Quantum Computing, Inc. Extends Collaborative Agreement with Los Alamos National Laboratory

Rhea-AI Summary

Quantum Computing Inc. (QCi) (Nasdaq: QUBT) has extended its Cooperative Research and Development Agreement (CRADA) with Los Alamos National Laboratory (LANL). The collaboration focuses on QCi's new Dirac-3 entropy quantum optimization machine, designed to solve complex problems in quantum simulations, social networks, protein structure prediction, and telecommunications.

Dirac-3 is the first machine of its kind to address high-dimensional discrete variables with multi-body interactions using nonlinear quantum optics. QCi's CEO, Dr. William McGann, highlighted Dirac-3's capabilities in solving complex real-world problems in energy grid management, offshore wind optimization, and signal processing applications.

QCi is also working on projects for NASA and has CRADAs with the U.S. Department of Defense. The company aims to provide accessible and affordable quantum machines that operate at room temperature and low power.

Positive

• Extended collaboration with Los Alamos National Laboratory
• Dirac-3 quantum optimization machine capable of solving complex problems beyond QUBO
• Competing with powerful computers in real-world applications
• Ongoing projects with NASA and U.S. Department of Defense

Negative

• None.

HOBOKEN, N.J., Sept. 30, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, announced the extension of its Cooperative Research and Development Agreement (CRADA) with the Los Alamos National Laboratory (LANL).

This strategic collaborative agreement focuses on QCi's new entropy quantum optimization machine, Dirac-3, and its capabilities to quickly and efficiently solve highly complex problems associated with quantum simulations, social networks, protein structure prediction, and telecommunications. QCi's Dirac-3 quantum optimization machine is the first of its kind to solve beyond QUBO problems, addressing high-dimensional discrete variables with multi-body interactions, which sit in the upper tier of the world's most complex optimization problems, using nonlinear quantum optics.

Dr. William McGann, Chief Executive Officer (CEO) of QCi states, "We are pleased to extend this strategic collaboration with LANL. Dirac-3 is a cornerstone product in our high-performance computing portfolio of products and is quickly becoming recognized as a new and powerful quantum machine with leading edge capabilities in solution quality and power consumption. Our new machine is now competing with the world's most powerful computers in solving very complex, real-world problems in energy grid management, offshore wind optimization, and signal processing applications."

QCi is also currently completing multiple projects for the National Aeronautics and Space Administration (NASA) and is engaged in other CRADAs with the U.S. Department of Defense (DoD).

A complete description and overview of QCi's Dirac-3 can be found at www.quantumcomputinginc.com, where a comprehensive set of publications and blogs on QCi's technology and products are openly available.

About Quantum Computing Inc.

Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technology and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, cybersecurity, as well as remote sensing applications.

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SOURCE Quantum Computing Inc.

FAQ

What is the focus of QCi's extended agreement with Los Alamos National Laboratory?

The extended agreement focuses on QCi's new Dirac-3 entropy quantum optimization machine and its capabilities to solve complex problems in quantum simulations, social networks, protein structure prediction, and telecommunications.

What makes QCi's Dirac-3 quantum optimization machine unique?

Dirac-3 is the first of its kind to solve beyond QUBO problems, addressing high-dimensional discrete variables with multi-body interactions using nonlinear quantum optics.

What real-world applications is QCi's Dirac-3 being used for?

Dirac-3 is being used for solving complex problems in energy grid management, offshore wind optimization, and signal processing applications.

What other collaborations does Quantum Computing Inc. (QUBT) have?

QCi is completing multiple projects for NASA and is engaged in Cooperative Research and Development Agreements (CRADAs) with the U.S. Department of Defense.