Arqit and Traxpay sign contract to deliver more efficient, secure trade finance

Supported by new legislation, Arqit’s TradeSecure service is a world first in moving trade finance to quantum safe digital assets

LONDON, Dec. 13, 2022 (GLOBE NEWSWIRE) — Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit”), a leader in quantum-safe encryption, has signed a contract with Traxpay GmbH (“Traxpay”), a leader in supply chain financing solutions, to deliver quantum-safe digital finance instruments, enabling supply chain actors to conduct business more efficiently and securely in the new digital trade era.

Deployed directly into Traxpay’s supply chain financing platform which has processed over €65bn of supply chain finance assets to date, Arqit’s TradeSecure service uses distributed ledger technology to provide customers with referenceable digital finance instruments (in the form of a Digital Promissory Note or Digital Bill of Exchange) which are easier to manage than paper-based alternatives, unique, transferable and invariable. Arqit’s symmetric key agreement software, QuantumCloud™ provides provable quantum-safe security for Traxpay’s customers, protecting them from current and future cyber threats.

The UK government’s upcoming Electronic Trade Documents Bill will legalise electronic transferable documents. The digitisation of global trade, until recently reliant on paper-based processes, opens up a potential $17 trillion global market for supply chain finance enabling faster, cheaper and simpler movement of goods across borders. However, it also leaves global trade more vulnerable to cybersecurity threats. The emergence of quantum computers and ‘Harvest Now, Decrypt Later’ attacks further compound these risks, highlighting the need for quantum-safe digital finance instruments.

The provision of both a provable digital original and a unique identifying stamp means Arqit’s TradeSecure digital finance instruments cannot be tampered with, creating a highly safe legal promise to pay for goods or services which all supply chain parties can use to conduct trade. This greatly enhances both access to trade finance and supply chain efficiencies, with faster transaction times, eliminated costs and provably secure transferability of digital finance assets.

Currently in live testing phase, the full-scale commercial product is expected to launch globally in 2023 once enabling legislation has come into effect.

Arqit SVP Working Capital Technology, Dominic Broom, said: “We are delighted to be working with Traxpay to enable their corporate customers and banking partners to access finance more efficiently and securely. Malicious actors will undoubtedly target global trade as it undergoes transformative digitisation. Provably quantum-safe digital finance instruments are needed to maintain confidence in digital trade platforms and to defend against threats from both classical and quantum computers. We believe that, in the quantum era, Arqit is the first company in the world whose technology meets MLETR provisions on the identity, integrity and control of electronic transferable records. Being first to market to comply with the new laws is an exciting opportunity.”

Traxpay MD Markets & Sales, Markus Wohlgeschaffen, said: “Arqit’s technology is highly compatible with our supply chain finance ecosystem and uniquely capable of delivering clearly indentifiable, quantum-safe digital finance instruments which are urgently needed in the digital trade era. We are now able to create new products for our customers that allow an unrivalled level of flexibility in liquidity management, efficiency, transaction speed, cost reduction and, most importantly, the highest levels of security.”

About Arqit
Arqit supplies a unique quantum safe encryption Platform-as-a-Service which makes the communications links of any networked device secure against current and future forms of attack – even from a quantum computer. Arqit’s product, QuantumCloud™, enables any device to download a lightweight software agent, which can create encryption keys in partnership with any other device. The keys are computationally secure, optionally one-time use and zero trust. QuantumCloud™ can create limitless volumes of keys in limitless group sizes and can regulate the secure entrance and exit of a device in a group. The addressable market for QuantumCloud™ is every connected device. The company was recently awarded the Innovation in Cyber award at the National Cyber Awards, as well as Cyber Software Company of the Year at the Cyber Security Awards.

About Traxpay

Traxpay is a fast-growing Internet platform that operates globally from Europe with a multibank approach. With the mission to become the “360° Supply Chain Finance Platform of Choice” for buyers, suppliers and banks, Traxpay offers all stakeholders a steadily growing, intuitively usable and sustainable set of tools for generating and securing liquidity along the entire value chain. In addition, platform users can financially incentivize the sustainability of their supply chains.

Established financial institutions such as Deutsche Bank, DZ Bank, Nord/LB, LBBW or KfW IPEX-Bank trust Traxpay’s financing solution and maintain strategic partnerships with the company.

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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 which is still in development, (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 December 16, 2021 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.

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LeddarTech Showcasing New Sensor Fusion and Perception Products and CES Award-Winning LeddarVision Software January 5-8 in Las Vegas at CES 2023

CES 2023 Innovation Award

LeddarTech Named CES 2023 Innovation Award Honoree

QUEBEC, Dec. 13, 2022 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD software technology, is pleased to announce its participation at CES 2023, January 5-8 in Las Vegas, where it will showcase its automotive-grade software enabling ADAS and AD at booth # 5475, LVCC West Hall.

The theme of LeddarTech’s CES destination booth is: “Accelerating Safer ADAS Deployment With High-Performance Low-Level Fusion and Perception Software.”

Visit the LeddarTech exhibition booth to:

WITNESS A NEW PRODUCT INTRODUCTION: The LeddarTech LVF Family of Front-View Solutions for Level 2-2+ ADAS Applications

The LVF family of products is a flexible and scalable, comprehensive front-view fusion and perception stack that supports entry-level to premium ADAS L2/L2+ highway assist and NCAP/GSR applications. LVF product family provides high-end features and performance at the lowest hardware cost.

LVF-E is a front-view fusion and perception stack for entry-level ADAS L2/L2+ highway assist and 5-star NCAP 2025/GSR 2022.

LVF-H is the premium companion fusion and perception stack in the front-view product family featuring extended sensor configuration.

EXPERIENCE: The CES 2023 Innovation Award-Winning LeddarVision Low-Level Data Fusion and Perception Interactive Dashboard Demonstrations

LeddarVision™ is a low-level sensor fusion and perception solution for automotive and off-road industrial ADAS and autonomous L2-L5 driving applications. Various demonstrations will show how the LeddarVision solution outperforms other solutions that enable ADAS and AD applications. LeddarVision technology was awarded the coveted Sensor Perception award at Tech.AD USA last month in Detroit. In early 2022, it was also recognized by the Volkswagen Group Innovation Tel Aviv 2022 Konnect and CARIAD Startup Challenge and the Shenzhen Automotive Electronics Industry Association.

RIDE ALONG LeddarCar Live: Delegates representing Automotive Tier 1-2 suppliers and OEMs are invited to book a real-world on-road demonstration of LeddarTech’s LeddarVision low-level fusion and perception software technology. Space is limited, so reserve your LeddarCar on-road demo now.

CES delegates are invited to pre-arrange a meeting in one of their two “on-location” meeting rooms for product demonstrations, media and industry analyst interviews or investor discussions.

“CES 2023 is the ideal forum for LeddarTech to share our incredibly unique and multiple award-winning low-level sensing and perception software solutions and products for ADAS and AD applications,” stated Mr. Charles Boulanger, CEO of LeddarTech. “I expect automotive Tier 1-2s and OEMs will be impressed with our game-changing technology,” he added.

About LeddarTech

LeddarTech, a global software company founded in 2007, develops and provides comprehensive perception solutions that enable the deployment of ADAS and autonomous driving applications. LeddarTech’s automotive-grade software applies AI and computer vision algorithms to generate highly accurate 3D models of the environment, allowing for better decision making and safer navigation. This high-performance, scalable, cost-effective technology is leveraged by OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 140 patents granted or applied for that enhance ADAS and AD capabilities. Reliable perception is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at and on LinkedIn, Twitter, Facebook and YouTube.

Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232

Investor relations contact and website:

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

A photo accompanying this announcement is available at

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Dataweavers Appoint Eric Webb to VP of Sales (USA)

The appointment comes as Dataweavers launch into USA market, off the back of a ‘Series A’ investment by OIF Ventures

Eric Webb, VP of Sales (USA)

Eric Webb, VP of Sales (USA)

BOSTON, Dec. 13, 2022 (GLOBE NEWSWIRE) — Market leading cloud automation company Dataweavers have appointed industry leading sales executive Eric Webb to the position of VP of Sales based in the United States. The appointment comes as part of the company’s push into international markets, announced in September 2022.

Upon his appointment Eric Webb said “Dataweavers is uniquely positioned in North America and has a tremendous window of opportunity. We provide a win-win-win for all entities involved in Sitecore DXP projects and my ambition is for the success of every customer and member of the Dataweavers team in North America as we strive for organizational goals in this region.”

While announcing the appointment Dataweavers CEO and Co-Founder Ben Shapiro said, “To appoint someone of Eric’s calibre and reputation is a huge boost for us moving into the US market. Eric has a well-deserved reputation for establishing strong footholds in emerging markets and we look forward to watching Dataweavers and our customers grow in the region.”

Dataweavers’ is confident of a successful entry into the US market, already backed by strong existing relationships and growth targets. The market is already seeing unparalleled outcomes as a result of the Dataweavers end-to-end web operations platform that offers a secure, compliant, always up to date, and fully automated solution that frees up human capital. Providing organisations future state architecture flexibility of their investment in digital experience platforms like Sitecore.


The Dataweavers platform is an industry leading cloud automation platform that helps organisations move from a people-based infrastructure hosting effort to an automated web operations platform.

Founded in 2018, Dataweavers saw the need for digital teams to spend more time delivering business value through customer experiences, rather than spending time on managing infrastructure overhead. Backed by a cost, performance availability, and security guarantee; organizations take control of their Digital Experiences and consistently deliver results.

Dataweavers’ customers include Isuzu UTE, UnitingCare Queensland, Australian Retirement Trust, Royal Automotive Association and others in Australia, and Independent Purchasing Cooperative and Global Payments in the United States.

Contact Information:
Hannah Hall-Brown
Marketing Director

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Image 1: Eric Webb, VP of Sales (USA)

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