Quantum Computing Inc. Receives Follow-On Subcontract Award to Support NASA to Test and Process Quantum Sensing Solutions for Monitoring Climate Change
LEESBURG, Virginia – May 23, 2023 – Quantum Computing Inc. (“QCi” or the “Company”) (NASDAQ: QUBT), a first-to-market full-stack photonic-based quantum computing and solutions company, today announces that it received a follow-on task order to its subcontract award announced on February 8, 2023, to support NASA in remote sensing and climate change monitoring. In addition to testing its proprietary quantum photonic system for remote sensing applications (QLiDAR), QCi will also be processing satellite images by utilizing its photonic-based reservoir computing technology. This initial testing engagement is expected to be completed during the second quarter of 2023.Dr. William McGann, QCi Chief Technology Officer commented, “Sunlight interference (noise) is a huge issue in space-based LiDAR remote sensing. LiDAR measurements of the air, and the optically thin aerosols/clouds during daytime from space experience compromised signal integrity. As a result, it is very difficult, if at all possible, to make good daytime LiDAR measurements from space with adequate signal-to-noise-ratios. In this expanded project, we will explore reservoir photonic computing to remove sunlight noise in satellite LiDAR images, thereby enabling daytime operations of spaceborne LiDAR systems. Our current prototype systems have shown outstanding performance in both pattern prediction and recognition, demonstrating good potential for sunlight noise removal. Through this project, we hope to prove the concept and develop a roadmap for future large-scale deployment to help NASA and many other potential customers.”QCi, through its wholly owned subsidiary, QI Solutions, which focuses on federal government projects, will perform both the original quantum LiDAR work as well as applying photonic computing capability to process the LiDAR data. This will be accomplished under a subcontract from Science Systems Applications, Inc. (SSAI), a leading scientific, engineering and IT solutions provider. Under the expanded subcontract, QCi will run the data from the QLiDAR system through the photonic-based reservoir computer to improve the calculation of the level of water released from snowmelt. Upon successful completion of the task under the new subcontract, follow-on options include airborne testing and positioning these devices together with the photonic reservoir system to enhance the signal integrity of the satellite images to create a network for monitoring snow levels globally. This will promote a better understanding of climate changes and provide accurate data for industry and agriculture. “This expanded contract is a significant opportunity for QCi to demonstrate and validate two distinct QCi technology offerings to the recognized preeminent global leader in space research and exploration,” commented Sean Gabeler, President of Q1Solutions. “QCi’s photonic LiDAR and reservoir photonic computing systems deliver new measurement and data processing capabilities with single-photon sensitivity, strong noise rejection, and high-ranging spatial resolution and image fidelity at great distances through challenging environments such as snow, ice and water, during night or day. QCi systems are built for easy, scalable, and versatile use with favorable size, weight, power, and cost combined with increased connectivity and capacity, decreased training bias, and strengthened security.”
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About Quantum Computing Inc. (QCi)
Quantum Computing Inc. is a full-stack 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 delivers accessible and affordable full-stack solutions with real-world industrial applications, using photonic-based quantum entropy, which can be used anywhere and with little to no training, operates at normal room temperatures and low power. 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 also developed specific quantum applications for AI, cybersecurity and remote sensing, including its Reservoir Quantum Computing, 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 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 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.
Jessica Tocco – CEO
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