What's Going On With Quantum Computing Stock Today?

Quantum Computing Inc. QUBT shares were trading lower on Tuesday before seeing a slight uptick.

The company has secured its second purchase order for its LiDAR-based R&D offering from the Department of Aerospace Structures and Materials at Delft University of Technology in the Netherlands.

This purchase order is for a Quantum Photonic Vibrometer. The device is designed for sensing applications in challenging environments over various distances.

Delft University will use the QPV in Non-Destructive Testing and Structural Health Monitoring.

According to Assistant Professor Vahid Yaghoubi, the university was drawn to QPV’s advanced photon-counting capabilities, high sensitivity, and ability to perform contactless measurements.

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The QPV stands out due to its advantages over traditional laser Doppler vibrometers, particularly its single-photon sensitivity and noise suppression capabilities, making it ideal for precise measurements in real-world applications.

Delft University plans to benchmark the QPV against other vibrometers to validate its performance.

William McGann, CEO of Quantum Computing, says the order reflects growing market demand for quantum sensing technologies that offer superior accuracy and sensitivity compared to traditional solutions.

This latest partnership comes shortly after a similar deal with Johns Hopkins University for Quantum Computing’s Scanning LiDAR, underscoring the increasing recognition of Quantum Computing’s innovative quantum technologies.

According to Benzinga Pro, QUBT stock has gained over 666% in the past year. Investors can gain exposure to the stock via SPDR S&P Software & Services ETF XSW.

Price Action: Quantum Computing shares are trading higher by 0.5% to $8.04 at last check Tuesday.

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