Quantum Computing (QUBT) said Tuesday it received a $332,000 purchase order for its quantum communication system from a top 5 US bank.
The company said the system generates and transmits entangled photons using telecom-compatible, rack-mounted devices to integrate with existing fiber networks.
This technology offers high stability and modular scalability, enabling quantum encryption and the company's patented quantum authentication protocols for secure online communication, Quantum Computing added.
The company said the order also includes professional services and extended warranty coverage.
Shares of the company added 2% in recent premarket activity Tuesday.
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