Secured Orders and Commercial Traction
Quantum Computing, Inc. secured an order for their quantum photonic vibrometer from Delft University of Technology and shipped their first commercial entangled photon source to South Korea. Additionally, they received a new commercial order from a top five US bank for their Quantum cybersecurity solution.
Strategic Government Partnerships
The company was awarded a subcontract valued at over $400,000 to support NASA's Langley Research Center, highlighting their value in scientific applications.
Financial Strengthening
Closed a $200 million financing in June, ending the quarter with $349 million in cash and equivalents, enhancing their ability to make strategic investments.
Foundry and Technological Advancements
The new quantum photonic chip facility in Tempe, Arizona, is now fully operational and positioned to scale production, supporting future revenue growth.
Leadership and Index Inclusion
Key leadership appointments were made, including a new CFO and COO, and the company was added to the 3,000 and 2,000 indices.