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Quantinuum together with Mitsui advance unforgeable quantum tokens over fibre network in first ever trial

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First successful delivery of quantum tokens using commercial QKD hardware, demonstrating fast transaction verification at the point of exchange – a crucial step toward quantum-enhanced financial security and a major advance for QKD.Quantum tokens are designed to provide unforgeability, privacy, and fast settlement, in a single financial instrument. No previous technology can deliver these three combined benefits.In the world’s first implementation using off-the-shelf hardware, quantum tokens were transmitted across 10km of fibre in Tokyo, using commercial quantum key distribution (QKD) devices provided by NEC*.This is a pivotal step towards the deployment of ultra-high-security quantum tokens in use cases such as tokenized asset security and high-speed trading.

TOKYO and BROOMFIELD, Colo., Nov. 18, 2024 /PRNewswire/ — In a long anticipated trial, Quantinuum (“Quantinuum”, Head Office: Broomfield, Colorado, U.S.A., CEO: Rajeeb Hazra), together with Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Kenichi Hori) and NEC (“NEC”, Head Office: Tokyo, President and CEO: Takayuki Morita) today announced the successful delivery of quantum tokens across a 10km fibre-optic network in Japan. This is the first time such a delivery has been accomplished.

Quantum tokens are a new financial instrument that take advantage of the properties of quantum physics to meet the robust demands of asset trading without the communication overheads required by traditional financial systems. Quantum tokens are transmitted across fibre-optic quantum key distribution (QKD) networks, which are rapidly expanding around the globe. Today’s announcement with Mitsui demonstrates growing industry recognition of quantum tokens’ potential in financial services.

Ilyas Khan, Founder and Chief Product Officer at Quantinuum, said: “The original motivation for quantum communications was the exchange of money, as envisaged by Stephen Wiesner. Today, we have demonstrated real-world security enhancements for financial systems using off-the-shelf quantum communications hardware. This opens the door to a new era in quantum-enhanced security with wide applicability, providing commercial organisations with something concrete to utilise.”

Koji Naniwada, Deputy General Manager, Quantum Innovation Dept. at Mitsui, said: “Quantum tokens will increase the security of digital assets, while improving transaction performance and maintaining privacy. These topics are critical for our customers and partners in the financial sector and this demonstration is a valuable outcome of our partnership with Quantinuum.”

Naoki Ishida, Director with the Trading and Service Solution Department at NEC, said: “We are the first to provide a platform for realizing a quantum token system using NEC’s quantum key distribution (QKD) devices. Based on the results of this trial between Mitsui & Co. and Quantinuum, we will continue to work towards the social implementation of quantum cryptography technology.”

Quantum tokens are designed to use quantum physics to prevent forgery, while ensuring transactions can be settled near-instantly, whereas traditional payments systems rely on double-entry bookkeeping to prevent double-spending of funds. This adds time, overhead and risk to every transaction, as digital systems are consulted to confirm funds are available and to settle transactions.

Quantum tokens instead rely on the no-cloning theorem of quantum physics to prevent forgeries and double-spending. Only the intended recipient will receive the correct token data, which can only be spent at one location in the future. This enables near-instant transaction settlement by removing the need to check multiple systems or wait for network confirmations.

As demonstrated in Quantinuum’s recent work with HSBC, securing digital assets in the quantum-age is growing in urgency. The financial sector is increasingly looking to quantum technology to solve these complex problems with the power of nature.

Note:

(*) The equipment provided by NEC was partially supported by results from Japan’s Ministry of Internal Affairs and Communications’ (MIC)  “Research and development for construction of a global quantum cryptography network”(JPJ008957) under “R&D of ICT Priority Technology Project” (JPMI00316) and Japan’s Cabinet Office’s “Photonics and Quantum Technology for Society 5.0” project under the Cross-ministerial Strategic Innovation Promotion Program (SIP).

About Mitsui

Mitsui & Co. is a global trading and investment company with a presence in more than 60 countries and a diverse business portfolio covering a wide range of industries.

The company identifies, develops, and grows its businesses in partnership with a global network of trusted partners including world leading companies, combining its geographic and cross-industry strengths to create long-term sustainable value for its stakeholders.

Mitsui has set three key strategic initiatives for its current Medium-term Management Plan: supporting industries to grow and evolve with stable supplies of resources and materials, and providing infrastructure; promoting a global transition to low-carbon and renewable energy; and empowering people to lead healthy lives through the delivery of quality healthcare and access to good nutrition.

Visit https://www.mitsui.com/jp/en/index.html for more information.

About Quantinuum

Quantinuum, the world’s largest integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents.  http://www.quantinuum.com/

About NEC Corporation

NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at http://www.nec.com

SOURCE Quantinuum

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AMITY UNIVERSITY MUMBAI SECURES TOP SPOT IN QS ASIA UNIVERSITY RANKINGS 2025 FOR SOUTHERN ASIA

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MUMBAI, Nov. 18, 2024 /PRNewswire/ — Amity University Mumbai celebrates its accomplishment in the prestigious QS Asia University Rankings 2025: Southern Asia, achieving a notable rank #263 among universities in the region, and in the band of 801-850 in Asia. This remarkable achievement underscores Amity University’s unwavering commitment to providing exceptional academics and establishing meaningful research collaborations.

The QS Asia University Rankings, a worldwide recognized benchmark for evaluating higher education institutions, assess universities across a variety of critical criteria. Factors such as Research & Discovery, which look at the institution’s research endeavours have significantly contributed to this acknowledgment.

Established in 2004, the QS World University Rankings portfolio has become the leading source of comparative data on university excellence and performance.

Expressing immense enthusiasm about the recognition, Dr. A.W. Santhosh Kumar, Vice Chancellor of Amity University Mumbai, remarked, “We are proud to have been recognized in the QS Asia University Rankings 2025: Southern Asia. This accomplishment demonstrates our relentless commitment to offering high-quality education and facilitating important research collaborations. Amity University Mumbai remains committed to achieving academic excellence and making important contributions to the global higher education environment.”

Amity University Mumbai is devoted to providing students with a dynamic learning environment, fostering innovation, and advancing research projects as it continues to strive for academic excellence. The university’s dedication to creating a global perspective and collaborating with prestigious foreign partners continues to elevate its standing in the academic realm.

About QS World University Rankings

The QS World University Rankings portfolio, established in 2004, stands as the world’s foremost source of comparative data on university performance.

About Amity University Mumbai

Amity University Maharashtra, established under Maharashtra Govt. Act of 2014 of the Government of Maharashtra and recognized as per Section 2(f) of the UGC Act with the rights to confer degrees, on a future-ready, sprawling campus, over a kilometre-long frontage on the Mumbai-Pune Expressway offers a 360-degree career transformation. The university has been recognized as the best institution nationally by ‘Times Higher Education’ and prominently features in ‘THE Impact Ranking.’ In addition, the university was recently named the ‘Best Education Brand 2024’ at the 7th edition of the ET Now Best Brands Conclave.

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View original content:https://www.prnewswire.com/in/news-releases/amity-university-mumbai-secures-top-spot-in-qs-asia-university-rankings-2025-for-southern-asia-302307777.html

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Elbit Systems Awarded Contracts Worth Approximately $335 Million to Supply Defense Systems to a European Country

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HAIFA, Israel, Nov. 18, 2024 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that it was awarded contracts worth a total amount of approximately $335 million, to supply defense systems to a European country. The contracts include the supply of PULS™ (Precise and Universal Launching Systems) rocket launchers and rockets, as well as Hermes™ 900 Unmanned Aircraft Systems (UAS) equipped with advanced payloads. The contracts will be performed over a period of three years and six months. 

Elbit Systems’ PULS provides a comprehensive and cost-effective solution capable of launching unguided rockets, precision-guided munitions, and missiles with various ranges. The PULS launcher is fully adaptable to existing wheeled and tracked platforms, enabling significant reductions in maintenance and training costs.

The Hermes 900 multi-role MALE UAS is Elbit Systems’ largest unmanned aerial vehicle, designed to perform a wide range of missions, including area dominance and persistent intelligence, surveillance, target acquisition and reconnaissance (ISTAR) across land and maritime domains. Since its first order in 2011, the Hermes 900 has been selected by over 20 customers worldwide.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: “We are proud to support our European customer with advanced and versatile defense solutions that enhance operational effectiveness and adaptability. These contracts reflect the global trust in our innovative systems, such as the PULS and Hermes 900, which are designed to meet a broad range of mission requirements. Through our comprehensive portfolio, we remain committed to providing our customers with reliable, technologically advanced tools that address today’s complex defense challenges.”

About Elbit Systems

Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.

Driven by its agile, collaborative culture, and leveraging Israel’s technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.

Elbit Systems employs over 20,000 people in dozens of countries across five continents. The Company reported as of June 30, 2024, approximately $1.6 billion in revenues and an order backlog of approximately $21.1 billion.

For additional information, visit: https://elbitsystems.com, follow us on Twitter or visit our official Facebook, YouTube and LinkedIn Channels.

Company Contact:  

Dr. Yaacov (Kobi) Kagan, ExecutiveVP – CFO
Tel:  +972-77-2946663
kobi.kagan@elbitsystems.com 

Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com

Dalia Bodinger, VP, Communication & Brand
Tel: 972-77-2947602
dalia.bodinger@elbitsystems.com

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States, among others, including the duration and scope of the current war in Israel, and the potential impact on our operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.’s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

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SOURCE Elbit Systems Ltd.

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‘Charge Around the Globe’ Journeys to Prime Video

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Lexie Alford’s ‘Charge Around the Globe’ in new three-part documentary on Prime Video series.

COLOGNE, Germany, Nov. 18, 2024 /PRNewswire/ — Earlier this year Lexie Alford, known to millions as @LexieLimitless, set out to prove just what is possible in an electric vehicle by aiming to become the first person to circumnavigate the globe in one. Her epic adventure in the electric Ford Explorer had the ambitious target of covering over 29,000 kilometres in 90 days. She ended up covering six continents, 27 countries and more than 30,000 kilometres over 200 days in her attempt at the record. Now, on 18th November, a new three-part documentary series detailing the highs and lows of her incredible journey is coming to Prime Video.

To view the Multimedia News Release, please click: 
https://www.multivu.com/ford/9304251-en-charge-around-the-globe-prime-video

The documentary film crew followed Lexie from the start of her “Charge Around the Globe” in Nice, France and travelled as far and wide as the Atacama Desert in Chile and the mountain peaks of Bhutan. Throughout the trip her battles with slow or non-existent charging infrastructure, her bouts of illness as well as the interactions she had with some inspirational figures along the way were all documented.

One of the inspirations for the journey was Aloha Wanderwell who, aged just sixteen, became the first woman to circumnavigate the globe in a car between 1922 and 1927, in a Ford Model T. The documentary includes some of that historic footage as Lexie deals with similar issues and travels to similar parts of the world, often in awe at how challenging it must have been 100 years ago.

Lexie used pre-production versions of the Ford Explorer electric vehicle for her challenge ahead of its launch this summer. The “Charge Around the Globe” documentary series spans three episodes with running times of around 50 minutes each and will be available to Amazon Prime subscribers. It will also appear on YouTube on the Charge Around the Globe channel

Quotes

“I was the youngest person to travel to every country around the world, but this was one of the most challenging things I’ve done. Whilst I’ve proved that it is possible to travel around the globe on electric power alone, it certainly wasn’t easy and it showed just how different the charging infrastructure is on different continents. I’m so happy to share the adventure on Prime Video, and hope that this helps us to understand how we need to improve to truly enable zero emission driving.”

Lexie Alford, @LexieLimitless

Charge Around the Globe Episodes

EPISODE 1 

Lexie Limitless’ world record attempt targeting an electric drive of more than 29,000 kilometres starts in Nice, France. Follow the amazing highs and crushing lows in some of the world’s most jaw-dropping locations, as she aims for the port of Mombasa, Kenya. Along the way meeting the trail blazing racing driver Lola Lovinfosse, Chef Tekuna and The Black Mambas. Will the electricity infrastructure hinder her world record? 

EPISODE 2 

Lexie Limitless’ world record attempt takes her to Australia and Asia, where she meets amazing trailblazers – indigenous chef Norni, marine scientist Dr Vanessa, Buddhist nun Karma and Ann Osman, the first female Muslim MMA fighter. But it’s not all fun and games; new continents mean new obstacles. Seriously behind schedule, Lexie has some kilometres to stack to get back on track…

EPISODE 3

Lexie, now on the home stretch, paces through the Americas and Europe, meeting even more incredible trailblazers—from sandboarders to cowgirls, from ex-triathletes to Finnish ice bathers. But, as always, it’s not as simple as planned. Can she make it all the way back to Nice? Has she clocked 29,000km? Will she have done enough to set a new world record?

Charge Around the Globe press kit: https://electricexplorer.fordpresskits.com/?p=catg

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View original content:https://www.prnewswire.co.uk/news-releases/charge-around-the-globe-journeys-to-prime-video-302307313.html

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