Fintech PR

Arqit and SNC MS UK announce Strategic Teaming Agreement

Published

1 month ago

August 30, 2023

LONDON, Aug. 30, 2023 /PRNewswire/ — With two weeks until the start of DSEI 2023, Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit) and Sierra Nevada Corporation Mission Systems UK, LTD. (SNC MS UK) today announced a strategic partnership to collaborate on creating resilient high-grade security solutions and services. Arqit is a leader in quantum-safe encryption, while SNC MS UK provides leading intelligence, surveillance and reconnaissance (ISR) services to the United Kingdom and its coalition partners.

The partnership aims to harness the power of Arqit’s Symmetric Key Agreement Platform and SNC MS UK’s services to protect and manage data, communications, devices, sensors and network infrastructures across aerospace and national security customers. This collaboration will offer customers unparalleled levels of resilience, security and privacy across open and closed networks, guarding against both current and future cyber threats including spoofing, harvesting and tampering.

“We are thrilled to partner with Sierra Nevada Corporation Mission Systems UK to address the rising demand for enhanced protection against cyberattacks required by customers,” said David Williams, Arqit Founder, Chairman and CEO. “Arqit’s unique Symmetric Key Agreement Platform enables organisations and enterprises to realise stronger resilience against cyber threats and to take a significant step toward removing spoofing and the quantum threat from risk registers.”

The rapid advancement of computing technology and the actions of bad actors continues to expand the threat surface and make traditional encryption methods vulnerable to cyber attacks. Following secure-by-design principles, Arqit’s Symmetric Key Agreement Platform is crypto agile and both simple to integrate and scale into existing networks. It supports zero trust principles through life and splits trust network architectures by creating encryption keys at any endpoint, removing the risks associated with key distribution. It protects against today’s cyber vulnerabilities and the future quantum threat, securing information in transit and at rest from applications to the cloud, and from IoT/phone to gateways.

“SNC MS UK is a trusted provider of mission systems, autonomy, multi-domain and cross-domain solutions that leverage a combination of platform payloads for air, sea, land, space and cyber components,” said Hywel Baker, managing director of SNC Mission Systems UK. “Our customers need assurance that their systems and networks are secure and resilient against both current and future threats. Our partnership with Arqit will empower our defence and national security customers to stay ahead of the growing threat landscape.”

Notes to Editors

Arqit (booth H1-357) and SNC MS UK (booth H8-136) are exhibiting at DSEI 2023 and will be available for media opportunities and one-to-one meetings.

DSEI 2023: “Featuring over 2,800 defence and security suppliers – including major prime manufacturers plus more than 230 new exhibitors. DSEI is the premier hybrid event of its kind and is crucial in bringing governments, the armed forces and the wider industry together (DSEI, Join the International Defence community at DSEI, accessed 15 August 2023, link).

About Arqit

Arqit supplies a unique Symmetric Key Agreement Platform-as-a-Service which makes the communications links of any networked device, cloud machine or data at rest secure against both current and future forms of attack on encryption – even from a quantum computer. Arqit’s Symmetric Key Agreement Platform delivers a lightweight software agent that allows devices to create encryption keys locally in partnership with any number of other devices. The keys are computationally secure and operate over zero trust networks. It can create limitless volumes of keys with any group size and refresh rate and can regulate the secure entrance and exit of a device in a group. The agent is lightweight and will thus run on the smallest of end point devices. The Product sits within a growing portfolio of granted patents but also works in a standards compliant manner which does not oblige customers to make a disruptive rip and replace of their technology. Arqit was recently awarded the Innovation in Cyber award at the UK National Cyber Awards and Cyber Security Software Company of the Year Award at the UK Cyber Security Awards. www.arqit.uk

About SNC MS UK

SNC MS UK is a UK-based List X Defence company supporting autonomy and C5ISTAR services into the Royal Navy, Commando Force, Army, RAF, and Special Forces. We are a premier ISR provider delivering true coalition interoperability through compatible open system architectures and trusted solutions. SNC MS UK is a wholly owned subsidiary of Sierra Nevada Corporation (SNC) which develops the SNC TRAX^®software providing a certified command and control (C2) gateway software application utilized in support of JADC2 and multi-domain operations. SNC TRAX leverages the power of tactical data links to enable interaction with assets in real-time, amongst disparate networks and data transports methods. Operational since 2012, it has been proven by thousands of combatant command leaders, tactical operators, operational centres, aircrews and ground units worldwide. www.sncmsuk.com

Media relations enquiries:

Arqit: [email protected]
Gateway: mailto:[email protected]

Investor relations enquiries:

Arqit: [email protected]
Gateway: [email protected]

Caution About Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These forward-looking statements are based on Arqit’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Arqit’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how they may affect it. Except as required by law, Arqit does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect Arqit’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: (i) the outcome of any legal proceedings that may be instituted against the Arqit related to the business combination, (ii) the ability to maintain the listing of Arqit’s securities on a national securities exchange, (iii) changes in the competitive and regulated industries in which Arqit operates, variations in operating performance across competitors and changes in laws and regulations affecting Arqit’s business, (iv) the ability to implement business plans, forecasts, and other expectations, and identify and realise additional opportunities, (v) the potential inability of Arqit to convert its pipeline into contracts or orders in backlog into revenue, (vi) the potential inability of Arqit to successfully deliver its operational technology, (vii) the risk of interruption or failure of Arqit’s information technology and communications system, (viii) the enforceability of Arqit’s intellectual property, and (ix) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Arqit’s annual report on Form 20-F (the “Form 20-F”), filed with the U.S. Securities and Exchange Commission (the “SEC”) on 14 December 2022 and in subsequent filings with the SEC. While the list of factors discussed above and in the Form 20-F and other SEC filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realisation of forward-looking statements.

View original content:https://www.prnewswire.co.uk/news-releases/arqit-and-snc-ms-uk-announce-strategic-teaming-agreement-301913648.html

Fintech PR

JUSTIN ROSE NAMED WINNER OF THE NICKLAUS-JACKLIN AWARD PRESENTED BY AON AT 44TH RYDER CUP

Published

4 hours ago

October 1, 2023

CISION (PR Newswire)

justin-rose-named-winner-of-the-nicklaus-jacklin-award-presented-by-aon-at-44th-ryder-cup

Prestigious Award celebrates player who embodies the true spirit of the Ryder Cup, proving that decisions made here make history

ROME, Oct. 1, 2023 /PRNewswire/ — Today, Justin Rose of Team Europe was announced as the recipient of the Nicklaus-Jacklin Award presented by Aon following the conclusion of the 44^th Ryder Cup in Rome, Italy.

Throughout the competition, Rose displayed exemplary character and poise in the face of one of sports’ most compelling atmospheres, all while maintaining sound decision making and representing the true spirit of the event. He has been a stalwart in the Team Europe dressing room, sharing his experience with a young team and leading by example by contributing key momentum building points when it mattered. On day one, Rose holed the decisive putt on the 18^th to secure a tie, and his immediate reaction was to turn and acknowledge his teammates who stood beside the green – showcasing his belief that the team should always come first.

Rose was paired with Ryder Cup rookie Robert MacIntyre on day one and used his vast Ryder Cup experience to help guide the young Scotsman during his first Ryder Cup match, in what proved to be a tough battle against Max Homa and Wyndham Clark. On day two, Rose continued his partnership with MacIntyre and they secured a decisive 3&2 victory against Justin Thomas and Jordan Spieth, with Rose’s red-hot putter proving crucial. MacIntyre would go on to have an exceptional debut, collecting 2 ½ points.

Just as the efforts of Jack Nicklaus and Tony Jacklin did in 1969, Rose exemplified the true values of this great game, cementing his place in Ryder Cup history at Marco Simone Golf & Country Club. Rose has become the third player to receive this honor, following Dustin Johnson from the U.S. Team and Sergio Garcia from the European Team, who won the Award at Whistling Straits two years ago.

Inspired by the historic 1969 Concession when Jack Nicklaus conceded a 2-foot putt to Tony Jacklin for a halved match resulting in the first tie in Ryder Cup history, the Award honors two icons in the game and is given to the player who best embodies the true spirit of the Ryder Cup – the individual who sees the bigger picture and makes better decisions on and off the course.

Speaking about winning the Nicklaus-Jacklin Award presented by Aon, Rose said: “Winning this Award is a huge compliment. This event really pushes you to the limit because it has so much passion. You have to find that line and get close to it, but always stay on the right side and be respectful towards your opponent. The Americans played their heart out today and deserve a lot of respect. Novak Djokovic gave the team some advice earlier this week and really emphasized how you need to embrace a pressurized situation and use it as inspiration. The putt on the 18^th on day one was a good example of where I tried to embrace the moment – I didn’t want to blemish such a great start by the team, and my immediate reaction was to embrace my teammates who had all performed so well as a group.

“The Ryder Cup is all about teamwork and I managed to put together a strong partnership with Bob. I made some putts at the right time on the first two days that made me look heroic, but he chipped away constantly and made a big contribution just when we needed to keep the momentum going. A big thank you to Aon – winning this Award will make today’s victory even sweeter for me.”

At this year’s Ryder Cup in Rome, Team Europe took victory by 16 ½ -11 ½, after three days filled with iconic pairings, intense rivalry and selfless performances. Team Europe raced to a dominant 6 ½ to 1 ½ lead after day one and preserved their five-point advantage to lead 10 ½ to 5 ½ heading into the final day of singles. A close and hard-fought final day went down to the final few holes, with England’s Tommy Fleetwood delivering the clinching moment in style on the short par-4 16th hole.

“As the 44^th Ryder Cup comes to an end, we are reminded that golf is a game shaped by respect, integrity and decision making under pressure,” said Andy Weitz, Chief Marketing Officer of Aon. “This event represents the best of golf, and this Award represents the best of the Ryder Cup. As its presenting partner, we are proud to honor Justin as the recipient of this year’s Nicklaus-Jacklin Award presented by Aon. His display of character and skill throughout an intense match embodied the spirit of this event, and why we love this game.”

Learn more about the Nicklaus-Jacklin Award presented by Aon here.

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries and sovereignties with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business.

Follow Aon on LinkedIn, Twitter, Facebook and Instagram. Stay up-to-date by visiting the Aon Newsroom and sign up for News Alerts here.

About the PGA of America
The PGA of America is one of the world’s largest sports organizations, composed of more than 29,000 PGA of America Golf Professionals who love the game, are expert coaches, operators and business leaders, and work daily to drive interest and participation in the sport. The PGA of America owns and operates numerous championships and events, including major championships for men, women, seniors and the Ryder Cup, one of the world’s foremost sporting events. For more information, visit PGA.com and follow us on X, formerly known as Twitter, Instagram and Facebook.

About Ryder Cup Europe
Ryder Cup Europe – which comprises representatives of The European Tour group (60%), of the PGA of Great Britain and Ireland (20%) and the Confederation of Professional Golf through the vehicle of The Ryder Cup European Development Trust (RCEDT) (20%) – owns the rights of The Ryder Cup when the competition is held in Europe. The European Tour group is the Managing Partner and has prime responsibility for all matters concerning The European Team; the PGA of Great Britain and Ireland is the Founding Partner; and the Confederation of Professional Golf is responsible for the management of the Trust, which is the Development Partner. Our Official Worldwide Partners for the 2023 Ryder Cup are Aon, BMW, Capgemini, Citi, DP World, Hilton, and Rolex. For more information about The Ryder Cup visit rydercup.com.

Contacts:
European Tour Communications, +44 (0) 1344 840400, [email protected]
Greg Dillard, PGA of America, 561-308-8013, [email protected]
Nadine Youssef, Aon, +1 312-381-2329, [email protected]

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View original content:https://www.prnewswire.co.uk/news-releases/justin-rose-named-winner-of-the-nicklaus-jacklin-award-presented-by-aon-at-44th-ryder-cup-301943869.html

Fintech PR

Safra New York Corporation Completes The Acquisition Of Delta North Bankcorp.

Published

5 hours ago

October 1, 2023

CISION (PR Newswire)

NEW YORK, Oct. 1, 2023 /PRNewswire/ — Safra New York Corporation, the holding company of Safra National Bank of New York (“The Bank”), is pleased to announce the successful completion of its acquisition of Delta North Bankcorp, including its subsidiary Delta National Bank and Trust Company.

This strategic acquisition is a significant milestone for Safra National Bank and underscores the Bank’s continuous expansion in the private banking and wealth management business. The acquisition strengthens the Bank’s market position among high-net-worth clients in the United States and Latin America, where the Bank has been providing premier private banking and financial services and has a long and successful track record.

Jacob J. Safra, Chairman of Safra National Bank of New York: “We are proud to have completed this acquisition, which represents an excellent strategic fit to our existing business in these markets. Clients will benefit from an organization that is fully dedicated to wealth management, providing the service, products and expertise that best meet their specific needs. We are confident that the Bank has all the attributes required to continue growing and prospering in a sustainable manner.

Simoni Morato, Chief Executive Officer of Safra National Bank of New York: “We very much look forward to working closely with Delta’s clients and employees and developing long term relationships. Together we will build on the strengths of our organization, not only in the United States, but also throughout Latin America.”

Safra National Bank of New York
Headquartered in New York, with branches in Aventura, Miami and Palm Beach, and offices throughout Latin America, Safra National Bank is a leading private bank with approximately US$ 30 billion in clients’ assets. Safra National Bank of New York is part of the J. Safra Group.

J. Safra Group
The J. Safra Group (the “Group”), with total assets under management of over USD $300 billion, consists of privately-owned banks under the Safra name and investment holdings in asset-based business sectors such as real estate and agribusiness. The Group’s banking interests in 160 locations globally, are: Safra National Bank of New York, headquartered in New York City, USA; J. Safra Sarasin, headquartered in Basel, Switzerland; and Banco Safra, headquartered in Sao Paulo, Brazil; all independent from one another from a consolidated supervision standpoint.

The Group’s real estate holdings consist of more than 200 premier commercial, residential, retail and farmland properties worldwide, such as New York City’s 660 Madison Avenue office complex and London’s iconic Gherkin Building. Its investments in other sectors include, among others, agribusiness holdings in Brazil and Chiquita Brands International Inc. With deep relationships in markets worldwide, the Group is able to greatly enhance the value of businesses which are part of it. There are more than 34,000 employees associated with the J. Safra Group.

Media Contact

Ross Lovern
[email protected]
212 521 4866

Sonia Bucan
[email protected]
212 521 4808

View original content:https://www.prnewswire.co.uk/news-releases/safra-new-york-corporation-completes-the-acquisition-of-delta-north-bankcorp-301943848.html

Fintech PR

EMpact launches its venture studio in Central America, heralding a new approach to impact investing in frontier markets

Published

8 hours ago

October 1, 2023

CISION (PR Newswire)

Plans underway for subsequent launches in Africa and Central Asia

ANTIGUA, Guatemala , Oct. 1, 2023 /PRNewswire/ — Today witnessed the launch of EMpact, a venture studio focused on nurturing talent and accelerating startups to serve critical value chains, focusing on frontier markets in Central America, West Africa, and Central Asia. The first studio is a collaboration between EMpact and Fundación Génesis Empresarial (Genesis), the largest development microfinance institution in Guatemala. The studio will promote entrepreneurship and capacity building across the Central America region through the “Innovation and Entrepreneurship Hub” of Genesis and Universidad Francisco Marroquín – (UFM) a leading academic institution in the country, which promotes free market principles and entrepreneurship.

“The issues facing humanity and our planet are interlinked, and a big part has to do with how we access, cultivate, and sustain natural resources, including agriculture and forestry”, said Sami Lahoud and Prateek Shrivastava, co-founders of EMpact. “Catalyzing innovations in agriculture value chains, through entrepreneurship, creates stability and opportunity in frontier markets while sustaining the global economy and restoring our planet through sustainable practices”, they added.

The studio addresses the most critical issue facing entrepreneurship in frontier markets, which is the upskilling of talent. Individuals are invited to apply to become “EMpact fellows” who will be coached in innovation and entrepreneurship. Then, the studio will help fellows design digitally enabled solutions that address the needs and pain-points of its corporate partners. And finally, incubated businesses will graduate into a startup accelerator that will help each team turn their solutions into investment-ready businesses through mentorship, access to essential shared services, and opening doors to additional corporate partners.

The EMpact model also allows for winning solutions, whether incubated by EMpact or operating independently, to be replicated by fellows in other markets or verticals. The first such portfolio company is Climatica, a solution that accelerates financial inclusion of small holder farmers through climate smart agriculture.

“Fighting poverty through empowerment and improving food security in the face of climate change are daunting and expensive undertakings”, said Lars Saquero Møller, Managing Director of Ingemann Data, that operates Climatica. He added “EMpact provides a framework to scale the outreach of innovative solutions, such as ours, to address these challenges. Their fresh approach and value proposition are needed to disrupt the traditional system.”

The design of the EMpact venture studio has been inspired by the pioneering work of CK Japheth, Founder of The Innovation Village in Uganda and a member of the EMpact Advisory Board, who said “We recognized that embracing models tailored to mature markets would not work for us, so we embarked on a journey of unbridled innovation, fueled by a relentless passion to make a difference. Every lesson we’ve gathered has led us to this vibrant collaboration with EMpact”.

The EMpact studio in Guatemala will ultimately serve the Latin American region. In parallel, the founders of EMpact are preparing for the launch of EMpact Africa from a studio in Côte d’Ivoire serving the Francophone West Africa region. At a later stage, the plan is to include additional frontier markets such as the ones in Central Asia, and to start interconnecting these markets, capitalizing on their organic similarities and complementarities.

Media Contacts

Sami Lahoud, +1 914 393 5711, [email protected]

About EMpact

EMpact is a venture studio serving critical value chains in frontier markets by addressing chronic issues afflicting these markets and affecting our planet. EMpact drives change through the incubation of talent, then creating and incubating businesses that address the needs of key players in these value chains with focus on agriculture. The final step in this venture studio model is to extend pre-seed equity funding to the budding startups, handhold them through the initial phase of their growth journey, and then – over time – hand them over to later stage investors.

www.empact.studio

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