Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Quantum Computing Inc (NASDAQ: QUBT), a quantum optics and nanophononics technology company, said on Tuesday that it had sold its quantum LiDAR prototype to Johns Hopkins University.

Valued at $200,000, the prototype will be used for testing and evaluation within Johns Hopkins’ esteemed research and development program.

The company’s quantum LiDAR system delivers exceptional precision, with a resolution of 3mm and the ability to operate at depths of up to 30 meters beneath the water’s surface.

“Our state-of-the-art underwater scanning LiDAR system is engineered with cutting-edge single-photon detection technology, coupled with a green laser at a wavelength of 532nm. The selection of green light is strategic for its superior ability to penetrate water, ensuring our system captures the most detailed and accurate underwater images possible. The integration of single-photon detection enhances sensitivity to an exceptional degree, enabling us to discern and measure faint signals bounced back by single photons,” Jeevanandha Ramanathan, Research Scientist and leader of Quantum Remote Sensing platform at Quantum Computing Inc, said in a press release.

Stock Performance

The shares of Quantum Computing Inc (QUBT) closed 7.79% ($0.0547) higher at $0.7570 on Nasdaq on Tuesday, as they snapped a three-day streak of losses.

It has been the stock’s largest single-session gain since March 20th.

The company’s total market cap now stands at $69.158 million.

The shares of Quantum Computing Inc (QUBT) went down 39.53% in 2023, compared with a 43.42% gain for the benchmark index, Nasdaq Composite (IXIC).

The company’s shares have retreated 17.09% so far this year.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Copper pares quarterly advance on U.S. budget impasse, China manufacturing dataCopper pares quarterly advance on U.S. budget impasse, China manufacturing data Copper fell on Monday amid concern that a possible partial government shutdown might impair the U.S. and global economys recovery pace. A smaller than expected expansion of Chinas manufacturing sector also pressured prices.On the Comex […]
  • EUR/USD Breaks Down: A Conviction Call for Further DeclinesEUR/USD Breaks Down: A Conviction Call for Further Declines The EUR/USD currency pair has broken down from its two-year trading range, driven by softer-than-expected eurozone PMI numbers. This move is expected to continue, with a lower EUR/USD remaining a conviction call. The European Central Bank […]
  • Dominion Energy announces $0.6675 quarterly dividendDominion Energy announces $0.6675 quarterly dividend Dominion Energy Inc (NYSE: D) said on Friday that its Board of Directors had authorized a quarterly cash dividend of $0.6675 per share of common stock.The dividend was kept unchanged from the previous quarterly dividend payment.The […]
  • South Korea’s CPI inflation lowest since JuneSouth Korea’s CPI inflation lowest since June Annual consumer price inflation in South Korea has decelerated to 3.2% in December from 3.3% in November, data by Statistics Korea showed.It has been the lowest CPI inflation reading since June, mostly due to a slowdown in the cost of […]
  • Lloyds Banking Group looking for softer treatment by regulator on ringfencingLloyds Banking Group looking for softer treatment by regulator on ringfencing Lloyds Banking Group Plc is seeking for gentler treatment from the regulator on new “ringfencing” rules due to the fear that otherwise it will be forced to shut down its activities in the field of investment banking.Lloyds Banking Group […]
  • EUR/USD trades steadily, close to eight-month highsEUR/USD trades steadily, close to eight-month highs The euro was trading steadily and in proximity to its highest point in eight months against the US dollar on Tuesday, as markets expected the September report on US non-farm payrolls, which has initially been scheduled for release on October […]