RAD Group company. It offers a suite of 1U metro and long haul CWDM/DWDM and OTN solutions, as well as Layer 1 optical encryption for transport of data, storage, voice and video applications over dark fibre and WDM networks.
The OurCrowd Labs/02, seed stage incubator portfolio focuses on cutting-edge technology that will shape the future in innovative areas including AI, deep learning, autonomous transportation and smart cities. Located in Jerusalem, it is backed by OurCrowd, Motorola Solutions, Reliance Industries and Yissum, the technology transfer company of the Hebrew University.
For more informatio9n, visit www.quantlr.com, www.packetlight.com/, www.labs02.com