Quantum Computing Inc. Wholly Owned Subsidiary QI Solutions Joins Arizona Defense and Industry Coalition

Rhea-AI Summary

Quantum Computing Inc (NASDAQ: QUBT) has announced that its subsidiary, QI Solutions, has joined the Arizona Defense and Industry Coalition (AZDIC). This coalition serves as a unifying voice for Arizona's defense community, which includes numerous defense contractors and military installations, contributing over $10 billion to the state's economy. QI Solutions aims to collaborate on quantum services, including computing and cybersecurity, to enhance defense capabilities. President Sean Gabeler highlighted the potential for quantum solutions within the defense sector, emphasizing their commitment to innovation.

Positive

• QI Solutions joined AZDIC, enhancing collaboration opportunities in the defense sector.
• The partnership could lead to new contracts and revenue streams from federal projects.

Negative

• None.

LEESBURG, Va., March 31, 2023 /PRNewswire/ -- Quantum Computing Inc. (NASDAQ: QUBT), ("QCI" or the "Company"), a first-to-market full-stack photonic-based quantum computing and solutions company, today announces that its wholly owned subsidiary, QI Solutions, which focuses on federal projects, joined the Arizona Defense and Industry Coalition (AZDIC) as a non-traditional defense company that offers a suite of quantum services, ranging from quantum computing to quantum sensing, imaging, and cybersecurity.

The Arizona Defense and Industry Coalition (AZDIC)'s mission is to act as a united voice for Arizona's defense and industrial communities. The organization unites Arizona's massive defense community and its stakeholders, which is home to six military installations, four national guard operations and 1,250 defense contractors, specializing in numerous fields including electronic systems, smart automation, precision machining and advanced materials. The Arizona defense industry produces 76,000+ direct and indirect jobs and generates $10B in economic impact.

"We are proud to join AZDIC to help collaborate with the defense community in Arizona and carry on the legacy of the late great Senator McCain," said QI Solutions President Sean Gabeler. "We see countless opportunities for quantum solutions in the defense community and honored to be part of this organization."

For additional information on the company's suite of solutions, please visit our website or contact our team directly.

About Quantum Computing Inc.

QCI 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 is on a path to delivering an accessible and affordable full-stack solution with real-world industrial applications, using quantum entropy, which can be used anywhere and with little to no training. QCI's experts in finance, computing, security, mathematics and physics have over a century of experience with complex technologies ranging 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.

About Quantum Innovative Solutions

QIS, a wholly owned subsidiary of Quantum Computing Inc., is a newly established supplier of quantum technology solutions and services to the government and defense industries. With a team of qualified and cleared staff, QIS delivers a range of solutions from entropy quantum computing to quantum communications and sensing, backed by expertise in logistics, manufacturing, R&D and training. The company is exclusively focused on delivering tailored solutions for partners in various government departments and agencies.

About Arizona Defense and Industry Coalition (AZDIC)

The Arizona Defense and Industry Coalition (AZDIC) is a coalition of regional organizations inspired by Senator McCain, comprising the defense and mining industries, military, veterans and more, to act as a united voice and advocate for regional and national security efforts. Founding members include West Valley Defense Alliance (WVDA), Mesa Industry & Defense Council (MIDC), Southern Arizona Defense Alliance (SADA), and Yuma 50 with industry partners Raytheon, Boeing, and LG Energy. Together, these groups work closely to foster innovation and advocate for those providing critical resources and services to the US national security efforts. AZDIC's mission is to unify the AZ defense industry and its stakeholders to help secure both AZ regional and national security through better communication and policy reform. For more information on AZDIC, email Lynndy Smith at LS@joinGDIC.org.

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.

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SOURCE Quantum Computing, Inc

FAQ

What is the recent announcement from Quantum Computing Inc (QUBT)?

Quantum Computing Inc announced that its subsidiary, QI Solutions, joined the Arizona Defense and Industry Coalition.

What does the Arizona Defense and Industry Coalition (AZDIC) focus on?

AZDIC focuses on uniting Arizona's defense community and advocating for national security.

How could joining AZDIC benefit QUBT's subsidiary QI Solutions?

Joining AZDIC may provide QI Solutions with opportunities to collaborate on federal projects and develop quantum solutions for defense.

What economic impact does Arizona's defense industry have?

Arizona's defense industry generates over $10 billion in economic impact and supports over 76,000 jobs.

When was the press release from Quantum Computing Inc. issued?

The press release was issued on March 31, 2023.