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Quantum Computing Inc. Closes Acquisition Of Qphoton

PRIVATEJun 16, 2022

Acquiring Company

The Green Coffee Company

Acquired Company

QPhoton

MedellinFood and BeverageAgriculture and FarmingFood And BeverageFarmingInsuranceInformation TechnologyHardwareData And AnalyticsScience And EngineeringPrivacy And Security

Description

Quantum Computing Inc. (“QCI'' or the “Company”) (NASDAQ: QUBT) a leader in accessible quantum computing, today announced the successful completion of its previously announced merger agreement to acquire QPhoton, Inc., a quantum photonics innovation company that has developed a quantum photonic system (QPS). The closing of this transaction will enable QCI to deliver the first ready-to-run, broadly accessible and affordable full-stack QPS that can be used by non-quantum experts, anywhere, for real-world business applications. QCI expects to release initial quantum solutions leveraging QPhoton‘s QPS in Q4 2022.

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Company Information

Company

The Green Coffee Company

Location

Medellin, Antioquia, Colombia

About

The Green Coffee Company is a consolidated coffee farming operation headquartered in the U.S. with operations based in Colombia. GCC has complete control of the supply chain: from cultivation to processing to direct trade with end-clients. GCC's holistic approach to the coffee sector and commitment to best environmental practices not only establishes the long-term profitability and sustainability of the business, but also improves the quality of the coffee produced on the farms.

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Frequently asked

Who acquired QPhoton?

QPhoton was acquired by The Green Coffee Company, based in Medellin. The deal was reported on June 16, 2022. The Green Coffee Company is a consolidated coffee farming operation headquartered in the U.S. with operations based in Colombia. The Green Coffee Company is privately held and operates in Food and Beverage.

When did The Green Coffee Company acquire QPhoton?

The Green Coffee Company's acquisition of QPhoton was reported on June 16, 2022. Quantum Computing Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does QPhoton do?

QPhoton is a quantum photonics innovation company. It develops and commercializes powerful quantum nanophotonic technology and systems to transform critical areas of industry, including healthcare, cybersecurity, finance, environment, and computer vision. It is privately held, operating in Information Technology.

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