Quad M Solutions Inc. Signs MOU with Quantum Computing Inc.
Quad M solutions, Inc.(MMMM:OTC) has executed a Memorandum Of
Understanding (MOU) with Quantum Computing Inc. (QCI) (Nasdaq:QUBT)
to develop and deliver a quantum solution for improving the
efficiency of the company's self-underwritten medical insurance.
Quad M is projected to have tens of thousands of
covered employees utilizing its medical benefits solutions through
its subsidiary, Nuaxess2, in 2022. Quad M Solutions Inc. will
collaborate with QCI in designing a quantum solution utilizing its
over 100,000 person and growing database of medical records.
Currently, like all medical insurance companies
and other self-insured corporations, Quad M Inc. uses a standard
medical questionnaire to underwrite its employees. Quad M intends
to use Quantum Computing Inc.’s Qatalyst™ ready-to-run quantum
software to enable Quad M Solutions Inc. to generate a
quantum-ready classical computing solution in the short term. This
will enable Quad M to factor in multiple variables that had never
been considered or utilized to lower its underwriting costs.
The companies intend to market this product to
other self-insured corporations and medical insurance companies
once it is perfected, leveraging insights from the current medical
records. They believe this to be a potential multi-billion dollar
market. Quad M Solutions Inc. will pay Quantum Computing Inc.
between 5-10 dollars per employee per month for the services
provided by QCI.
Mr. Joseph Frontiere, CEO of Quad M Solutions
Inc., said “QCI is the only company with software that allows us to
set up our underwriting solution in a quantum way. It is agnostic
to any quantum hardware or classical computer, thereby allowing us
to use the present state-of- the-art technology to massively
improve our underwriting process. The present state of quantum and
super computers has reached the point whereby we felt that this
will give us a huge technological competitive advantage in the
staffing solutions industry. I am very proud to be working with one
of the most innovative software companies in the world.”
Mr. Robert Liscouski, CEO of Quantum Computing
Inc., said “Working with Quad M Solutions offers our company a real
world test case while delivering significant revenue. We expect to
create a joint product that we will take to market for the
multi-billion dollar insurance industry. Qatalyst™ software is
perfectly designed to use the current state-of-the-art computer
technology to deliver more accurate and diverse insights in the
About Quad M Solutions, Inc.
Quad M Solutions Inc. is a public holding
company that offers self-funded health plans, staffing services,
HR-human resources, payroll services, retirement, supplemental and
workers compensation insurance to small and mid-sized group
employers with 1-500 employees, and to the exploding essential
worker "Gig Economy," a labor market that is characterized by the
prevalence of short-term contracts or freelance work, not permanent
jobs. Our Company's four subsidiaries, NuAxess 2, Inc., PrimeAxess,
Inc., OpenAxess, Inc. and PrimeAxess 2, LLC are important in
conveying who we are and what we do.
We strive to provide those employers and
individuals the right tools to be able to manage and control all
the facets in their healthcare experience and their eventual health
outcomes. Prevention, wellness, and cures have become part of our
corporate mission to individuals who want to manage and control
their short and long-term healthcare needs.
Our self-insured programs are consumer-driven
and technology-leveraged and, by itself, self-insurance is
affordable, transparent and responsive to the healthcare and
retirement needs of employees who are looking for higher quality
benefits, integrated health information and better medical provider
access and outcomes.
For additional information, please visit:
QuadMSolutions.com and NuAxess.com.
The statements contained herein that are not
historical facts are forward-looking statements within the meaning
of the federal securities laws (Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934).
You can identify such forward-looking statements by the words
"expects," "intends," "plans," "projects," "believes," "estimates,"
"likely," "possibly," "probably," "goal," "opportunity,"
"objective," "target," "assume," "outlook," "guidance," "predicts,"
"appears," "indicator" and similar expressions. Forward-looking
statements involve a number of risks and uncertainties. In the
normal course of business, Quad M Solutions, in an effort to help
keep our stockholders and the public informed about our operations,
may from time to time issue such forward-looking statements, either
orally or in writing. Generally, these statements relate to
business plans or strategies, projected or anticipated benefits or
other consequences of such plans or strategies, or projections
involving anticipated revenues, earnings, profits, pricing,
operating expenses or other aspects of operating results. We base
the forward-looking statements on our expectations, estimates, and
projections at the time such statements are made. These statements
are not guarantees of future performance and involve risks and
uncertainties that we cannot predict. In addition, we have based
many of these forward-looking statements on assumptions about
future events that may prove to be inaccurate. The actual results
of the future events described in such forward-looking statements
could differ materially from those stated in such forward-looking
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