2022-09-20 | NDAQ:QUBT | Press release
Enables businesses to solve real business problems with over 5,000 variables
LEESBURG, Va., Sept. 20, 2022 (GLOBE NEWSWIRE) — Quantum Computing Inc.. (QCI) (NASDAQ: QUBT), a leader in accessible quantum computing, today announced the launch of a subscription service which provides enterprises with access to its industry-leading Dirac 1 Entropy Quantum Computing (EQC) system. Dirac 1, QCI’s first commercially available photonic EQC system, takes a computationally different approach to existing quantum computing vendors and can solve business problems with over 5,000 variables.
Customers now have web access to Dirac 1, the same EQC QCI used during the public tour Quantum Computing for Automotive Challenges event hosted and organized by the BMW Group in July. In this challenge, EQC solved a large-scale optimization problem in six minutes and provided a superior and feasible solution. The company achieved this landmark result by applying this new quantum information processing technology to the BMW Vehicle Sensor Placement Challenge, a complex problem constructed with 3,854 qubits and more than 500 constraints.
“QCI is excited to offer customers access to a commercially available quantum system capable of solving real-world problems and delivering business value today, ” said Dave Morris, Chief Revenue Officer of QCI. “Based on our interaction with the current quantum market base, we know that there is a desire to obtain commercial value from quantum computing technology that has not previously been met.”
QCI will offer EQC subscriptions at different levels; from several hours per month to a fully dedicated system, depending on customer requirements. Pricing will be competitive with subscription tiers offered by others in the market, but with significantly higher availability and compute capacity.
Dirac 1, which focuses on solving binary optimization problems, is just the first system that QCI will release. In the fourth quarter, the company plans to release Dirac 2, which will allow customers to run much larger integer optimization problems.
“QCI is committed to bringing innovative quantum solutions to the world,” said Robert Liscouski, CEO of QCI. “We believe our core technology has immediate commercial applications in many commercial areas, including quantum sensing and cybersecurity. This is only the first commercial application we are launching.”
For more information on the Dirac 1 EQC subscription service, visit this page on our website.
About Quantum Computing Inc.
Quantum Computing Inc. (QCI) (NASDAQ: QUBT) is a full-stack quantum hardware and software company whose mission is to accelerate the value of quantum computing for real-world business solutions, delivering the future quantum computing today. The Company recently acquired QPhoton, a quantum photonics innovation company that has developed a series of quantum photonic systems (QPS). The combination of QCI’s flagship off-the-shelf software product, Qatalyst, with QPS from QPhoton, sets QCI on the path to providing a widely accessible and affordable complete quantum solution that can be used by non-quantum experts anywhere. , for real industrial applications. QCI’s team of experts in finance, IT, security, mathematics and physics has more than a century of experience with complex technologies; from cutting-edge supercomputing, to precision sensors and imaging technology, to the security that protects nations. For more information on QCI, visit www.quantumcomputinginc.com.
Important Cautions Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. These statements include statements regarding the intention, belief or current expectations of Quantum Computing Inc. (the “Company””) and members of its management, and the assumptions on which such statements are based. Potential investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by these forward-looking statements.
The Company undertakes no obligation to update or revise any forward-looking statements to reflect changed terms. Statements in this press release that are not descriptions of historical facts are forward-looking statements relating to future events and, as such, all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. may contain certain forward-looking statements. regarding anticipated or projected future plans, performance and developments, and other statements regarding future operations and results. All statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Words such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “intend,” “aim,” “aim,” “seek,” “attempt,” “aim to,” or variations of these or similar words, identify forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Section 1A of the Company’s Annual Report. Company on Form 10-K, which is expressly incorporated herein by reference, and other factors as may be described from time to time in the Company’s annual filings with the SEC.
Qatalyst™ is the trademark of Quantum Computing Inc. All other trademarks are the property of their respective owners.
Robert Liscouski, CEO
Quantum Computing, Inc.
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