Quantum Computing completes $5M acquisition of NuCrypt - ROI-NJ
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HomeTechQuantum Computing completes $5M acquisition of NuCrypt Tech Quantum Computing completes $5M acquisition of NuCrypt By ROI-NJ Staff(Hoboken) March 5, 2026 FacebookTwitterLinkedin QCi CEO Dr. Yuping Huang. - Quantum Computing Inc. (QCi) Hoboken-based Quantum Computing Inc. (QCi), an innovative, quantum optics and integrated photonics technology company, announced the completion of its acquisition of NuCrypt, LLC, a quantum communications technology company. The transaction is valued at $5 million, to be paid in a combination of cash and shares of QCi common stock. The acquisition helps establish quantum communications as an important commercialization vertical within QCi’s broader quantum technology strategy. By integrating NuCrypt’s suite of quantum communications systems and products, QCi expects to advance its technology roadmap while extending its portfolio of quantum communications and quantum photonics solutions. “Quantum communications is an important growth vertical for QCi, and NuCrypt increases our capabilities,” said Dr. Yuping Huang, chief executive officer of QCi. “Their platform and intellectual property portfolio, combined with our photonics and quantum technologies, position us to provide scalable, commercially viable quantum communications solutions.” Founded in 2003, NuCrypt was an early developer of commercial quantum communications technology. Its technologies have been used by organizations including NASA, the U.S.
Army Research Laboratory, major research universities and customers across Australia, Canada and Europe, demonstrating global demand for its quantum communications solutions. “After more than 20 years as a highly specialized, independent quantum communications company, growing commercial interest and opportunities in the field suggest that now is the time to expand our footprint,” said Gregory Kanter, managing partner of NuCrypt. “We are very excited to join forces with QCi, and we believe their quantum photonic technologies offer the promise to not only better serve our current customers but also to address exciting new market opportunities.” Through the integration of QCi’s thin-film lithium niobate technology, the combined company expects to further advance NuCrypt’s product portfolio by reducing device footprint, improving robustness, enhancing performance and improving the path toward scalable, high-volume manufacturing. Under the terms of the agreement, NuCrypt will initially operate as a wholly owned subsidiary of QCi. TagsArmyHobokenNASANuCryptQCiQuantumQuantum Computing FacebookTwitterLinkedin Previous articleGodau joins NAI James E. Hanson as vice presidentNext articleThomas Edison State University and NJDOE sign MOU to expand pathways for CTE studentsROI-NJ Staffeditorial@roi-nj.com@roinjnews Related Articles FCC adopts Verizon-backed order to ease procedure to decommission copper networks Tech ByROI-NJ Staff(Hoboken) - March 27, 2026 The Federal Communications Commission unanimously adopted an order aimed at easing the process of decommissioning copper networks, which was supported by New Jersey Utilities... Read more Synchronoss names Doran CEO following Lumine Group acquisition Tech ByROI-NJ Staff(Hoboken) - March 26, 2026 Bridgewater-based Synchronoss Technologies, Inc., a global leader of personal cloud platforms for telecom operators, announced the appointment of Pat Doran as chief executive officer. The... Read more ShopRite of Paramus opens Electrify America fast EV charging station Retail ByROI-NJ Staff(Hoboken) - March 25, 2026 ShopRite of Paramus hosted a ribbon-cutting ceremony on March 24 to celebrate the opening of a new Electrify America fast charging station in the... Read more Vonage and ServiceNow expand partnership with AI capabilities Tech ByROI-NJ Staff(Hoboken) - March 24, 2026 Holmdel-based Vonage, part of Ericsson, announced the launch of its native integration with ServiceNow Voice, built on the ServiceNow AI Platform. The integration embeds enterprise-grade... Read more 2 N.J. metro areas named best for people with AI-enhanced jobs Tech ByROI-NJ Staff(Hoboken) - March 24, 2026 Two New Jersey metro areas were picked for CoworkingCafe’s latest study, which ranks the best U.S. metros for People with AI-Enhanced Jobs.
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