Quantum Computing Inc. of Virginia said Tuesday that it entered into a definitive agreement to acquire QPhoton, a Hoboken-based quantum photonics innovation company that was developed by Yuping Huang, a Gallagher Associate Professor of Physics at Stevens Institute of Technology and the founding director of the Center for Quantum Science and Engineering.
The acquisition of QPhoton extends Quantum Computing’s offerings to accelerate the accessibility of quantum computing, and other powerful technologies, into easily deployable solutions today, and advances QCI into a full-spectrum quantum software and hardware company.
Huang has developed a number of quantum techniques over the past few years based on over $18 million of investment from many U.S. government agencies, including the Department of Defense, the National Science Foundation and NASA. His research has led to the development of practical quantum and photonic technologies ranging from quantum networking, quantum biomedical imaging, quantum processing on a chip to quantum remote sensing.
“Stevens Institute of Technology is immensely proud that Professor Yuping Huang, QPhoton and QCI have reached this exciting point in their goal to make quantum capabilities broadly accessible to many industries,” Nariman Farvardin, president of Stevens, said. “Dr. Huang is a talented researcher and entrepreneur and a product of the fertile environment at Stevens that supports faculty in creating new technologies that have the potential to be major disruptors in industry and society.”
QPhoton’s QPS, including those for artificial intelligence and optimization, operate at room temperature and maintain computational stability in a variety of application environments. These unique approaches position QCI to deliver the first commercially available, ready-to-run full-stack quantum solution.
The announcement not only signals an exciting new direction for the joined companies, but has significant implications for the quantum industry regarding the development and commercial availability of full-stack quantum solutions.
QPhoton will be a wholly owned subsidiary of QCI, and Huang is expected to join QCI as a director and officer.