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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.
Quantum Computing Inc. (QUBT) announced that its Qatalyst quantum software was selected as a finalist in the BMW Group and Amazon Web Services Quantum Computing Challenge. The competition focuses on optimizing vehicle sensor placements for improved obstacle detection, utilizing quantum computing techniques. This recognition highlights quantum computing's potential for real-world industrial applications. Bob Liscouski, CEO of QCI, expressed confidence in the growing relevance of quantum solutions for commercial challenges. The final presentation will occur in December, with winners announced at the Q2B Conference.
Quantum Computing, Inc. (Nasdaq: QUBT) will participate in the IQT Fall 2021 Panel on November 5, 2021, discussing Novel Capabilities for Quantum Computing. Rebel Brown, VP of Strategy & Marketing, will lead the session focusing on quantum software markets, including commercial opportunities and functionalities like optimization, simulation, and AI.
Key topics will cover diverse results from quantum computing, techniques for improving classical computations, and strategies to avoid vendor lock-in. The event will be held virtually and in-person, starting at 10:15 AM EDT.
Quantum Computing, Inc. (QUBT) will participate in the NextGen Supply Chain Conference on November 4, 2021, discussing how quantum computing can transform the supply chain and logistics sectors. Rebel Brown, QCI's VP of Strategy & Marketing, and other panelists from notable companies like Honeywell and Avetta will explore the impact of quantum technologies on supply chain optimization. This discussion is timely as industries adapt to changes precipitated by COVID-19, emphasizing the need for innovative solutions to enhance logistics.
On October 25, 2021, Steve Reinhardt, VP of product development at Quantum Computing, Inc. (Nasdaq: QUBT), will present at the INFORMS Annual Meeting's session on 'Quantum Computing in Industry'.
The presentation, titled 'Bridging Constrained-optimization Users To Higher Classical And Quantum Performance', will take place from 2:45 PM to 4:15 PM PDT in Virtual Room 42. Reinhardt will discuss recent advancements in quantum computing, focusing on its applications in logistics and cybersecurity, emphasizing the need for accessible quantum technologies for business users.
Quantum Computing, Inc. (QUBT) has announced participation in IEEE Quantum Week 2021, featuring CEO Robert Liscouski and VP Steve Reinhardt as panel speakers. Liscouski will discuss the multi-industry applications of quantum technology on October 19, while Reinhardt will address development challenges for early quantum computing applications on October 21. The event will provide insights into potential uses of quantum technologies in AI, cryptography, and defense sectors.
Quantum Computing Inc. (QUBT) announced groundbreaking research at the D-Wave Qubits Conference, showcasing the domain-wall encoding method in quantum computing.
This innovative approach enhances optimization problem-solving, surpassing traditional methods like binary encoding. Findings indicate a 30% increase in problem size solvable by quantum computers. The research, led by Dr. Nick Chancellor, emphasized the importance of understanding the physical interactions within quantum systems for improved computation efficiency.
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.
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