QCI Launches Project to Build and Operate New Quantum

LEESBURG, Va., Oct. 14, 2022 (GLOBE NEWSWIRE) — Quantum Computing Inc. (QCI) (NASDAQ: QUBT), a pacesetter in accessible full stack quantum options, introduced plans to assemble and function a brand new state-of-the-art quantum nanophotonics expertise manufacturing and analysis heart to develop its present chip growth capabilities. The firm is negotiating a number of provides of federal, state and regional funding incentives to assist finance the undertaking and advance quantum innovation.

The initiative is predicted to profit from the just lately handed federal CHIPS and Science Act of 2022 which allocates $52 billion for the revitalization and onshoring of semiconductor manufacturing within the U.S. The funding consists of $39 billion in manufacturing incentives and $13 billion to assist new analysis and growth.

These federal funds are anticipated to be launched to state and native governments within the first quarter of 2023. QCI is working intently utilizing its current relationships with authorities officers, financial growth teams and business communities to marshal the required sources for the endeavor.

“The passage of the CHIPS Act is a historic opportunity to transform the U.S. semiconductor industry,” said QCI CEO Robert Liscouski. “We are positioned to play a significant role in this effort by applying our engineering expertise and quantum technology to develop the next generation of quantum computing technology, including nanophotonics chips. While there is no absolute certainty for success in getting funding, we are heavily engaged with a number of states that are seizing this initiative to establish leadership in the manufacturing of this critical technology. They recognize that our technology is vital to our technological base but also to the development of a well-educated and trained workforce that will enable the U.S. to remain a leader in technological innovation.”

Optical chips are anticipated to in the end present the best scalability and efficiency benefits for quantum data processing, networking, sensing and imaging.

For the deliberate facility, QCI expects to increase $30 million from CHIPS funding, in addition to by state and regional incentives. The new analysis heart would complement the analysis and growth actions already underway at QCI’s services in New Jersey, in addition to additional scale and broaden the scope of quantum analysis efforts.

“The next stage in the process is to carefully evaluate and select the best options for QCI,” famous Liscouski. “This includes a thorough review and analysis of the business climate, tax rates, economic growth potential, and workforce quality among the host of considerations.”

While business quantum computing remains to be comparatively nascent, QCI has emerged on the forefront of a technological revolution that makes use of its expertise to clear up complicated constraint optimization issues dealing with companies and governments at the moment.

QCI’s Entropy Quantum Computer (EQC), the Dirac 1, is fixing actual world business issues utilizing game-changing quantum computational functionality that surpasses something presently accessible available on the market. The system is offered by an on-line subscription service provided instantly by QCI.

This superior proprietary expertise helps full stack quantum options that permits clients to run complicated optimization issues on a secure, room temperature, desktop platform. As a part of QCI’s strategic imaginative and prescient and roadmap, the present system’s platform expertise will migrate from a discrete element structure to a extremely built-in system on a chip design that can additional prolong the core expertise in scalability, stability, efficiency and value. This method will prolong the core applied sciences capabilities in creating options for multi-body interplay optimization issues, photonic gate-model circuits, quantum cybersecurity and encryption strategies, and ultrasensitive sensing and imaging methods; all leveraging the ability of photonic quantum engineering.

“We believe the development of a commercially scalable quantum computing chip represents a massive opportunity, and one that QCI is ready to tackle,” added Liscouski. “The launch of this new manufacturing and research project presents a bold first step toward achieving our vision of a new quantum future.”

For extra details about QCI and their full stack quantum options, go to www.quantumcomputinginc.com.

About Quantum Computing Inc.
Quantum Computing Inc. (QCI) (NASDAQ: QUBT) is a full-stack quantum software program and {hardware} firm on a mission to speed up the worth of quantum computing for real-world {industry} functions, delivering the way forward for quantum computing, at the moment. The mixture of QCI’s flagship ready-to-run software program product, Qatalyst with its industry-leading Entropy Quantum Computing (EQC) system, Dirac 1, gives a broadly accessible and reasonably priced enterprise quantum answer able to fixing actual business issues now. QCI’s knowledgeable staff in finance, computing, safety, arithmetic and physics has over a century of mixed expertise with complicated applied sciences; from vanguard supercomputing, to precision sensors and imaging expertise, to the safety that protects nations. For extra details about QCI, go to www.quantumcomputinginc.com.

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This press launch incorporates forward-looking statements as outlined inside 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 contain dangers and uncertainties as a result of they relate to occasions and rely on circumstances that can happen within the close to future. Those statements embrace statements concerning the intent, perception or present expectations of Quantum Computing Inc. (the “Company”), and members of its administration in addition to the assumptions on which such statements are based mostly. Prospective traders are cautioned that any such forward-looking statements should not ensures of future efficiency and contain dangers and uncertainties, and that precise outcomes might differ materially from these contemplated by such forward-looking statements.

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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
[email protected]