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Quantum Computing Inc. (QCi), trading under the symbol QUBT, is an American company specializing in quantum computing and artificial intelligence software development. QCi focuses on creating heterogeneous software that can run on various quantum platforms. The company is headquartered in Leesburg, Virginia, and is known for its innovative approach to delivering quantum products for high-performance computing applications. QCi's products operate at room temperature, use low power, and are cost-effective. The company's portfolio includes a financial portfolio optimizer, which helps financial advisors and investment managers make optimal investment decisions, and cybersecurity applications.
Recently, QCi announced a successful partnership with NASA, where they have been awarded a project to denoise LiDAR spectral information using their proprietary Entropy Quantum Computing (EQC). This project aims to enhance NASA's capabilities to measure the physical properties of clouds and aerosols in lower earth orbit. QCi's Chief Executive Officer, Dr. William McGann, expressed excitement about the project and highlighted the potential of their upcoming launch of the Dirac-3, a high-dimensional Entropy Quantum Machine.
In addition to their work with NASA, QCi recently commercialized their quantum optimization platform, Dirac-3, designed to address complex problems with larger numbers of variables. The Dirac system is the first of its kind to natively solve integer problems using quantum digits (qdits), expanding the use of quantum technology in optimization solutions. This innovative product has garnered interest from various industries, including healthcare, financial services, supply chain, and autonomous vehicles.
LEESBURG, Va., Sept. 23, 2021 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (QCI) has appointed William J. McGann, Ph.D., to its board of directors. McGann brings over 30 years of experience in technology and business leadership, including his role as Chief Technology Officer at Leidos Corp. He has extensive expertise in commercializing innovative solutions, having authored over 70 research proposals and held 26 patents. CEO Robert Liscouski highlighted McGann's potential impact on QCI's mission to leverage quantum computing for solving complex problems.
Quantum Computing Inc. (Nasdaq: QUBT) has launched the QCI Partner Program, designed to enable partners to utilize quantum computing for solving critical optimization problems with minimal investment in quantum expertise. Through Qatalyst, partners can provide customers access to quantum solutions, enhancing decision-making and delivering accurate results. This initiative aims to drive innovation and financial growth for QCI and its partners, with immediate availability of Qatalyst-as-a-service in the cloud for seamless hybrid and quantum computing solutions.
Quantum Computing Inc. (QUBT) has joined the Center for Quantum Technologies, a National Science Foundation-backed initiative aimed at advancing quantum technology research and commercialization. The center includes partners like Purdue University and aims to address significant industry challenges through collaborative efforts. QCI's Qatalyst software simplifies quantum programming, allowing broader access to quantum computing. The collaboration is expected to enhance the development of a skilled quantum workforce and foster the adoption of commercial-ready quantum technologies.
Quantum Computing Inc. (Nasdaq: QUBT) launched the QUBT University program, aimed at providing students with hands-on experience in quantum computing. Through access to its flagship software Qatalyst, students can solve complex optimization problems much faster than traditional methods. Initially, participants from Notre Dame University will engage in solving three problems using various quantum computers via AWS Braket. This initiative emphasizes preparing students for future roles in quantum computing through practical experience and educational resources.
Quantum Computing Inc. (QCI) announced its shares will commence trading on the Nasdaq Capital Market under the symbol QUBT starting July 15, 2021. This listing marks QCI as one of the few pure-play quantum software companies on Nasdaq. QCI aims to democratize quantum computing for businesses through its flagship product, Qatalyst™, which simplifies the application of quantum methods without the need for extensive programming. The company's positioning aligns with growing investments in quantum technologies, potentially enhancing its visibility and liquidity in the market.
Quantum Computing Inc. (QCI) has partnered with IPQ Analytics to improve diagnostics and clinical trial outcomes through advanced analytics. This collaboration will leverage QCI’s quantum-powered community detection technology and IPQ’s real-world data analysis to generate next generation phenotypes (NGP) for better patient stratification in clinical trials. The partnership aims to address the prevalent issues of diagnostic errors, which lead to thousands of deaths annually, and enhance drug development and reimbursement policies, potentially transforming patient management and treatment outcomes.
Quantum Computing Inc. (QUBT) CEO Robert Liscouski discussed the company's role as a public pure-play in quantum software during an interview on the Scott Becker Private Equity Podcast. He highlighted QCI's innovative approach through its Qatalyst™ software, designed to simplify quantum computing for businesses, enabling applications in supply chain, logistics, and cybersecurity. The company is transitioning to early-stage commercialization with Qatalyst now available as a software-as-a-service on Amazon Web Services. This positions QCI favorably in the evolving quantum computing market.
Quantum Computing Inc. (QCI) (OTCQB: QUBT) released a forward-looking letter highlighting its expansion into commercial applications using its quantum-ready software, Qatalyst. The software optimizes high-value processes in sectors such as supply chain logistics and drug discovery, offering immediate value by combining classical and quantum computing techniques. QCI's partnerships with major organizations validate its market position and customer demand. CEO Robert Liscouski emphasizes the company's first-mover advantage and potential for revenue growth as they approach key industry challenges.
Quantum Computing Inc. (QUBT) announced a three-year cooperative research and development agreement with Los Alamos National Laboratory to tackle critical graph partitioning problems vital for national security. This partnership will utilize QCI's Qatalyst™ quantum software to enhance simulations, aiming for petascale and exascale capabilities. The collaboration combines hybrid classical and quantum algorithms, optimizing performance across millions of processors. QCI's technology seeks to improve computational grid efficiency, crucial for addressing complex national security challenges.
Quantum Computing Inc. (OTCQB: QUBT) announced advancements in its QikStart Program, which focuses on applying quantum computing to various industries, including fraud detection, logistics optimization, and drug discovery. Since its launch earlier this year, the program has attracted interest from major firms seeking quantum solutions for critical challenges. Participants benefit from access to the Qatalyst quantum application accelerator and expert resources. The initiative aims to define and deliver real-world solutions that enhance operational efficiencies and accuracy across sectors.
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