Quantum Computing Inc. Secures Purchase Order from Top 5 U.S. Bank to Advance Quantum Cybersecurity Testbed
Rhea-AI Summary
Quantum Computing Inc. (Nasdaq: QUBT) has secured its first U.S. commercial quantum cybersecurity sale with a $332,000 purchase order from a Top 5 U.S. Bank. The order includes quantum communication systems that will be integrated into the bank's new Cybersecurity Quantum Optics Lab.
The system will establish a secure, air-gapped quantum security testbed to validate emerging technologies including quantum key distribution (QKD), quantum authentication, and quantum random number generation (QRNG). The deal includes professional services and extended warranty coverage, positioning QCi as a strategic partner in quantum technology adoption.
Positive
- First U.S. commercial sale of quantum cybersecurity solutions, valued at $332,000
- Strategic partnership with a Top 5 U.S. Bank validates QCi's technology
- Order includes recurring revenue through professional services and extended warranty
- Technology compatible with existing telecom infrastructure, enabling scalable deployment
Negative
- Revenue from single order is relatively modest for a public company
- Initial deployment is only for testing purposes, not full commercial implementation
News Market Reaction
On the day this news was published, QUBT declined 6.71%, reflecting a notable negative market reaction. Argus tracked a trough of -4.1% from its starting point during tracking. Our momentum scanner triggered 47 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $209M from the company's valuation, bringing the market cap to $2.91B at that time.
Data tracked by StockTitan Argus on the day of publication.
QCi's quantum communication systems generate, distribute, and detect entangled photons at telecom wavelengths in compact, rack-mountable devices, easy to integrate with current telecom infrastructures. They use time-frequency degrees of freedom to achieve exceptional stability and robustness, and adopt a highly modular design for scalable deployment of quantum communications over existing fiber-optic networks. A single system can implement both quantum encryption and the Company's globally patented quantum authentication protocols to comprehensively safeguard communications over the internet.
The system will serve as the cornerstone of a secure, air-gapped quantum security testbed within the bank's newly established Cybersecurity Quantum Optics Lab. The testbed is designed to explore and validate emerging quantum security and communication technologies, including quantum key distribution (QKD), quantum authentication, and quantum random number generation (QRNG) - critical tools in the next generation of secure communications infrastructure.
"This order represents a pivotal commercial validation of QCi's quantum photonics and hardware capabilities," said Dr. Yong Meng Sua, CTO at QCi. "As cyber threats grow, the urgency to harden communication systems using quantum principles is clear. We're proud to support one of the nation's preeminent financial institutions as they pioneer these defenses."
Dr. Pouya Dianat, Chief Revenue Officer of QCi added, "This order from a major financial institution is an important step forward for the broader adoption of quantum technologies in enterprise environments. It underscores the relevance of QCi's technologies in the cybersecurity space and positions QCi as a key player in quantum-secured infrastructure development for high-impact industries."
In addition to hardware delivery, the order includes professional services and extended warranty coverage, underscoring the strategic importance of the deployment and QCi's role as a long-term partner in quantum technology adoption.
About Quantum Computing Inc.
Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines and foundry services for the production of photonic chips based on thin-film lithium niobate (TFLN). QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.
Forward-Looking Statements
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include the adoption of quantum technologies by telecom markets and effectiveness of quantum technologies against evolving cyber threats. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the timing of orders and revenue, and making strategic acquisitions, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
Company Contact:
Rosalyn Christian/John Nesbett
IMS Investor Relations
qci@imsinvestorrelations.com
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SOURCE Quantum Computing Inc.
FAQ
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