Enables Enterprises to Solve Real World 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 that 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 different computational approach to existing quantum computing providers and can solve business problems with over 5,000 variables.
Customers now have web-based access to Dirac 1, the same EQC that QCI used during the public Quantum Computing for Automotive Challenges event hosted and organized by the BMW Group in July. In that challenge, the EQC solved a large-scale optimization problem in six minutes and delivered 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 over 500 constraints.
“QCI is excited to offer our clients access to a commercially available quantum system that can run real world problems and provide business value today,” stated Dave Morris, QCI’s Chief Revenue Officer. “Based on our interaction with the current quantum market base, we know there is a desire to get business value from quantum computing technology that has previously been unsatisfied.”
QCI will offer subscriptions to the EQC at various levels; from several hours per month to a fully dedicated system, depending upon customer requirements. Pricing will be competitive with subscription levels offered by others in the marketplace, but with significantly more availability and computational capability.
Dirac 1, which focuses on solving binary optimization problems, is only the first system that QCI will be making commercially available. In Q4, the Company plans to launch Dirac 2, which will enable customers to run much larger integer-number optimization problems.
“QCI is committed to bringing innovative quantum solutions to the world,” stated Robert Liscouski, QCI’s CEO. “We believe our core technology has immediate commercial applications across many business domains including quantum sensing and cyber security. This is just 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 software and hardware company on a mission to accelerate the value of quantum computing for real-world business solutions, delivering the future of 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 ready-to-run software product, Qatalyst, with QPhoton’s QPS, sets QCI on a path to delivering a broadly accessible and affordable full-stack quantum solution that can be used by non-quantum experts, anywhere, for real-world industry applications. QCI’s expert team in finance, computing, security, mathematics and physics has over a century of experience with complex technologies; from leading edge supercomputing, to precision sensors and imaging technology, to the security that protects nations. For more information about QCI, visit www.quantumcomputinginc.com.
Important Cautions Regarding Forward-Looking Statements
This press release contains forward-looking statements as defined within 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. Those statements include statements regarding the intent, belief or current expectations of Quantum Computing Inc. (the “Company”), and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such 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 such forward-looking statements.
The Company undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. 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. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this press release that are not statements of historical fact may be considered to be forward-looking statements. Words such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “intends,” “goal,” “objective,” “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 Item 1A in the Company’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in the Company’s filings with the SEC.
Qatalyst™ is the trademark of Quantum Computing Inc. All other trademarks are the property of their respective owners.
Company Contact:
Robert Liscouski, CEO
Quantum Computing, Inc.
+1 (703) 436-2161
Email Contact
Investor Relations Contact:
Ron Both or Grant Stude
CMA Investor Relations
+1 (949) 432-7566
Email Contact
Media Relations Contact:
Seth Menacker
Fusion Public Relations
+1 (201) 638-7561
[email protected]
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