• Quantum Computing (NASDAQ:QUBT) announced, on Wednesday, significant progress as it approaches the final commissioning of its quantum photonic chip foundry, set to open in Q1 2025.
• In September, QCi launched a pilot program aimed at securing sales orders from early adopters for its thin film lithium niobate foundry services and establishing an ecosystem for producing energy efficient photonic integrated circuits and nanophotonic devices.
• QCi has executed two memorandums of understanding (MOUs) with prominent partners. The first MOU has been established with Spark Photonics Design, and aims to enable the introduction of evaluation chip kits in 2025.
• Additionally, QCi has established a second MOU with Alcyon Photonics, a European-based photonics design company.
• Quantum Computing (QUBT) shares rose more than 3% in pre-market trading on Wednesday.

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