Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced that it has been selected for three technology development projects related to quantum communication. The projects are part of the second phase of the QuNET initiative funded by Germany's Federal Ministry of Education and Research (BMBF). Mynaric's technology development will be co-funded with a total amount of up to 5.6 million Euros between 2023 and 2025.

Chinese scientists have developed a high-speed quantum key distribution (QKD) system to generate secret keys at a rate exceeding 110 Mb/s over a 10 km standard optical fiber, setting a new world record in the field.

The annual 9th ETSI/IQC Quantum Safe Cryptography Event will be held at ETSI Headquarters in Sophia Antipolis from 13-15 February 2023.