LEESBURG, Va., April 20,
2023 /PRNewswire/ -- Quantum Computing Inc. ("QCI" or
the "Company") (NASDAQ: QUBT), a first-to-market full-stack
photonic-based quantum computing and solutions company, today
announced the expansion of its commercially available product line
to include patented Quantum Random Number Generator ("QRNG")
technology, capable of generating non-repeatable number sequences.
This series of quantum products generate truly random numbers
of various probability densities and correlation properties to
serve many different applications encompassing security, modeling,
and finance. The series includes quantum random numbers (QRNs) that
are either binary or high-dimensional, and either independent of,
or correlated with each other. Distinctly, customers can configure
the QRNG to obey either a uniform probability distribution or a
specific non-uniform probability distribution appropriate for their
specific application, such as Gaussian, Lorentzian, or other
distributions that are important for data simulation and analysis.
The Company plans to offer the first series of QRNG products
through a cloud-based subscription on its website beginning today
followed by an option to purchase the hardware, which is a handheld
cube-sized QRNG device, during mid-year 2023.
QCI launches random number generator.
The patent, developed by QCI's scientists in partnership
with and exclusively licensed from Stevens
Institute of Technology, is a broad use patent on a
fundamental methodology and implementation that utilizes a unique
circuit design that eliminates the need for randomness extraction
or amplification, as routinely required by other approaches and
devices. This technology is crucial to mitigate security
vulnerabilities and provide customers with trustworthy data.
"This breakthrough capability based on measuring the stochastic
arrival time of single or correlated photons produces truly random
numbers that passed all standard randomness tests such as NIST and
Dieharder. Importantly, results are obtained with superior
fidelity, accuracy, and cost savings without security compromise,"
commented William McGann Ph.D., Quantum Computing Inc.'s Chief
Operating and Technology Officer. "Random numbers are fundamental
and useful resources in science and engineering with indispensable
applications in simulation, machine learning, and cyber-security
for use in gaming, military, communications, financial industries
and expanding into automotive and Internet-of-things."
Dr. McGann continued, "Neither numeric algorithms nor
classical-physics processes are capable of creating genuine random
numbers to meet the growing demands in data security and accuracy –
the number sequence generated have a defined starting point and
ultimately, random sequences will become repeatable. In contrast,
truly random numbers can be derived from quantum mechanical
processes whose fundamentally unpredictable nature guarantees
impeccable randomness. However, the current QRNG technology
available today inevitably requires many steps of postprocessing to
pass quality checks. As a result, generated sequences often
suffer from various experimental imperfections, including
measurement bias, sampling period-induced correlation, and mixture
with other deterministic classical noise. QCI's approach overcomes
these deficiencies by measuring the quantum fluctuations first,
ensuring superior conditions prior to starting the random number
generation process. This approach eliminates the need for the
time-consuming and computationally complicated postprocessing and
the associated security vulnerabilities in creating a superior
Quantum Random Number Generator."
"According to Statista, the quantum random number generator
market was valued at $300+ million in 2022 and is expected to grow
over 35% annually for the foreseeable future, exceeding
$3.2 billion by 2030. To
capture a strong market share, we have tactically mapped out a
go-to-market strategy which may ultimately include a distribution
partner to significantly expand QCI's reach and speed to
market. We are in active discussions that we hope to conclude
as we launch subsequent upgrades to our core QRNG capability,"
stated Bob Liscouski, CEO Quantum
Computing Inc. "Our core QRNG technology provides arbitrary
and correlated random number distribution which has unique
advantages in security and big data analyses. It is our intention
to build upon these advantages. We have laid out a fairly
aggressive QRNG product enhancement road map that includes both
hardware and software upgrades. We have the ability over the
next 12 months to minimize the size of our hardware footprint to
open the opportunity to integrate into other hardware devices and
workstations. Also, following our first release, we will include
additional novel software features to support user customization of
arbitrary rather than uniform random number distribution, the
ability to generate multiple sets of correlated random numbers, and
finally, decentralized random generated number sets necessary when
building out a network."
Liscouski added, "The launch of our QRNG product line is another
demonstration of QCI's commitment to continue to commercialize its
quantum technologies and solutions for real world business
applications. This is a demonstration of the breadth of QCI's
technology portfolio and an important step for QCI. Not only
is QCI a leader in quantum photonic computing but also other
related quantum technologies. QCI is one of the few companies
in the quantum industry that can make that claim."
For direct access to our QRNG product, please visit our website
or contact our team directly at sales@quatumcomputinginc.com .
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.
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
