AP NEWS
ADVERTISEMENT
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

QCI Announces Ready-to-Run Quantum Optimization on AWS

April 13, 2021 GMT

LEESBURG, Va., April 13, 2021 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (OTCQB: QUBT) (QCI) today announced that QCI’s Qatalyst™ constrained optimization is now available as a Software as a Service (SaaS) on Amazon Web Services, Inc. (AWS), for both classical and quantum computers. The SaaS service eliminates the need for complex quantum programming. It empowers subject matter experts (SMEs) to submit their complex optimization problems to Qatalyst, which leverages the power of quantum-ready computational software on classical processors to provide solutions. Users can also submit smaller problems to a variety of quantum processing units (QPUs) via Amazon Braket, using the exact same API with no quantum expertise required. As QPUs scale to support production usage, SMEs can submit the exact same problem to Qatalyst for hybrid classical/quantum or pure quantum processing.

ADVERTISEMENT

Qatalyst SaaS gives users straightforward access to the software and hardware needed to drive computational results. Users or workflows simply employ one of the Qatalyst API’s six calls to submit today’s problems, with no new programming or changes to the problems. The service offers:

  • Seamless access to Qatalyst constrained optimization, running on classical or quantum computing resources.
  • Submission of today’s constrained optimization problems, eliminating the need to create complex new quantum programs that drives high cost, risk and complexity.
  • Access to a variety of quantum hardware through Amazon Braket, helping users avoid quantum hardware provider lock-in.
  • Improved performance, accuracy and a diversity of results to drive more informed business decisions compared with alternative quantum-ready and classical constrained optimization solutions.

QCI is working closely with AWS technology to ensure that Qatalyst delivers the best possible experience for classical users and workflows as they leverage quantum techniques and resources. Today, the Qatalyst SaaS service delivers quantum-ready constrained optimization, accelerating and improving the accuracy and diversity of results on classical systems. It can accept constrained optimization problems, as well as graph models, for computation. It also includes seamless access to QPUs via Amazon Braket, including D-Wave, IonQ, and Rigetti.

ADVERTISEMENT

“We’re leveraging the power of AWS for both CPU and QPU resources to make quantum computing available on-demand via the cloud, without expensive, lengthy, trial-and-error programming,” said Robert Liscouski, CEO of QCI. “Pairing Qatalyst with AWS empowers enterprises with a practical and scalable approach for exploring the value of quantum computing. Customers get the benefits of the cloud for solving today’s problems with classical approaches, as well as simplified access to quantum computers to prepare for the future - with no risk, no programming, just better results.”

Today’s QPUs are not yet sufficiently scalable to solve large computations. Users can run smaller subsets of problems today, while waiting for the hardware scale that’s needed for larger solutions. As a quantum-ready SaaS service, Qatalyst acts as a seamless bridge between classical and quantum computing.

Amazon Braket is a fully managed quantum computing service that helps researchers and developers get started with the technology to accelerate research and discovery.

“Amazon Braket provides easy access to different quantum computing technologies,” said Richard Moulds, General Manager, Amazon Braket, AWS. “Services like QCI’s Qatalyst are important in making quantum computing accessible to a broader audience and helping customers explore how to combine classical and quantum computation. We are pleased to support the QCI team in delivering innovative solutions that build on Amazon Braket.”

QCI’s QikStart™ program, which was launched  in February, offers quantum expertise, as well as access to AWS’s classical and quantum computing resources. It helps selected participants accelerate the adoption of quantum computing towards solving mission-critical problems for business. Participants also gain access to the Qatalyst quantum application accelerator, hardware, expert resources, and funding to explore and push the boundaries of quantum computing for delivering practical business results.

To learn more about QCI, visit www.quantumcomputinginc.com

About Quantum Computing Inc.
Quantum Computing Inc. (OTCQB: QUBT) (QCI) is focused on accelerating the value of quantum computing for real-world business solutions. The company has developed the first software to bridge the power of classical and quantum computing, hiding complexity and empowering SMEs to solve complex computational problems today. QCI’s expert team in finance, computing, security, mathematics and physics has over a century of experience with complex technologies; from leading edge supercomputing innovations, to massively parallel programming, to the security that protects nations. For more information about QCI, visit www.quantumcomputinginc.com.

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 (“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.

Qatalyst™ and QikStart™ are trademarks of Quantum Computing Inc. All other trademarks are the property of their respective owners.

Company Contact:
Robert Liscouski, CEO
Quantum Computing, Inc.
+1 (703) 436-2161
info@quantumcomputinginc.com

Investor Relations Contact:
Ron Both or Grant Stude
CMA Investor Relations
+1 (949) 432-7566
Email Contact

Media Relations Contact:
Seth Menacker
Fusion Public Relations
+1 (201) 638-7561
qci@fusionpr.com