MEDIA CONTACT:
Russell Datz
917.678.8038
FACT SHEET
· Qubitekk, Inc. is a privately held, California-based company formed in 2012 to commercialize a new, universal quantum entanglement technology that will speed the development and mass deployment of quantum computers that can help us understand and better our world in ways never before thought possible.
· Founder and Chief Technology Officer Dr. Duncan Earl is one of the world’s leading quantum cryptography physicists, having spent nearly 20 years at The US Department of Energy’s Oak Ridge National Laboratory (ORNL), where he holds several patents.
· Qubitekk’s Quantum Entanglement SourceÔ (QES1Ô) is the first step in the miniaturization and democratization of quantum computing.
· QES1 takes an open source approach to generating quantum entangled photons – the heart of any quantum computer -- by taking it out of the lab and making it accessible to anyone interested in building customized, quantum-based, future proof computers and electronic systems that are exponentially more powerful than current technologies.
· Today the QES1 fits in a briefcase, but we expect it to fit in the palm of your hand within three years. Where current quantum computers are room-sized and require cryogenics to operate, we envision QES1 will facilitate the rapid development of laptop-sized quantum devices in a relatively short amount of time.
· Qubitekk’s Quantum Data Locking SystemÔ (QDL) will be the first practical application of quantum encryption technology, which relies on the laws of physics and leverages the inherent randomness of the universe -- rather than predictable mathematics -- to provide machine-to-machine networks with virtually unhackable protection against cyber attack. A prototype is scheduled for completion in the first half of 2014, with a beta product deployed later in the year.
· While Qubitekk’s quantum encryption technology will evolve to protect everything from personal information to satellite communications, the company’s initial target is critical infrastructure, namely the utilities that support the US electrical grid on which the entire population depends for everything from drinking water to Internet access. The Federal Government has acknowledged the grid is vulnerable and that a successful attack could be more devastating than the Sept. 11 attacks.
· Projected market size for QDL could reach $3.6B/year in the US, and $36B/year globally by 2020. Oil and gas infrastructure represent additional market opportunities.
· To date, Qubitekk has secured more than $2-million in private equity financing, led by Ellis Energy Investments in Bakersfield, CA, to fulfill early stage development and beta product deployment. Ellis Energy Investments is a Seed Investment Company that helps early stage companies launch, monetize and grow.
Qubitekk Quick Facts
March 2014