Solution to enable first Quantum Key Distribution Network in the U.S.
BOULDER, Colo. – October 24, 2018 – Quantum Xchange has selected Zayo Group Holdings, Inc. (NYSE: ZAYO) for a dark fibre solution to power the first Quantum Key Distribution (QKD) network in the U.S. The 530-mile route will extend from Boston to Washington D.C., leveraging Zayo’s existing network along the eastern corridor.
Quantum key distribution, an innovative encryption method that relies on properties of quantum mechanics, physically transfers a shared key between two entities that can be used to encrypt and decrypt messages. The properties of the photonic key prevent the transmission from being unknowingly interrupted, corrupted, cloned, or exposed. The new technology will address the shortcomings of algorithmic encryption and the imminent threat of quantum computers which could break algorithmic encryption.
Quantum Xchange plans to deploy the dedicated dark fibre to activate the initial leg of its nationwide network, connecting the financial markets on Wall Street with back office operations in New Jersey.
“With high capacity, low latency and inherent security, Zayo’s dark fibre infrastructure is ideal for the nation’s first Quantum Key Distribution network,” said Jack Waters, CTO and president of Fibre Solutions at Zayo. “We look forward to working with Quantum Xchange on this groundbreaking initiative.”
For more information on Zayo, please visit zayo.com.
About Zayo Group
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications infrastructure solutions, including fibre and bandwidth connectivity, colocation and cloud infrastructure to the world’s leading businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo’s 128,900-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centres. In addition to high-capacity dark fibre, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud infrastructure in its carrier-neutral data centres. Zayo provides users with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth. For more information, visit zayo.com.
Forward Looking Statements
This press release contains a number of forward-looking statements. Words, and variations of words such as “believe,” “expect,” “plan,” “continue,” “will,” “should,” and similar expressions are intended to identify our forward-looking statements. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. These forward-looking statements involve risks and uncertainties, many of which are beyond our control. For additional information on these and other factors that could affect our forward-looking statements, see our risk factors, as they may be amended from time to time, set forth in our filings with the SEC, including our 10-K dated August 24, 2018. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.