INV4
3日前
Quantum Computing Inc. Announces Framework Agreement with Planck Dynamics to Deploy NeuraWave Photonic Reservoir Computer As A Foundational Platform For Next-Generation AI Applications
June 18, 2026
• Initial commercial commitment establishes a pathway for deployment of up to 100 NeuraWave systems, representing potential value in excess of $10 million
HOBOKEN, N.J., June 18, 2026 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and integrated photonics technology company, today announced that it has received a purchase order and entered into a framework agreement with Planck Dynamics (the "Customer"), a portfolio company of The Netherlands based defense technology investment firm NUNC Capital BV, to deploy QCi's NeuraWave photonic reservoir computer as a foundational platform for next-generation AI applications.
Under the terms of the agreement, the Customer has issued an initial purchase order for five NeuraWave systems, with delivery expected during 2026. The agreement also establishes a commercial framework designed to support scaled deployment of NeuraWave systems as end-user milestones are achieved and representing a potential aggregate program value in excess of $10 million. Future purchase orders beyond the initial order are contingent upon the Customer's achievement of specified program milestones and other customary conditions and, accordingly, are not guaranteed.
"We believe photonic reservoir computing represents an important new computing architecture for AI workloads that must operate at the edge, where data are generated," said Yong Meng Sua, Chief Technology Officer at QCi. "With NeuraWave, we're giving organizations a highly differentiated path to deploy real-time intelligence for temporal AI and time-series applications, without dependence on centralized compute infrastructure."
"The significance of this agreement extends well beyond the sale of the hardware. Planck Dynamics selected NeuraWave as a foundational technology platform and made an initial commercial commitment that provides a pathway for scaled deployment over time. We believe this validates both the performance of our technology and its ability to address emerging AI infrastructure requirements at commercial scale," said Pouya Dianat, Chief Revenue Officer at QCi.
The Customer's program is focused on advancing next-generation reservoir computing architectures utilizing an electro-optic approach to artificial intelligence processing. The initiative is intended to support a broad range of applications spanning commercial and government markets, with an emphasis on enabling AI-at-the-edge capabilities in environments where low latency, power efficiency, and real-time decision-making are critical.
"Planck Dynamics was created to bring real-time insights to tactical operators at the frontlines. We work at the tip of the spear, ensuring that the right decision can be made with zero latency. To accomplish this in an environment with sensor overload, next-generation AI algorithms are needed, along with a full leap in technology capability. That is why Planck has partnered with QCi, developing our high-demand AI applications with advanced electro-optic computing built to work in low thermal footprint, low power, edge-native environments. We are excited to establish a foundation for a long-term collaboration with QCi as we build solutions that uniquely support the extraordinary demands of NATO and allied forces worldwide," said Nathan Eskue, Managing Director, Planck Dynamics.
"Planck Dynamic's collaboration with QCi represents a tangible step forward in bringing advanced nonlinear photonics capabilities into the European defense domain. That QCi has selected Planck Dynamics as an early commercialization and development partner for NeuraWave underscores the strategic nature of this collaboration. As the lead investor and main shareholder, NUNC Capital has supported Planck Dynamics from an early stage, providing not only capital but also access to defense networks, validation pathways, and initial market traction. This partnership reflects the kind of company NUNC aims to build and scale, one that translates cutting-edge innovation into deployable capabilities for the men and women on the ground," said Bram Oostvogel, Founding Partner, NUNC Capital BV.
The agreement supports the Customer's efforts to develop and deploy electro-optic computing technologies designed to address emerging requirements for advanced data-intensive applications across multiple operating environments, with both companies working together to accelerate the adoption of photonic reservoir computing for advanced temporal AI and machine learning applications.
The agreement represents a significant commercial milestone for QCi's NeuraWave system and further validates the growing market interest in photonic computing technologies for artificial intelligence applications. NeuraWave leverages photonic reservoir computing to address temporal AI and time-series machine learning workloads, enabling the efficient processing of complex, data-intensive applications where speed, power efficiency, and AI at the edge analysis are critical. The architecture is particularly well-suited for distributed AI deployments at the network edge, where moving large volumes of data to centralized computing resources may be impractical or undesirable.
The collaboration aligns with QCi's vision of expanding access to advanced computing technologies by bringing photonic AI capabilities into real-world commercial applications. The companies will commence technical kickoff activities and execute a formal Statement of Work to establish development milestones, integration objectives, and deployment schedules. The collaboration is expected to accelerate the adoption of photonic computing technologies in emerging AI markets.
About Quantum Computing Inc.
Quantum Computing Inc. (Nasdaq: QUBT) is a quantum optics and integrated photonics company focused on delivering accessible, scalable, and cost-effective quantum machines and photonic solutions. The Company provides foundry services for thin-film lithium niobate ("TFLN") photonic chips and offers a vertically integrated portfolio spanning photonics components, subsystems, and full-stack systems.
Designed to operate at room-temperature with low-power requirements, QCi's technologies enable practical deployment across high-growth markets, including high-performance computing, artificial intelligence, cybersecurity, aerospace and defense, and advanced sensing and imaging.
Headquartered in Hoboken, New Jersey, QCi has operations in Arizona, California, Illinois, Massachusetts and Virginia. By combining advanced materials, device engineering, and scalable manufacturing, QCi delivers integrated quantum and photonics technologies, accelerating commercialization and real-world adoption.
Company Contact:
John Nesbett/Zach NevasIMS Investor Relationsqci@imsinvestorrelations.com
About Planck Dynamics
Planck Dynamics is a Netherlands-based defense technology company that puts split-second, trustworthy AI in the hands of the units operating at the tactical edge. Its platform, RAPTR (Rapid Action Platform for Theater Resolution), brings together edge data governance, a certified AI runtime, and quantum-inspired photonic compute in a single ruggedized platform for mounted land forces, special forces, border protection, and tactical intelligence units. RAPTR runs where other tactical AI cannot, keeps a unit's data at its fingertips, and amplifies the operator's judgement to create a sustained, asymmetric advantage. The company is built inside TU Delft's House of Quantum and is backed by NUNC Capital. For more information, visit www.planckdynamics.ai.
About NUNC Capital
NUNC Capital is a Netherlands-based investment firm founded in 2013 that builds and scales defense technology companies supporting NATO and allied forces. The firm focuses on critical domains including advanced materials, artificial intelligence, electronic warfare, new energy, quantum technologies, unmanned systems, and mission-critical software. NUNC combines capital with deep defense market expertise, an international network, and access to key stakeholders across government and industry. It works closely with early-stage companies to validate technologies, secure initial deployment opportunities, and accelerate operational and commercial traction. Through this approach, NUNC develops and scales companies that deliver practical, mission-relevant capabilities to those operating on the front lines. For more information, visit www.nunccapital.com.
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$QUBT 🗞️
US Market News
3日前
Quantum Computing Inc. Announces Framework Agreement with Planck Dynamics to Deploy NeuraWave Photonic Reservoir Computer As A Foundational Platform For Next-Generation AI ApplicationsJune 18, 2026 8:30 AM
PR Newswire (US) Initial commercial commitment establishes a pathway for deployment of up to 100 NeuraWave systems, representing potential value in excess of $10 millionHOBOKEN, N.J., June 18, 2026 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and integrated photonics technology company, today announced that it has received a purchase order and entered into a framework agreement with Planck Dynamics (the "Customer"), a portfolio company of The Netherlands based defense technology investment firm NUNC Capital BV, to deploy QCi's NeuraWave photonic reservoir computer as a foundational platform for next-generation AI applications. Under the terms of the agreement, the Customer has issued an initial purchase order for five NeuraWave systems, with delivery expected during 2026. The agreement also establishes a commercial framework designed to support scaled deployment of NeuraWave systems as end-user milestones are achieved and representing a potential aggregate program value in excess of $10 million. Future purchase orders beyond the initial order are contingent upon the Customer's achievement of specified program milestones and other customary conditions and, accordingly, are not guaranteed."We believe photonic reservoir computing represents an important new computing architecture for AI workloads that must operate at the edge, where data are generated," said Yong Meng Sua, Chief Technology Officer at QCi. "With NeuraWave, we're giving organizations a highly differentiated path to deploy real-time intelligence for temporal AI and time-series applications, without dependence on centralized compute infrastructure.""The significance of this agreement extends well beyond the sale of the hardware. Planck Dynamics selected NeuraWave as a foundational technology platform and made an initial commercial commitment that provides a pathway for scaled deployment over time. We believe this validates both the performance of our technology and its ability to address emerging AI infrastructure requirements at commercial scale," said Pouya Dianat, Chief Revenue Officer at QCi.The Customer's program is focused on advancing next-generation reservoir computing architectures utilizing an electro-optic approach to artificial intelligence processing. The initiative is intended to support a broad range of applications spanning commercial and government markets, with an emphasis on enabling AI-at-the-edge capabilities in environments where low latency, power efficiency, and real-time decision-making are critical."Planck Dynamics was created to bring real-time insights to tactical operators at the frontlines. We work at the tip of the spear, ensuring that the right decision can be made with zero latency. To accomplish this in an environment with sensor overload, next-generation AI algorithms are needed, along with a full leap in technology capability. That is why Planck has partnered with QCi, developing our high-demand AI applications with advanced electro-optic computing built to work in low thermal footprint, low power, edge-native environments. We are excited to establish a foundation for a long-term collaboration with QCi as we build solutions that uniquely support the extraordinary demands of NATO and allied forces worldwide," said Nathan Eskue, Managing Director, Planck Dynamics."Planck Dynamic's collaboration with QCi represents a tangible step forward in bringing advanced nonlinear photonics capabilities into the European defense domain. That QCi has selected Planck Dynamics as an early commercialization and development partner for NeuraWave underscores the strategic nature of this collaboration. As the lead investor and main shareholder, NUNC Capital has supported Planck Dynamics from an early stage, providing not only capital but also access to defense networks, validation pathways, and initial market traction. This partnership reflects the kind of company NUNC aims to build and scale, one that translates cutting-edge innovation into deployable capabilities for the men and women on the ground," said Bram Oostvogel, Founding Partner, NUNC Capital BV.The agreement supports the Customer's efforts to develop and deploy electro-optic computing technologies designed to address emerging requirements for advanced data-intensive applications across multiple operating environments, with both companies working together to accelerate the adoption of photonic reservoir computing for advanced temporal AI and machine learning applications.The agreement represents a significant commercial milestone for QCi's NeuraWave system and further validates the growing market interest in photonic computing technologies for artificial intelligence applications. NeuraWave leverages photonic reservoir computing to address temporal AI and time-series machine learning workloads, enabling the efficient processing of complex, data-intensive applications where speed, power efficiency, and AI at the edge analysis are critical. The architecture is particularly well-suited for distributed AI deployments at the network edge, where moving large volumes of data to centralized computing resources may be impractical or undesirable.The collaboration aligns with QCi's vision of expanding access to advanced computing technologies by bringing photonic AI capabilities into real-world commercial applications. The companies will commence technical kickoff activities and execute a formal Statement of Work to establish development milestones, integration objectives, and deployment schedules. The collaboration is expected to accelerate the adoption of photonic computing technologies in emerging AI markets.About Quantum Computing Inc.Quantum Computing Inc. (Nasdaq: QUBT) is a quantum optics and integrated photonics company focused on delivering accessible, scalable, and cost-effective quantum machines and photonic solutions. The Company provides foundry services for thin-film lithium niobate ("TFLN") photonic chips and offers a vertically integrated portfolio spanning photonics components, subsystems, and full-stack systems.Designed to operate at room-temperature with low-power requirements, QCi's technologies enable practical deployment across high-growth markets, including high-performance computing, artificial intelligence, cybersecurity, aerospace and defense, and advanced sensing and imaging.Headquartered in Hoboken, New Jersey, QCi has operations in Arizona, California, Illinois, Massachusetts and Virginia. By combining advanced materials, device engineering, and scalable manufacturing, QCi delivers integrated quantum and photonics technologies, accelerating commercialization and real-world adoption.Company Contact:John Nesbett/Zach Nevas
IMS Investor Relations
qci@imsinvestorrelations.comAbout Planck DynamicsPlanck Dynamics is a Netherlands-based defense technology company that puts split-second, trustworthy AI in the hands of the units operating at the tactical edge. Its platform, RAPTR (Rapid Action Platform for Theater Resolution), brings together edge data governance, a certified AI runtime, and quantum-inspired photonic compute in a single ruggedized platform for mounted land forces, special forces, border protection, and tactical intelligence units. RAPTR runs where other tactical AI cannot, keeps a unit's data at its fingertips, and amplifies the operator's judgement to create a sustained, asymmetric advantage. The company is built inside TU Delft's House of Quantum and is backed by NUNC Capital. For more information, visit www.planckdynamics.ai.About NUNC CapitalNUNC Capital is a Netherlands-based investment firm founded in 2013 that builds and scales defense technology companies supporting NATO and allied forces. The firm focuses on critical domains including advanced materials, artificial intelligence, electronic warfare, new energy, quantum technologies, unmanned systems, and mission-critical software. NUNC combines capital with deep defense market expertise, an international network, and access to key stakeholders across government and industry. It works closely with early-stage companies to validate technologies, secure initial deployment opportunities, and accelerate operational and commercial traction. Through this approach, NUNC develops and scales companies that deliver practical, mission-relevant capabilities to those operating on the front lines. For more information, visit www.nunccapital.com.Forward-Looking StatementsThis 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 and forecasts, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "enhance," "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 statements regarding the intent, belief, or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the sale of additional NeuraWave units beyond the initial purchase order, the ability of NeuraWave to address AI infrastructure requirements at commercial scale, the Customer's achievement of specified milestones, and the ability of reservoir computing to address demanding applications, 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. View original content to download multimedia:https://www.prnewswire.com/news-releases/quantum-computing-inc-announces-framework-agreement-with-planck-dynamics-to-deploy-neurawave-photonic-reservoir-computer-as-a-foundational-platform-for-next-generation-ai-applications-302804008.htmlSOURCE Quantum Computing Inc. Original: Quantum Computing Inc. Announces Framework Agreement with Planck Dynamics to Deploy NeuraWave Photonic Reservoir Computer As A Foundational Platform For Next-Generation AI Applications
US Market News
1月前
Quantum Computing Inc. Reports First Quarter 2026 Financial ResultsMay 11, 2026 4:05 PM
PR Newswire (US) Q1 revenue increases to $3.7 million from $39 thousand in Q1 '25Company completes two strategic acquisitions advancing its product roadmap to deliver practical quantum and photonics solutionsEnds quarter with $1.4 billion in cash, cash equivalents and investmentsHOBOKEN, N.J., May 11, 2026 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), a quantum optics and integrated photonics company, today released financial results for the three months ended March 31, 2026.Dr. Yuping Huang, Chief Executive Officer of QCi, commented, "QCi made significant operational progress in the first quarter of 2026, furthering our mission of delivering accessible, scalable, and affordable quantum machines and photonic solutions for practical use across high-growth markets, including high-performance computing, artificial intelligence, cybersecurity, aerospace and defense, and advanced sensing and imaging. As demand for faster and more efficient data processing grows, it is becoming increasingly clear that photonics will be a critical component of future technological advancements given its low power consumption and ability to operate at room temperature. During the first quarter we strengthened our position in this space, and made significant progress in advancing our technology roadmap and continued to grow our commercial momentum. "We completed two key acquisition opportunities in the quarter, closing the acquisitions of Luminar Semiconductor, Inc. ("LSI"), and NuCrypt, LLC ("NuCrypt"), improving our path to scalable manufacturing and bolstering our portfolio of quantum communications and photonics solutions. We are currently integrating LSI and NuCrypt into QCi. These acquisitions bring established capabilities in lasers, detectors and advanced packaging, broad R&D and manufacturing capabilities, and an experienced team of engineers and scientists, further expanding our talent base and execution capacity. As we move through 2026, we remain focused on expanding our strategic partnerships, scaling our technology and manufacturing capabilities, and continuing to advance our mission of putting quantum-enabled solutions into the hands of people." First Quarter 2026 Financial HighlightsFirst quarter 2026 revenues totaled approximately $3.7 million compared to $39 thousand in the first quarter of 2025. The year-over-year increase was driven primarily by the acquisition of LSI in February 2026, and, to a lesser extent, NuCrypt in March 2026. Operating expenses totaled $19.8 million compared to $8.3 million in the first quarter of 2025, up 139%, largely reflecting higher personnel costs across research and development, sales and marketing, and general and administrative functions and higher expenses primarily associated with acquisition-related transaction expenses.The Company reported a net loss of $4.1 million, or $0.02 per basic share for the first quarter of 2026, compared to net income of $17.0 million or $0.13 per basic share, for the prior-year period. The year-over-year change in net loss was primarily driven by the decrease in the non-cash gain on the mark-to-market of the Company's derivative liability (which relates to warrants issued for the merger with QPhoton in June 2022) and higher operating expenses.Total assets at March 31, 2026 were approximately $1.6 billion, relatively unchanged compared to December 31, 2025. Cash, cash equivalents and investments totaled approximately $1.4 billion at March 31, 2026, compared to approximately $1.5 billion at year-end 2025.Total liabilities at March 31, 2026 were $23.4 million, an increase of $2.7 million compared to year-end 2025.As of March 31, 2026, the Company had stockholders' equity totaling $1.6 billion.As of March 31, 2026, contract backlog was approximately $16 million.First Quarter 2026 Operational HighlightsAcquisition of Luminar Semiconductor, Inc.: During the first quarter, QCi completed the acquisition of Luminar Semiconductor, Inc. in an all-cash transaction valued at $110 million. LSI manufactures and sells a portfolio of photonic components and brings established capabilities in lasers, detectors, advanced packaging, and manufacturing, complementing QCi's position in thin film lithium niobate ("TFLN") integrated photonics.Acquisition of NuCrypt, LLC: During the first quarter, QCi completed the acquisition of NuCrypt, LLC, a quantum communications technology company, in a transaction valued at $5 million. By integrating NuCrypt's suite of quantum communications systems and products, QCi expects to advance its technology roadmap while extending its portfolio of quantum communications and quantum photonics solutions.Placed Quantum Optimization Machine on Quantum Corridor Network: QCi announced during the first quarter the placement of a QCi Dirac-3 quantum optimization machine on Quantum Corridor's network, a multi-state quantum-safe commercial communication network in North America. The partnership with Quantum Corridor will allow for enhanced, secure and on-demand Dirac-3 access for institutions and commercial customers on Quantum Corridor's network.Quantum Photonic Chip Foundry Update: QCi's Fab 1 facility, currently purposed for research and development and prototyping, has been ramping up small-batch manufacturing and has begun to generate early revenue. The Company has been actively exploring options for a planned Fab 2 facility, with the goal of further expanding production capacity.Earnings Conference CallThe Company will host its first quarter 2026 call today, Monday, May 11, 2026, at 4:30 p.m. ET. To access the live webcast of the conference call, visit the QCi Investor Relations page at https://quantumcomputinginc.com/investor-relations. Investors may also access the webcast via the following link: https://www.webcaster5.com/Webcast/Page/3051/53987.To participate in the call by phone, dial (888) 506-0062 approximately five minutes prior to the scheduled start time. International callers please dial (973) 528-0011. Callers should use access code: 639951.A replay of the teleconference will be available until May 25, 2026, and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 53987.About Quantum Computing Inc.Quantum Computing Inc. (Nasdaq: QUBT) is a quantum optics and integrated photonics company focused on delivering accessible, scalable, and cost-effective quantum machines and photonic solutions. The Company provides foundry services for thin-film lithium niobate ("TFLN") photonic chips and offers a vertically integrated portfolio spanning photonics components, subsystems, and full-stack systems.Designed to operate at room-temperature with low-power requirements, QCi's technologies enable practical deployment across high-growth markets, including high-performance computing, artificial intelligence, cybersecurity, aerospace and defense, and advanced sensing and imaging. Headquartered in Hoboken, New Jersey, QCi has operations in Arizona, California, Illinois, Massachusetts and Virginia. By combining advanced materials, device engineering, and scalable manufacturing, QCi delivers integrated quantum and photonics technologies, accelerating commercialization and real-world adoption.Company Contact:
John Nesbett/Zach Nevas
IMS Investor Relations
investors@quantumcomputinginc.comForward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our expectations of future results, operational expansion and business strategy are forward-looking statements. The words "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "strategy," "future," "could," "would," "project," "plan," "target," and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to, future demand for quantum and photonic products, the Company's ability to scale its technology and manufacturing, the Company's ability to integrate and benefit from recent acquisitions, and the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC's website at www.sec.gov and the Investor Relations section of our website at https://quantumcomputinginc.com/investor-relations, which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.QUANTUM COMPUTING INC.Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income(Unaudited, in thousands, except per share data)
Three Months Ended
March 31,
2026
2025
Total revenue
$3,691
$39
Cost of revenue
4,412
26
Gross (loss) profit
(721)
13
Operating expenses
Research and development
6,969
2,985
Sales and marketing
1,597
672
General and administrative
11,263
4,642
Total operating expenses
19,829
8,299
Loss from operations
(20,550)
(8,286)
Non-operating income (expense)
Interest and other income
13,495
1,696
Interest expense
(171)
(58)
Change in fair value of derivative liability
3,176
23,630
(Loss) income before income tax provision
(4,050)
16,982
Income tax provision
-
-
Net (loss) income
(4,050)
16,982
Other comprehensive (loss) income:
Unrealized losses on available-for-sale debt securities
(3,822)
-
Total comprehensive (loss) income
$(7,872)
$16,982
(Loss) earnings per share:
Basic
$(0.02)
$0.13
Diluted
$(0.02)
$0.11
Weighted average shares used in computing net (loss) income per common share:
Basic
223,986
135,217
Diluted
223,986
153,006
QUANTUM COMPUTING INC.Condensed Consolidated Balance Sheets(Unaudited, in thousands, except par value data)
March 31, 2026
December 31, 2025
Assets
Current assets:
Cash and cash equivalents
$257,711
$737,880
Accounts receivable, net
4,281
519
Inventory
4,112
352
Short-term investments
728,401
379,421
Accrued interest receivable
5,346
3,634
Prepaid expenses and other current assets
5,225
11,914
Total current assets
1,005,076
1,133,720
Property and equipment, net
16,942
12,971
Operating lease right-of-use assets
5,206
2,353
Intangible assets, net
19,191
6,500
Goodwill
146,511
55,573
Long-term investments
422,818
403,121
Accrued interest receivable - long term
4,517
4,551
Other non-current assets
273
131
Total assets
$1,620,534
$1,618,920
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
$2,707
$778
Accrued expenses
8,342
9,135
Deferred revenue
1,882
395
Other current liabilities
2,144
766
Total current liabilities
15,075
11,074
Derivative liability
4,597
7,773
Operating lease liabilities
3,678
1,808
Total liabilities
23,350
20,655
Commitments and Contingencies (see Note 10)
Stockholders' equity:
Preferred stock, $0.0001 par value, 1,550 shares Series A Preferred authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively; 3,080 shares of Series B Preferred Stock authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively
-
-
Common stock, $0.0001 par value, 250,000 shares authorized; 225,494 and 224,165 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively
23
22
Additional paid-in capital
1,823,284
1,816,494
Accumulated deficit
(223,206)
(219,156)
Accumulated other comprehensive (loss) income
(2,917)
905
Total stockholders' equity
1,597,184
1,598,265
Total liabilities and stockholders' equity
$1,620,534
$1,618,920
View original content to download multimedia:https://www.prnewswire.com/news-releases/quantum-computing-inc-reports-first-quarter-2026-financial-results-302768603.htmlSOURCE Quantum Computing Inc. Original: Quantum Computing Inc. Reports First Quarter 2026 Financial Results
US Market News
2月前
Industry Leaders Demonstrate Integrated Post-Quantum Security Solutions at OFC 2026May 6, 2026 9:25 AM
PR Newswire (Canada) Issued on behalf of Quantum Secure Encryption Corp.VANCOUVER, BC, May 6, 2026 /CNW/ -- Equity-Insider.com News Commentary — The post-quantum cryptography market hit $850 million in 2024 and is on track to top $10 billion by 2032, growing at a 38% compound annual rate[1]. That kind of capital is pouring in for one reason: quantum computers are expected to break the encryption protecting most sensitive data today, and the migration window is shrinking fast. The White House's March 2026 Cyber Strategy made the timeline official, designating post-quantum cryptography as a federal infrastructure priority alongside zero trust and cloud security[2]. Six companies are now positioned across the full migration stack, from enterprise readiness platforms to quantum-secured communications and identity verification: Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8), Okta (NASDAQ: OKTA), Kyndryl (NYSE: KD), Quantum Computing (NASDAQ: QUBT), and Ciena (NYSE: CIEN). Analysts at MarketGenics project the broader sector will scale from $1 billion in 2025 to $45 billion by 2035, a 43% compound annual growth rate driven by the shift from pilot programs to full-scale enterprise deployment[3]. PwC's analysis of the federal strategy reinforces why: quantum-readiness roadmaps and crypto-agile infrastructure are becoming procurement prerequisites, which means the platforms that can actually execute a structured migration, not just flag the risk, are where the asymmetric value sits in this cycle[4].Quantum Secure Encryption (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) has released QPA v2, an enterprise platform designed to help organizations find exactly where their encryption is exposed to quantum computing and map out a plan to fix it before it becomes a problem.Quantum computers are expected to eventually break the encryption protecting most sensitive data today. Most large organizations already know this, but few have a practical way to act on it. QSE built QPA v2 to fill that gap. The platform walks teams through governance, budgets, and migration timelines using a step-by-step planning wizard. AI-powered modules score how prepared an organization's encryption actually is. Inventory tools scan software, hardware, and encryption infrastructure to flag what needs replacing. A centralized dashboard gives leadership a real-time view of risk and progress across the entire organization. QSE says the platform is already live with both current and prospective clients."Organizations are now moving from understanding quantum risk to actively planning for it," said Ted Carefoot, CEO of QSE. "QPA v2 is designed to support that transition by providing a structured, repeatable framework that enables enterprises and public-sector organizations to assess their current state, prioritize risk, and plan their migration toward post-quantum cryptographic standards."QSE's public-sector traction is growing. The company recently landed its first municipal government pilot through MISA (Municipal Information Systems Association), a national network connecting Canadian municipalities with emerging technology. That municipality is now using QPA to identify which systems depend on encryption that quantum computers could eventually crack, and to start planning upgrades. QSE says conversations with additional municipalities are already underway.The commercial side has expanded just as fast. Since November 2025, QSE has grown from four to thirteen operational markets worldwide, with eleven value-added distributors active and two more partnerships expected to close shortly. The company also joined CADSI (Canadian Association of Defence and Security Industries), opening new pathways into Canadian defence and public-sector procurement.QPA v2 connects to QSE's broader product suite, which includes quantum-resilient key infrastructure, the QAuth identity platform, and encrypted storage solutions. QSE is a Canadian post-quantum security company helping organizations protect sensitive data from the more powerful cyberattacks quantum computing is expected to enable, serving commercial, enterprise, and government clients ahead of a generational shift in encryption.CONTINUED… Read this and more on QSE at: https://equity-insider.com/2025/03/18/is-scope-technologies-corp-cse-scpe-otcqb-scpcf-the-next-big-player-in-quantum-cybersecurity/Other industry developments and happenings in the market include:Okta (NASDAQ: OKTA) has unveiled a new blueprint for the secure agentic enterprise, addressing three critical questions organizations face in deploying AI agents: where agents exist, what they can connect to, and what actions they can take. Recent research cited in the announcement found that 88% of organizations report suspected or confirmed AI agent security incidents, yet only 22% treat AI agents as independent, identity-bearing entities."AI agents are evolving faster than any software before them, making traditional security models obsolete. Speed is now a given, but security is the differentiator," said Ric Smith, President of Products & Technology, Okta. "With this new blueprint, Okta is establishing the industry standard for the secure agentic enterprise. We enable companies to discover shadow agents, secure connection points, and maintain the ultimate 'kill switch' to protect their enterprise from evolving risks."To implement the framework, Okta is delivering Okta for AI Agents, a platform set for general availability on April 30, 2026, that discovers and registers known and unknown AI agents, standardizes agent access, and enables instant access revocation. The platform extends Okta's existing catalog of 8,200+ integrations to include dedicated support for AI agent platforms including Boomi, DataRobot, and Google Vertex AI.Kyndryl (NYSE: KD) released findings from its 2025-2026 Security and Networks Snapshot, revealing a significant gap between enterprise infrastructure investment and actual preparedness for converging modernization demands. Based on insights from 3,700 business and technology leaders across 21 countries, the report found that while 62% of organizations are investing in quantum technologies, only 4% of leaders view quantum as the most impactful near-term technology, and 25% of mission-critical networks, storage and servers are at end-of-service."Quantum threats, evolving data sovereignty rules and aging networks are not separate challenges; they are connected pressure points on the same system," said Paul Savill, Global Practice Leader, Cyber Security & Resiliency, Network & Edge, Kyndryl. "In the AI era, organizations engineered for agility, sovereignty awareness and quantum readiness will not only reduce risk, but also build the trust required to fuel innovation."The report also found that 84% of leaders say data sovereignty and repatriation regulations have grown more important in the past year, while only 37% believe their network infrastructure is ready for future risks. As enterprises face tightening regulatory environments and accelerating AI adoption, Kyndryl positions its advisory and managed services portfolio as central to closing the readiness gap at scale.Quantum Computing (NASDAQ: QUBT) and Ciena (NYSE: CIEN) jointly demonstrated next-generation quantum-secured communications at OFC 2026, showcasing a layered security architecture that integrates quantum key distribution, quantum authentication, and AES-256-GCM optical encryption. The solution addresses both current cybersecurity threats and future risks posed by quantum computers by combining optical-layer encryption with post-quantum cryptographic techniques."This collaboration demonstrates how quantum-secured communications can move from theory to deployment," said Pouya Dianat, Chief Revenue Officer of Quantum Computing. "By integrating our time-frequency entanglement-based QKD and quantum identity authentication technologies with Ciena's high-capacity optical encryption solution, we are delivering a layered security approach built for real-world networks."Quantum Computing's system features a time-frequency entanglement-based QKD architecture using telecom-band photons, and can be augmented with Quantum Identity Authentication using Quantum Zero Knowledge Proof, a hardware-based technology recognized with the 2023 Edison Patent Award. Following its February 2026 acquisition of Luminar Semiconductor, the company has expanded its manufacturing capabilities and product portfolio across photonics and optics components and systems."For businesses and network operators handling sensitive data, the shift towards quantum-safe communications has already begun," said Paulina Gomez, Senior Advisor, Portfolio Marketing at Ciena. "Our easy-to-deploy solution delivers high-speed quantum-safe communications straight out of the box, without impacting performance, to protect critical in-flight data today while preparing for the quantum future."Ciena's Waveserver platform anchors the demonstration, delivering optical AES-256-GCM encryption scaling to 1.6 Tb/s with support for NIST-certified post-quantum cryptography algorithms and ETSI-standard QKD interworking, positioning both companies at the forefront of enterprise quantum security deployment.FURTHER READING: https://equity-insider.com/2025/03/18/is-scope-technologies-corp-cse-scpe-otcqb-scpcf-the-next-big-player-in-quantum-cybersecurity/CONTACT:
EQUITY INSIDER
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee for QSE - Quantum Secure Encryption Corp. advertising and digital media from the company directly which has since expired. There may be 3rd parties who may have shares QSE - Quantum Secure Encryption Corp., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of QSE - Quantum Secure Encryption Corp. which were purchased as a part of a private placement, and in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of QSE - Quantum Secure Encryption Corp. at any time hereafter without any further notice. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.kingsresearch.com/report/post-quantum-cryptography-market-3039 https://www.whitehouse.gov/wp-content/uploads/2026/03/president-trumps-cyber-strategy-for-america.pdf https://www.openpr.com/news/4433132/post-quantum-cryptography-market-poised-to-redefine-global https://www.pwc.com/us/en/services/consulting/cybersecurity-risk-regulatory/library/trump-cyber-strategy.html Logo - https://mma.prnewswire.com/media/2840019/5955974/Equity_Insider_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/industry-leaders-demonstrate-integrated-post-quantum-security-solutions-at-ofc-2026-302763984.html Original: Industry Leaders Demonstrate Integrated Post-Quantum Security Solutions at OFC 2026
US Market News
3月前
QCi Quantum Optimization Machine placed on Quantum Corridor networkMarch 30, 2026 8:30 AM
PR Newswire (US)
Dirac-3 now live on commercial quantum-ready network that recently proved QKD implementationHAMMOND, Ind. and HOBOKEN, N.J., March 30, 2026 /PRNewswire/ -- Quantum Corridor, the first inter-state quantum-safe commercial communications network in North America, and Quantum Computing Inc. ("QCi"/Nasdaq: QUBT), an innovative, quantum optics and integrated photonics technology company, today announced the placement of a QCi Dirac-3 quantum optimization machine on the network.The partnership will allow enhanced customer access for institutions and commercial customers with secure, on-demand access to Dirac-3 over Quantum Corridor's network. This comes on the heels of Quantum Corridor's recent breakthrough with Toshiba, implementing Quantum Key Distribution (QKD) over Quantum Corridor's commercial fiber infrastructure, which provides 10G commercial connection to the QCi machine secured with Toshiba QKD.Deployed at the Digital Crossroad Data Center in Hammond, Ind., the machine placement marks the first data center installation of a Dirac-3 machine and the first installation of its kind in a commercial data center environment. The Dirac-3 enables a novel revenue approach for QCi and Quantum Corridor alike, allowing clients to access Dirac-3 via Quantum Corridor's existing subscription and service framework."We are proud to partner with Quantum Corridor to deliver the first data center installation of our Dirac-3 computer, designed to solve complex optimization problems," said Dr. Yuping Huang, CEO of QCi. "This collaboration enhances secure and scalable access to our quantum computing capabilities and marks a significant step forward in QCi's commercial deployment strategy. By embedding our technology into a highly secure, quantum-compatible network in the Chicago and Northwest Indiana region, we are expanding practical access to quantum infrastructure for both academic and enterprise users. It reflects our commitment to making high-performance quantum solutions available where they're needed most in real-world IT ecosystems."The Dirac-3 delivers computational capabilities that can be used in a wide range of applications, enabling organizations to detect fraud across millions of transactions, optimize complex multi-asset portfolios, plan mission critical operations and manage UAS risk at scale. By solving problems that are extremely complex for classical systems, Dirac-3 empowers faster, data-driven decisions and drives innovation in both commercial and scientific industries.The partnership expands market reach and improves access to QCi's quantum hardware for the Chicago Quantum Exchange member institutions and a broader range of enterprises in the Midwest, including future expansion to universities and government partners in Indiana."Our purpose-built network is designed to grow to serve as a foundation for quantum internet, and we are delighted to have the QCi machine on our network," said Dr. Mit Jha, CEO of Quantum Corridor. "This is an important step towards offering our customers unique access to computing solutions in the quantum era. Our quantum safe network that connects research institutions and industries that are expected to benefit significantly from quantum solutions will now have the ability to solve some of the previously intractable optimization problems."Quantum Corridor's quantum-enabled commercial fiber infrastructure spans from Chicago's ORD 10 Data Center (350 Cermak) to the Digital Crossroad Data Center. Its live high-capacity optical network will link quantum research facilities, hyperscalers and industry leaders across key verticals with a capacity of 40 terabits per second (Tbps)—the equivalent of 1,500 hours of high-quality video per second—at a round-trip latency of 0.274 milliseconds—500 times faster than the blink of an eye and nearly 12 times faster than the average network.For more information, visit quantumcorridor.com and quantumcomputinginc.com.About Quantum Computing Inc.
Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, quantum optics and integrated photonics 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.Through its acquisitions of Luminar Semiconductor, Inc. and NuCrypt, LLC, QCi accelerated its technology roadmap while expanding technical depth, manufacturing capabilities, and its product portfolio to photonics and optics components, subsystems, and systems.About Quantum Corridor Inc.
Quantum Corridor Inc. was formed by Chicago-area technology innovators to drive tech infrastructure to Indiana and create an information-sharing platform for institutions such as Chicago Quantum Exchange, defense contractors, research hubs and universities. It is a member of the Bloch Tech Hub, a coalition of industry, academic, government and nonprofit stakeholders led by Chicago Quantum Exchange, one of 31 U.S. Regional and Innovation Technology Hubs federally designated for quantum technologies. Quantum Corridor Inc. was named a Chicago Quantum Exchange member in 2024. Upon its completion, the Quantum Corridor network will be the nation's largest quantum computing superhighway. Visit www.quantumcorridor.com for more information.Contacts:
Kevin Loughery
John Nesbett/Zach Nevas
Chief of Staff, Quantum Corridor
IMS Investor Relations
kevin@quantumcorridor.com
qci@imsinvestorrelations.com
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 and forecasts, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "enhance," "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 statements regarding the intent, belief, or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including whether QCi can generate revenue from the Quantum Corridor, the duration of government support for the Quantum Corridor, and the rate and extent commercial utilization of the Quantum Corridor and the Dirac-3 system. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
View original content to download multimedia:https://www.prnewswire.com/news-releases/qci-quantum-optimization-machine-placed-on-quantum-corridor-network-302727709.htmlSOURCE Quantum Computing Inc.
Original: QCi Quantum Optimization Machine placed on Quantum Corridor network
US Market News
3月前
The Race to Shield Global Infrastructure from the Coming Quantum ThreatMarch 19, 2026 11:39 AM
PR Newswire (US)
Issued on behalf of Quantum Secure Encryption Corp.VANCOUVER, BC, March 19, 2026 /PRNewswire/ -- USANewsGroup.com News Commentary — Think of it as a "digital heist" happening in slow motion. Bad actors are currently grabbing encrypted data with the plan to unlock it once quantum computers go mainstream. It is no longer a theoretical "maybe" scenario; it is an active operational risk. The World Economic Forum recently warned that this "harvest-now-decrypt-later" strategy is already well underway[1]. For the people running our power grids and water systems, the clock is ticking because their heavy-duty tech takes years, not months, to update[2]. This massive structural shift is opening doors for Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8), Ciena (NYSE: CIEN), Quantum Computing Inc. (QCi) (NASDAQ:QUBT), Zscaler (NASDAQ: ZS), and Cloudflare (NYSE: NET), as they race to provide the cryptographic agility institutions now require.
This is quickly moving from a "good idea" to a strict compliance mandate across the board. Gartner expects post-quantum standards to become the law of the land for banks, hospitals, and utilities within this current cycle[3]. Industry leaders are now treating cryptographic agility as the must-have organizational capability for the next decade. As the deadline for a methodical migration gets tighter, the companies building quantum-resilient architecture at the network and data sovereignty levels are positioned for pivotal market relevance as the window for transition compresses.Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) announced its first municipal government post-quantum security pilot this week, a concrete step forward for the Vancouver-based company as it pushes deeper into public-sector contracts. The pilot is being conducted through QSE's membership in MISA (Municipal Information Systems Association), which connects municipal governments across Canada on technology evaluation initiatives.The participating municipality will use QSE's Quantum Preparedness Assessment (QPA) platform to map its cryptographic exposure and build a readiness framework for the coming shift to post-quantum security standards. In plain terms, that means figuring out which of its systems could be cracked by a powerful enough quantum computer in the future, and starting to plan how to fix that before it becomes an emergency."Our engagement with municipal governments reflects the growing recognition that post-quantum security planning must begin well before quantum computing capabilities reach maturity," said Ted Carefoot, CEO of QSE. "Municipal governments operate critical infrastructure and sensitive citizen data systems, making early evaluation of cryptographic risk an important step in preparing for the next generation of cybersecurity challenges."The company noted it is already in talks with additional municipalities exploring similar assessments.The municipal pilot fits into a broader commercial story. Since November 2025, QSE has grown from four to thirteen operational markets worldwide, with eleven value-added distributors now active across its channel ecosystem and two more partnerships expected to close shortly. The company has also been building out its technology stack, adding expanded automation to the QPA platform for analyzing software, cryptographic, and hardware bills of materials, giving organizations a clearer picture of where their encryption vulnerabilities actually sit.On the identity side, QSE integrated its quantum-resistant entropy layer into QAuth, its authentication platform, strengthening how cryptographic keys are generated at the source level. The company also joined CADSI (Canadian Association of Defence and Security Industries) alongside its MISA membership, opening pathways into Canadian defence and public-sector procurement processes.QSE is a Canadian post-quantum security company building tools to help organizations protect their data not just from today's cyber threats, but from the more powerful attacks that quantum computing is expected to eventually make possible. Its platform covers migration readiness assessment, quantum-resilient key generation, identity and authentication, and encrypted storage architecture, targeting commercial, enterprise, and government clients preparing for a long-term shift in global cryptographic standards.CONTINUED… Read this and more on QSE at: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/In other industry developments and happenings in the market include:Ciena (NYSE: CIEN) has partnered with Quantum Computing Inc. (NASDAQ:QUBT) to demonstrate next-generation quantum-secured communications at OFC 2026, integrating QCi's time-frequency entanglement-based quantum key distribution technology with Ciena's Waveserver optical encryption platform supporting AES-256-GCM encryption scaling up to 1.6 Tb/s. The live demonstration showcases a layered security architecture combining quantum key distribution, quantum authentication, and NIST-certified post-quantum cryptography algorithms designed to address both current threats and future risks from quantum computers running Shor's algorithm."For businesses and network operators handling sensitive data, the shift towards quantum-safe communications has already begun," said Paulina Gomez, Senior Advisor, Portfolio Marketing at Ciena. "Our easy-to-deploy solution delivers high-speed quantum-safe communications straight out of the box, without impacting performance, to protect critical in-flight data today while preparing for the quantum future."The demonstration leverages an ETSI-standard API for seamless third-party QKD system interworking, underscoring Ciena's strategy of enabling commercially deployable quantum security within existing network infrastructure. As the global leader in high-speed connectivity serving enterprise and carrier customers worldwide, Ciena is positioning its optical encryption capabilities as critical infrastructure for the quantum transition.Zscaler (NASDAQ: ZS) has significantly expanded its data sovereignty capabilities across its Zero Trust Exchange platform, introducing enhanced local control planes in new regions including a forthcoming Canadian deployment, building on its existing dedicated infrastructure in the US, Europe, and six logging-plane countries. The expansion features in-region SSL inspection and malware analysis ensuring sensitive data never leaves its jurisdiction, alongside a "Collect Once, Certify All" compliance framework that accelerates validation across GDPR, NIS2, and DoD IL5."The true measure of a security cloud isn't just global performance, but its ability to adapt to local realities," said Misha Kuperman, Chief Reliability Officer at Zscaler. "Effective data sovereignty requires customers to have verified authority over their data residency, telemetry and control data plane data. By separating control, data, and logging planes with a decentralized architecture, Zscaler enables customers to align with strict local sovereignty requirements while maintaining the resilience and availability needed for global business continuity."Operating across 160+ data centers globally, Zscaler owns and operates its own cloud infrastructure, eliminating single-point-of-failure risk while allowing major financial institutions to conduct live fire drills validating platform resilience. The sovereignty expansion reinforces Zscaler's competitive position as enterprises face increasingly complex cross-border compliance mandates in the AI era.Cloudflare (NYSE: NET) has published its inaugural 2026 Cloudflare Threat Report based on analysis of the approximately 230 billion threats its network blocks daily, revealing a fundamental shift in attack methodology as nation-state actors and cybercriminals increasingly favor credential-based infiltration over traditional intrusion techniques. Key findings document Chinese state-sponsored actors Salt Typhoon and Linen Typhoon targeting North American telecommunications infrastructure, North Korean operatives using AI-generated deepfakes to embed workers in corporate payrolls, and record-breaking DDoS attacks reaching 31.4 Tbps."Hackers thrive on the gaps left by fragmented, stale threat intelligence," said Matthew Prince, co-founder and CEO of Cloudflare. "By sharing this intelligence with the world, we're plugging the gaps and shifting the advantage back to the defenders."The report documents how AI is effectively erasing the technical barrier to entry for sophisticated attacks, with threat actors using large language models to map networks in real time and craft hyper-realistic social engineering campaigns. Cloudflare's Cloudforce One research unit, which leverages telemetry from a network protecting approximately 20% of the web, positions the company to translate this threat intelligence into platform enhancements across its connectivity cloud product suite.SOURCE: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/CONTACT:
USA NEWS GROUP
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee for QSE - Quantum Secure Encryption Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares QSE - Quantum Secure Encryption Corp., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of QSE - Quantum Secure Encryption Corp. which were purchased as a part of a private placement, and in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of QSE - Quantum Secure Encryption Corp. at any time hereafter without any further notice. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.weforum.org/stories/2026/02/quantum-security-question-leaders-cannot-ignore/https://bisi.org.uk/reports/assessing-quantums-risk-on-critical-infrastructurehttps://www.gartner.com/en/newsroom/press-releases/2026-02-05-gartner-identifies-the-top-cybersecurity-trends-for-2026Logo - https://mma.prnewswire.com/media/2838876/5656770/USA_News_Group_Logo.jpg
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Original: The Race to Shield Global Infrastructure from the Coming Quantum Threat
US Market News
3月前
Quantum Computing Inc. and Ciena Demonstrate Next-Generation Quantum-Secured Communications with High-Speed Encryption using PQC and QKD at OFC 2026March 11, 2026 8:30 AM
PR Newswire (US)
HOBOKEN, N.J., March 11, 2026 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT) an innovative, quantum optics and integrated photonics technology company, and Ciena (Nasdaq: CIEN) today announced a joint demonstration of next-generation quantum secure communications at OFC 2026 in the Corporate Village Booth #5355. The live demonstration showcases a comprehensive security architecture integrating quantum key distribution, quantum authentication, classical authentication, and high-performance AES-256-GCM optical encryption.The solution is designed to address both current cybersecurity threats and future risks posed by quantum computers running Shor's algorithm by combining optical-layer encryption with quantum-secure and post-quantum cryptographic techniques."This collaboration demonstrates how quantum-secured communications can move from theory to deployment," said Pouya Dianat, Chief Revenue Officer of QCi. "By integrating our time-frequency entanglement-based QKD and quantum identity authentication technologies with Ciena's high-capacity optical encryption solution, we are delivering a layered security approach built for real-world networks."The demonstration showcases how Ciena's Waveserver platform protects critical data at scale with optical AES-256-GCM encryption scaling up to 1.6 Tb/s that supports NIST-certified post-quantum cryptography algorithms and seamless third-party QKD system interworking using an ETSI-standard API."For businesses and network operators handling sensitive data, the shift towards quantum-safe communications has already begun," said Paulina Gomez, Senior Advisor, Portfolio Marketing at Ciena. "Our easy-to-deploy solution delivers high-speed quantum-safe communications straight out of the box, without impacting performance, to protect critical in-flight data today while preparing for the quantum future. Collaborating with QCi demonstrates how our commercially available optical encryption can be deployed in real-world network environments with QKD technology to quantum-secure communication channels against even the most advanced threats."QCi's system features a time-frequency entanglement-based QKD architecture using telecom-band photons for enhanced deployment stability. The solution can be augmented with Quantum Identity Authentication using Quantum Zero Knowledge Proof (QZEK-P), a hardware-based implementation of QCi's proprietary technology recognized with the 2023 Edison Patent Award.The demonstration will be held in the Corporate Village at Booth #5355 and will require prior approval for viewing.About Quantum Computing Inc.Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, quantum optics and integrated photonics 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.Through its acquisition of Luminar Semiconductor, Inc., in February, 2026, QCi accelerated its technology roadmap while expanding technical depth, manufacturing capabilities, and its product portfolio to photonics and optics components, subsystems, and systems. About CienaCiena is the global leader in high-speed connectivity. We build the world's most advanced networks to support exponential growth in bandwidth demand. By harnessing the power of our networking systems, interconnects, automation software, and services, Ciena revolutionizes data transmission and network management. With unparalleled expertise and innovation, we empower our customers, partners, and communities to thrive in the AI era. For updates on Ciena, follow us on?LinkedIn and?X, or visit the?Ciena Insights webpage and Ciena website.Company Contact:
John Nesbett/Zach Nevas
IMS Investor Relations
qci@imsinvestorrelations.comForward-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 and forecasts, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "enhance," "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 statements regarding the intent, belief, or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the ability of the integrated solution to address current and future cybersecurity and quantum threats, the performance of QCi's and Ciena's products as an integrated system, 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/quantum-computing-inc-and-ciena-demonstrate-next-generation-quantum-secured-communications-with-high-speed-encryption-using-pqc-and-qkd-at-ofc-2026-302710416.htmlSOURCE Quantum Computing Inc.
Original: Quantum Computing Inc. and Ciena Demonstrate Next-Generation Quantum-Secured Communications with High-Speed Encryption using PQC and QKD at OFC 2026
US Market News
4月前
Quantum Threats Are Real. These Companies Are Building the FixMarch 6, 2026 11:00 AM
PR Newswire (US)
Issued on behalf of Quantum Secure Encryption Corp. (QSE)USA News Group News CommentaryVANCOUVER, BC, March 6, 2026 /PRNewswire/ -- A quantum-enabled cyberattack on a single major U.S. bank could trigger between $2.0 trillion and $3.3 trillion in cascading economic damage, according to a recent report from the Citi Institute[1]. That vulnerability is accelerating a global security overhaul, with global information security spending projected to reach $244.2 billion in 2026 as post-quantum cryptography emerges among the top forces reshaping enterprise defense[2]. Companies at the forefront of this transition include QSE Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8), Arqit Quantum (NASDAQ: ARQQ), IonQ (NYSE: IONQ), Quantum Computing (NASDAQ: QUBT), and D-Wave Quantum (NYSE: QBTS). IDC predicts that 40% of G2000 organizations will engage cybersecurity firms to conduct quantum risk assessments by 2027, driven by looming NIST deprecation deadlines for RSA and ECC encryption[3]. Already, 97% of enterprises plan to allocate cybersecurity budget to post-quantum cryptography over the next 24 months, reflecting urgency that extends well beyond research labs[4].QSE Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) is building the security layer that enterprises and governments will need when quantum computers render today's encryption obsolete. The Vancouver-based company specializes in post-quantum cryptography, delivering a modular platform built on proprietary quantum-delivered entropy and zero-knowledge architecture designed to protect sensitive data from both current cyber threats and future quantum-enabled attacks.The platform covers multiple layers of the post-quantum security stack. QSE's Quantum Preparedness Assessment (QPA) gives organizations a structured migration methodology for identifying cryptographic exposure and planning remediation at the executive level. QAuth delivers entropy-enabled single sign-on that embeds quantum-resistant key generation directly into identity workflows. The qREK SDK lets developers integrate quantum-resilient encryption into any application, while QSE-Chat offers fully quantum-secure messaging for enterprise and government clients on both iOS and Android."Our objective is to give enterprises clarity," said Ted Carefoot, CEO of QSE. "Post-quantum transition requires structured planning. Our methodology provides measurable indicators and visibility to help organizations understand where they stand and how to prioritize next steps."That clarity is translating into commercial traction across four continents. QSE recently renewed its enterprise agreement with The Muthoot Group, one of India's largest financial services organizations, covering approximately 14,000 user licenses. The company also entered South America with a three-year security deal supporting three Brazilian government end-clients for approximately 4,500 user licenses. International distribution extends through a partnership with NUSA Networks and Porta Nusa in Indonesia and a distributor agreement with Enzo Plus spanning 300 channel partners in Southeast Asia.On the defence front, QSE joined the Canadian Association of Defence and Security Industries (CADSI) and participated at the World Defense Show 2026 in Saudi Arabia as part of the official Canadian Delegation. The company holds a CyberSecure Canada Level 2 Certification and recently joined the Municipal Information Systems Association (MISA) as a National Partner, positioning across municipal, federal, and allied defence channels as post-quantum migration timelines compress worldwide.CONTINUED... Read this and more news for Quantum Secure Encryption Corp. (QSE) at: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/In other industry developments:Arqit Quantum (NASDAQ: ARQQ) recently announced a strategic collaboration with 6WIND to deliver highly scalable quantum-safe encrypted VPN services for enterprise, telco, and B2B use cases. The partnership integrates Arqit's NetworkSecure quantum-safe encryption with 6WIND's Virtual Service Router, creating a fully integrated on-device quantum-safe IPsec solution."Our customers need highly available, pre-integrated, quantum-safe solutions deployable over flexible low-cost universal hardware and cloud infrastructure," said Scott Alexander, Chief Product Officer of Arqit Quantum. "This is exactly what the integration between Arqit and 6WIND technology delivers."The collaboration targets communications service providers facing rising demand for quantum-resilient protections as "harvest now, decrypt later" attacks increase. Arqit Quantum continues to expand its commercial footprint, having previously been selected by the UK National Cyber Security Centre for its Post-Quantum Cryptography Pilot.IonQ (NYSE: IONQ) recently completed its acquisition of Skyloom Global, a U.S.-based developer of lightwave-optics technology for secure, high-performance communications. The deal strengthens IonQ's quantum networking roadmap by adding expertise in free-space optical communications, photonic systems engineering, and secure data transmission."Completing the Skyloom acquisition is another important step as we build the foundation for scalable quantum networking," said Niccolo de Masi, Chairman and CEO of IonQ. "Skyloom brings proven optical and communications expertise to complete our vision for distributed quantum entanglement and ultra-secure connectivity."The acquisition positions IonQ to serve government, defense, and enterprise customers requiring quantum-grade secure connectivity. The company now owns all critical technology layers for distributed quantum entanglement, from trapped-ion hardware to networking infrastructure.Quantum Computing (QCi) (NASDAQ: QUBT) recently completed its $110 million acquisition of Luminar Semiconductor, marking a significant milestone in its strategy to build a vertically integrated photonics and quantum technology platform. The deal brings established capabilities in lasers, detectors, advanced packaging, and manufacturing."This acquisition allows us to move forward with a combination that is highly strategic for QCi," said Yuping Huang, CEO and Chairman of Quantum Computing. "While much of the industry remains tethered to large-size, cryogenic systems, QCi now owns the architecture required to deliver chip-scale quantum hardware that operates at room temperature."The company now controls the full photonics value chain from chip design through system delivery. Quantum Computing is positioning its room-temperature approach as a practical alternative to cryogenic quantum systems, targeting near-term commercial applications.D-Wave Quantum (NYSE: QBTS) recently joined the Southeastern Quantum Collaborative as an inaugural member alongside UAH, Davidson Technologies, IBM, and Alabama A&M University to accelerate quantum technology advancement and workforce development. A D-Wave Advantage2 system is now hosted at Davidson's Huntsville headquarters."Establishing a globally competitive, quantum-ready workforce across the Southeast, capable of operationalizing annealing and gate-model systems for mission-critical decision-making, large-scale operational efficiency, and the protection of national interests, will be decisive in accelerating adoption throughout the region's public and private sectors," said Jack Sears, Vice President of Government Business Solutions at D-Wave Quantum.The collaboration targets defense-oriented quantum use cases and workforce training across the Southeastern United States. D-Wave Quantum continues expanding its government partnerships as quantum computing transitions from research to operational deployment.Article Source: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/CONTACT:
USA NEWS GROUP
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for QSE - Quantum Secure Encryption Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares QSE - Quantum Secure Encryption Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of QSE - Quantum Secure Encryption Corp. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of QSE - Quantum Secure Encryption Corp. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://thequantuminsider.com/2026/02/10/citi-puts-a-multi-trillion-dollar-price-tag-on-the-quantum-cybersecurity-threat/https://www.gartner.com/en/newsroom/press-releases/2026-02-05-gartner-identifies-the-top-cybersecurity-trends-for-2026https://www.idc.com/resource-center/blog/is-your-business-quantum-ready-why-risk-assessments-are-critical-now/https://www.networkworld.com/article/4117438/quantum-computing-is-getting-closer-but-quantum-proof-encryption-remains-elusive.htmlLogo: https://mma.prnewswire.com/media/2838876/USA_News_Group_Logo.jpg
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Original: Quantum Threats Are Real. These Companies Are Building the Fix
US Market News
4月前
Quantum Computing Inc. Completes Acquisition of NuCrypt to Advance Quantum Communications CommercializationMarch 5, 2026 8:30 AM
PR Newswire (US)
HOBOKEN, N.J., March 5, 2026 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and integrated photonics technology company, today announced the completion of its acquisition of NuCrypt, LLC ("NuCrypt"), a quantum communications technology company, in a transaction valued at $5 million, to be paid in a combination of cash and shares of QCi common stock (the "Transaction").The acquisition helps establish quantum communications as an important commercialization vertical within QCi's broader quantum technology strategy. By integrating NuCrypt's suite of quantum communications systems and products, QCi expects to advance its technology roadmap while extending its portfolio of quantum communications and quantum photonics solutions."Quantum communications is an important growth vertical for QCi and NuCrypt increases our capabilities," said Dr. Yuping Huang, Chief Executive Officer of QCi. "Their platform and intellectual property portfolio, combined with our photonics and quantum technologies, positions us to provide scalable, commercially viable quantum communications solutions."Founded in 2003, NuCrypt was an early developer of commercial quantum communications technology. NuCrypt is a member of the Chicago Quantum Exchange, a leading U.S. quantum ecosystem, as well as the Quantum Economic Development Consortium (QED-C) and has in the past collaborated with other Chicago-area institutions such as Fermilab, Argonne National Laboratory, and Northwestern University.Its technologies have been used by organizations including NASA, the U.S. Army Research Laboratory, major research universities and customers across Australia, Canada, and Europe, demonstrating global demand for its quantum communications solutions.NuCrypt's patent portfolio spans quantum optics, RF-photonics, and photonic signal processing, further adding to QCi's intellectual property position and expanding its technology depth in secure communications and advanced computing applications."After more than 20 years as a highly specialized, independent quantum communications company, growing commercial interest and opportunities in the field suggest that now is the time to expand our footprint," said Gregory Kanter, Managing Partner of NuCrypt. "We are very excited to join forces with QCi and we believe their quantum photonic technologies offer the promise to not only better serve our current customers but also to address exciting new market opportunities."Through the integration of QCi's thin-film lithium niobate (TFLN) technology, the combined company expects to further advance NuCrypt's product portfolio by reducing device footprint, improving robustness, enhancing performance, and improving the path toward scalable, high-volume manufacturing.Professor Prem Kumar, a founding member of NuCrypt and Director of the Northwestern University Center for Photonic Communication and Computing added, "It's incredibly rewarding to see a vision that began years ago in academic research evolve into a commercial quantum computing enterprise. The integration of NuCrypt's pioneering work in quantum communications marks an important step toward realizing the full promise of quantum technologies. I am delighted to see this next generation take shape and be a part of it."Under the terms of the agreement, NuCrypt will initially operate as a wholly owned subsidiary of QCi.The combined companies will showcase their integrated technologies at the upcoming OFC Conference and Exhibition from March 17-19, 2026 in Los Angeles, CA, where NuCrypt will join QCi in its booth (#5105) to highlight advancements in quantum photonics and secure communications.About Quantum Computing Inc.Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, quantum optics and integrated photonics 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.Through its acquisition of Luminar Semiconductor, Inc., in February, 2026, QCi added to its technology roadmap while expanding technical depth, manufacturing capabilities, and its product portfolio to photonics and optics components, subsystems, and systems. Company Contact:John Nesbett/Zach NevasIMS Investor Relationsqci@imsinvestorrelations.comForward-Looking StatementsThis 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 and forecasts, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "enhance," "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 statements regarding the intent, belief, or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the occurrence of any event, change or other circumstances under which the anticipated benefits of the Transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of NuCrypt, diversion of management's attention from ongoing business operations and opportunities, operating costs and business disruption following the Transaction, exposure to potential litigation, the integration of NuCrypt's products and technologies with QCi, and the trajectory of QCi's development roadmap, 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.
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Original: Quantum Computing Inc. Completes Acquisition of NuCrypt to Advance Quantum Communications Commercialization
US Market News
4月前
Quantum Computing Inc. Reports Fourth Quarter and Year-End 2025 Financial ResultsMarch 2, 2026 4:05 PM
PR Newswire (US)
HOBOKEN, N.J., March 2, 2026 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and integrated photonics technology company, today released financial results for the three and twelve-month periods ended December 31, 2025.Dr. Yuping Huang, Chief Executive Officer of QCi, commented, "In 2025 we continued to advance our strategy to build a vertically integrated photonics and quantum optics platform capable of supporting scalable, commercial applications across AI, high-performance computing, cybersecurity, and remote sensing. We completed and opened "Fab 1", our TFLN chip manufacturing facility in Tempe, Arizona, expanded our foundry services business, strengthened our leadership team and board, and raised over $1.5 billion to support our long-term growth strategy and technology roadmap. We are now seeing early customer engagement and revenue contribution from our foundry services and product portfolio as we continue progressing toward broad scale commercialization.""Subsequent to the close of the fourth quarter, we completed our acquisition of Luminar Semiconductor, Inc., which brings established capabilities in lasers, detectors, advanced packaging, and manufacturing. The acquisition adds an established customer base and accelerates our path to scalable manufacturing. As we move through 2026, we remain focused on advancing strategic partnerships, scaling our technology and manufacturing capabilities, and investing in talent across engineering, research and production to support continued growth and execution."Fourth Quarter 2025 Financial HighlightsFourth quarter 2025 revenues totaled approximately $198,000 compared to $62,000, a 219% increase. The year-over-year increase was driven primarily by hardware sales and services associated with our Fab 1 facility, which began contributing revenue during the year.Fourth quarter 2025 operating expenses totaled $22.1 million compared to the previous year's fourth quarter operating expenses of $8.9 million, an increase of 148%. The increase in operating expenses is the result of substantial growth in personnel for research and development, engineering, manufacturing and sales and marketing to support our long-term growth initiatives, as well as M&A expenses.The Company reported a net loss of $1.6 million, or a loss of $0.01 per basic share for the fourth quarter of 2025, compared to a net loss of $51.2 million or a loss of $0.47 per basic share for the same period of the previous year. The improvement in net loss during the quarter was primarily due to a gain of $7.0 million from the mark-to-market of a derivative liability, which is non-cash in nature and subject to future volatility, plus interest income of $13.6 million.Total assets at December 31, 2025 were $1.6 billion, increasing from $153.6 million at December 31, 2024. Cash and cash equivalents at December 31, 2025 increased by $658.9 million to $737.9 million from year-end 2024 and investments as of December 31, 2025 totaled $783 million. During the fourth quarter, the Company raised gross proceeds of $750 million through a private placement of common stock.Total liabilities at December 31, 2025 were $20.7 million, a decrease of $25.6 million compared to year-end 2024.As of December 31, 2025, the Company had stockholders' equity totaling $1.6 billion.Fourth Quarter 2025 Operational Highlights, plus updates since December 31, 2025Acquisition of Luminar Semiconductor: During the quarter, QCi announced an agreement to acquire Luminar Semiconductor, Inc., which manufactures and sells a portfolio of photonic components and brings established capabilities in lasers, detectors, advanced packaging, and manufacturing, complementing QCi's position in TFLN integrated photonics. The all-cash transaction, valued at $110 million, was completed subsequent to the quarter on February 2, 2026.Completed $750 million Oversubscribed Private Placement: During the fourth quarter, QCi announced that it entered into securities purchase agreements with institutional investors for the purchase and sale of 37,183,937 shares of common stock in an oversubscribed private placement, resulting in gross proceeds of $750 million, before deducting offering expenses.Quantum Photonic Chip Foundry Update: QCi's Fab 1 facility, which is currently used as a research and development and prototyping space, has been ramping small-batch manufacturing and has begun to contribute revenue. The Company is actively planning for another manufacturing facility, known as Fab 2, which is expected to be larger facility designed to support higher-volume production.Dr. Yuping Huang confirmed as Chief Executive Officer: Dr. Yuping Huang was appointed CEO, effective January 1, 2026, after previously having been appointed Interim CEO in April 2025. Dr. Huang's appointment comes as part of QCi's ongoing focus on growth and scaling its quantum photonics systems for industrial and commercial use.Unveiled Photonics-Based Reservoir Computer, Neurawave: QCi debuted Neurawave, its newest reservoir computer, at SuperCompute25. Neurawave represented an important development for QCi as it delivers a photonic computing system designed to meet industry standards and seamlessly integrate with existing computing infrastructures.Strategic Collaboration with POET Technologies: During the quarter, QCi announced a strategic collaboration with POET Technologies, a leader in the design and implementation of highly-integrated optical engines and light sources for artificial intelligence networks, to develop 400G/Lane thin-film lithium niobate (TFLN) modulator-based 3.2Tbps engines designed to lead the next era of computing.Earnings Conference CallThe Company will host its fourth quarter and year end conference call today, Monday, March 2, 2026, at 4:30 p.m. ET. To access the live webcast of the conference call, visit the QCi Investor Relations page at https://quantumcomputinginc.com/investor-relations. Investors may also access the webcast via the following link: https://www.webcaster5.com/Webcast/Page/3051/53656.To participate in the call by phone, dial (877) 545-0523 approximately five minutes prior to the scheduled start time. International callers please dial (973) 528-0016. Callers should use access code: 293172.A replay of the teleconference will be available until March 16, 2026, and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 53656.About Quantum Computing Inc.Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, quantum optics and integrated photonics technology company that provides accessible and affordable quantum machines and TFLN foundry services to the world today. 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.Through its acquisition of Luminar Semiconductor, Inc., QCi accelerated its technology roadmap while expanding technical depth, manufacturing capabilities, and its product portfolio to photonics and optics components, subsystems, and systems. Company Contact:
Rosalyn Christian/John Nesbett
IMS Investor Relations
investors@quantumcomputinginc.comForward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our expectations of future results, operational expansion and business strategy are forward-looking statements. The words "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "strategy," "future," "could," "would," "project," "plan," "target," and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC's website at www.sec.gov and the Investor Relations section of our website at https://quantumcomputinginc.com/investor-relations, which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.QUANTUM COMPUTING INC.Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)(Unaudited, in thousands, except per share data)
Three Months Ended
Twelve Months Ended
December 31
December 31,
2025
2024
2025
2024
Total revenue
$198
$62
$682
$373
Cost of revenue
296
28
615
261
Gross profit
(98)
34
67
112
Operating expenses
Research and development
7,004
4,758
20,473
11,318
Sales and marketing
1,292
575
3,431
1,818
General and administrative
13,822
3,615
27,240
12,913
Total operating expenses
22,118
8,948
51,144
26,049
Loss from operations
(22,216)
(8,914)
(51,077)
(25,937)
Non-operating income (expense)
Interest and other income
13,635
243
20,718
423
Interest expense
55
(2,034)
(65)
(2,496)
Change in fair value of derivative liability
6,970
(40,532)
11,750
(40,532
Income (loss) before income tax provision
(1,556)
(51,237)
(18,674)
(68,542)
Income tax provision
-
-
-
-
Net income (loss)
(1,556)
(51,237)
(18,674)
(68,542)
Other comprehensive loss
Unrealized losses on available-for-sale debt securities
931
-
905
-
Total comprehensive income (loss)
$(625)
$(51,237)
$(17,769)
$(68,542)
Income (Loss) per share:
Basic
$(0.01)
$(0.47)
$(0.11)
$(0.73)
Diluted
$(0.01)
$(0.47)
$(0.11)
$(0.73)
Weighted average shares used in computing net income
(loss) per common share:
Basic
216,060
108,530
164,492
93,881
Diluted
216,060
108,530
164,492
93,881
QUANTUM COMPUTING INC.Condensed Consolidated Balance Sheets(Unaudited, in thousands, except par value data)
December 31,
December 31,
2025
2024
Assets
Current assets:
Cash and cash equivalents
$737,880
$78,945
Accounts receivable, net
519
27
Inventory
352
18
Short-term investments
379,421
-
Accrued interest receiveable
3,634
-
Prepaid expenses and other current assets
11,914
161
Total current assets
1,133,720
79,151
Property and equipment, net
12,971
8,212
Operating lease right-of-use assets
2,353
1,522
Intangible assets, net
6,500
8,972
Goodwill
55,573
55,573
Long-term investments
403,121
-
Accrued interest receivable – long term
4,551
Other non-current assets
131
129
Total assets
$1,618,920
$153,559
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
$778
$1,372
Accrued expenses
9,135
2,134
Deferred revenue
395
79
Other current liabilities
766
974
Total current liabilities
11,074
4,559
Derivative liability
7,773
40,532
Operating lease liabilities
1,808
1,181
Total liabilities
20,655
46,272
Commitments and Contingencies (see Note 10)
Stockholders' equity:
Preferred stock
-
-
Common stock
22
13
Additional paid-in capital
1,816,494
307,756
Accumulated deficit
(219,156)
(200,482)
Accumulated other comprehensive loss
905
-
Total shareholders' equity
1,598,265
107,287
Total liabilities and shareholders' equity
$1,618,920
$153,559
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Original: Quantum Computing Inc. Reports Fourth Quarter and Year-End 2025 Financial Results
US Market News
5月前
Quantum Computing Inc. Completes Acquisition of Luminar Semiconductor, Inc.February 2, 2026 6:20 PM
PR Newswire (US)
Transaction strengthens QCi's technology roadmap and advances QCi toward becoming a vertically integrated, domestic provider of photonics and quantum platformsHOBOKEN, N.J., Feb. 2, 2026 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and integrated photonics technology company, today announced the completion of acquiring Luminar Semiconductor, Inc. ("LSI"), a wholly owned subsidiary of Luminar Technologies, Inc. ("Luminar") (Nasdaq: LAZR), in an all-cash transaction valued at $110 million (the "Transaction"). The acquisition represents a significant milestone in QCi's strategy to build a vertically integrated, product-driven photonics and quantum technology platform. The acquisition supports the Company's long-term strategic roadmap and is expected to add annual revenue to QCi's financial profile."This acquisition allows us to move forward with a combination that is highly strategic for QCi," said Yuping Huang, CEO and Chairman of the Board of QCi. "LSI is important to our technology roadmap, and the deep technical expertise of the LSI team will be key to our joint success. While much of the industry remains tethered to large-size, cryogenic systems, QCi now owns the architecture required to deliver chip-scale quantum hardware that operates at room temperature. By integrating our thin-film lithium niobate (TFLN) platform with LSI's lasers, detectors, packaging, and manufacturing capabilities, we gain ownership of the photonics signal chain from light generation through detection and processing, enabling us to shrink complex quantum systems into high-performance, compact products that are mass producible. This acquisition accelerates our transition from technology innovation to scalable manufacturing, reinforcing our mission to put quantum-enabled solutions into the hands of people."LSI brings established capabilities in lasers, detectors, advanced packaging, and manufacturing, complementing QCI's leadership in TFLN integrated photonics. Together, the combined platform enables end-to-end control of photonic system design and manufacturing, positioning QCi as a vertically integrated photonics leader.The transaction is expected to be supported by a fully domestic manufacturing platform, aligning with demand for U.S.-based technology solutions and reshoring initiatives. This positioning can enhance QCi's ability to serve government and defense-related customers, including aerospace and national security applications.LSI will operate as a wholly owned subsidiary of QCi, maintaining its long-standing commercial relationships in aerospace, defense and industrial markets. These programs provide near-term revenue visibility and a strategic foothold for QCi to expand its offerings into established markets over time. Leveraging LSI's experience developing and deploying mission-critical hardware, its veteran engineering team and extensive patent portfolio add the industrial depth needed to advance QCi's quantum innovations from technology to scalable manufacturing.On January 12, 2026, the Company announced that it had also submitted a stalking horse bid for certain of Luminar Technologies' LiDAR assets. The Company ultimately elected not to pursue the acquisition of these assets consistent with its disciplined approach to capital allocation and long-term value creation.Additional details regarding integration plans and future milestones will be shared in the coming months. About Quantum Computing Inc.Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, quantum optics and integrated photonics technology company that provides accessible and affordable quantum machines and foundry services for the production of photonic chips based on thin-film lithium niobate. 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.Company Contact:Rosalyn Christian/John Nesbett
IMS Investor Relations
qci@imsinvestorrelations.comForward-Looking StatementsThis 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 and forecasts, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "enhance," "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 statements regarding the intent, belief, or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the occurrence of any event, change or other circumstances under which the anticipated benefits of the Transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of LSI, diversion of management's attention from ongoing business operations and opportunities, operating costs and business disruption following the Transaction, exposure to potential litigation, the integration of Luminar Semiconductor's products and technologies with QCi, and the acceleration of QCi's development roadmap, 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/quantum-computing-inc-completes-acquisition-of-luminar-semiconductor-inc-302676884.htmlSOURCE Quantum Computing Inc.
Original: Quantum Computing Inc. Completes Acquisition of Luminar Semiconductor, Inc.
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