LEESBURG, Virginia, July 14, 2021 (GLOBE NEWSWIRE) – Quantum Computer Inc. (the “Company” or “QCI”) (OTCQB: QUBT) (Nasdaq: QUBT), a leader in bridging the power of classical and quantum computing, has listed its shares on the Nasdaq Capital Market®. With the opening bell, QCI will become one of the few pure quantum software companies listed on the Nasdaq stock exchange. The common stock will trade under the same symbol, QUBT, tomorrow, July 15, 2021, when the market opens.
QCI is expanding the use of quantum computers from the exclusive area of scientific projects to widespread acceptance by companies to solve their most advanced and important problems. The company’s flagship, Qatalyst ™, is the first to drive calculation 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-use quantum software, Qatalyst offers companies the first real opportunity to cost-effectively solve critical supply chain, logistics, drug discovery, cybersecurity, and transportation problems today with unprecedented speed and quality of results. Qatalyst is available via the AWS cloud and Braket and offers 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 powerful technologies of our century,” said Robert Liscouski, CEO of QCI. “This was underscored by major investments from Amazon, Google, IBM, Microsoft, Alibaba, and President Biden’s recent $ 15 billion investment in advanced technologies, including quantum technology. With our software, which for the first time seamlessly combines the current state of computing with a future where quantum will be a crucial factor in solving the most advanced problems for businesses, we are very well positioned to be an important part of this transformation . We are on the way to democratize quantum computing and its techniques for all companies that are looking for additional computing power and accuracy and achieve a value that goes beyond the pure quantum advantage. “
“We believe that listing on Nasdaq will raise our profile in the investment community,” added Liscouski. “We also expect it to improve liquidity and transparency, broaden our shareholder base and significantly increase shareholder value in the long term.”
In the past, software has always been an essential prerequisite for the adaptation and use of technologies, be it classic computer technology, mobile phones and intelligent devices, etc. and that will not be any different with quantum computing. Quantum computers require an immense effort to transform classic problems into complex quantum programs. The tools required for this, quantum software development kits (SDKs), are extremely expensive and complicated, so that quantum experts have to write simple programs themselves that can take months or years to run successfully. In addition, any problem presented to quantum computers must be updated to meet the proprietary requirements of different machine hardware, reprogrammed using the same arduous, complex process, and redeveloped with similarly long timeframes.
Qatalyst eliminates the need for quantum expert programming and enables today’s business analysts and programmers, for the first time, to directly submit and solve computational problems using quantum methods in less than a week. It enables analysts and programmers to run the same program on any quantum or classical machine without the need for programming. Qatalyst uses the same quantum-capable techniques to solve arithmetic problems on classic computers, accelerates and delivers a multitude of highly accurate results. As a result, QCI is bringing the value of quantum computing to a much wider corporate audience to solve real business problems now.
“This is a significant milestone for the company,” said Robert Fagenson, QCI board member and former NYSE floor governor and vice chairman. “The listing of our securities on a major exchange shows that QCI is well positioned in the market to make an important contribution to the quantum industry.”
According to forecasts from the Quantum Economic Development Consortium (QED-C) and Hyperion Research, the quantum computer market is expected to grow exponentially. Globally, it was valued at an estimated $ 320 million in 2020 and will grow at an expected annual growth rate of 27% between 2020 and 2024, reaching around $ 830 million by 2024. Gartner forecasts that by 2023 20% of companies will spend budgets on quantum computing projects and 90% of company investments in this area will commission consulting firms to design problems that quantum algorithms can use.
QCI is unique in its ability to access a wide variety of quantum computers via Amazon’s Braket, including D-Wave, IonQ, and Rigetti, as well as 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 adding value to quantum computing for real-world business solutions. The company’s flagship, catalyst, is the first software that combines the performance of classical and quantum computing, hides complexity and enables SMEs to solve complex computing problems today. QCI’s team of experts in finance, computing, security, math and physics has more than a century of experience with complex technologies; from leading supercomputing innovations to massively parallel programming to security that protects nations. Connect to QCI LinkedIn and @QciQuantum on twitter. For more information on QCI, see www.quantumcomputinginc.com.
Important Notes Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements and forecasts naturally involve risks and uncertainties, as they relate to events and depend on circumstances that will occur in the near future. These statements contain statements about the intentions, beliefs, or current expectations of Quantum Computing (“Company”) and members of its management, and the assumptions on which these statements are based. Potential investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those anticipated in these forward-looking statements.
The company assumes no obligation to update or revise any forward-looking statements to reflect changed conditions. Statements in this press release that are not statements of historical fact are forward-looking statements regarding future events and as such all forward-looking statements are made under the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements regarding future expected or projected plans, performances and developments, as well as other statements regarding future operations and results. All statements in this press release that are not historical facts may be considered forward-looking statements. Words such as “can”, “will”, “expect”, “believe”, “foresee”, “estimate”, “intend”, “aim”, “aim”, “seek”, “try”, “aim at it” , “Or variations of these or similar words identify forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties described in Item 1A of the company’s annual report on Form 10-K, which are expressly incorporated herein by reference, as well as other factors that are regularly included in the company’s records at the SEK.
Qatalyst ™ is the trademark of Quantum Computing Inc. All other trademarks are the property of their respective owners.
Robert Liscouski, CEO
Quantum Computer, Inc.
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