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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Quantum Computing Inc.    QUBT

QUANTUM COMPUTING INC.

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Quantum Computing : Nokia Foundation award to Mikko Mottonen for quantum computing research

11/27/2020 | 09:03am EST

Nokia Foundation has granted its 2020 Recognition Award to Mikko Mottonen, D.Sc. (Tech), Professor of Quantum Technology at Aalto University and VTT Technical Research Centre of Finland, for his contributions to quantum computing research.

The Foundation recognizes groundbreaking and longstanding research in fundamental physics, as well as the talented people behind these achievements.

Recent innovations have paved the way towards the development of commercial applications of quantum computing, one of the most significant emerging research areas in ICT, expected to revolutionize traditional electric communications and computing.

Mottonen was honored at the annual Nokia Foundation award ceremony tonight. The event was hosted as a virtual event for the first time.

Mottonen is a Professor of Quantum Technology at Aalto University and VTT Technical Research Centre of Finland, the leader of the Quantum Computing and Devices group at Aalto University, and a co-founder of the quantum computer company IQM. Born in 1980, Mottonen completed his doctoral degree in 2005. He has since established himself as a leading researcher in quantum information. He has published more than 120 scientific articles, including four articles in prominent academic journals Nature and Science, and his research has been cited over 6,000 times. Mottonen has acted as a supervisor of 16 doctoral dissertations and 74 other academic theses. His research focuses on the use of superconducting electric circuits in quantum technology, especially in quantum computers.

Mottonen has also significantly influenced the education in this field. He is the Director of the Aalto Bachelor's Programme in Science and Technology and the Head of its Quantum Technology major. Mottonen has also promoted Finnish research and ICT in his positions of trust, for example as a member of the Scientific Advisory Board for Defence.

'It has been great to see how quantum mechanics, which was generally considered as strange and rare, has over the years become a common tool that is being harnessed for industrial use around the world. I can't wait to see what it turns out to be, especially in Finland, where, over the decades, we have been able to develop a unique ecosystem,' said Mikko Mottonen.

'Quantum computing is an emerging breakthrough technology that will impact the principles of information and communication technologies in the coming years. Significant work in quantum computing in Finland has required long-term research, for example, in low-temperature physics. With this award, we want to honor the importance of this long-standing work, including the recent achievements and extensive cooperation between academic research and broader society. Particularly noteworthy are the steps taken towards the commercialization of scientific results,' said Timo Ali-Vehmas, Chairman of the Board of Nokia Foundation.

Nokia Foundation has granted over 1,800 scholarships and other grants during its 25-year existence. In 2020, the Foundation will grant scholarships and awards totaling around 400,000 euros.

About the Nokia Foundation

Nokia Foundation's purpose is to support the scientific development of information and telecommunications technologies and to promote education in the sector in Finland. Nokia Foundation provides scholarships and awards for this mission. The Foundation was established on the initiative of Nokia Oyj in 1995; it is an independent, non-profit organization under Finnish foundation law. www.nokiafoundation.com

About Nokia

We create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks.

Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate.

Contact:

Tel: +358 (0) 10 448 4900

Email: press.services@nokia.com

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
NOKIA OYJ -1.02% 3.3905 Delayed Quote.7.60%
QUANTUM COMPUTING INC. -0.31% 9.67 Delayed Quote.-31.47%
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Financials (USD)
Sales 2019 - - -
Net income 2019 -8,38 M - -
Net Debt 2019 1,51 M - -
P/E ratio 2019 -2,64x
Yield 2019 -
Capitalization 239 M 239 M -
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees 7
Free-Float 75,9%
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Managers and Directors
NameTitle
Robert P. Liscouski Chairman, President & Chief Executive Officer
Christopher B. Roberts Chief Financial Officer & Director
Michael Booth Chief Technology Officer
Bertrand Velge Independent Director
Justin Schreiber Independent Director
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