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Quantum Computing Inc. Reports Second Quarter 2026 Financial Results

Published

3 months ago

on

Q2 revenue increases to $5.6 million from $61 thousand in Q2 ’25Company completes strategic acquisition of NHanced Semiconductors, Inc., launching Fab 2 to advance key roadmap initiatives and expand U.S.-based manufacturing capabilitiesEnds quarter with $1.3 billion in cash, cash equivalents and investments

HOBOKEN, N.J., Aug. 10, 2026 /PRNewswire/ — Quantum Computing Inc. (“QCi” or the “Company”) (Nasdaq: QUBT), a vertically integrated quantum company pioneering photonics and semiconductor manufacturing, today released financial results for the three months ended June 30, 2026.

Dr. Yuping Huang, Chief Executive Officer of QCi, commented, “During the second quarter, we continued to execute on our strategy of making our quantum products smaller, more practical and more accessible. Our room-temperature photonic architecture continues to differentiate QCi by providing a pathway to practical quantum systems with significantly lower complexity, cost and power requirements than competing approaches. At the same time, we are expanding the capabilities of fast prototyping and volume production that not only support our future quantum roadmap but also address growing commercial markets today.

“With the acquisition of NHanced Semiconductors, Inc. (“NHanced”) – our third acquisition this year – we launched Fab 2 ahead of schedule, significantly expanding our advanced packaging and semiconductor manufacturing capabilities and accelerating our transition toward scalable, cost-effective production of miniaturized nanophotonic quantum technologies. During the quarter, we also brought NeuraWave, our next-generation photonic reservoir computing platform, to commercial readiness, and subsequently entered into a framework agreement with Planck Dynamics. This agreement supports the deployment of our NeuraWave systems for next-generation AI applications, providing strong market validation of our photonic computing technology.

“In addition, we successfully delivered and installed our Dirac-3 quantum optimization machine at a leading global consulting firm for use with its enterprise customers on complex optimization applications, including portfolio optimization. This deployment represents another important commercial milestone for QCi and demonstrates growing market demand for practical quantum optimization solutions.

“We also received a purchase order from a world-leading university for our quantum secure communications system. This order represents continued commercial traction for our quantum communications portfolio and further recognition of our technology by a premier research institution.

“Supported by a strong balance sheet, we remain well positioned to continue integrating our recent acquisitions, expand our commercial and government customer base and invest in the technologies and manufacturing capabilities that support both our commercial businesses and our long-term quantum roadmap. As we look to the second half of 2026, we stay focused on executing our roadmap and delivering on our mission of putting quantum into the hands of everybody.”

Second Quarter 2026 Financial Highlights

Second quarter 2026 revenues totaled $5.6 million compared to $61 thousand in the second quarter of 2025, and $3.7 million in the first quarter of this year. Second quarter revenue was generated across QCi’s integrated portfolio of quantum and photonics technologies, products and services, serving a diverse range of government, educational, and commercial customers. Revenue was primarily driven by sales of photonics products that support QCi’s quantum technology roadmap while also addressing a broad range of existing aerospace, government and industrial applications.Operating expenses totaled $21.8 million compared to $10.2 million in the second quarter of 2025, up 114%. The year-over-year increase was largely due to higher headcount and related payroll costs for research and development efforts, sales and marketing, and acquisition-related transaction expenses of $7.3 million.Interest and other income totaled $13 million compared to $1.8 million in the second quarter of 2025. The increase was due to interest income generated from the Company’s larger cash and investment positions. The Company reported a net loss of $11.8 million, or a loss of $0.05 per basic share for the second quarter of 2026, compared to a net loss of $36.5 million or a loss of $0.26 per basic share, for the prior year period. The main reasons for the decrease in net loss were the change in fair value of a derivative liability, and higher revenue and interest income. In the second quarter of 2025 the Company realized a $28 million non-cash loss on the mark-to-market valuation of the Company’s warrant derivative liability, compared with a mark-to-market loss of only $1.7 million in the second quarter of 2026. As we have previously disclosed, the derivative liability is related to the merger with QPhoton in June 2022 and warrants issued with that transaction.Total assets as of June 30, 2026 were approximately $1.6 billion, relatively unchanged compared to December 31, 2025. Cash, cash equivalents and investments totaled approximately $1.3 billion as of June 30, 2026, compared to approximately $1.5 billion at year-end 2025. The cash balance reported at the end of the second quarter reflects our acquisitions of Luminar Semiconductor, Inc., NuCrypt, and NHanced Semiconductors, for which we used approximately $180 million in cash, including transaction expenses.Total liabilities as of June 30, 2026 were $47.2 million, an increase of $26.5 million compared to year-end 2025.As of June 30, 2026, the Company had stockholders’ equity totaling $1.6 billion.As of June 30, 2026, contract backlog was approximately $42.5 million.

Second Quarter 2026 Operational Highlights

Sold and Delivered Dirac-3 Quantum Optimization System: During June, QCi successfully sold, delivered and installed its Dirac-3 quantum optimization machine at a leading global consulting firm. The Dirac-3 system will support enterprise customers on complex optimization applications, including portfolio optimization. This represents an important commercial milestone for QCi’s quantum optimization business.Achieved Deployment-Ready NeuraWave: During the second quarter, QCi announced that NeuraWave, its next-generation photonic reservoir computing platform, reached deployment readiness. NeuraWave combines photonic and digital computing to deliver fast, energy-efficient AI inference and advanced signal processing for edge computing applications across defense, telecommunications, robotics, healthcare industrial monitoring and other markets. Executed Framework Agreement with Planck Dynamics for NeuraWave Deployment: During the second quarter, QCi entered into a framework agreement with Planck Dynamics supporting the deployment of up to multiple dozens of NeuraWave photonic reservoir computing systems as customer milestones are achieved. The agreement represents an important commercial validation of NeuraWave’s readiness to address emerging AI infrastructure requirements and establishes a commercial framework with a potential aggregate program value in excess of $10 million, subject to the achievement of specified customer milestones and other conditions.Acquisition of NHanced Semiconductors, Inc.: During the second quarter, QCi completed the acquisition of NHanced Semiconductors, Inc., a U.S.-based advanced packaging foundry, for a combination of cash and QCi stock valued at $73.1 million, and up to an additional $72.0 million if certain performance targets are achieved. The NHanced acquisition launches Fab 2 ahead of schedule, significantly expanding QCi’s advanced packaging, semiconductor manufacturing and photonic integration capabilities while broadening the customer base served by these capabilities.Received Purchase Order from A World-Leading University For Quantum Secure Communications System: During the second quarter, QCi received an order from a leading university for its quantum secure communications system. The order reflects continued commercial traction and growing recognition of QCi’s quantum communications technology and will support the university’s research and development efforts to evaluate quantum-secure communications solutions as part of its work to advance secure networks of the future.Expanded Industry Engagement: During the second quarter, QCi participated in eight industry conferences and events, including The Economist Commercialising Quantum Global 2026 conference, Quantum Tech World conference and the Optica Quantum Industry Summit, strengthening customer relationships, strategic partnerships and QCi’s visibility across the photonics and quantum technology ecosystem.

Earnings Conference Call

The Company will host its second quarter 2026 call today, Monday, August 10, 2026, at 4:30 p.m. ET. To access the live webcast of the conference call, visit the QCi Investor Relations page at https://quantumcomputinginc.com/investor-relations. Investors may also access the webcast via the following link: https://www.webcaster5.com/Webcast/Page/3051/54283.

To participate in the call by phone, dial (888) 506-0062 approximately five minutes prior to the scheduled start time. International callers please dial (973) 528-0011. Callers should use access code: 222858.

A replay of the teleconference will be available until August 24, 2026, and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 54283.

About Quantum Computing Inc.

Quantum Computing Inc. (Nasdaq: QUBT) is a vertically integrated quantum company pioneering photonics and semiconductor manufacturing, and delivering accessible, scalable, and cost-effective quantum machines, photonics products, and advanced packaging. The Company provides foundry services for photonic chips and semiconductor manufacturing and offers a vertically integrated portfolio spanning photonics and electronic components, subsystems, and full-stack systems.

Designed to operate at room-temperature with low-power requirements, QCi’s technologies enable practical deployment across high-growth markets, including high-performance computing, artificial intelligence, cybersecurity, aerospace and defense, and advanced sensing and imaging.

Headquartered in Hoboken, New Jersey, QCi also has operations in Arizona, California, Illinois, Indiana, Massachusetts, North Carolina and Virginia. By combining advanced materials, device engineering, and scalable manufacturing, QCi delivers integrated quantum, photonics, and semiconductor technologies, accelerating commercialization and real-world adoption.

Company Contact:
John Nesbett/Zach Nevas
IMS Investor Relations
investors@quantumcomputinginc.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our expectations of future results, operational expansion and business strategy are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to, future demand for quantum and photonic products, the Company’s ability to scale its technology and manufacturing capabilities, the Company’s ability to integrate and benefit from recent acquisitions, and the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at https://quantumcomputinginc.com/investor-relations, which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

QUANTUM COMPUTING INC.

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income

(Unaudited, in thousands, except per share data)

Three Months Ended
June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenue

$        5,551

$            61

$        9,242

$           100

Cost of revenue

6,717

35

11,129

61

Gross (loss) profit

(1,166)

26

(1,887)

39

Operating expenses

Research and development

8,428

5,975

15,397

8,960

Sales and marketing

1,932

680

3,529

1,352

General and administrative

11,487

3,542

22,750

8,184

Total operating expenses

21,847

10,197

41,676

18,496

Loss from operations

(23,013)

(10,171)

(43,563)

(18,457)

Non-operating income (expense)

Interest and other income

12,954

1,843

26,449

3,539

Interest expense

(12)

(58)

(183)

(116)

Change in fair value of derivative liability

(1,682)

(28,096)

1,494

(4,466)

Loss before income tax provision

(11,753)

(36,482)

(15,803)

(19,500)

Income tax provision

–

–

–

–

Net loss attributable to common stockholders

(11,753)

(36,482)

(15,803)

(19,500)

Other comprehensive loss:

(945)

–

(4,767)

–

Total comprehensive loss

$      (12,698)

$      (36,482)

$      (20,570)

$      (19,500)

Loss per share:

Basic

$         (0.05)

$         (0.26)

$         (0.07)

$         (0.14)

Diluted

$         (0.05)

$         (0.26)

$         (0.07)

$         (0.14)

Weighted average shares used in computing net     

loss per common share:

Basic

224,727

141,401

224,355

138,326

Diluted

224,727

141,401

224,355

138,326

 

QUANTUM COMPUTING INC.

Condensed Consolidated Balance Sheets

(Unaudited, in thousands, except par value data)

June 30, 2026

December 31,
2025

Assets

Current assets:

Cash and cash equivalents

$       189,150

$       737,880

Accounts receivable, net

6,856

519

Inventory

12,837

352

Short term investments

765,020

379,421

Accrued interest receivable

7,542

3,634

Prepaid expenses and other current assets

6,906

11,914

Total current assets

988,311

1,133,720

Property and equipment, net

42,898

12,971

Operating lease right-of-use assets

23,146

2,353

Intangible assets, net

29,107

6,500

Goodwill

181,455

55,573

Long-term investments

369,284

403,121

Accrued interest receivable – long term

3,920

4,551

Other non-current assets

1,082

131

Total assets

$    1,639,203

$    1,618,920

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable

$           4,078

$             778

Accrued expenses

6,951

9,135

Deferred revenue

3,774

395

Other current liabilities

3,797

766

Total current liabilities

18,600

11,074

Derivative liability

6,279

7,773

Operating lease liabilities

21,102

1,808

Other non-current liabilities

1,184

—

Total liabilities

47,165

20,655

Commitments and Contingencies (see Note 10)

Stockholders’ equity:

Preferred stock, $0.0001 par value, 1,550 shares Series A Preferred authorized; no shares issued and    

     outstanding as of June 30, 2026 and December 31, 2025, respectively; 3,080 shares of Series B Preferred 

     Stock authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025,

     respectively 

–

–

Common stock, $0.0001 par value, 450,000 shares authorized; 226,319 and 224,165 shares issued and

     outstanding as of June 30, 2026 and December 31, 2025, respectively

23

22

Additional paid-in capital

1,830,836

1,816,494

Accumulated deficit

(234,959)

(219,156)

Accumulated other comprehensive (loss) income

(3,862)

905

Total shareholders’ equity

1,592,038

1,598,265

Total liabilities and shareholders’ equity

$    1,639,203

$    1,618,920

 

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SOURCE Quantum Computing Inc.

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Solidion Technology (NASDAQ: STI) Reports Third Quarter Financial Results, Highlighting Strong Cash Balance, Reduction in Liabilities and Positive EPS

Published

37 minutes ago

on

November 9, 2026

By

Company Maintains Strong Cash Position of $26.2 Million, Reduces Total Liabilities by Approximately 40%, and Reports Positive Earnings per Share (EPS) of $0.02

DALLAS, Nov. 9, 2026 /PRNewswire/ — Solidion Technology, Inc. (NASDAQ: STI) (“Solidion Technology” or “the Company”), an advanced battery technology provider, today reported its Third Quarter 2026 Financial and Operating Results. The condensed consolidated financial statements of Solidion Technology and additional information can be found in Solidion Technology’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, filed with the Securities and Exchange Commission on November 9, 2026 (the “Form 10-Q”). This earnings release should be read together with the information contained in the Form 10-Q.

Solidion Technology maintained a healthy cash balance of approximately $26.2 million, reduced total liabilities by approximately 40% compared to year-end 2025, and reported positive net income for the quarter.

Third Quarter 2026 Financial and Corporate Highlights 

Strong Liquidity: Maintained cash and cash equivalents of $26.2 million as of September 30, 2026, compared to $27.7 million at June 30, 2026.Positive Working Capital: Working capital of $19.6 million as of September 30, 2026, compared to a deficit of $11.2 million at December 31, 2025.Reduced Liabilities: Total liabilities declined approximately 40% to $7.5 million, compared to $12.0 million at December 31, 2025.Positive Net Income: Reported quarterly net income of approximately $244,000, compared to a net loss of $4.1 million in the prior-year period.Strengthened Stockholders’ Equity: Stockholders’ equity reached $23.8 million, compared to a deficit of $7.2 million at year-end 2025.Financial Flexibility: The Company believes its capital position supports continued investment in its technology portfolio and evaluation of strategic acquisition opportunities.Board Governance: On August 31, 2026, the Company expanded its Board of Directors with the appointment of three independent directors, Mark Schwartz, Kimi L. Ellen and Dante W. Robinson.Share Repurchase Program: On September 13, 2026, the Board of Directors authorized the repurchase of up to $1.0 million of the Company’s common stock.

TABLE 1: QUARTERLY FINANCIAL PERFORMANCE

Metric

Q3 2026

Q3 2025

Revenue

$41,638

$9,350

Cost of revenue

$120,000

$4,321

Selling, general and administrative, Research and Development

$2,240,915

$1,747,929

Total other income (expense)

$2,563,700

$(2,349,245)

Basic earnings (loss) per share

$0.02

$(1.33)

“During the third quarter, we continued strengthening Solidion Technology’s financial foundation while positioning the Company for its next phase of growth,” said Jaymes Winters, Chief Executive Officer of Solidion Technology. “We remain disciplined and opportunistic in our approach to acquisitions. Our healthy cash position and improved balance sheet provide us with the flexibility to continue to pursue opportunities that complement our existing technology and manufacturing capabilities.”

“We believe our strategy positions Solidion Technology to capitalize on opportunities across the energy storage industry, while maintaining our commitment to long-term shareholder value.”

Business Highlights

Technology and Commercialization

PEAK Series UPS for AI Data Centers: Solidion has developed its PEAK Series uninterruptible power supply system using its 5500 silicon-carbon anode cell. Based on Company testing, the system is designed to reduce UPS footprint by up to 30%, while the cell is designed to last up to three times longer than conventional backup battery systems.High-Power Battery Cells: Solidion has developed its high-energy 5.5Ah 21700 cylindrical cell, with an energy density of 305 Wh/kg and continuous charge/discharge capability exceeding 2C.Government Research Programs: Solidion is conducting research under two U.S. Department of Energy grants, both conducted jointly with Oak Ridge National Laboratory, the Company’s partner on its 2025 R&D 100 Award. The Company is also performing research under a firm-fixed-price U.S. Army STTR contract to develop a flexible, fiber-based rechargeable battery system.

Strategic Priorities

For the remainder of 2026 and into 2027, Solidion Technology intends to remain an opportunistic and disciplined acquirer of revenue-generating assets and businesses in the battery storage sector that amplify its existing technology and IP portfolio while simultaneously advancing its commercialization initiatives and strengthening its manufacturing and commercial capabilities.

About Solidion Technology, Inc.

Solidion Technology, Inc. (NASDAQ: STI) is an advanced battery technology company headquartered in Dallas, Texas, with R&D and manufacturing operations in Dayton, Ohio. Solidion develops silicon-rich anodes, solid-state batteries, and fire-retardant electrolytes designed to deliver higher energy density, improved safety, and lower cost for the electric vehicle, energy storage, consumer electronics, aerospace and defense, and AI data center markets, including next-generation backup power for data center operators. The Company is backed by a global portfolio of over 385 patents covering innovations such as high-capacity, silane gas-free, and graphene-enabled silicon anodes, biomass-based graphite, and advanced lithium-sulfur and lithium-metal technologies. Solidion also pursues a disciplined acquisition strategy focused on opportunities that complement its platform and create long-term shareholder value.

For more information, please visit www.ir.solidiontech.com or contact Investor Relations.

Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Solidion Technology Inc., (NASDAQ: STI) (the “Company,” “Solidion,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The statements contained in this press release that are not purely historical are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “forecasts” “believe,” “may,” “will,” “would,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “position,” “is likely,” “expect” and similar expressions or the negative thereof, as they relate to us, are intended to identify forward-looking statements. Forward-looking statements in this press release may include, for example, statements about our financial and business performance and statements about our business, expansion plans and opportunities. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the inability of our batteries to perform as expected, including design or manufacturing defects; competition in the evolving battery cell market and the selection of other battery cell technologies by OEMs; the need for additional safety testing of our battery technology before it can be installed in electric vehicles; reliance on complex production equipment, and operational and cost uncertainty in production; the performance of licensed technologies that have not been commercialized, or have only been commercialized to a limited extent; raw material and component price increases, supply constraints, and our ability to control costs and achieve cost advantages at scale; the pace of consumer adoption of electric vehicles; the unavailability of government incentives and subsidies; our ability to attract customers and to accurately forecast supply, demand and manufacturing requirements; our ability to attract and retain key employees and qualified personnel; our limited operating history and untested business model; our history of losses; our ability to obtain additional capital on commercially reasonable terms, or at all; our ability to manage growth and build our brand; the accuracy of assumptions and estimates behind our technical and production timelines and our financial statements; material weaknesses in our internal control over financial reporting; product liability claims, litigation, regulatory actions and government investigations; substantial and changing regulations; cybersecurity incidents, security breaches, and data privacy compliance; tariffs and trade tensions, including a potential global trade war; and other risks detailed in our other Securities and Exchange Commission filings, particularly in the section titled “Risk Factors” contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

Please follow us on:

LinkedIn: https://www.linkedin.com/company/solidion-tech

X: https://x.com/solidiontech

 

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SOURCE Solidion Technology, Inc.

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Solidion Technology (NASDAQ: STI) Reports Third Quarter Financial Results, Highlighting Strong Cash Balance, Reduction in Liabilities and Positive EPS

Published

37 minutes ago

on

November 9, 2026

By

Company Maintains Strong Cash Position of $26.2 Million, Reduces Total Liabilities by Approximately 40%, and Reports Positive Earnings per Share (EPS) of $0.02

DALLAS, Nov. 9, 2026 /PRNewswire/ — Solidion Technology, Inc. (NASDAQ: STI) (“Solidion Technology” or “the Company”), an advanced battery technology provider, today reported its Third Quarter 2026 Financial and Operating Results. The condensed consolidated financial statements of Solidion Technology and additional information can be found in Solidion Technology’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, filed with the Securities and Exchange Commission on November 9, 2026 (the “Form 10-Q”). This earnings release should be read together with the information contained in the Form 10-Q.

Solidion Technology maintained a healthy cash balance of approximately $26.2 million, reduced total liabilities by approximately 40% compared to year-end 2025, and reported positive net income for the quarter.

Third Quarter 2026 Financial and Corporate Highlights 

Strong Liquidity: Maintained cash and cash equivalents of $26.2 million as of September 30, 2026, compared to $27.7 million at June 30, 2026.Positive Working Capital: Working capital of $19.6 million as of September 30, 2026, compared to a deficit of $11.2 million at December 31, 2025.Reduced Liabilities: Total liabilities declined approximately 40% to $7.5 million, compared to $12.0 million at December 31, 2025.Positive Net Income: Reported quarterly net income of approximately $244,000, compared to a net loss of $4.1 million in the prior-year period.Strengthened Stockholders’ Equity: Stockholders’ equity reached $23.8 million, compared to a deficit of $7.2 million at year-end 2025.Financial Flexibility: The Company believes its capital position supports continued investment in its technology portfolio and evaluation of strategic acquisition opportunities.Board Governance: On August 31, 2026, the Company expanded its Board of Directors with the appointment of three independent directors, Mark Schwartz, Kimi L. Ellen and Dante W. Robinson.Share Repurchase Program: On September 13, 2026, the Board of Directors authorized the repurchase of up to $1.0 million of the Company’s common stock.

TABLE 1: QUARTERLY FINANCIAL PERFORMANCE

Metric

Q3 2026

Q3 2025

Revenue

$41,638

$9,350

Cost of revenue

$120,000

$4,321

Selling, general and administrative, Research and Development

$2,240,915

$1,747,929

Total other income (expense)

$2,563,700

$(2,349,245)

Basic earnings (loss) per share

$0.02

$(1.33)

“During the third quarter, we continued strengthening Solidion Technology’s financial foundation while positioning the Company for its next phase of growth,” said Jaymes Winters, Chief Executive Officer of Solidion Technology. “We remain disciplined and opportunistic in our approach to acquisitions. Our healthy cash position and improved balance sheet provide us with the flexibility to continue to pursue opportunities that complement our existing technology and manufacturing capabilities.”

“We believe our strategy positions Solidion Technology to capitalize on opportunities across the energy storage industry, while maintaining our commitment to long-term shareholder value.”

Business Highlights

Technology and Commercialization

PEAK Series UPS for AI Data Centers: Solidion has developed its PEAK Series uninterruptible power supply system using its 5500 silicon-carbon anode cell. Based on Company testing, the system is designed to reduce UPS footprint by up to 30%, while the cell is designed to last up to three times longer than conventional backup battery systems.High-Power Battery Cells: Solidion has developed its high-energy 5.5Ah 21700 cylindrical cell, with an energy density of 305 Wh/kg and continuous charge/discharge capability exceeding 2C.Government Research Programs: Solidion is conducting research under two U.S. Department of Energy grants, both conducted jointly with Oak Ridge National Laboratory, the Company’s partner on its 2025 R&D 100 Award. The Company is also performing research under a firm-fixed-price U.S. Army STTR contract to develop a flexible, fiber-based rechargeable battery system.

Strategic Priorities

For the remainder of 2026 and into 2027, Solidion Technology intends to remain an opportunistic and disciplined acquirer of revenue-generating assets and businesses in the battery storage sector that amplify its existing technology and IP portfolio while simultaneously advancing its commercialization initiatives and strengthening its manufacturing and commercial capabilities.

About Solidion Technology, Inc.

Solidion Technology, Inc. (NASDAQ: STI) is an advanced battery technology company headquartered in Dallas, Texas, with R&D and manufacturing operations in Dayton, Ohio. Solidion develops silicon-rich anodes, solid-state batteries, and fire-retardant electrolytes designed to deliver higher energy density, improved safety, and lower cost for the electric vehicle, energy storage, consumer electronics, aerospace and defense, and AI data center markets, including next-generation backup power for data center operators. The Company is backed by a global portfolio of over 385 patents covering innovations such as high-capacity, silane gas-free, and graphene-enabled silicon anodes, biomass-based graphite, and advanced lithium-sulfur and lithium-metal technologies. Solidion also pursues a disciplined acquisition strategy focused on opportunities that complement its platform and create long-term shareholder value.

For more information, please visit www.ir.solidiontech.com or contact Investor Relations.

Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Solidion Technology Inc., (NASDAQ: STI) (the “Company,” “Solidion,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The statements contained in this press release that are not purely historical are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “forecasts” “believe,” “may,” “will,” “would,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “position,” “is likely,” “expect” and similar expressions or the negative thereof, as they relate to us, are intended to identify forward-looking statements. Forward-looking statements in this press release may include, for example, statements about our financial and business performance and statements about our business, expansion plans and opportunities. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the inability of our batteries to perform as expected, including design or manufacturing defects; competition in the evolving battery cell market and the selection of other battery cell technologies by OEMs; the need for additional safety testing of our battery technology before it can be installed in electric vehicles; reliance on complex production equipment, and operational and cost uncertainty in production; the performance of licensed technologies that have not been commercialized, or have only been commercialized to a limited extent; raw material and component price increases, supply constraints, and our ability to control costs and achieve cost advantages at scale; the pace of consumer adoption of electric vehicles; the unavailability of government incentives and subsidies; our ability to attract customers and to accurately forecast supply, demand and manufacturing requirements; our ability to attract and retain key employees and qualified personnel; our limited operating history and untested business model; our history of losses; our ability to obtain additional capital on commercially reasonable terms, or at all; our ability to manage growth and build our brand; the accuracy of assumptions and estimates behind our technical and production timelines and our financial statements; material weaknesses in our internal control over financial reporting; product liability claims, litigation, regulatory actions and government investigations; substantial and changing regulations; cybersecurity incidents, security breaches, and data privacy compliance; tariffs and trade tensions, including a potential global trade war; and other risks detailed in our other Securities and Exchange Commission filings, particularly in the section titled “Risk Factors” contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

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SOURCE Solidion Technology, Inc.

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FXT Named Most Innovative Broker at the 2026 Finance Magnates Awards

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37 minutes ago

on

November 9, 2026

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Trader-first innovation recognised across FXT’s all-in-one trading ecosystem.

SYDNEY, Nov. 10, 2026 /PRNewswire/ — FXT has been named Most Innovative Broker 2026 in the global brokerage category at the Finance Magnates Awards, announced on 6 November in Limassol, Cyprus.

For FXT, the award marks more than technology. It celebrates a philosophy pursued since 2014: relentless innovation, Total Quality Management and the belief that every advancement should give traders more clarity, control and choice when markets move.

That philosophy shapes FXT’s all-in-one trading ecosystem, connecting multi-asset CFD trading, MetaTrader platforms, FXT WebTrader, the FXT App trading experience and account tools. Rather than forcing traders to piece together disconnected services, FXT is building around their decisions and workflows.

At the centre is FXT AI, an in-house, multi-agent trading co-pilot integrated into the FXT client environment, not a generic AI plug-in. Its Market Reader, Trade Mentor and Risk Monitor are designed to bring market context, trading behaviour and open-position exposure into clearer view. FXT AI supports decision-making; traders remain in control.

FXT Social Trading extends that approach, connecting Strategy Providers and Followers within a dedicated copy-trading ecosystem. Together, these capabilities reflect innovation shaped around real trading needs, not technology for technology’s sake.

“This is a proud moment for everyone at FXT. Our ambition has always been to put traders at the centre of the technology we build. Innovation and precision are not separate promises; they are the standards we work to every day,” said CEO Adam Phillips.

The award provides momentum to FXT’s brand belief: In Control. When It Gets Real. Because when markets become unpredictable, traders deserve tools built for the moments that matter.

About FXT
FXT is a global multi-asset forex and CFD broker built for traders who want greater clarity, control and choice when markets move. Since 2014, more than 100,000 traders worldwide have used FXT to access 200+ instruments across forex, indices, commodities and share CFDs. FXT supports trading through MT4, MT5, FXT WebTrader and the FXT Mobile App, with FXT AI built into the account experience.

FXT is a registered business name of Gleneagle Securities Pty Ltd, licensed by the Vanuatu Financial Services Commission under licence number 40256.

CFDs are leveraged products and carry a high risk of loss. Product availability, trading conditions and protections vary by jurisdiction and account type.

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