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Tuesday, May 30, 2023

Quantum Computing, Inc. (QUBT) Stock falls in aftermarket. What’s happening?

Quantum Computing, Inc. (QUBT) saw a decline of 6.96% in the aftermarket. However, the last trading session closed at $6.18 with a downfall of 0.72%.

New Appointment to Board of Directors

On 23rd September 2021, QUBT appointed William J. McGann to the company’s board of directors. McGann has more than 30 years of senior leadership, technology, and scientific expertise. Not only this, but he has a strong desire to transform new technologies into practical answers.

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He has been the Chief Technology Officer for Leidos Corp.’s Security, Detection, and Automation unit since 2019. Also, he is responsible for developing novel client solutions based on a diverse portfolio of software-based technologies in this capacity. He’s in charge of developing an externally focused business strategy with worldwide markets. Lastly, he is the leading innovation and technology development throughout the aviation and ports and borders industry areas.

Competitive Leadership in Quantum Computing

On 14th September 2021, QUBT launched the QCI Partner Program, which gives partners a head start. It allows them to use quantum computing to address important optimization issues for their clients with a low-risk, high-reward approach. Moreover, program partners provide a seamless bridge to unleash the potential of quantum technology for government and corporate sectors to push customer value while fueling their own financial outcomes with QCI and QatalystTM.

Due to the fact that no quantum knowledge is required, Qatalyst software allows consumers to explore and profit from quantum computing right now. It’s a great fit for clients that need complicated optimization to improve decision-making and get more accurate, diversified solutions while solving difficult business challenges.

QUBT Joins the Center for Quantum Technologies at Purdue University

On 17th August 2021, QUBT has joined the Center for Quantum Technologies (CQT). CQT is a planned NSF Industry/University Cooperative Research Center (IUCRC) that will include four Indiana academic partners, including principal school Purdue University, as revealed earlier this month. It looks to quantum computing groups like QCI to assist in the development of innovative and commercially viable quantum technologies that address major industrial issues.

The announcement is part of the latest QCI initiative to develop practical solutions. It will also make quantum access easier for individuals studying the area and doing groundbreaking research. Students have hands-on experience with QatalystTM quantum software that is ready to operate, as well as instructional courses and webinars.

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