Quantum Bridge Accepted into Canadian Federal Procurement Program
TORONTO, September 11, 2024 -- Quantum Bridge, a company offering a range of advanced quantum-safe data-security solutions, today announces that it has been accepted into a fast-track government procurement program. This follows extensive testing by the Canadian Government of the company’s Symmetric-Key Distribution System (SDS). This first of its kind solution now incorporates both Distributed Symmetric Key Establishment (DSKE) technology and multiple Post-Quantum Cryptography (PQC) algorithms including the Module-Lattice-Based Key-Encapsulation Mechanism (ML-KEM). The latter being recently established by the U.S. National Institute of Standards and Technology as one of three new standards for quantum-safe encryption.
By combining DSKE and Post-Quantum Cryptography such as ML-KEM in a single encryption solution, Quantum Bridge has developed a truly unbreakable method for protecting data and communications from ‘harvest-now and decrypt later’ attacks. Many recognized cryptographic authorities have recommended the use of symmetric keys in combination with PQC to protect sensitive information. The Quantum Bridge solution now allows the integration of this combination of technologies into existing communications infrastructure.
As the maturity of quantum computing continues to accelerate in the coming years, this type of encryption will become necessary not only to protect classified information, but also sensitive personal data such as financial information and medical records. For this reason, stakeholders ranging from governments to banks, telecom companies and hospitals are interested in this technology.
“Acceptance into Innovative Solutions Canada’s Pathway to Commercialization program is an important milestone for Quantum Bridge and provides us the opportunity to sell our innovations directly to the Government of Canada,” said Mattia Montagna, CEO at Quantum Bridge. “It also confirms that this solution is ready for use today. It is available now for forward-thinking government and corporate interests which are actively looking to absolutely ensure that their sensitive information and customer data are completely safe.”
Innovative Solutions Canada’s ‘Pathway to Commercialization’ is a program which provides small and medium-sized businesses the opportunity to explore commercial sales with the Government of Canada. To qualify, companies must successfully complete a period of testing with a department of the government of Canada. Upon completion of testing, it must be determined that the technology is at Technology Readiness Level 9. Quantum Bridge has successfully completed this testing with Defence Research and Development Canada, and has now been accepted into this phase of this Innovative Solutions Canada program.