Arqit to Sell Quantum Satellite in Major Strategy Shift 

…Arqit intends to sell (in whole or in part as a capacity sharing arrangement) its quantum satellite currently under construction to a customer with such ultra-secure requirements. Following the sale of its satellite currently under construction, Arqit will build no further satellite infrastructure and intends to licence its quantum satellite IP to subsequent customers with similar requirements, which will enable those customers to build their own systems…

Arqit Quantum Inc. states the sale is expected to have a positive impact on the company’s future financial position and results.

…Arqit is currently in discussions with a number of potential customers regarding both the purchase of its existing satellite and the licence of its quantum satellite IP. Arqit expects the licencing of its quantum satellite IP to generate additional revenues without additional capital expenditure.satellite IP to generate additional revenues without additional capital expenditure…

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