Quantum Computing Inc. - $QUBT STOCK NEWS

Quantum Computing Inc. (QCi) has secured multiple hardware sales of its Reservoir Computer and Quantum Random Number Generator to Assured Cyber Protection Ltd and millionways. The Reservoir Computer is a portable device that performs complex computational tasks with unprecedented speed and efficiency. The Quantum Random Number Generator provides true randomness for applications in cryptography and data encryption. The integration of QCi's technologies will enhance the capabilities of Assured Cyber Protection Ltd in detecting and responding to cyberattacks, and boost machine learning efficiency for millionways.

Quantum Computing Inc. (QCi) has been invited to present at the Emerging Growth Conference on November 2, 2023. The virtual presentation will feature CEO Robert Liscouski and CFO Chris Boehmler, providing an opportunity for investors to interact in real time. The event will take place at 10:50 AM Eastern Time and will last for 30 minutes. Attendees can register to attend the conference and access updates through the provided link. An archived webcast will also be available for those unable to join live.

Quantum Computing Inc. successfully conducted a field validation of its Quantum Photonic Detection and Ranging Variant 3 (VX3) sensor, demonstrating its ability to detect landmines and unexploded ordnances. The technology uses Quantum Single Photon Detection (QSPD) and can detect targets up to 30 inches deep. This validation has gained significant interest globally and multiple countries are engaging to bring this technology to the field immediately.

Quantum Computing Inc. to present at 8th Annual Dawson James Conference on October 12, 2023.

Quantum Computing Inc. (QCi) (Nasdaq: QUBT) appoints Dr. Javad Shabani, an expert in quantum materials and devices for computation technologies, to its Technical Advisory Board. Dr. Shabani joins a team of industry veterans, focusing on guiding the strategic evolution of QCi's technology and ensuring effective commercialization of product rollouts.

Quantum Computing Inc. (QCi) chooses ASU Research Park in Arizona as the location for its new quantum photonic chips manufacturing facility. The facility will accelerate advanced technology development in nanophotonics and optical chip manufacturing. Lithium niobate nanophotonic circuits will be used in QCi's products and for general sale. QCi has placed deposits of $2 million for the facility and plans to begin the buildout in Q4 2023. QCi anticipates chip manufacturing to commence in H1 2024. The company believes it is in a strong position to benefit from the CHIPS and Science Act of 2022. The expansion into Arizona is a strategic initiative for QCi due to the State's leadership in optics and interest in quantum computing. The move is expected to enhance Tempe's economic development and establish a quantum technology sector.

QI Solutions signs 5-year CRADA with USSOCOM to develop quantum technology applications. QI Solutions to work with USSOCOM's S&T Directorate on advanced quantum solutions for Special Operations Forces. QCi sees this as a significant opportunity for growth.

Quantum Computing Inc. (QCi) has signed a strategic sales and teaming agreement with Assured Cyber Protection Ltd (Recyber) to market and deliver their proprietary cyber security technologies and products. The agreement aims to achieve a Zero-Trust network environment using quantum authentication and Post Quantum Cryptography solutions. The companies have identified 13 sales opportunities and have advanced discussions with international organizations in healthcare, education, government, and banking sectors. The teaming agreement requires the party initiating a client engagement to receive 10% of gross revenue, with the remaining revenue divided based on tasks and technology solutions implemented. Recyber will become one of the first companies in Europe to offer quantum authentication and encryption solutions through this partnership. QCi's core technology is based on non-linear quantum optics and nanophotonic technologies, which contribute to holistic cybersecurity protection. The company has developed a unique Zero-Knowledge Proof Quantum Communication Protocol for authentication vulnerability security. The partnership between QCi and Recyber will explore sales and global expansion into other markets for QCi's quantum intelligence, sensing, imaging, and computing technology platform products.

Quantum Computing Inc. (QCi) (Nasdaq: QUBT) Initiates Commercialization and Multiple Product Launches, Reports Financial Results for Second Quarter 2023