IDQ-QTEC quantum information technology Company Limited was created by ID Quantique SA (IDQ) and Zhejiang Jiuzhou Quantum Technology (QTEC).
It is registered in Zhejiang province in China and the registered capital reaches up to 100 million RMB. QTEC invested 65 million RMB in the joint venture while IDQ took up the rest.
The joint venture will open the Chinese market to IDQ’s Quantum Random Number Generators (QRNGs) and Quantum Key Distribution (QKD) solutions.
The joint venture will take advantage of both sides to create a sustainable development of the market and profitability.