Quantum Computing Inc. (the “company” or “QCI”) (OTCQB: QUBT)
(Nasdaq: QUBT), a leader in bridging the power of classical and
quantum computing, has listed its shares to the Nasdaq Capital
Market®. With the opening bell, QCI will become one of the few
pure-play quantum software companies to list on the Nasdaq
exchange. Its common stock will commence trading at market opening
tomorrow, July 15, 2021, under the same symbol, QUBT.
QCI is expanding the use of quantum computing from the exclusive
realm of scientific projects to broad adoption by businesses for
solving their most advanced and important problems. The company’s
flagship product, Qatalyst™, is the first to drive computational
results on any quantum or classical computer without complex
programming or low-level coding, quantum experts or exorbitantly
long and costly development cycles. As ready-to-run quantum
software, Qatalyst gives businesses their first real opportunity to
affordably solve mission-critical problems today, related to supply
chains, logistics, drug discovery, cybersecurity and
transportation, with the speed and quality of results previously
unattainable. Qatalyst is available via the AWS cloud and Braket,
offering seamless access to both quantum and classical
resources.
“We believe that quantum computing is the center of massive
investment and will be one of the most impactful technologies of
our century,” said Robert Liscouski, CEO of QCI. “This has been
underscored by major investments from Amazon, Google, IBM,
Microsoft, Alibaba as well as President Biden’s recently proposed
$15 billion investment in advanced technologies including quantum.
We are extremely well positioned to be a major part of this
transformation with our software that, for the first time,
seamlessly connects the current state of computing to a future in
which quantum will be a critical asset in solving the most advanced
problems challenging businesses. We are on the road to
democratizing quantum computing and its techniques for all
businesses who have been searching for additional computational
power and accuracy and achieving value beyond pure quantum
advantage.”
“We believe that the Nasdaq listing will elevate our profile in
the investment community,” added Liscouski. “We also expect it to
improve liquidity and transparency, broaden our shareholder base,
and significantly enhance shareholder value over the long
term.”
Software has always been essential to the adaptation and use of
technology in the past whether it is classical computing
technology, mobile phones and smart devices, etc. and it will be no
different for quantum computing. Quantum computers demand immense
effort to transform from classical problems into complex quantum
programs. The tools required for this, quantum software development
kits (SDKs), are extremely expensive and complicated, requiring
quantum experts to write even simple programs, which can take
months or years to successfully run. Additionally, each problem
submitted to quantum computers must be updated to match the
proprietary requirements of different machine hardware,
reprogrammed with the same arduous, complex process and redeveloped
with similarly lengthy timeframes.
Qatalyst eliminates the need for programming by quantum experts
enabling today’s business analysts and programmers, for the first
time, to directly submit and solve computational problems using
quantum methods in under a week. It allows analysts and programmers
to run the same program across any quantum or classical machine
with no programming required. Qatalyst also uses the same
quantum-ready techniques to solve computational problems on
classical computers, accelerating and delivering a diversity of
highly accurate results. As a result, QCI is making the value of
quantum computing available to a much wider enterprise audience, to
solve real business problems right now.
“This is a significant milestone for the company,” stated Robert
Fagenson, QCI board member and former NYSE Floor Governor and Vice
Chairman. “The listing of our securities onto a major exchange
demonstrates that QCI is well positioned in the marketplace to be a
major contributor to the quantum industry.”
According to projections from The Quantum Economic Development
Consortium (QED-C) and Hyperion Research, the quantum computing
market is projected to grow exponentially. Globally, it was worth
an estimated $320 million in 2020, and will grow at an anticipated
27% CAGR between 2020 and 2024, reaching approximately $830 million
by 2024. Additionally, Gartner predicts that by 2023, 20% of
organizations will be budgeting for quantum computing projects and
90% of enterprise investments in this area will engage consulting
organizations to help shape problems that can leverage quantum
algorithms.
QCI is unique in its capability to access a variety of quantum
computers, including D-Wave, IonQ, and Rigetti, through Amazon’s
Braket, as well as access to IBM quantum computers via the IBM
cloud. To learn more about QCI and how Qatalyst can deliver results
for your business today, go
to www.quantumcomputinginc.com.
About Quantum Computing Inc.Quantum Computing
Inc. (QCI) (OTCQB: QUBT) (Nasdaq: QUBT) is focused on accelerating
the value of quantum computing for real-world business solutions.
The company’s flagship product, Qatalyst, is the first software to
bridge the power of classical and quantum computing, hiding
complexity and empowering SMEs to solve complex computational
problems today. QCI’s expert team in finance, computing, security,
mathematics and physics has over a century of experience with
complex technologies; from leading edge supercomputing innovations,
to massively parallel programming, to the security that protects
nations. Connect with QCI on LinkedIn and @QciQuantum on Twitter.
For more information about QCI, visit
www.quantumcomputinginc.com.
Important Cautions Regarding Forward-Looking
StatementsThis 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 (“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.
Qatalyst™ is the trademark of Quantum Computing Inc. All other
trademarks are the property of their respective owners.
Company Contact:Robert Liscouski, CEOQuantum
Computing, Inc.+1 (703) 436-2161Email Contact
Investor Relations Contact:Ron Both or Grant
StudeCMA Investor Relations+1 (949) 432-7566Email Contact
Media Relations Contact:Seth MenackerFusion
Public Relations+1 (201) 638-7561qci@fusionpr.com
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