The commercialization of quantum technology accelerates! Quantum Computing successfully delivers the first commercial entangled photon source device
Quantum Computing announced on Tuesday the successful delivery of its first commercial entangled photon source device, marking progress in the commercialization of its quantum technology. The device was procured by a South Korean research institution and is a core component of the quantum network security platform. Company executives stated that this delivery demonstrates its strategic execution capability in the diversified quantum market. Despite the growing market demand, the stock fell about 4% in early trading on the U.S. stock market
According to Zhitong Finance APP, American quantum computing company Quantum Computing (QUBT.US) announced on Tuesday that its first commercial entangled photon source device has been delivered, marking the company's push of this emerging technology into the global market.
It is reported that this order was purchased by a research institution in South Korea. Quantum Computing stated that this is an important milestone in driving quantum technology from the laboratory to the commercial market.
Dr. Yong Meng Sua, Chief Technology Officer, stated in a statement: "Our entangled photon source device is a core component of the quantum network security platform, which won the 2024 Edison Award for Invention. We are honored to deliver this technology to global users committed to shaping the future of quantum communication."
Dr. Pouya Dianat, Chief Revenue Officer, added: "This product is a foundational device in our quantum communication development roadmap. The successful delivery to South Korea strongly demonstrates our strategic execution and market penetration in serving a diversified quantum market. The growing market demand confirms the development potential of integrated quantum systems, and we are proud to offer this commercial high-performance entangled photon source device, which will be an important part of our differentiated innovative technology matrix."
As of the time of publication on Tuesday morning in the U.S. stock market, the stock was down about 4%
