LEESBURG, Va., Sept. 19,
2023 /PRNewswire/ -- QI Solutions, a wholly
owned subsidiary of Quantum Computing Inc. ("QCi" or the "Company")
(Nasdaq: QUBT), has signed a five-year Cooperative Research and
Development Agreement (CRADA) with U.S. Special Operations Command
(USSOCOM) to develop quantum technology applications in support of
USSOCOM programs and requirements.
USSOCOM is the premier entity of the U.S. Department of Defense
that deploys the world's latest technology to conduct global
special operations and activities as part of the Joint Force, in
concert with the U.S. government interagency, allies, and partners,
to advance U.S. policies and objectives worldwide.
QI Solutions (QIS) is a nontraditional Defense company with
a portfolio of quantum technology including Quantum Photonic
Detection and Ranging (QpDAR) sensors, computing, communications,
cryptography, and advanced microchip solutions. QIS will work with
USSOCOM's Science & Technology (S&T) Directorate on the
development of advanced quantum solutions for use by Special
Operations Forces (SOF) in their unique mission
roles.
"We are very excited and honored to have the opportunity to work
in partnership with the Department of Defense and USSOCOM to
develop unique Quantum Solutions based on our advanced technologies
that will ultimately be used to protect our country," said Sean
Gabeler, President of QI Solutions.
Robert Liscouski, CEO of Quantum
Computing Inc., added, "This is a significant opportunity for QCi
and QI Solutions. OCRADAs demonstrate the DoD's belief that
advanced quantum technologies can be fielded to address critical
problems – today, not in several years."
For additional information on the company's suite of solutions,
please visit our website or contact our team directly.
About Quantum Computing Inc. (QCi)
Quantum Computing Inc. (QCi) (Nasdaq: QUBT) is an innovative,
quantum optics and nanophotonics technology 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 provides accessible and affordable solutions with
real-world industrial applications, using
nanophotonic-based quantum entropy that can be used
anywhere and with little to no training, operates at normal room
temperatures, low power and is not burdened with unique
environmental requirements. QCi is competitively advantaged
delivering its quantum solutions at greater speed, accuracy, and
security at less cost. QCi's core nanophotonic-based technology is
applicable to both quantum computing as well as quantum
intelligence, cybersecurity, sensing and imaging solutions,
providing QCi with a unique position in the marketplace. QCi's core
entropy computing capability, the Dirac series, delivers solutions
for both binary and integer-based optimization problems using over
11,000 qubits for binary problems and over 1000 (n=64) qubits for
integer-based problems, each of which are the highest number of
variables and problem size available in quantum computing
today. Using the Company's core quantum methodologies, QCi has
developed specific quantum applications for AI, cybersecurity and
remote sensing, including its Reservoir Photonic Computer series
(intelligence), reprogrammable and non-repeatable Quantum Random
Number Generator (cybersecurity) and LiDAR and Vibrometer (sensing)
products. For more information about QCi,
visit www.quantumcomputinginc.com.
About QI Solutions, Inc. (QIS)
QI Solutions, Inc., a wholly owned subsidiary of Quantum
Computing Inc., is a 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 QCi 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.
QCi 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. 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 QCi's Annual Report on Form 10-K and other
factors as may periodically be described in QCi's filings with the
U.S. Securities and Exchange Commission.
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SOURCE Quantum Computing Inc.