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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 a partnership with QPhoton to integrate their technologies, targeting the market for quantum solutions by Q4 2022. This collaboration combines QCI’s Qatalyst software with QPhoton's photonic quantum technologies to enhance quantum computing applications. The partnership includes a $2.5 million funding agreement, with QCI having already invested $1.25 million to support QPhoton's innovations. Both companies aim to deliver effective solutions for various industries, leveraging advancements in quantum science.
Quantum Computing Inc. (QCI) (Nasdaq: QUBT) is set to participate in the Quantum Programming Workshop for Purdue Women Engineers & Scientists on February 25, 2022. Attendees will learn to solve quantum optimization problems without needing prior quantum expertise through the company's Qatalyst™ software. The initiative reflects QCI's commitment to democratizing technology and empowering future leaders in quantum computing.
Quantum Computing Inc. (QUBT) announced the launch of its consulting service, QCI Qonsulting, aimed at aiding organizations in adopting quantum computing.
Through its framework, Path2Quantum (P2Q), QCI aims to simplify the exploration of quantum technologies, enhancing strategic planning and minimizing risks. Its first client, Quad M Solutions, will benefit from QCI's quantum-ready solutions for health insurance underwriting.
Investment in quantum tech is expected to surge from $412 million in 2020 to $8.6 billion by 2027, highlighting the need for timely adoption.
Quantum Computing Inc. (QUBT) has announced its first customer for QCI Qonsulting, partnering with Quad M Solutions, Inc. (OTC: MMMM) to enhance underwriting services using quantum solutions. The collaboration aims to optimize health insurance underwriting applications for over 100,000 insured lives by the end of 2022, generating a monthly revenue stream for QCI. This partnership is expected to leverage QCI's Qatalyst™ software, which integrates classical and quantum computing to provide better insights for Quad M's staffing services.
Quantum Computing Inc. (QUBT) has appointed Michael C. Turmelle to its board of directors, enhancing its leadership with his extensive experience in finance and operations within technology companies. Turmelle aims to leverage his background to drive innovative solutions and support QCI's mission in delivering quantum computing advantages to business users. His track record includes significant revenue growth and operational efficiency at previous companies. Quantum Computing Inc. focuses on bridging classical and quantum computing for practical business applications.
Quantum Computing Inc. (QUBT) has appointed William J. McGann, Ph.D. as Chief Operating and Technology Officer. McGann, with over 30 years of experience, will lead QCI's quantum software initiatives and technological innovation. Previously, he served as Chief Technology Officer for Leidos Corp. and has a strong background in quantum technology and product commercialization. QCI aims to enhance its position in the quantum software market, leveraging McGann's expertise to advance its flagship product, Qatalyst, and meet market demands.
Quantum Computing Inc. (QCI) (Nasdaq: QUBT) will present at the Benchmark Discovery 1x1 Investor Conference on December 2, 2021. CEO Robert Liscouski and CFO Chris Roberts will engage in one-on-one meetings with institutional analysts and investors. They will showcase Qatalyst™, their recently recognized quantum software for vehicle sensor placement, selected in the final round of the BMW Group and Amazon Web Services Quantum Computing Challenge. QCI also collaborates with AWS and Los Alamos National Laboratory to tackle complex computational challenges.
Quantum Computing Inc. (QCI) (Nasdaq: QUBT) will present at the ROTH 10th Annual Technology Event on November 17-18, 2021. CEO Robert Liscouski and CFO Chris Roberts will showcase QCI's flagship Qatalyst™ software, which integrates classical and quantum computing to address complex business challenges in sectors like logistics, drug discovery, and cybersecurity. Qatalyst is delivered as SaaS on AWS, enhancing accessibility. Amazon recently announced the AWS Center for Quantum Computing, further solidifying QCI's position in the quantum market.
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.
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