QCI Launches Dedicated Subscription Service for the Dirac-1 Entropy Quantum Computer

Rhea-AI Summary

Quantum Computing Inc. (QCI) (NASDAQ: QUBT) has launched the Dirac-1 Dedicated Subscription service, providing enterprises with exclusive access to its Dirac-1 Entropy Quantum Computing (EQC) system. This subscription model addresses common availability issues in quantum computing, enabling customers to use the system anytime. The Dirac-1 can handle up to 10,000 variables and is designed for solving critical business problems, with competitive pricing compared to other systems. QCI anticipates substantial sales growth for EQC subscriptions in 2023.

Positive

• Launch of the Dirac-1 Dedicated Subscription service enhances customer accessibility to quantum computing.
• Dirac-1 can solve problems with 10,000 variables, catering to diverse business needs.
• High interest from commercial and government sectors at Quantum World Congress indicates potential market demand.
• Expectations of significant sales growth for EQC subscriptions in 2023.

Negative

• None.

Provides Enterprises with Exclusive, Always Available Access to a Photonic EQC System for Solving Real-World Business Problems

LEESBURG, Va., Dec. 19, 2022 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (QCI) (NASDAQ: QUBT), a leader in accessible quantum computing, has launched the Dirac-1™ Dedicated Subscription service, which provides enterprises with limitless access to one of the company’s industry-leading Dirac-1 Entropy Quantum Computing (EQC) systems for their exclusive use.

"QCI recently unveiled the Dirac-1 at Quantum World Congress in Washington, D.C., where it was received with significant interest by both commercial and government attendees,” stated Robert Liscouski, CEO of QCI. “We had a number of conference attendees ask us when they could actually buy the EQC, which was extremely encouraging.”

Liscouski added: “The most common complaint among users about quantum computing is availability, as businesses must either reserve a specific time block at great expense or queue with others for limited time availability. Neither of these options allows an enterprise to solve problems at the speed of business. Our Dirac-1 Dedicated Subscription allows a customer to have exclusive access to their dedicated machine at any time.”

The Dirac-1 10K Qubit EQC binary system takes a different computational approach to existing quantum computing providers and can solve business problems with 10,000 variables. Subscribers are connected via the internet to a photonics-based, room temperature quantum computer in QCI’s quantum solutions center.

“QCI is currently working with customers who are solving time-sensitive problems ranging from drone flight path optimization to fraud detection in the banking sector,” stated Mike Keymer, QCI’s VP of Quantum Solutions. “We expect that subscription-based access to our Dirac-1 systems will grow substantially as end users increasingly look to solve critical business problems using quantum technologies. We are looking for a significant increase in sales of our EQC subscriptions in 2023.”

QCI’s Dirac-1 subscription pricing is competitive with levels offered by others in the marketplace, but with significantly more availability and computational capability. For more information on Dirac-1 subscription levels, 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 on a mission to accelerate the value of quantum computing for real-world business solutions, delivering the future of quantum computing, today. The Company recently acquired QPhoton, a quantum photonics innovation company that has developed a series of quantum photonic systems (QPS). The combination of QCI’s flagship ready-to-run software product, Qatalyst, with QPhoton’s QPS, sets QCI on a path to delivering a broadly accessible and affordable full-stack quantum solution that can be used by non-quantum experts, anywhere, for real-world industry applications. QCI’s expert team in finance, computing, security, mathematics and physics has over a century of experience with complex technologies; from leading edge supercomputing, to precision sensors and imaging technology, to the security that protects nations. For more information about QCI, visit www.quantumcomputinginc.com.

Important Cautions Regarding Forward-Looking Statements
This press release contains forward-looking statements as defined within 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. Those statements include statements regarding the intent, belief or current expectations of Quantum Computing Inc. (the “Company”), and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

The Company undertakes no obligation to update or revise 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 contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this press release that are not statements of historical fact may be considered to be forward-looking statements. Words such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “intends,” “goal,” “objective,” “seek,” “attempt,” “aim to,” 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 in the Company’s Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be 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
Email Contact

Investor Relations Contact:
Ron Both or Grant Stude
CMA Investor Relations
+1 (949) 432-7566
Email Contact

Media Relations Contact:
Seth Menacker
Fusion Public Relations
+1 (201) 638-7561
qci@fusionpr.com

FAQ

What is the Dirac-1 Dedicated Subscription service by QCI?

The Dirac-1 Dedicated Subscription service offers enterprises exclusive access to QCI's Dirac-1 Entropy Quantum Computing system, allowing unlimited use for solving complex business problems.

When was the Dirac-1 launched?

The Dirac-1 was unveiled at the Quantum World Congress on December 19, 2022.

What problems can the Dirac-1 EQC system solve?

The Dirac-1 EQC system can solve business problems involving up to 10,000 variables, including applications such as drone flight path optimization and fraud detection in banking.

What are QCI's expectations for 2023 regarding EQC subscriptions?

QCI expects a substantial increase in sales of its EQC subscriptions in 2023 based on growing customer demand.

How does QCI's subscription pricing compare to competitors?

QCI's Dirac-1 subscription pricing is competitive with other market offerings while providing significantly greater availability and computational capabilities.