Luminar Announces Sale of Photonics Business to Quantum Computing Inc. for $110 Million

ORLANDO, Fla.--(BUSINESS WIRE)--Luminar Technologies, Inc. (NASDAQ: LAZR) (the "Company†or "Luminar†), a leading global technology company, today announced that it has entered into an agreement with Quantum Computing Inc. ("QCi†) pursuant to which QCi will acquire Luminar Semiconductor, Inc. ("LSI†), a wholly owned subsidiary of Luminar, in an all-cash transaction valued at $110 million. QCi is an integrated photonics and quantum optics technology company with a focus on photonics-driven techn. ...