PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Senetas Corporation Limited Awarded Frost & Sullivan Technology Innovation Award - Senetas Corp. Ltd (ASX:SEN) announced today that Senetas has been awarded the Frost & Sullivan Technology Innovation Award for its high speed hybrid quantum encryption development as the product undergoes customer trials in a second EU market
Senetas Corporation Limited Awarded Frost & Sullivan Technology Innovation Award

 

NewswireToday - /newswire/ - Melbourne, Victoria, Australia, 2007/03/28 - Senetas Corp. Ltd (ASX:SEN) announced today that Senetas has been awarded the Frost & Sullivan Technology Innovation Award for its high speed hybrid quantum encryption development as the product undergoes customer trials in a second EU market.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Senetas, the world’s leading developer and supplier of high speed network encryption hardware teamed with Geneva-based id Quantique SA, a recognised world leader in the commercialisation of Quantum Cryptography ("QC"), to produce the world’s first Gigabit speed hybrid quantum cryptography solution.

The award was conferred by global growth consulting company, Frost & Sullivan based on the company’s study of the global quantum cryptography market, in which Senetas was awarded the 2006 Frost & Sullivan Technology Innovation Award. This award recognizes Senetas’ novel hybrid encryption technology.

"Senetas’ unique solution combines the strengths of classical encryption techniques and QC, thereby enhancing the performance of high-speed network encryption systems for high security applications", said Frost & Sullivan Australia Managing Director, Mark Dougan.

The citation accompanying the award states:
"In this hybrid encryption solution, a Senetas CypherNET encryptor (CNET) provides layer 2 network encryption and employs a physically connected QKD system, developed by the technology partner, as a source of encryption keys. The QKD system securely distributes encryption keys across the network, and the keys are then used by CNET to perform wire speed classical encryption across a network.

"This solution has been found to work across distances of up to 120 km, and the use of classical wires and encryption facilitates speeds of up to 10 Gbps, thereby overcoming QC’s limitations of speed. QKD enhances data security, with a potential to generate and exchange cryptographic keys over fiber optic networks with absolute security.

"This hybrid system could prove to be a strong differentiator in the network security market for Senetas. Immediate application and requirements for such a solution across various sectors, such as finance, banking, and government, is estimated to be high."

Mr Dougan said Frost & Sullivan analyst, Venkat Malleypula, recently conducted extensive global research and concluded: "The current classical encryption systems such as the CypherNet are reliable and can ensure the security of data for the next 30 years.

"In spite of possessing such a product in its portfolio, Senetas has come up with the hybrid encryption technology keeping in mind the requirements for data security with regards to unknown attacks and the development of quantum computers. This endeavour by Senetas to ensure data security for the present and future systems is commendable especially with the recent growing threat of cyber terrorism.

"There appears to be immediate application and requirements for such a technology for the provision of high security connections to Government and commercial organizations across the metro region.

"We believe this novel hybrid encryption technology could be a strong differentiator in the network security segment," the analyst’s report said.

Accepting the award, Senetas CEO, John DuBois said he was gratified that the decision to accelerate development of the hybrid quantum solution had resulted in global recognition of the efforts of both Senetas and id Quantique engineers.

"We appreciate the Frost & Sullivan research effort and the decision to give us this invaluable award that we expect will add further credibility to this new product development. But the ultimate recognition is the marketplace and I am pleased to report that initial European customer trials commencing last January have proved very successful and now another customer has asked for a proof of concept in a separate EU market," Mr DuBois said.

While details of customers undertaking trials of the hybrid solution in Europe could not be revealed, Mr DuBois said the initial feedback was excellent and both Senetas and id Quantique remained confident that a commercial deployment of hybrid quantum encryption would be achieved within the next six months.

About Senetas

Senetas Corporation Limited (senetas.com) is an Australian ASX S&P 300 company and is the world’s leading developer and supplier of high speed network encryption hardware products. Its products are accredited to the highest international government security standards (FIPS 104-2 and Common Criteria EAL4). Customers include Government, military, and law enforcement agencies in Australia, USA, Middle East, Asia, and the European Community, as well as some of the world’s leading financial institutions.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

Media Contacts:
Graeme Kemlo
Wordsmith Communications Corp.
P: +61.418.310.510
E: gkemlo[.]wordsmith.com.au

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
IT Services/Network Management articles,
CATCH Visitors via Your Competitors Announcements!


Senetas Corporation Limited Awarded Frost & Sullivan Technology Innovation Award

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Award Senetas | Frost & Sullivan
Publisher Contact: Sharmin Jassal 
+61.2.8247.8900 sharmin.jassal[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

IT Services/Network Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read IT Services/Network Management Most Recent Related Newswires:

Radware Powers XO Communications New DDoS Mitigation Service
Columbia College Chicago Builds E-Learning Network on ADVA FSP 3000
Strategic Integration Partners Significantly Increases Cloud Sales 200% with The Evolve IP OneCloud™
AlgoMatch and Arista 7160 Series Drive Advanced Network Enforcement
DigitalRoute to Attend TM Forum Asia on December 7-8 in Singapore
Evolve IP Honored with BroadSoft ‘Game Changer’ Award
ADVA Optical Networking Introduces Ensemble SmartWAN to Accelerate Virtualized SD-WAN
NEC Enhances Security At The 2016 APEC Economic Leaders' Week in Peru
Philip Linehan Joins EDTS as Sales Executive in Carolinas, Georgia
Multipharma Signs Five-year Contract with Damovo for Transformation Towards New Way of Working
Marcus by Goldman Sachs Deploys Finacle Solution on Cloud for its New Online Lending Business
ICSA Labs Affirms Radware's DDoS Mitigation Software and Testing Methodology
Verint Receives Frost & Sullivan’s Best Practices in New Product Innovation Award for Robotic Process Automation
NEC Participates in Global Wireless Summit 2016
Oscilloquartz Synchronizes Indian Defense’s National Transport Network

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)