Quantum Computing Inc. Announces Inclusion in Russell Microcap Index

Rhea-AI Summary

Quantum Computing Inc. (QUBT) has officially joined the Russell Microcap Index following the 2022 annual reconstitution, effective June 27. This inclusion grants QCI access to relevant growth and value style indexes, enhancing visibility within the investment community. CEO Robert Liscouski highlighted this milestone as a reflection of the company's transformation into a full-stack quantum computing entity post-acquisition of QPhoton. Russell indexes, utilized widely by institutional investors, benchmark approximately $12 trillion in assets, further supporting QCI’s growth strategy.

Positive

• Inclusion in the Russell Microcap Index enhances visibility and credibility among investors.
• Acquisition of QPhoton positions QCI as a full-stack quantum computing provider, potentially expanding market reach.

Negative

• None.

LEESBURG, Va., June 28, 2022 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (“QCI” or the “Company”) (NASDAQ: QUBT) a leader in accessible quantum computing, has joined the Russell Microcap® Index, following the conclusion of the 2022 Russell indexes annual reconstitution, effective June 27^th.

Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective market capitalization rankings and style attributes.

“Joining the Russell Microcap Index represents another important milestone for QCI, after our recent acquisition of QPhoton to transform QCI into a full-stack quantum computing company,” said Robert Liscouski, CEO of QCI. “We believe this listing reflects that we’ve arrived at an inflection point in terms of growth and development with the combination of our quantum software and hardware solutions. We welcome this greater visibility in the investment community as we continue to deliver value and results for non-quantum experts – truly democratizing quantum computing.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About FTSE Russell
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by the London Stock Exchange Group.

For more information, visit www.ftserussell.com.

About Quantum Computing Inc.
Quantum Computing Inc. (QCI) (NASDAQ: QUBT) is a full-spectrum quantum software and hardware company on a mission to accelerate the value of quantum computing for real-world business solutions. The company recently acquired QPhoton, a quantum photonics innovation company that has developed a series of quantum photonic systems (QPS). The combination of QCI’s flagship ready-to-run software product, Qatalyst™, with QPhoton’s QPS, sets QCI on a path to delivering a broadly accessible and affordable full-stack quantum solution that can be used by non-quantum experts, anywhere, for real-world industry applications. QCI’s expert team in finance, computing, security, mathematics and physics has over a century of experience with complex technologies; from leading edge supercomputing, to precision sensors and imaging technology, to the security that protects nations. For more information about QCI, visit www.quantumcomputinginc.com.

Important Cautions Regarding 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. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of Quantum Computing Inc. (the “Company”), and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

The Company undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Statements in this press release that are not descriptions of historical facts are forward-looking statements relating to future events, and as such all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this press release that are not statements of historical fact may be considered to be forward-looking statements. Words such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “intends,” “goal,” “objective,” “seek,” “attempt,” “aim to,” or variations of these or similar words, identify forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A in the Company’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in the Company’s filings with the SEC.

Qatalyst™ is the trademark of Quantum Computing Inc. All other trademarks are the property of their respective owners.

Company Contact:
Robert Liscouski, CEO
Quantum Computing, Inc.
+1 (703) 436-2161
Email Contact

Investor Relations Contact:
Ron Both or Grant Stude
CMA Investor Relations
+1 (949) 432-7566
Email Contact

Media Relations Contact:
Seth Menacker
Fusion Public Relations
+1 (201) 638-7561
qci@fusionpr.com

FAQ

What does Quantum Computing Inc.'s inclusion in the Russell Microcap Index mean for QUBT investors?

Inclusion means enhanced visibility and credibility in the investment community, which can lead to increased investor interest and potential stock performance.

When did Quantum Computing Inc. join the Russell Microcap Index?

Quantum Computing Inc. joined the Russell Microcap Index effective June 27, 2022.

How does the Russell Microcap Index impact Quantum Computing Inc.?

Being part of the Russell Microcap Index allows QCI to be included in growth and value style indexes, which are widely tracked by investment managers.

What recent acquisition has Quantum Computing Inc. made?

Quantum Computing Inc. acquired QPhoton, enhancing its capabilities in quantum computing.

What is the significance of the Russell indexes for companies like QCI?

Russell indexes are benchmarks for active investment strategies, providing companies like QCI with greater visibility and attracting institutional investment.