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Allied Minds Forms Data Encryption Company
LONDON (Alliance News) - Allied Minds PLC said Friday that it has formed a data encryption company, Whitewood Encryption Systems Inc, which it will fund through its cybersecurity platform company Foreland Technologies.
The company has been founded on technologies created at the Los Alamos National Laboratory, it said, from which it has also licensed intellectual property for quantum cryptography.
Initial projects from the company are expected to include a quantum random number generator and a system of quantum key management.
Allied Minds said that Whitewood will seek to meet "growing demand for cryptography products" to protect consumers and businesses from security attacks and data leaks.
Shares in Allied Minds were trading down 1.7% at 264.81 pence Friday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2014 Alliance News Limited. All Rights Reserved.
Latest ALM News
- Crystal Amber Fund Withdraws Allied Minds General Meeting Requisition
11 Dec 2019 - Allied Minds Ends Co-CEO Structure Amid Board Changes, Cost Cutting
11 Dec 2019 - Crystal Amber Fund Takes Aim At Directors Of Allied Minds
21 Nov 2019 - UK Shareholder Meetings Calendar - Next 7 Days
30 Oct 2019 - Revenue and income slide as Allied Minds exits mature investments
26 Sep 2019 - Allied Minds Interim Profit Falls Amid Finance Income Boost Year Prior
26 Sep 2019 - TOP NEWS: Allied Minds Sells HawkEye Stake, Plan USD33 Million Return
24 Sep 2019 - Allied Minds Portfolio Company Federated Wireless Raises USD51 Million
4 Sep 2019
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