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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) 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.
Quantum Computing Inc. (OTCQB: QUBT) will present at the Zooming with LD Micro virtual event on April 20, 2021. CEO Robert Liscouski will host one-on-one meetings with investors and present at 11:00 a.m. EDT. He will discuss the launch of Qatalyst, a quantum application accelerator as a software-as-a-service on Amazon Web Services. Qatalyst simplifies access to major quantum computers, allowing businesses to leverage quantum computing techniques easily. The event will be webcast live and available for replay on QCI’s website.
Quantum Computing Inc. (OTCQB: QUBT) has introduced its Qatalyst™ constrained optimization service as a Software as a Service (SaaS) on Amazon Web Services (AWS). This platform allows users to solve complex optimization problems without needing advanced quantum programming skills. Users can utilize quantum processing units (QPUs) via Amazon Braket for smaller problems and benefit from improved performance and accuracy. QCI emphasizes a user-friendly experience by leveraging AWS to facilitate access to quantum computing resources while targeting practical business applications.
Quantum Computing Inc. (QUBT) has appointed two experienced leaders to its executive team: Dave Morris as Chief Revenue Officer and Rebel Brown as VP of Marketing. These appointments aim to enhance QCI's sales and marketing strategies, driving immediate and long-term growth. Morris brings over 20 years of experience from major tech firms, while Brown has successfully led market strategies for advanced tech companies. The company plans to accelerate quantum computing integration into business solutions with its flagship software, Qatalyst™, now available through the QikStart™ Program.
Quantum Computing Inc. (OTCQB: QUBT) has unveiled QGraph, an innovative tool designed for analyzing complex graphs using Qatalyst quantum software. This launch allows users to solve computationally intense graph problems efficiently on classical and quantum computers. By transforming graphs into constrained optimization problems, QGraph offers businesses in sectors like ridesharing, healthcare, and retail a cost-effective solution for high-dimensional data analysis. The product leverages well-known graph functions, eliminating the need for new programming skills, making it accessible for subject matter experts.
Quantum Computing Inc. (OTCQB: QUBT) has appointed Robert B. Fagenson to its board of directors and as chair of the audit committee. This strategic addition enhances the board's strength and aids in meeting Nasdaq listing requirements. Fagenson brings over 50 years of experience in finance and capital markets, having held key positions at the NYSE and National Holdings Corporation. His expertise is expected to guide QCI's financial strategies and operational growth as it capitalizes on advancements in quantum computing technology.
Quantum Computing Inc. (OTCQB: QUBT) has launched Qatalyst™, a unique quantum application accelerator designed to enable businesses to leverage quantum computing without complex programming. This software streamlines constrained optimization tasks across various sectors, including supply chain and drug discovery, using simple API calls. Qatalyst is available via the cloud, facilitating immediate application by organizations of any size. CEO Robert Liscouski emphasized the platform's potential to enhance optimization processes, pushing quantum computing into real-world business scenarios.
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