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Quantum Computing Inc. Releases Mid-Year Business Update

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Quantum Computing Inc. (QCi) (Nasdaq: QUBT) has released a mid-year business update highlighting its strategic progress. Key developments include:

1. Establishing the first U.S.-based Thin Film Lithium Niobate (TFLN) fabrication facility in Tempe, Arizona, scheduled for Q4 2024.

2. Finalizing two new high-performance computing platforms and a broad remote sensing platform for LiDAR applications.

3. Launching an 'Accessible and Affordable' marketing campaign for its Dirac-3 computer, emphasizing its competitive price, compact size, and low energy consumption.

4. Appointing Richard Nelson as SVP of Business Development and Pouya Dianet as Director of TFLN Optical Chip Sales.

5. Selecting BPM LLP as its new auditor and engaging IMS Investor Relations to enhance financial transparency and investor communications.

Quantum Computing Inc. (QCi) (Nasdaq: QUBT) ha pubblicato un aggiornamento aziendale a metà anno che evidenza i suoi progressi strategici. I principali sviluppi includono:

1. L'istituzione del primo stabilimento di fabbricazione di Litio Niobate a Film Sottile (TFLN) negli Stati Uniti a Tempe, Arizona, previsto per il quarto trimestre del 2024.

2. La finalizzazione di due nuove piattaforme di calcolo ad alte prestazioni e di una piattaforma di telerilevamento per applicazioni LiDAR.

3. Il lancio di una campagna di marketing 'Accessibile e Affordabile' per il suo computer Dirac-3, enfatizzando il suo prezzo competitivo, le dimensioni compatte e il basso consumo energetico.

4. La nomina di Richard Nelson come SVP dello Sviluppo Aziendale e di Pouya Dianet come Direttore delle Vendite di Chip Ottici TFLN.

5. La selezione di BPM LLP come nuovo revisore dei conti e l'ingaggio di IMS Investor Relations per migliorare la trasparenza finanziaria e le comunicazioni con gli investitori.

Quantum Computing Inc. (QCi) (Nasdaq: QUBT) ha lanzado una actualización empresarial a mitad de año que destaca su progreso estratégico. Los desarrollos clave incluyen:

1. El establecimiento de la primera instalación de fabricación de Litio Niobato de Película Delgada (TFLN) en Estados Unidos en Tempe, Arizona, programada para el cuarto trimestre de 2024.

2. La finalización de dos nuevas plataformas de computación de alto rendimiento y una amplia plataforma de detección remota para aplicaciones de LiDAR.

3. El lanzamiento de una campaña de marketing 'Accesible y Asequible' para su computadora Dirac-3, enfatizando su precio competitivo, tamaño compacto y bajo consumo de energía.

4. El nombramiento de Richard Nelson como SVP de Desarrollo Empresarial y de Pouya Dianet como Director de Ventas de Chips Ópticos TFLN.

5. La selección de BPM LLP como su nuevo auditor y la contratación de IMS Investor Relations para mejorar la transparencia financiera y la comunicación con los inversores.

Quantum Computing Inc. (QCi) (Nasdaq: QUBT)는 전략적 진행 상황을 강조하는 중간 연도 비즈니스 업데이트를 발표했습니다. 주요 발전 사항은 다음과 같습니다:

1. 애리조나주 템피에 미국 최초의 박막 리튬 나이오브산 (TFLN) 제조 시설을 설립하는 것으로, 2024년 4분기로 예정되어 있습니다.

2. 두 개의 신규 고성능 컴퓨팅 플랫폼과 LiDAR 애플리케이션을 위한 광범위한 원거리 탐지 플랫폼을 완료했습니다.

3. 경쟁력 있는 가격, 컴팩트한 크기 및 낮은 에너지 소비를 강조하는 '접근 가능하고 저렴한' 마케팅 캠페인을 Dirac-3 컴퓨터에 대해 시작했습니다.

4. Richard Nelson을 사업 개발의 SVP로, Pouya Dianet를 TFLN 광학 칩 판매의 이사로 임명했습니다.

5. BPM LLP를 새로운 감사인으로 선정하고 IMS Investor Relations를 참여시켜 재무 투명성과 투자자 커뮤니케이션을 강화했습니다.

Quantum Computing Inc. (QCi) (Nasdaq: QUBT) a publié une mise à jour de son activité à mi-année soulignant ses avancées stratégiques. Les principaux développements incluent :

1. L'établissement de la première installation de fabrication de lithium niobate à film mince (TFLN) aux États-Unis à Tempe, en Arizona, prévue pour le quatrième trimestre 2024.

2. La finalisation de deux nouvelles plateformes de calcul haute performance et d'une large plateforme de télédiagnostic pour des applications LiDAR.

3. Le lancement d'une campagne de marketing 'Accessible et Abordable' pour son ordinateur Dirac-3, mettant en avant son prix compétitif, sa taille compacte et sa faible consommation d'énergie.

4. La nomination de Richard Nelson en tant que SVP du développement des affaires et de Pouya Dianet en tant que directeur des ventes de puces optiques TFLN.

5. La sélection de BPM LLP comme nouvel auditeur et l'engagement d'IMS Investor Relations pour améliorer la transparence financière et les communications avec les investisseurs.

Quantum Computing Inc. (QCi) (Nasdaq: QUBT) hat ein Update zur Geschäftslage zur Mitte des Jahres veröffentlicht, das die strategischen Fortschritte hervorhebt. Zu den wichtigsten Entwicklungen gehören:

1. Die Gründung der ersten Fabrikationsstätte für Dünnfilm-Lithiumniobat (TFLN) in den USA in Tempe, Arizona, die für das vierte Quartal 2024 geplant ist.

2. Der Abschluss von zwei neuen Hochleistungs-Computing-Plattformen und einer umfassenden Plattform für Fernerkundungsanwendungen in LiDAR.

3. Der Start einer 'Zugänglichen und Erschwinglichen' Marketingkampagne für den Dirac-3-Computer, die seinen wettbewerbsfähigen Preis, die kompakte Größe und den niedrigen Energieverbrauch betont.

4. Die Ernennung von Richard Nelson zum SVP für Geschäftsentwicklung und von Pouya Dianet zum Direktor für den Verkauf von TFLN-Optikchips.

5. Die Auswahl von BPM LLP als neuen Prüfer und die Beauftragung von IMS Investor Relations zur Verbesserung der finanziellen Transparenz und der Kommunikation mit Investoren.

Positive
  • Establishment of the first U.S.-based TFLN fabrication facility in Q4 2024
  • Development of two new high-performance computing platforms and a LiDAR-based remote sensing platform
  • Launch of 'Accessible and Affordable' marketing campaign for the Dirac-3 computer
  • Appointment of two new leaders to strengthen sales and business development
  • Selection of new auditor and investor relations firm to improve financial reporting and transparency
Negative
  • None.

HOBOKEN, N.J., Aug. 1, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and nanophotonics technology company, today released its July company newsletter containing a mid-year business update from its Chief Executive Officer, Dr. William McGann.

This update provides an in-depth look at QCi's strategic progress and positive changes implemented over the past six months.

Mid-year company highlights:

  • Go-To Market Strategy: QCi is continuously evolving its business while maintaining a singular focus on photonics solutions for real-world applications.

  • Thin Film Lithium Niobate (TFLN) Foundry: QCi is on schedule to establish in 4Q24 the first U.S.-based fabrication facility devoted to TFLN processing in Tempe, Arizona.

  • Launch of New Products: QCi has finalized the development of two new platforms in high-performance computing and one broad remote sensing platform focusing on the use of LiDAR-based applications.

  • Accessible and Affordable Campaign: To introduce potential customers to our new products, QCi has launched a new marketing campaign focusing on the practical advantages of its optical technology. With its affordable price, small, stackable size, and low energy consumption, QCi believes that the Dirac-3 computer offers unsurpassed price and performance.
     
  • Two New Leaders Join QCi Team: To lead the company's new sales strategy, QCi has appointed Richard Nelson to serve as Senior Vice President of Business Development and Pouya Dianet to serve as Director for its TFLN Optical Chip Sales.

  • Selection of New Independent Auditor and Investor Relations Advisor: QCi is committed to maintaining transparency and ensuring the highest standards of financial reporting. Recently, the company announced a new auditor, BPM LLP as well as engaged IMS Investor Relations as its new investor relations firm.

Read the full letter on QCi's website here.

About Quantum Computing Inc.

Quantum Computing Inc. (QCi) (Nasdaq: QUBT) is an innovative, integrated photonics company that provides accessible and affordable quantum machines to the world today. QCi products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technology and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, cybersecurity, as well as remote sensing applications.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/quantum-computing-inc-releases-mid-year-business-update-302212198.html

SOURCE Quantum Computing Inc.

FAQ

What is Quantum Computing Inc.'s (QUBT) plan for TFLN fabrication in 2024?

Quantum Computing Inc. (QUBT) plans to establish the first U.S.-based Thin Film Lithium Niobate (TFLN) fabrication facility in Tempe, Arizona, scheduled for the fourth quarter of 2024.

What new products has Quantum Computing Inc. (QUBT) developed in 2024?

Quantum Computing Inc. (QUBT) has finalized the development of two new platforms in high-performance computing and one broad remote sensing platform focusing on LiDAR-based applications.

Who are the new leaders joining Quantum Computing Inc. (QUBT) in 2024?

Quantum Computing Inc. (QUBT) has appointed Richard Nelson as Senior Vice President of Business Development and Pouya Dianet as Director for TFLN Optical Chip Sales.

What is Quantum Computing Inc.'s (QUBT) new marketing campaign about?

Quantum Computing Inc. (QUBT) has launched an 'Accessible and Affordable' marketing campaign to introduce potential customers to its new products, focusing on the practical advantages of its optical technology, particularly the Dirac-3 computer.

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