BETHESDA, Md., March 10, 2020 /PRNewswire/ -- Quantum Xchange, a leading provider of secure communications for a quantum-safe world, has been named to Fast Company's prestigious annual list of the World's Most Innovative Companies for 2020, ranking #4 in the Security category.
The list honors the companies making a profound impact on both industry and culture. This year's MIC list features 434 businesses from 39 countries.
"The world's largest tech companies as well as governments around the world are investing heavily in the race to develop a commercially viable quantum computer – but these advancements bring new cybersecurity threats," said John Prisco, President & CEO at Quantum Xchange. "Quantum computers are powerful enough to crack all of our current encryption methods, which puts our most sensitive data, intellectual property, and even our national security at risk. That's why organizations must prepare now in order to protect their communications networks and data in the quantum era. We are proud to have Fast Company recognize our efforts to bring crypto-agility and an affordable onramp to ultra-secure Quantum Key Distribution (QKD) to the enterprise."
Quantum Xchange believes that quantum readiness, or crypto agility, is critical to protecting and securing data now and fending off future threats. The company pioneered QKD technology in the U.S. with the launch of Phio in June 2018, the first quantum fiber network in the U.S. and the only solution in the world to overcome previous distance and delivery limitations of QKD. Quantum Xchange's recent innovation, Phio Trusted Xchange (TX), launched in September 2019, is a quantum security gamechanger. The complete, quantum key management system extends the life of existing encryption investments by making traditional keys quantum-safe now; has made Post-Quantum Cryptographic (PQC) algorithms a standard feature in the appliance; and allows organizations to easily layer in QKD-level security as, and when, needed.
The flexibility of the Phio family of products enables organizations at all stages of quantum readiness to protect highly sensitive data without needing to rip and replace their current security infrastructure. This makes Quantum Xchange a sound investment, and its Phio TX, a must-have technology for any organization seeking to easily upgrade defenses as the threat landscape evolves. The company currently serves customers in the finance, energy and government industries.
Fast Company's editors and writers sought out the most groundbreaking businesses on the planet and across myriad industries. They also judged nominations received through their application process. The World's Most Innovative Companies is Fast Company's signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.
"At a time of increasing global volatility, this year's list showcases the resilience and optimism of businesses across the world. These companies are applying creativity to solve challenges within their industries and far beyond," said Fast Company senior editor Amy Farley, who oversaw the issue with deputy editor David Lidsky.
Fast Company's Most Innovative Companies issue (March/April 2020) is now available online at fastcompany.com/most-innovative-companies/2020, as well as in app form via iTunes and on newsstands beginning March 17, 2020. The hashtag is #FCMostInnovative.
About Quantum Xchange
Quantum Xchange gives commercial enterprises and government agencies the ultimate solution for secure communications. Its complete key management system, Phio Trusted Xchange (TX), is uniquely capable of making existing encryption keys quantum safe and supports both post-quantum crypto (PQC) and Quantum Key Distribution (QKD) for true crypto agility and quantum readiness. As the operator of the first quantum fiber network in the U.S., Quantum Xchange also holds the unique distinction of being the only company in the world to make QKD commercially viable by solving the distance and delivery limitations inherent with all other offerings. With a dynamic security infrastructure in place, organizations can enhance their existing encryption environment, select the level of protection needed based on their risk tolerance, and seamlessly scale to QKD at any time, across any distance, between multiple transmission points. To learn more about being quantum safe today and quantum ready for tomorrow's threats, visit QuantumXC.com or follow us on Twitter @Quantum_Xchange.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Since 2011, Fast Company has received some of the most prestigious editorial and design accolades, including the American Society of Magazine Editors (ASME) National Magazine Award for "Magazine of the Year," Adweek's Hot List for "Hottest Business Publication," and six gold medals and 10 silver medals from the Society of Publication Designers. The editor-in-chief is Stephanie Mehta and the publisher is Amanda Smith. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
SOURCE Quantum Xchange