MagiQ Readies Quantum Code System

MagiQ Technologies Inc. of New York has announced plans for the commercial release of its Navajo quantum cryptography product. The quantum key distribution system will transmit entangled photons over fiber optics, enabling users to create secure code keys. Target sectors include financial institutions, the government and the military.

The company has received approximately $7 million in seed funding to prepare for the product launch and to assist in the further acquisition of intellectual property in quantum information processing. Beta testing of Navajo is slated for early this year, with commercial availability planned by the end of 2003.