Quantum Computing, Inc. Announces Concurrent Offerings of Common Stock for Aggregate Proceeds of $50 Million
Quantum Computing, Inc. Announces Concurrent Offerings of Common Stock for Aggregate Proceeds of $50 Million
Quantum Computing Inc. (“QCi” or the “Company”), an innovative, integrated photonics and quantum optics technology company, today announced that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 1,540,000 shares of common stock at a purchase price of $5.00 per share, pursuant to a registered direct offering. In a concurrent private placement, the Company entered into securities purchase agreements for the purchase and sale of an additional 8,460,000 shares of its common stock at the same price. The offerings are expected to result in aggregate gross proceeds of $50 million, before deducting offering expenses. The closing of the offerings is expected to occur on or about December 12, 2024, subject to the satisfaction of customary closing conditions.
Quobly Announces Key Milestone for Fault-Tolerant Quantum Computing
Quobly Announces Key Milestone for Fault-Tolerant Quantum Computing
Quobly, a leading French quantum computing startup, has reported that FD-SOI technology can serve as a scalable platform for commercial quantum computing, leveraging traditional semiconductor manufacturing fabs and CEA-Leti's R&D pilot line.
Connecting Qubit Islands With Quantum Bridges
Connecting Qubit Islands With Quantum Bridges
Researchers at QuTech have managed to, for the first time, perform coherent logic operations between spin qubits 250 micrometers apart on the same chip. Such ‘enormous’ distances create new opportunities for operations between qubits, as they normally only sustain over 100 nm. These results hold promise for scalable networks of spin qubit islands on a chip. The researchers published their results in Nature Physics.
New laser technique achieves atomic-scale precision on diamonds
New laser technique achieves atomic-scale precision on diamonds
Macquarie University research is paving the way for advanced diamond-based technologies in electronics and quantum computing. Imagine placing an object under a microscope and pressing a button to rearrange the surface atoms with atomic-scale precision. This once sci-fi scenario is now a reality thanks to pioneering research recently published in Applied Surface Science.
SDT and MIMOS Sign MOU to Propel Malaysia’s ‘Quantum Valley’ Vision
SDT and MIMOS Sign MOU to Propel Malaysia’s ‘Quantum Valley’ Vision
SDT announced the signing of a Memorandum of Understanding (MOU) with Malaysia’s national research institute, MIMOS, on November 26 to collaborate on quantum technology and develop an industrial ecosystem.
Mesa Quantum Is Awarded Colorado OEDIT Advanced Industries Grant
Mesa Quantum Is Awarded Colorado OEDIT Advanced Industries Grant
Mesa Quantum has been awarded a $500,000 Advanced Industries Early-Stage Capital and Retention Grant from the Colorado Office of Economic Development and International Trade (OEDIT). The company specializes in developing chip-scale quantum sensors for applications ranging from autonomous systems to resilient navigation alternatives to GPS.
Quantum-Inspired Design Boosts Efficiency of Heat-to-Electricity Conversion
Quantum-Inspired Design Boosts Efficiency of Heat-to-Electricity Conversion
Researchers at Rice University have found a new way to improve a key element of thermophotovoltaic (TPV) systems, which convert heat into electricity via light. Using an unconventional approach inspired by quantum physics, Rice engineer Gururaj Naik and his team designed a thermal emitter that can deliver high efficiencies within practical design parameters.
X-FAB and SMART Photonics Collaborate to Enable Multi-Terabit Transceivers With Silicon Photonics and InP Integration
X-FAB and SMART Photonics Collaborate to Enable Multi-Terabit Transceivers With Silicon Photonics and InP Integration
X-FAB Silicon Foundries SE, the leading analogue/mixed-signal and speciality foundry, and SMART Photonics, the leading Indium Phosphide (InP) integrated photonics foundry, have announced a strategic collaboration. This collaboration intends to integrate X-FAB’s silicon photonics platform with SMART Photonics’ InP chiplets using micro-transfer printing (MTP) for heterogeneous integration, enabling new capabilities for datacom and telecom applications.
Quantum Computing, Inc. Secures First Order for TFLN Photonic Chip Foundry
Quantum Computing, Inc. Secures First Order for TFLN Photonic Chip Foundry
Quantum Computing Inc. (“QCi” or the “Company”), an innovative, integrated photonics and quantum optics technology company, today announced that the Company has 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, underscores 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. This milestone highlights QCi’s commitment to accelerating the widespread adoption of TFLN and positioning it as a vital component of the future telecom, datacom, and quantum landscape.
Purdue Quantum Photonics Center Established With $13.9 Million DOE Funding
Purdue Quantum Photonics Center Established With $13.9 Million DOE Funding
Purdue University has been selected by the U.S. Department of Energy (DOE) to lead the Quantum Photonics Integrated Design Center (QuPIDC) Energy Frontier Research Center (EFRC).