Dr. Yong Menh Sua, Chief Technology Officer at QCi proudly presented at the 3rd annual Optima Quantum Industry Summit. His presentation titled Putting Photons to Work captivated a global audience in the United Kingdom of almost 100 technology experts, highlighting the unique qualities of photons that enable quantum technologies without conducting heat, creating an opportunity for Thin Film Lithium Niobate (TFLN) to enable the next generation of advanced technologies.
Quantum Meet Up New York
Dr. Lac Nguyen, Quantum Tech Lead at QCi proudly presented at New York's monthly "Quantum Meet up" leading the conversation on QCis Photonic Entropy Processing Machine. For dozens of her peers, Lac explained the superior outcomes of QCis technologies, empowering superior data processing with SWAP-C characteristics.
Meeting with Indiana State Leadership
QCi leadership met with Indiana Speaker of the House, Todd Huston, Governor Eric Holcomb, and previous governors Vice President Mike Pence and Office and Management and Budget Director Mitch Daniels at a special event for building educational partnerships with technology companies in the state, creating new jobs and promoting workforce development.
Dr. Bill McGann, QCi's Chief Executive Officer was invited to speak at Los Alamos National Laboratory's esteemed annual "Quantum Frontiers" conference, articulating to dozens of educators, policy leaders, businesses, and scientists how the national labs and government funding can support innovation within the United States. Offering a global perspective, Dr. McGann illustrated the importance of supporting technology start-ups and their ability to compete and innovate. This invitation followed the extension of QCi's CRADA with the lab, empowering quantum entropy research using the Dirac-3 for another year. Quantum Computing, Inc. Extends Collaborative Agreement with Los Alamos National Laboratory - Quantum Computing Inc
QCi Latest News
November was a significant month for QCi, as we announced our first two orders for Thin Film Lithium (TFLN) Chips.
Third quarter 2024 revenues totaled approximately $101,000 (9% gross margin) compared to $50,000 (52% gross margin) generated in the third quarter 2023. The increase in revenues and decrease in gross margin was primarily the result of progress executing our contract with Johns Hopkins University to deliver a customized quantum LiDAR prototype.
The Company secured its first order for its thin film lithium niobate (TFLN) photonic chip foundry. The order, placed by a prominent research and technology institute based in Asia, underscored the growing global demand for QCi’s advanced fabrication technology of TFLN and its ability to produce high-performance photonic integrated circuits (PICs) and nanophotonic devices.
QCi announced that it has entered into a securities purchase agreement for the purchase and sale of 16,000,000 shares of common stock at a purchase price of $2.50 per share, priced at-the-market under Nasdaq rules, pursuant to a registered direct offering, resulting in gross proceeds of $40 million, before deducting placement agent commissions and other offering expenses. The Company intends to use the net proceeds from the offering for the repayment of debt, working capital, and general corporate purposes.
The Company received its second purchase order for its thin film lithium niobate (TFLN) photonic chip foundry. The order will support the research efforts of a U.S.-based university and is part of the QCi Foundry’s pilot launch program, with fulfillment expected in Q1 2025. The university will use the chips to advance chip-scale acoustic and cross-domain microsystems, utilizing the scalable industrial processes provided by the QCi Foundry. This collaboration lays the groundwork for further expanding the use of TFLN into applications that extend into micro electromechanical systems, further establishing TFLN’s potential as a versatile material system and a key enabler for the next-generation photonics market and beyond.
All QCi technologies are created with nanophotonics, enabling diverse but unified capabilities. Learn more about how these groundbreaking techniques will be changing the world of computing, communications, and more.
Visit QCi's Resource Libraryto explore tutorials and use cases, dive deeper into quantum concepts, read featured publications, and view our latest product starter kits.
Read QCi's latest lessons highlighted this month here.
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