Quantum Computing Inc. (NASDAQ:QUBT) revealed it has secured a purchase order worth approximately $332,000 from one of the top five banks in the United States, marking its first commercial sale of quantum cybersecurity technology domestically.
The quantum communication system will be integrated into the bank’s Cybersecurity Quantum Optics Lab as part of a testbed designed to investigate quantum security and communications, including key distribution, authentication, and random number generation.
QCi’s systems generate, distribute, and detect entangled photons at telecom wavelengths within rack-mounted devices. Utilizing time-frequency encoding and a modular setup, these systems can be deployed over existing fiber-optic infrastructure, enabling both quantum encryption and QCi’s proprietary authentication methods.
“This order represents a pivotal commercial validation of QCi’s quantum photonics and hardware capabilities,” said Dr. Yong Meng Sua, CTO at QCi. “As cyber threats grow, the urgency to harden communication systems using quantum principles is clear.”
Dr. Pouya Dianat, QCi’s Chief Revenue Officer, noted that the order “is an important step forward for the broader adoption of quantum technologies in enterprise environments.”
The contract encompasses hardware supply, professional services, and extended warranty coverage. QCi positions itself as a specialist in integrated photonics and quantum optics, offering quantum devices and photonic chip foundry services using thin-film lithium niobate technology.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.