QCI Launches Qatalyst™, the First Quantum Computing Application Accelerator

Rhea-AI Summary

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.

Positive

• Launch of Qatalyst enhances accessibility of quantum computing for businesses.
• No need for complex quantum programming lowers barriers for adoption.
• Qatalyst allows organizations to optimize critical business problems quickly.

Negative

• None.

Software Speeds Adoption of Quantum Computing By Providing Real Business Solutions Today

LEESBURG, Va., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (OTCQB: QUBT) (QCI), a leader in bridging the power of classical and quantum computing, today announced the commercial availability of Qatalyst™, a first-of-its-kind quantum application accelerator.

Qatalyst delivers the power of quantum techniques and classical computing into the hands of non-quantum experts for solving critical business problems today. Focusing on constrained optimization applications, the software is ideal for executing complex computations to optimize supply chain, logistics, community detection, drug discovery, cybersecurity, transportation, and many others.

Qatalyst eliminates the expensive, time-consuming and complex programming of new quantum workflows and coding to specific QPU hardware. Using one of six simple API calls, organizations can submit their computational problems using the same familiar constructs their subject-matter experts (SMEs), programmers, workflows, and applications use currently. QCI has made Qatalyst and both QPU and CPU resources available in the cloud and does not require any on-premise installs.

“Qatalyst is a breakthrough in the adoption of quantum computing,” stated QCI CEO, Robert Liscouski. “We’re giving businesses the immediate ability to outperform their current optimization on classical computers while introducing quantum techniques, with no need to invest in complex quantum programming.”

“We believe that this model will accelerate the benefits of quantum computing as an integral asset for current enterprise computational environments,” added Liscouski. “We’re making it possible for organizations of any size to solve problems, with quantum techniques playing a vital role in the speed and quality of their business decisions.”

Classical computers are being challenged by the explosion of data and dimensions needed to solve computationally advanced problems, such as constrained optimization. Quantum computing promises to solve these challenges, enabling organizations to gain increasingly deeper insights into the best opportunities for optimizing their critical business flows.

Qatalyst uses the power of quantum techniques to solve optimization problems. As a result, classical computers return higher performance solutions, including a diversity of high-quality results, and expanding the insights businesses use to make the best possible decisions. Current constrained optimization solvers only return one result, which may or may not be the most effective answer for the business.

“Qatalyst represents a major step forward in delivering superior performance from QPUs at the earliest possible moment,” said Steve Reinhardt, vice president of product development at QCI. “The performance of the Qatalyst Core with classical systems, that uses quantum-ready techniques, continues to be ahead of the pack.”

“Last September we released support for QPUs. Now we’re working on squeezing the maximum benefit from those QPUs and combining that with classical processors to create the best available hybrid performance, anticipating quantum advantage,” Reinhardt added. “We expect this work to stimulate the development of applications that use modern QPUs, both annealing- and gate-model-based.”

Qatalyst is now commercially available to support the QikStart™ Program, QCI’s recently announced initiative to accelerate the real-world use cases for quantum computing. The Qatalyst software was formerly known as Mukai™, the earlier version of the software that was used by initial adopters and quantum experts.

Today, Qatalyst offers seamless access to QPUs, with no low-level coding required. Users can seamlessly access and process the same problems across Rigetti, D-Wave and ION-Q QPUs today, with more processors planning to be added as they become available.

To learn more about how Qatalyst can deliver results for your business today, go to www.quantumcomputinginc.com.

About Quantum Computing Inc.
Quantum Computing Inc. (OTCQB: QUBT) (QCI) is focused on accelerating the value of quantum computing for real-world business solutions. The company has developed the first software to bridge the power of classical and quantum computing, hiding complexity and empowering SMEs to solve complex computational problems today. QCI’s expert team in finance, computing, security, mathematics and physics has over a century of experience with complex technologies; from leading edge supercomputing innovations, to massively parallel programming, 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 (“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™, Mukai™ and QikStart™ are trademarks 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
info@quantumcomputinginc.com

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 Qatalyst™ by Quantum Computing Inc. (QUBT)?

Qatalyst™ is a quantum application accelerator that simplifies the use of quantum computing for businesses, allowing them to solve complex optimization problems without extensive programming.

When was Qatalyst™ launched by Quantum Computing Inc.?

Qatalyst™ was launched on February 17, 2021.

How does Qatalyst™ benefit businesses using Quantum Computing Inc. (QUBT)?

Qatalyst™ enables businesses to solve constrained optimization issues across various sectors by utilizing quantum techniques, improving decision-making processes efficiently.

Is Qatalyst™ available on the cloud?

Yes, Qatalyst™ is available in the cloud, requiring no on-premise installations for businesses.

What industries can benefit from Qatalyst™ by QUBT?

Industries such as supply chain management, drug discovery, cybersecurity, and logistics can benefit from Qatalyst™ by optimizing their complex computations.