Quantum Computing Inc. Launches Its First-in-a-Series of Reservoir Computers, Pioneering a New Era of Affordable and Sustainable AI

QCi Embraces the Advantages of Edge Computing with a First-to-Market Portable Reservoir Computing Device

LEESBURG, Virginia – June 15, 2023 – Quantum Computing Inc. (“QCi” or the “Company”) (NASDAQ: QUBT), a first-to-market photonic-based quantum technology company, today announced the release of the Company’s first-in-a-series Reservoir Computer, a cost-effective powerful and portable hardware device the size of a small power pack.  This launch represents a step in making neuromorphic hardware largely accessible and affordable to individuals and small businesses. Beginning today, QCi is accepting orders via its website here.

Reservoir computing is a framework for computation derived from recurrent neural network (RNN) theory, which maps input signals into higher dimensional computational spaces through the dynamics of a fixed, non-linear system called a reservoir. It has unique advantages in the ease of training, processing speed, power efficiency, system complexity, while addressing exploding and vanishing gradient issues with typical RNN.  The performance in time dependent tasks, such as chaotic time series prediction, radar signal classification, and speech recognition is exceptional. To date, the market for reservoir computing has been limited due to computing cost and technical implementation complexities, which is expected to be practically eliminated with QCi’s reservoir computer.Dr. Yuping Huang, QCi Chief Quantum Scientist commented, “Our core mission at QCi has always been to democratize quantum and photonic technology. We recognize there is a significant barrier for individuals and small business to access large data centers and high-end GPUs, particularly as it relates to AI. We aim to lower this barrier by offering a photonic accelerated system at a low cost and small size. As a result of years of research and development of innovative photonics engineering, combined with custom hardware and advanced AI techniques, our team has created a powerful yet affordable computing platform of machine learning specific hardware.”QCi’s first reservoir computer uses the Company’s proprietary capability to program commercial FPGA chips to create a small footprint hardware device that requires 80 to 95% less electricity than traditional computers. The QCi Reservoir Computer leverages the company’s unique competencies and expertise in both analog and digital design, resulting in an innovative piece of technology that interfaces seamlessly with a host machine though an Ethernet connection, enabling smooth communication and problem submission. Furthermore, the QCi reservoir computer returns solutions featuring an expanded dimensionality compared to the original data, offering more detailed and comprehensive insights, while simplifying the training process and thereby reducing the training time. It is anticipated that the launch of QCi’s reservoir computer will open up a myriad of possibilities across various industries and sectors from data analytics and optimization to pattern recognition and forecasting. QCi’s reservoir computer can address complex problems in fields such as natural language processing, weather prediction, financial analysis, drug discovery, optimization, autonomous driving, and enhancement of LiDAR capabilities. “The launch of QCi’s Reservoir Computer represents a significant advancement in computing power and opens up new frontiers in problem-solving across numerous industries. Our talented engineering team designed the reservoir computer to handle the most demanding computational challenges in seconds. Its minimal size, weight, power, and cost factors make it particularly suitable for use as edge computing tools,” commented Robert Liscouski, CEO of Quantum Computing Inc. “To demonstrate the capabilities of the Reservoir Computer, QCi has partners with leading research institutions and organizations to conduct pilot programs and showcase real-world applications. Our current contract with NASA and collaboration with millionways speak to QCi’s Reservoir Computer’s ability to solve complex machine learning problems across different application areas.”

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. is a quantum hardware and software 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 photonic-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 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) qudits 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, reprogrammable and non-repeatable Quantum Random Number Generator and LiDAR products.  For more information about QCi, visit www.quantumcomputinginc.com.

About Qi Solutions, Inc. (QiS)

Qi Solutions, Inc., a wholly owned subsidiary of Quantum Computing Inc., is a supplier of quantum technology solutions and services to the government and defense industries. With a team of qualified and cleared staff, QiS delivers a range of solutions from entropy quantum computing to quantum communications and sensing, backed by expertise in logistics, manufacturing, R&D and training. The company is exclusively focused on delivering tailored solutions for partners in various government departments and agencies.

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 Quantum Computing Inc. (the “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. 

Media and Investor Contact:

Jessica Tocco – CEO

A10 Associates 

(765) 210-0875Jessica.Tocco@a10associates.com