Exhibit 99.1 Quantum. Quantum Reports Fiscal First Quarter 2025 Financial Results SAN JOSE, Calif. — August 13, 2024 — Quantum Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, announced today financial results for its fiscal first quarter 2025 ended June 30, 2024. Fiscal First Quarter 2025 Financial Summary • Revenue was $71.3 million • GAAP gross profit was $26.1 million, or 36.6% of revenue • GAAP net loss was $20.8 million, or ($0.22) per share ...

Quantum computers are a big deal because they can process billions of simple logic operations per second, light-years ahead of classical machines and computers. Regular computers use binary switches (ones and zeros) for their calculations. By contrast, quantum computers use qubits, which allow them to handle much more complicated tasks. Thanks to that speed, physicists are banking on quantum technology to help solve a ton of problems or dramatically improve daily processes, such as logistics and supply, dis ...

ROME, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Sparkle, the first international service provider in Italy and among the top global operators, announces the successful completion of a Network-as-a-Service Proof of Concept (PoC) on a quantum-safe Internet use case. Realized in collaboration with leading companies Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW), Intel, Adtran, and also supported by Telsy, a TIM Group company specializing in cybersecurity, the trial was carried out on Sparkle's metropolitan fiber optic netwo ...

Imagine if years ago you got into quantum computing stocks and made loads of money from companies that are heavily invested in AI and quantum technology. You'd be sitting pretty! This doesn't mean you missed the boat, however. This rise of quantum technology has confirmed that the technology has real world utility and is being adopted worldwide. The National Quantum Initiative Act includes government spending to speed up the study and growth of quantum physics. The Department of Energy also set aside $24 mi ...

HOUSTON, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Quantum Capital Group and its affiliates ("Quantum") today announced that it has entered into an agreement to acquire Cogentrix Energy ("Cogentrix" or the "Company"), a premier U.S. independent power producer, from funds managed by Carlyle (NASDAQ: CG) for a total consideration of approximately $3 billion. The Cogentrix platform is comprised of 5.3 gigawatts of efficient and flexible natural gas-fired power plants, located throughout PJM, ERCOT, and ISO-NE, which s ...

Vancouver, British Columbia--(Newsfile Corp. - August 1, 2024) - Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVF) (FSE: 23B0) ("Quantum" or the "Company"), is excited to unveil its comprehensive and strategic 2024 exploration program for the Kahuna Property, a pivotal advancement in our ongoing efforts to enhance and expand our cobalt assets. This well-orchestrated exploration initiative underscores Quantum's commitment to responsible resource development and the growing demand for critical batter ...

In particular, physical matter has both particle and wave-like qualities. Quantum computing exploits this behavior using specialized hardware. Moreover, unlike in classical computing where there are two states of information — in the form zeroes and ones — but in quantum computing, there are qubits that can assume the states of zeroes and ones, as well as both states simultaneously through superposition. Quantum Computing (QUBT) Moreover, QCi's Dirac systems make up the company's host of affordable quantum ...

Look at the chemicals industry, for example. It may even help make artificial intelligence far more efficient, especially as data storage and cloud computing needs grow dramatically. IonQ (IONQ) "After slipping from about $22 to a recent low of about $7.30, IONQ caught strong support and is just starting to pivot from over-extensions on RSI, MACD and Williams' %R," I added. Also, according to Chief Executive Officer Peter Chapman, "One of the new things that we're doing this year is applying quantum to larg ...

Quantum computing is a burgeoning field in advanced computation technology that has the capabilities to outpace the computing prowess of generative artificial intelligence (AI). Generative AI came into the spotlight early last year with OpenAI's release of ChatGPT. Now swaths of companies are trying to leverage large language models (LLMs) to build their own generative AI tools or products. Though everyone now seems to be focused on artificial intelligence, quantum computing will likely bring about computat ...

● Quantum eMotion Selects Vantage Data Centers for Colocation Services Ahead of Commercialization July 22, 2024 9:00 AM EDT | Source: Quantum eMotion Corp. Montreal, Quebec--(Newsfile Corp. - July 22, 2024) - Quantum eMotion (TSXV: QNC) (OTCQB: QNCCF) (QeM) is pleased to announce the deployment of its Hardware Security Module (HSM) and related infrastructure to the Tier 4 Vantage Data Center in Montreal. This strategic move is in preparation for the company's upcoming commercial activities and to comply wit ...