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Quantum Computing completes $5M acquisition of NuCrypt | ROI-NJ
- QCi completes the $5 million acquisition of NuCrypt to expand its quantum communications portfolio.
- NuCrypt will operate as a wholly owned subsidiary of QCi, joining QCi's photonics capabilities.
- The deal is valued at $5 million, with payment in cash and QCi common stock.
- NuCrypt’s quantum communications tech has been used by NASA and the U.S. Army Research Laboratory.
- QCi aims to reduce device footprint and improve robustness through the combined portfolio.
- QCi quotes its CEO on growth in quantum communications.
- NuCrypt's team sees expansion opportunities after joining QCi.
- The combined platform aims to accelerate NuCrypt's roadmap and manufacturing readiness.
- NuCrypt’s broader market footprint includes international customers.
- The deal reportedly aligns with QCi's broader quantum technology strategy.
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