Ok. I know you’re asking yourself, “What the heck is Quantum Technology?”. I wandered over to the FAQ at Qubit.org, and brought this back, “A fundamentally new mode of information processing that can be performed only by harnessing physical phenomena unique to quantum mechanics (especially quantum interference).” There’s more info about quantum mechanics in their FAQ.

So the news is important because it the first commercial application. “Magiq Technologies Inc. has employed quantum information processing techniques in its development of an uncrackable encryption system for communication lines, slated for delivery early next year. The fiber-optic link updates its encryption key encoded as quantum bits every second, and cannot be eavesdropped on without detection. “