Quantum Computing Inc. unveils software breakthrough that increases the processing power of quantum computers by up to 20x

Quantum Computing Inc.

Quantum Computing Inc.

QAmplify Maximizes End User Investments in Quantum Computing

LEESBURG, Va., June 07, 2022 (GLOBE NEWSLETTER) — Quantum Computing Inc. (“QCI” or the “Company”) (NASDAQ: QUBT), a leader in accessible quantum computing, today unveiled QAmplify, a suite of quantum software technologies that increases the processing power of any current quantum computer by as much as 20x. QAmplify is able to supercharge any quantum computer to solve today’s realistic business problems.The company is actively working with customers and partners to scale the amplification capabilities of its turnkey katalyst software, which is designed to eliminate the need for complex quantum programming and works seamlessly across a variety of quantum computers. QCI has applied for patents on the QAmplify technology.

Currently, there are two primary technology approaches that offer a wide range of capabilities encompassing the current Quantum Processing Unit (“QPU”) hardware landscape; gate model (e.g. IBM, IonQ, Rigetti, OQC, etc.) and annealing (e.g. D-Wave) quantum computers. Both are limited in the size of the problems (ie the number of variables and the complexity of the calculations) they can handle. Gate models, for example, can typically handle 10-120 data variables, and annealing machines can handle about 400 variables in a simple problem set. These small problem sets limit the scope of problems that can be solved by current QPUs, reducing the ability of companies to explore the value of quantum computing.

QCI’s patent-pending QAmplify suite of powerful QPU extension software technologies overcomes these challenges, dramatically increasing the size of the problem set each can handle. The demonstrated capabilities of the QAmplify gate model expansion have been benchmarked at an increase of 500% (5x) and the annealing expansion has been benchmarked at an increase of up to 2,000% (20x).

QAmplify maximizes end-user investment in current QPUs by transforming quantum users from science experiments to solving real-world problems without waiting for the quantum hardware industry to catch up. For example, in terms of real-world applications, this means that an IBM quantum computer with QAmplify could solve a problem with more than 600 variables, against the current limit of 127 variables. A D-Wave glow computer with QAmplify could solve an optimization with more than 4,000 variables, versus the current limit of 200 for a dense matrix problem set.

“It is central to QCI’s mission to deliver practical and sustainable value to the quantum computing industry,” said William McGann, QCI’s Chief Operating and Technology Officer. “QCI’s innovative software solutions provide comprehensive compute capabilities for today’s state-of-the-art QPU systems and offer great future scalability as these technologies continue to evolve. Using our QAmplify algorithm in the 2021 BMW Group Quantum Computing Challenge for vehicle sensor optimization provided proof of performance by extending the effective power of the annealer by a factor of 20 to 2,888 qubits.”

To learn more about QCI and how Qatalyst can take care of your business today, visit www.quantumcomputinginc.com

About Quantum Computing Inc.
Quantum Computing Inc. (QCI) (NASDAQ: QUBT) is a full-spectrum quantum software and hardware company on a mission to increase the value of quantum computing for true business solutions. The company recently announced its intention to acquire QPhoton, a quantum photonics innovation company that has developed a suite of quantum photonic systems (QPS). The combination of QCI’s flagship, turnkey software product, Qatalyst, with QPhoton’s QPS, sets QCI on the path to delivering a widely accessible and affordable full-stack quantum solution that can be used by non-quantum experts anywhere and in the real world – world industry applications. QCI’s team of experts in finance, computer science, security, mathematics and physics have more than a century of experience with complex technologies; from advanced supercomputing to massive parallel programming to the security that protects nations. Connect to QCI on LinkedIn and @QciQuantum on Twitter. For more information about QCI, please visit: www.quantumcomputinginc.com

Important Cautions Regarding Forward-Looking Statements
This press release contains forward-looking statements as defined in 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 arise in the near future. Those statements include statements regarding the intention, belief or current expectations of Quantum Computing Inc. (the “Company”), and members of management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results could differ materially from those contemplated in such forward-looking statements.

Statements in this press release that are not descriptions of historical fact are forward-looking statements as to future events, and as such, all forward-looking statements are made in accordance with the Securities Litigation Reform Act of 1995. Statements may include certain forward-looking statements anticipated or anticipated plans, performance and developments, as well as other statements regarding future activities and results. Any statements in this press release that are not historical facts should be considered forward-looking statements. Words like ‘may’, ‘will’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘plan’, ‘goal’, ‘objective’, ‘seek’, ‘attempt’”, or variations of these or similar words identify forward-looking statements. Such statements include statements regarding the Company’s ability to complete the planned acquisition of QPhoton, the anticipated benefits of such acquisition and the Company’s ability to successfully develop, market and sell its products. . Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include, but are not limited to, the parties’ potential inability to complete the proposed transaction, including as a result of failure to comply with closing conditions for the proposed transactions; risks that QPhoton will not be successfully integrated; failure to realize the expected benefits of the combined business; potential lawsuits related to the proposed transaction and disruptions to the proposed transaction that could harm the business of the Company or QPhoton; ability to retain key personnel; the potential impact of the announcement or completion of the proposed transaction on relationships with third parties, including customers, employees and competitors; conditions on the capital markets; and the risks described in item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, which is expressly incorporated herein by reference, and other factors that may be described periodically in the Company’s filings with the SEC. The company assumes no obligation to update or revise any forward-looking statements to reflect changed circumstances.

Qatalyst™ is the trademark of Quantum Computing Inc. All other trademarks are the property of their respective owners.

Company contact:
Robert Liscouski, CEO
Quantum Computing, Inc.
+1 (703) 436-2161
Email contact

Contact person for investor relations:
Ron Both of 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]

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