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 the company offers 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 approach to computing than existing quantum computing vendors and can solve business problems involving over 5,000 variables.
Customers now have web-based access to Dirac 1, the same EQC used by QCI during the public Quantum computing for automotive challenges Event hosted and organized by the BMW Group in July. In this challenge, the EQC solved a large optimization problem in six minutes and delivered a superior and workable solution. The company achieved this breakthrough result by applying this new quantum information processing technology to the BMW Vehicle Sensor Placement Challenge, a complex problem consisting of 3,854 qubits and over 500 constraints.
“QCI is excited to offer our customers access to a commercially available quantum system that can solve real-world problems and deliver business value today,” said Dave Morris, QCI’s Chief Revenue Officer. “Based on our interaction with the current fundamentals of the quantum market, we know there is a desire to unlock business value from quantum computing technology that has previously been unmet.”
QCI will offer subscriptions to the EQC at different levels; from several hours per month to a fully dedicated system, depending on customer needs. The pricing will be competitive with the subscription tiers offered by other subscription tiers on the market, but with significantly higher availability and computing power.
Dirac 1, which focuses on solving binary optimization problems, is only the first system that QCI will make commercially available. In Q4, the company plans to launch Dirac 2, which will enable customers to solve 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 business areas, including quantum sensing and cybersecurity. This is just the first commercial application we are bringing to market.”
For more information on the Dirac 1 EQC subscription service, visit 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 dedicated to increasing the value of quantum computing for real business solutions and delivering the future of quantum computing today. The company recently acquired QPhoton, a quantum photonics innovation company that has developed a range of quantum photonics systems (QPS). The combination of QCI’s flagship ready-to-run software product Qatalyst with QPhoton’s QPS puts QCI on track to deliver a universally accessible and affordable full-stack quantum solution that can be used by non-quantum experts anywhere and in real-world industrial applications. QCI’s team of experts in finance, computer science, security, mathematics and physics has more than a century of experience in complex technologies. from cutting-edge supercomputing to precision sensors and imaging technology to the security that protects nations. For more information on QCI, see www.quantumcomputinginc.com.
Important Cautionary Statements 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 about the intentions, beliefs or current expectations of Quantum Computing Inc. (the “Company”) and directors, and assumptions on which such statements are based. Prospective investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results could differ materially from those contemplated in such forward-looking statements.
The Company undertakes no obligation to update or revise any 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 include certain forward-looking statements regarding future anticipated or projected plans, performance and developments and other statements regarding future operations and results. All statements 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”, “aim”, “attempt”, “aim”. ‘ 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 of the Company’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors periodically 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
E-mail contact
Investor Relations contact:
Ron Both or Grant Stude
CMA Investor Relations
+1 (949) 432-7566
E-mail contact
Contact for media work:
Seth Menacker
Fusion Public Relations
+1 (201) 638-7561
[email protected]
