Quantum Computing Inc. (QCI) (Nasdaq: QUBT), a leader in unleashing
the power of quantum computing for non-quantum experts, today
announced its consulting practice, QCI Qonsulting, and Path2Quantum
(P2Q), a four-phase framework that organizations can use to
explore, measure, and strategically plan their quantum computing
adoption. The company also announced its first Qonsulting customer,
employee staffing company Quad M Solutions, Inc. (Quad M) (OTC:
MMMM). QCI will deliver quantum-ready solutions to Quad M for
optimization of its health insurance underwriting services.
QCI Qonsulting engagements leverage proven expertise in
vendor-neutral quantum software and algorithms, as well as the
company’s ready-to-run quantum software, Qatalyst™. QCI believes
that Qonsulting will empower organizations to chart a comprehensive
strategic path to quantum, while dramatically de-risking time and
investment in early quantum exploration.
Investment in quantum technologies will grow from $412 million
in 2020 to $8.6 billion by 2027, according to research firm
IDC. Organizations that get started now will have a significant
competitive advantage over those that continue to wait until
quantum computing is a proven technology. However, the complexity
of quantum hardware and software development are forcing
organizations to invest significantly in elite quantum expertise
just to explore quantum-possible use cases for their potential
business value.
QCI’s Qonsulting and Qatalyst offer a simpler, more efficient
choice by providing organizations with a straightforward path to
explore a wide array of quantum options across diverse QPUs with no
need for expensive quantum development. They benefit from a
comprehensive and accelerated quantum exploration with a much lower
associated investment and risk.
“While some vendors are focused on selling expensive QPU access
or complex quantum programming, we’re offering the framework,
expertise, and ready-to-run software needed to make quantum
accessible and available to today's subject matter experts,
enabling them to freely explore its potential value,” said Robert
Liscouski, CEO of QCI. “Qonsulting leverages our team’s diverse
expertise in quantum systems and software to overcome business
challenges. We look forward to working with a wide range of
organizations to explore their best path to quantum, free of vendor
lock-in and expensive software investment.”
“Consulting firms are already exploring the best path to
business value using our Qatalyst technology and software in
sectors such as wind energy, banking, healthcare and oil and gas.
Based on those successes, we know Qonsulting addresses a
much-needed challenge in the marketplace,” added Liscouski.
Qonsulting provides ready-to-respond experts focused on
identifying the best possible path to quantum computing adoption
for solving practical and often critical use cases. The QCI team
brings unique expertise across all QPUs and CPUs to transform
problems into quantum-ready problems. QCI’s advanced skill set also
includes deep optimization, community detection, and machine
learning, as well as experience developing market-leading quantum
innovations.
Qonsulting also features Qatalyst ready-to-run quantum software,
providing business users with straightforward access to quantum
computing. Business subject matter experts learn to easily model,
submit, and solve their problems on quantum-ready and quantum
systems, with no quantum expertise required.
Primary to Qonsulting is the commitment to chart and execute a
practical and successful pathway to quantum. QCI’s P2Q framework
defines four flexible phases in the journey to initial and ongoing
quantum value. Each phase builds on the exploration and lessons
learned from the previous phase. This results in organizations
defining a comprehensive and strategic plan for quantum computing
adoption. Companies may start at different points based on their
needs and readiness. The framework is outlined briefly below:
- Phase I: Identify expectations, evaluate
quantum-possible use cases/problems/applications and prioritize
quantum-possible opportunities.
- Phase II: Explore quantum hardware and
software options, define best infrastructure to test and measure
for specific quantum-possible problems.
- Phase III: Test quantum problems and
infrastructures across diverse configurations, from quantum-ready
classical to hybrid to pure quantum, tune problems, measure
potential. Identify the best possible strategic phases to move
forward with quantum, including target infrastructures, timing for
each phase as QPUs advance, and expected results at each
stage.
- Phase IV: Begin initial processing based on
the Phase III plan. Test, refine and continue to advance, as
clients identify the next quantum-possible opportunities in the
successive Phase I.
To learn more about QCI’s Qonsulting offering and P2Q framework,
visit www.quantumcomputinginc.com/qonsulting/
About Quantum Computing Inc.Quantum Computing
Inc. (QCI) (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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