LEESBURG,
Va., Jan. 18, 2024 /PRNewswire/ -- Quantum
Computing Inc. ("QCi", "we", "our" or the "Company") (Nasdaq:
QUBT), an innovative quantum optics and nanophotonics
technology company, today proudly announces that two of its
engineers have been honored with the esteemed 44th
Edison Patent Award for their pathbreaking contributions to
quantum-secured privacy-preserving computations. This recognition
underscores their exceptional work in addressing cybersecurity
threats and developing innovative solutions, including a
revolutionary method of quantum authentication and
private-data computing that can process and verify information
without sharing that information.
The Edison Patent Award, a symbol of innovation
and excellence, is a testament to the commitment, expertise, and
innovation demonstrated by Dr. Yuping
Huang, OCi's Chief Quantum Officer and Dr. Lac Thi Thanh Nguyen, the Quantum Technology Lead
for QCi's Cybersecurity platform. Their critical work has
significantly advanced Quantum Computing Inc's mission to harness
the power of quantum technologies for real-world applications.
The patent underlying the award represents a
milestone in the field of quantum information networks, a critical
domain in the ongoing battle against cybersecurity threats facing
industry, government, and individuals. The patent, which was
granted approval in the United
States and over 40 other countries during 2023, addresses a
method for quantum authentication and zero-knowledge proof for
network security that uses fundamental quantum physics to protect
passwords, private information, and online assets. The patented
technology describes a method of generating pairs of so-called
"entangled" photons that can share certain properties, measurement
results and security checks with each other — sharing joint
communications — without ever disclosing in any way that private
data in the process, either with each other or with external
parties or computing processes. Distinct to any other protocol, the
private information is coded on the measurement bases and never
shared with any party, either directly or via encryption. Thus, it
provides the ultimate protection and unconditional security.
In contrast to quantum key distribution which
only protects encryption, this breakthrough patent fills a critical
security breach vulnerability by offering a way to effectively
secure identity authentication, data mining, and digital
assets in an untrusted environment. Designed to be compatible
with existing fiber-based communication infrastructure and
satellite-based networks, the patent is a broad-use award based on
a fundamental methodology for secure networking among multiple
parties, uniquely combining quantum authentication and encryption
in a single step and thereby safeguarding an entire network at all
points of slippage.
The patent was exclusively licensed to QCi with
perpetual terms. For rapid commercialization, QCi has recently
built a two-node quantum authentication system, leveraging the
engineering skills that Huang and Nguyen acquired when they and
team built a pilot three-node quantum network system over a
university campus in 2018.
"Quantum Computing Inc. salutes our esteemed
engineers. In an era where digital security is paramount, Drs.
Huang and Nguyen have played a pivotal role in developing a method
of quantum authentication that promises to revolutionize data
protection and privacy. Until now, there was no end-to-end quantum
solution to defend the security of our digital assets against AI or
quantum computer attacks in the coming future. The integration of
this comprehensive quantum protocol with quantum key distribution
holds the promise of establishing a robust quantum-secured
communication system that safeguards the internet for everyone,"
commented Robert Liscouski, CEO of
Quantum Computing Inc. "The company is proud to be at the forefront
of quantum technology advancements, providing solutions that
address the evolving challenges of cybersecurity, and we remain
committed to pushing the boundaries of quantum technology and
providing innovative solutions to complex global challenges."
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.
The Edison Patent Awards
For more than 40 years, the Research &
Development Council of New Jersey has recognized and
highlighted the broad array of research conducted in the state and
celebrated its exceptional inventors in an annual award ceremony
named for Thomas Alva Edison, New
Jersey's most famous inventor. Winners are selected by a team of
Research & Development Council researchers who evaluate
nominated patents based on the significance of the problem
addressed, its utility/socioeconomic value, novelty and commercial
impact. The Research & Development Council is a nonprofit
501(c)(3) organization whose membership includes representatives
from academia, government, and industry, including several Fortune
500 companies. More information can be found at the Research &
Development Council's website: www.rdnj.org.
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.