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-0.00164338537387014 0.000821692686935069 -0.00164338537387014 0.000821692686935069 0.0106820049301562 -0.0131470829909614 -0.0353327855382087 -0.0213640098603122
Stock impact report

Infleqtion Selected to Receive $3.9M in Federal Funding for Technology to Harness Quantum Computing for Next Generation Innovation in Chemistry and Materials Science

 (INFQ) 
Company Research Source: Business Wire
Funding Part of Advanced Research Projects Agency-Energy (ARPA-E) Program to Apply Quantum Computing to Solve High-Impact Energy Problems LOUISVILLE, Colo.--(BUSINESS WIRE)--Infleqtion (NYSE: INFQ), a global leader in quantum computing and quantum sensing powered by neutral-atom technology, announced it has been selected to receive $3.9M in funding from the U.S. Department of Energy’s ARPA-E. The funding is part of the Quantum Computing for Computational Chemistry (QC3) program, which seeks to develop and apply quantum algorithms to accelerate simulations of chemistry and materials science to advance commercial energy applications ranging from superconducting power lines, advanced batteries, engineered rare earth magnets, and breakthrough catalytic systems.Infleqtion’s QC3 project aims to discover new high-temperature superconductors and materials that conduct electricity with zero losses. Superconductors are already used in powerful electromagnets for MRI machines, but their use i Show less Read more
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