|[August 27, 2014]
Allied Minds Announces the Formation of Whitewood Encryption Systems, Inc.
BOSTON --(Business Wire)--
Allied Minds (LSE: ALM), an innovative U.S. science and technology
development and commercialization company, announced today the formation
of Whitewood Encryption Systems, Inc., a builder of next-generation
systems of data encryption that leverage advanced cryptography
technologies emerging from U.S. centers of research excellence.
Additionally, the company announced today it has exclusively licensed
intellectual property from Los Alamos National Laboratory for quantum
Whitewood seeks to meet the growing demand for cryptography products
that can protect consumers and businesses from a rapidly escalating
number of malicious, costly - and increasingly sophisticated - security
attacks and data leakages. Whitewood's advanced cryptography systems
will provide defenders with enhanced security through scalable,
cost-effective solutions that meet high-speed requirements for the
efficient transfer of data.
The company's initial products, anticipated to be a high-entropy,
high-throughput quantum random number generator and a next-generation,
scalable system of quantum key management, will be founded upon
technologies created at Los Alamos National Laboratory. These
technologies, backed by nearly two decades of research, are expected to
offer unprecedented levels of speed and security for data encryption by
providing a quantum pysics-based alternative to traditional
"Whitewood aims to address one of the most difficult problems in
securing modern communications: scalability- meeting the need for
low-cost, low-latency, high-security systems that can effectively
service increasingly complex data security needs," said John Serafini,
Vice President at Allied Minds. "Whitewood's foundation in quantum
mechanics makes it uniquely suited to satisfy demand for the encryption
of data both at rest as well as in transit, and in the mass quantity and
high-throughput requirements of today's digital environment."
Whitewood is being funded through Allied Minds' cybersecurity platform
company, Foreland Technologies (www.forelandtechnologies.com).
Whitewood is part of an expanding portfolio of high-technology companies
focused on building solutions to cyber and mobile security challenges by
commercializing innovations developed at leading research centers
throughout the U.S. federal research community. More information on
Whitewood can be found at www.whitewoodencryption.com,
and details about the Allied Minds Federal Innovations portfolio can be
found at www.alliedminds.com/subsidiaries/AMFI.
About Allied Minds
Allied Minds is an innovative U.S. science and technology development
and commercialization company. Operating since 2006, Allied Minds forms,
funds, manages and builds products and businesses based on innovative
technologies developed at leading U.S. universities and federal research
institutions. Allied Minds serves as a diversified holding company that
supports its businesses and product development with capital, central
management and shared services. More information about the Boston-based
company can be found at www.alliedminds.com.
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