Quantum Computing Inc. Sells Dirac-3, Eyes $10 Million NeuraWave Program
Updated
Updated · The Globe and Mail · Aug 18
Quantum Computing Inc. Sells Dirac-3, Eyes $10 Million NeuraWave Program
2 articles · Updated · The Globe and Mail · Aug 18
Summary
Quantum Computing Inc. sold, delivered and installed a Dirac-3 quantum optimization machine at a leading global consulting firm, where it will be used for enterprise optimization tasks including portfolio optimization.
NeuraWave, QCi’s next-generation photonic reservoir computing platform, also reached deployment readiness, positioning it for AI inference and signal-processing workloads in edge markets such as defense, telecoms, robotics and healthcare.
A framework agreement with Planck Dynamics could lead to multiple dozens of NeuraWave systems, with potential aggregate program value above $10 million if customer milestones and other conditions are met.
QCi also received a quantum-secure communications order from a leading university, adding to signs of customer traction even as its shares have fallen 43.1% over the past year and the stock trades at 41.05 times forward sales.