RICHMOND, Va. and LEESBURG, Va., Oct. 05, 2022 (GLOBE NEWSWIRE) — The Virginia Innovation Partnership Corporation (VIPC) introduced at this time a partnership with Quantum Computing Inc. (QCI) (NASDAQ: QUBT), a Virginia-based rising chief in accessible quantum computing, to find out optimum flight trajectories for unmanned aerial automobiles leveraging QCI’s Path to Quantum consulting, Qatalyst™ software program, and Quantum Photonic Systems {hardware}.
QCI will apply its quantum photonic techniques to a vital risk-management use case involving the number of flight trajectories for unmanned aerial automobiles. Under this effort QCI will determine the optimum time, pace, and route for drone plane to traverse amongst locations, whereas satisfying airspace constraints and minimizing dangers associated to climate, obstacles, and different plane by way of using QCI’s Entropy Quantum Computing (EQC) techniques.
Risk-based determination making is a real-world downside recognized as a key strategic precedence by the Federal Aviation Administration. QCI’s Entropy Quantum Computing techniques are well-suited to fixing advanced optimization issues, and present the potential to rapidly determine optimized flight paths that decrease prices and in-flight dangers.
VIPC is the nonprofit commercialization and seed stage financial growth driver within the Commonwealth that leads funding, infrastructure, and coverage initiatives to assist Virginia’s innovators, entrepreneurs, startups, and market growth methods. VIPC collaborates with native, regional, state, and federal companions to assist the enlargement and diversification of Virginia’s economy and on the growth of rising applied sciences like quantum computing inside the Commonwealth of Virginia to enhance competitiveness and appeal to extra industrial alternatives to the state.
As a a part of this venture, QCI and VIPC plan to leverage sensor and micro-weather knowledge collected by the Virginia Flight Information Exchange (VA-FIX), an data hub targeted on offering authoritative state and native knowledge in assist of unmanned aerial techniques. VIPC sees these parts as key modern applied sciences for superior air mobility in Virginia.
“Our partnership with Virginia-based company QCI is designed to test and discover the impact of quantum computing solutions on complex problems,” mentioned David Ihrie, CTO and VP for Strategic Initiatives at VIPC. “Emerging technology will require faster, more efficient quantum computing solutions. We are working to ensure Virginia is prepared for safe and efficient technology integration.”
“VIPC and the Commonwealth of Virginia have demonstrated their technology leadership with this project, focusing on real world problems involving quantum computing. QCI is excited about the opportunity to partner with VIPC on this project,” acknowledged Robert Liscouski, CEO of QCI. “QCI is eager to demonstrate that quantum computing offers business solutions for today’s problems, not just in the sense of computing power, but in other applications including LiDAR and quantum networks.”
About Virginia Innovation Partnership Corporation (VIPC)
Connecting innovators with alternatives. The nonprofit operations arm of the Virginia Innovation Partnership Authority (VIPA), VIPC is the commercialization and seed stage financial growth driver within the Commonwealth that leads funding, infrastructure, and coverage initiatives to assist Virginia’s innovators, entrepreneurs, startups, and market growth methods. VIPC collaborates with native, regional, state, and federal companions to assist the enlargement and diversification of Virginia’s economy.
Programs embody: Virginia Venture Partners (VVP) | Virginia Founders Fund (VFF) |Commonwealth Commercialization Fund (CCF) | Smart Communities | Unmanned Systems | Entrepreneurial Ecosystems | Regional Innovation Fund (RIF) | Federal Funding Assistance Program (FFAP) for SBIR & STTR | University Partnerships | Startup Company Mentoring & Engagement. For extra data, please go to www.VirginiaIPC.org. Follow VIPC on Twitter, LinkedIn, and Facebook.
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 this time. The mixture of QCI’s flagship ready-to-run software program product, Qatalyst with its industry-leading Entropy Quantum Computing (EQC) system, Dirac 1, supplies a broadly accessible and inexpensive enterprise quantum resolution able to fixing actual business issues now. QCI’s professional staff in finance, computing, safety, arithmetic and physics has over a century of mixed expertise with advanced applied sciences; from forefront supercomputing, to precision sensors and imaging expertise, to the safety that protects nations. For extra details about QCI, go to www.quantumcomputinginc.com.
Important Cautions Regarding Forward-Looking Statements
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 may happen within the close to future. Those statements embody statements relating to the intent, perception or present expectations of Quantum Computing Inc. (the “Company”), and members of its administration as properly as the assumptions on which such statements are based mostly. Prospective buyers are cautioned that any such forward-looking statements should not ensures of future efficiency and contain dangers and uncertainties, and that precise outcomes could differ materially from these contemplated by such forward-looking statements.
The Company undertakes no obligation to replace or revise forward-looking statements to mirror modified situations. Statements on this press launch that aren’t descriptions of historic info are forward-looking statements referring to future occasions, and as such all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Statements could include sure forward-looking statements pertaining to future anticipated or projected plans, efficiency and developments, as properly as different statements referring to future operations and outcomes. Any statements on this press launch that aren’t statements of historic reality could also be thought-about to be forward-looking statements. Words such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “intends,” “goal,” “objective,” “seek,” “attempt,” “aim to,” or variations of those or related phrases, determine forward-looking statements. These dangers and uncertainties embody, however should not restricted to, these described in Item 1A within the Company’s Annual Report on Form 10-Okay, which is expressly integrated herein by reference, and different components as could periodically be described within the Company’s filings with the SEC.
Qatalyst™ is the trademark of Quantum Computing Inc. All different emblems are the property of their respective house owners.
QCI Company Contact:
Robert Liscouski, CEO
Quantum Computing, Inc.
+1 (703) 436-2161
Email Contact
QCI Investor Relations Contact:
Ron Both or Grant Stude
CMA Investor Relations
+1 (949) 432-7566
Email Contact
QCI Media Relations Contact:
Seth Menacker
Fusion Public Relations
+1 (201) 638-7561
qci@fusionpr.com
VIPC Media Relations Contact:
Angela Costello
VP of Communications & Marketing, VIPC
Angela.Costello@VirginiaIPC.org
