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Quantum Computing Stock (QUBT) Rises After QCI Applies Quantum Software Across Six Business Segments

Friday, May 14, 2021 02:09 PM | Michael Hayne

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Quantum Computing Stock (QUBT) Rises After QCI Applies Quantum Software Across Six Business Segments

What's Going On With Quantum Computing?

Quantum Computing Stock (QUBT) rose on Friday after the company announced significant advancements with major firms in building industry-specific quantum applications. Shares of the company advanced 2.31% to $3.98 a share Friday.

Ever since launching QikStart earlier this year, Quantum has attracted interest and participation from businesses looking to adopt quantum computing techniques for solving mission-critical problems.

"We are excited to showcase the potential of quantum computing,” said Robert Liscouski, CEO of QCI. Adding, “Since the inception of this program, we have seen exponential growth in participants looking to explore the solutions that quantum can provide various business sectors. QCI is focused on driving real-world value today as quantum computing expands to empower more and more production applications.”

What Does This Mean For Quantum Computing?

The Company's QikStart Program is designed to deliver real-world solutions to current problems using Qatalyst’s quantum software, which supports both classical and quantum processing. As more advanced quantum systems become available, these applications will seamlessly evolve with no additional programming or low-level coding needed.

QikStart is demonstrating the real-world value Qatalyst brings to businesses that are interested in taking advantage of quantum computing,” stated Dave Morris, QCI’s Chief Revenue Officer. Adding, “Every customer wants to see what new technology can do for them, and QikStart is giving us the demonstrable use cases to show where we deliver value today. This will go a long way in assisting our sales efforts.”

Quantum Computing, Inc. focuses on providing software tools and applications for quantum computers. The company offers Qatalyst, a quantum application accelerator that enables developers to create and execute quantum-ready applications on conventional computers, while being ready to run on quantum computers. It focuses on serving commercial and government entities.

Long-Term Technical Rank - 4

QUBT has a Long-Term Technical Rank of 4. Find out what this means to you and get the rest of the rankings on QUBT!

Quantum Computing Inc is focused on providing software tools and applications for quantum computers. Its products include the Qatalyst, Qatalyst Core, and Quantum Application Accelerator. Qatalyst enables developers to create and execute quantum-ready applications on conventional computers while being ready to run on quantum computers where those systems achieve performance advantage.

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