Quantum Computing Inc.

Ladies and gentlemen, greetings and welcome to the Quantum Computing Inc. Second Quarter 2025 Shareholder Update Call. At this time, all participants are in a listen-only mode. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this call is being recorded. Following management's remarks, the call line will be open for questions. It is now my pleasure to introduce your host Rosalind Christian with IMS Investor Relations.

Thank you, and I want to welcome everyone to the Quantum Computing Inc. Second Quarter 2025 Shareholder Update Call. Before we begin, I'd like to remind everyone that this conference call may contain forward-looking statements based on our current expectations and projections regarding future events, and a subject to change based on various important factors. In light of these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements, which speak only as of the date of this call. For more details and factors that could affect these expectations, please see our filings with the Securities and Exchange Commission. On the call today, we have Dr. Yiping Huang, Interim CEO and Chairman, and Chris Roberts, CFO. The team will provide an update on the business, followed by a question and answer session. With that, I would like to turn the call over to management. Please go ahead, Yiping.

Thank you, everyone, for joining us today to hear about QCESS progress in the second quarter of 2025. Having reached the halfway point of 2025, I wanted to take a moment to reflect on the progress we have made so far this year. I am very pleased with how the business is evolving, particularly on the commercial front. We are seeing growing validation of our technologies through customer orders across both our quantum systems and our photonic chip foundry. And we continue to deepen our engagement with government, academic, and industry partners around the world. These early wins reflect the real-world value of our technologies and the unique position QCI holds in the market. At our core, QCI is focused on solving hard problems with practical, high-performance quantum and photonic technologies. What sets us apart from others in the quantum computing space is that we are not chasing theoretical performance. Instead, we are delivering purpose-built machines and the components that customers are deploying today. Our growth strategy is centered on two complementary revenue streams. First, our quantum machines, which tackle complex optimization, machine learning, and sensing challenges across areas like biomedical research, transportation, and national security. And second, our same-fueled photonic chip foundry, which delivers essential components for next-generation communication, AI, and quantum applications. These two key areas uniquely position us to serve both the present and future needs of quantum economy supporting long-term growth. We are operating in a space that is entering a period of rapid acceleration. The world is increasingly aware of the critical role quantum technologies will play in enabling breakthroughs in areas like climate science, defense, drug discovery, and secure communications. In parallel, there is strong momentum around domestic semiconductor and photonic manufacturing, opening up new commercial opportunities for our foundry. This is a period time for the industry and QCI's business is scaling to meet the demand. Importantly, QCI stands apart with a quantum architecture that offers significant swap-see advantages, including the ability to operate at room temperature thanks to our integrated photonic platform. At a time when energy consumption has become a major constraint on the growth of AI and digital infrastructure, our room temperature energy efficient approach offers a timely and compelling solution to one of the most pressing challenges facing the tech industry today. Now I will walk through some of the key milestones we have achieved this quarter. First, we continue to see encouraging signs of commercial adoption across both our quantum and photonic production lines. During the quarter, we have secured an order for our quantum photonic vibrometer from the Department of Aerospace Structures and Materials at the University of Technology in the Netherlands, one of the world's top technical research institutes. This system will support their advanced work in non-destructive testing and structural health monitoring. We also shipped our first commercial entangled photon source to a leading research institution in South Korea. This system enables secure quantum communication experiments, our conventional fiber networks, and marks a meaningful step in bringing our lab-developed quantum networking technologies into commercial deployment. This quarter, we saw new traction in our quantum AI portfolio. During the quarter, a major global automotive manufacturer purchased one of our ImmuCore Reservoir Computing Systems, which will be used to explore edge-based machine learning applications such as time series prediction and image recognition. This is an important proof point for real-world use of our Reservoir Computing Platform. Subsequent to the quarter in July 2025, we announced a new commercial order from a top five U.S. bank, marking the first domestic commercial sale of our quantum cybersecurity solution, underscoring recent demand for quantum secure data protection. We also advanced our work with strategic government partners. During the quarter, we were awarded a subcontract valued at over $400,000 to support NASA's Langley Research Center. Under this contract, we are applying our Direct3 quantum optimization machine to develop a quantum-based technology for removing solar noise from space-based LiDAR data, an issue that has historically limited NASA's ability to collect reliable data atmosphere observations. This builds on our prior work with NASA and highlights the real-world value of our quantum systems for scientific applications. Continuing to be a significant partner to government institutions remains a key goal for us, and we continued to make progress subsequent to this quarter, announcing a TIFLAM chip contract from the U.S. Department of Commerce National Institute of Standards and Technology last week. Turning to our fund to develop those chips, we announced on our last call that construction of our -the-art quantum photonic chip facility in Tempe, Arizona was completed in March. In May, we celebrated the grand opening with a ribbon-cutting ceremony alongside Mayor Corey Woods and regional industry stakeholders. The facility is now fully operational, fulfilling customer preorders and a position to scale production of thin-film, lesser-liquid chips for use across telecom, advanced sensing, and quantum computing. As we scale the fund-raising, we expect revenue to slowly grow and are targeting a significant revenue contribution in the next 12 to 18 months as we wrap. We look forward to providing more updates on our fund-raising strategy later this year. We also made several key leadership appointments during this quarter to support our next phase of execution. I was honored to step into the role of interim CEO, and we welcomed Chris Roberts as our new chief financial officer. In addition, we promoted Mila Begley-Obekov to chief operating officer and Puya Dina to chief revenue officer. Each of these individuals bring deep expertise and an exceptional focus on leadership and they are already making meaningful contributions as we scale the business. Finally, we are proud to be added to the Russell 3000 and Russell 2000 indices at the conclusion of their annual reconstitution in June. This increases our visibility across institutional investors and reflects growing recognition of QSAT's progress and potential in developing commercially relevant quantum and photonic technologies. With that, I will turn the call over to our CFO, Chris Roberts, to walk through our financials.