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Quantum Computing Inc. Announces Agreement To Acquire Qphoton Delivering First Commercially Available, Ready-To-Run Full-Stack Quantum Solutions

PUBLIC · QUBTMay 24, 2022

Acquiring Company

Quantum Computing

Acquired Company

QPhoton

New JerseyInformation TechnologyHardwareFinancial ServicesSoftwareInformation TechnologyHardwareData And AnalyticsScience And EngineeringPrivacy And Security

Description

Quantum Computing Inc. ("QCI'' or the "Company") (NASDAQ: QUBT), a leader in accessible quantum computing software, today announced that it has entered into a definitive agreement to acquire QPhoton, a quantum photonics innovation company that has developed a series of quantum photonic systems (QPS). The acquisition of QPhoton extends QCI’s offerings to accelerate the accessibility of quantum computing, and other powerful technologies, into easily deployable solutions today, and advances QCI into a full-spectrum quantum software and hardware company.

Quick answer

Quantum Computing is acquiring QPhoton, announced May 24, 2022. Quantum Computing is based in New Jersey, United States.

How much did Quantum Computing pay for QPhoton?
The deal value was not disclosed.
What does Quantum Computing do?
Quantum Computing Inc. is a quantum hardware and software company on a mission to accelerate the value of quantum computing for real-world business solutions, delivering the future of quantum computing, today.
Where are Quantum Computing and QPhoton based?
Quantum Computing is based in New Jersey, United States.
Who are the decision-makers at Quantum Computing?
Fundz holds 3 contacts at Quantum Computing. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Quantum Computing

Location

New Jersey, United States

About

Quantum Computing Inc. is a quantum hardware and software company on a mission to accelerate the value of quantum computing for real-world business solutions, delivering the future of quantum computing, today. The company provides accessible and affordable solutions with real-world industrial applications, using nanophotonic-based quantum entropy that can be used anywhere and with little to no training, operates at normal room temperatures, low power and is not burdened with unique environmental requirements. QCi is competitively advantaged delivering its quantum solutions at greater speed, accuracy, and security at less cost. QCi's core nanophotonic-based technology is applicable to both quantum computing as well as quantum sensing and imaging solutions, providing QCi with a unique position in the marketplace. QCi's core entropy computing capability, the Dirac series, delivers solutions for both binary and integer-based optimization problems using over 11,000 qubits for binary problems and over 1000 (n=64) qubits for integer-based problems, each of which are the highest number of variables and problem size available in quantum computing today. Using the Company's core quantum methodologies, QCi has developed specific quantum applications for AI, cybersecurity and remote sensing, including its Reservoir Photonic Computer series, reprogrammable and non-repeatable Quantum Random Number Generator and LiDAR products. For more information about QCi, visit www.quantumcomputinginc.com.

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Frequently asked

Who acquired QPhoton?

QPhoton was acquired by Quantum Computing, based in New Jersey. The deal was reported on May 24, 2022. Quantum Computing Inc. is a quantum hardware and software company on a mission to accelerate the value of quantum computing for real-world business solutions, delivering the future of quantum computing, today. Quantum Computing is publicly traded (QUBT) and operates in Information Technology.

When did Quantum Computing acquire QPhoton?

Quantum Computing's acquisition of QPhoton was reported on May 24, 2022. Quantum Computing Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does QPhoton do?

QPhoton is a quantum photonics innovation company. It develops and commercializes powerful quantum nanophotonic technology and systems to transform critical areas of industry, including healthcare, cybersecurity, finance, environment, and computer vision. It is privately held, operating in Information Technology.

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