Message from Yuping Huang, Chairman of the Board and Interim CEO

Dear QCi Community,

Thank you for your continued support of Quantum Computing Inc. (QCi). I’m pleased to share a brief update on our progress and momentum from the first quarter of 2025.

This quarter marked a significant milestone with the completion of construction at our Quantum Photonic Chip Foundry in Tempe, Arizona. This facility positions us to meet growing global demand for thin-film lithium niobate (TFLN) photonic chips and plays a foundational role in our long-term commercial strategy. We recently celebrated this achievement with a ribbon-cutting event, joined by partners, supporters, and community leaders.

Beyond the foundry, we continued to expand adoption of our quantum technologies across both commercial and academic channels, forming new collaborations and announcing additional product orders. We also strengthened our leadership team with the promotions of Milan Begliarbekov to Chief Operating Officer and Pouya Dianat to Chief Revenue Officer—two key steps as we move further into commercialization and scaling.

We were also pleased to learn that QCi is set to be included in the Russell 3000® and Russell 2000® Indexes, effective June 30, 2025. This recognition increases our visibility among institutional investors and index funds, and reflects the continued growth of our market presence and shareholder base.

Looking ahead, we remain focused on advancing our mission to make quantum and photonic solutions practical, accessible, and impactful across industries.

Thank you for being part of our journey.

Sincerely,

Dr. Yuping Huang
Interim CEO & Chairman

The QCi team continued to drive progress in the first quarter, with announcements on the chip foundry and quantum machines. Listen to our latest shareholder update call available on our Investor Relations page below.

Recent Events

The QCi team has been busy attending industry events in 2025, including Photonics West '25 and Quantum Tech Qatar

QCi Latest News

Quantum Computing Inc. Hosts Ribbon-Cutting to Celebrate Grand Opening of Quantum Photonic Chip Foundry in Tempe, Arizona

QCi celebrated the grand opening of its quantum photonic chip foundry located in Tempe, Arizona at a ribbon cutting ceremony on May 12, 2025. The event was attended by Tempe Mayor Corey Woods, along with multiple government officials and industry leaders, who gathered to mark this milestone and highlight the community and industry benefits of the new state-of-the-art facility.

Quantum Computing Inc. Announces Key Leadership Promotions to Support Growth Strategy

In May, QCi announced the promotions of Milan Begliarbekov to Chief Operating Officer and Pouya Dianat to Chief Revenue Officer. These appointments support the Company’s next phase of strategic growth and follow recent milestones including the completion of the quantum photonic chip foundry and successful execution of the pilot chip sales initiative. The expanded leadership team reflects QCi’s focus on scaling operations and accelerating commercial momentum.

Quantum Computing, Inc. Awarded Contract to Support NASA's Space Based LIDAR Data Analysis

QCi was awarded a $406K subcontract through Analytical Mechanics Associates (AMA) to support NASA’s Langley Research Center. The project will leverage QCi’s Dirac-3 quantum computer to develop quantum-based techniques for removing sunlight noise from space-based LIDAR data. This work aims to enhance the accuracy of daytime Earth observation and reflects QCi’s growing role as a trusted technology partner to government research institutions.

Quantum Computing Inc. Secures Quantum Photonic Vibrometer Order with Delft University of Technology

QCi received a purchase order for its Quantum Photonic Vibrometer (QPV) from the Department of Aerospace Structures and Materials at Delft University of Technology in the Netherlands. The QPV will support advanced research in Non-Destructive Testing (NDT) and Structural Health Monitoring (SHM). This marks QCi’s second LiDAR-based R&D sale and highlights growing international demand for its quantum photonic sensing technologies.