Quantum Computing Inc.'s partners Assured
Cyber Protection Ltd and millionways order Reservoir Computers and
Quantum Random Number Generator to enhance their AI
capabilities.
LEESBURG, Va., Oct. 31,
2023 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or
the "Company") (Nasdaq: QUBT), an innovative, quantum optics and
nanophotonic technology company announced a milestone in its quest
to bring cutting-edge quantum solutions to the market. The Company
has secured multiple hardware sales of its state-of-the-art
Reservoir Computer and Quantum Random Number Generator to Assured
Cyber Protection Ltd and AI firm millionways, kicking off the
commercial delivery of its computing technologies.
The QCi Reservoir Computer, a first-to-market portable reservoir
computing device with technology inspired by the power of quantum
mechanics, can perform complex computational tasks with
unprecedented speed and efficiency to facilitate data analysis,
machine learning and artificial intelligence. Its minimal size,
weight, power, and cost factors make it particularly suitable for
use as an edge computing tool. QCi's Reservoir Computer uses the
Company's proprietary capabilities to create a small footprint
hardware device that requires 80% to 95% less power consumption
than traditional computers. The QCi Reservoir Computer series
leverages the Company's unique competencies and expertise in both
analog and digital design, resulting in an innovative piece of
technology that interfaces seamlessly with a host machine through
an Ethernet connection, enabling smooth communications and
problem-free submission. The Reservoir Computer, available now, is
QCi's first major step on its path to building a hardware-based,
Quantum Reservoir Computer to be released in 2024.
Additionally, the Quantum Random Number Generator (QRNG)
developed by QCi has garnered interest from organizations that
require true randomness for applications in cryptography, secure
communications, and data encryption. With quantum-level entropy,
QCi's solution ensures the highest level of security for digital
communications and data protection. QCi's QRNG offers a unique
feature that can provide random number sequences and obey arbitrary
statistic properties as customized by end users. This new feature
not only enhances various AI applications and security protocols
but also supports financial modeling applications such as
Monte Carlo simulations.
European-based Assured Cyber Protection Ltd ("Recyber"), a
cybersecurity company that combines automation, artificial
intelligence and advanced technology to reduce a business'
cybersecurity risk, has been on the forefront of defending digital
assets against ever-evolving threats. By integrating QCi's
Reservoir Computer and QRNG into their security algorithms, Recyber
aims to enhance its ability to detect and respond to cyberattacks
in real-time, staying ahead of cybercriminals in this ever-shifting
landscape.
millionways, a New York City
based technology firm, is a leader in the development of AI
algorithms used to effectively provide quick turnaround analysis
and next-gen feedback to users on their emotional IQ and
personality insights based upon various forms of user-generated
text or audio-to-text data. Unlike other machine learning
platforms such as ChatGPT, Alexa or Siri, millionways' proprietary
methodology makes behavorial predictions that have clear
applications in generating the most informed decision in which
social interactions drive behavorial outcomes. The addition
of QCi's Reservoir Computer to millionways' assessment process is
expected to significantly boost machine learning efficiency,
particularly in assessing audio files, dramatically reduce the
power consumption and materially speed up the training.
Ultimately, quantum-enhanced AI technologies will enable
millionways to provide even more accurate, personalized
recommendations to its users, thus improving the overall user
experience and increasing customer satisfaction.
Robert Liscouski, CEO and
co-founder of Quantum Computing Inc. stated, "Recyber, a leading
cybersecurity firm, and millionways, a pioneer in AI-driven
decision-making platforms, are well positioned to benefit
meaningfully from QCi technologies. These innovative tools
will enable them to efficiently address complex problems and
challenges in their respective industries, pushing the boundaries
of AI and cybersecurity capabilities. The diverse application
of our Reservoir Computer to the cybersecurity and human behavioral
AI domains is exactly where we believe there will be a great
opportunity for these types of technologies. Similarly, our
QRNG device, a truly unique random number generating device in the
market, will address immediate security requirements for key
distribution." Liscouski added, "We believe that quantum
computing will drive the next era of technological advancement,
particularly in the cybersecurity world, and we are excited to be
at the forefront of this revolution. Though QCi is small, as
of now, we pack a big punch. We are working hard to become
the leader in quantum innovation and quantum solutions that provide
real value to the business and government markets today."
Mitch Scherr, CEO and co-founder
of Recyber, commented on his purchase of four QCi Reservoir
Computers and a QRNG, "Cybersecurity requires constant
innovation. QCi's quantum-enhanced technologies will
strengthen our efforts to safeguard sensitive data and protect our
company and its clients from evolving threats. Recyber and
QCi offer game-changing cybersecurity assessment, remediation and
unparalleled protection. QCi's Reservoir Computer combined
with Recyber's AI technologies will enable Recyber to provide
solutions that will protect clients and their Boards from the
growing cyber threat in the marketplace today. Our unique
cyber behavioral analysis will be able to scale to small and large
enterprises to better protect businesses from exploitation due to
poor cyber hygiene and insider threats. We entered our
teaming relationship with QCi just over a month ago and, based on
early customer feedback, we anticipate a highly productive future
together."
QCi's efforts to build quantum reservoir computers is expected
to bring quantum capabilities to artificial intelligence and
significantly increase the speed and efficiency of AI while
significantly lowering power consumption compared to power-hungry
classical computers. QCi is committed to ongoing research and
development to further enhance its quantum solutions and expand its
product offerings. The Company's long-term vision is to
democratize quantum information and sensing technologies, making
them accessible and practical for businesses and researchers around
the world.
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 (QIS)
Qi Solutions, 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.
