ID Quantique SA (IDQ), the world leader in quantum-safe crypto solutions, created a joint venture with Zhejiang Jiuzhou Quantum Technology . The registered capital of the joint venture reaches up to 100 million RMB, which will open the Chinese market to IDQ’s Quantum Random Number Generators (QRNGs) and Quantum Key Distribution (QKD) solutions.
IDQ’s technology will be adapted for the specific needs of the Chinese market, and notably will be focused on supplying QKD systems for the development of the extensive quantum communications backbone being built in the country.
QTEC is instrumental in the building and operation of quantum communications networks around the country, including the Shanghai-Hangzhou trunk network which was completed in September 2016. The size of China’s market offers a scale of operations that will allow IDQ to complete the industrialization of its QKD portfolio and to reduce the cost of QKD products worldwide.
IDQ will provide its Quantum Random Number Generators (QRNGs) and Quantum Key Distribution (QKD) technology to customers in China via the joint venture, while QTEC will develop localised applications based on these products. The partnership with QTEC speaks to the momentum of IDQ and the growing demand for quantum communication worldwide.