HOBOKEN,
N.J., Dec. 17, 2024 /PRNewswire/ -- Quantum
Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an
innovative, integrated photonics and quantum optics technology
company, today announced that the Company has been awarded a prime
contract by the National Aeronautics and Space Administration's
("NASA") Goddard Space Flight Center. This contract marks a pivotal
step forward for QCi by applying its entropy quantum optimization
machine, Dirac-3, to support NASA's advanced imaging and data
processing demands.
The contract will apply Dirac-3 to address the challenging phase
unwrapping problem for optimally reconstructing images and
extracting information from interferometric data generated by
radar. QCi will support NASA in its mission to unwrap
interferograms at full scale, ultimately enhancing their data
quality and accuracy. QCi believes this project will highlight
Dirac-3's capabilities in providing superior solutions to
non-deterministic polynomial time hard (NP-hard) problems,
significantly improving solution quality and computational
speed.
"QCi is proud to support NASA in this critical mission to
process large volumes of interferometric imaging data more
efficiently," stated Dr. William
McGann, Chief Executive Officer at QCi. "The project's goal
is to demonstrate how QCi's Dirac-3 can address the phase
unwrapping problem and allow NASA to compare the results and
benefits of QCi's quantum optimization technology with
state-of-the-art algorithms running on classical computers."
The outcome of this project, if successful, is expected to
produce long-term benefits for NASA, particularly in optimizing
big-data processing capabilities and could pave the way for similar
applications in other fields where quantum solutions offer speed
and quality advantages.
This contract underscores the Company's commitment to advancing
next-generation quantum and photonic technologies to tackle complex
optimization and computational challenges.
To learn more about how QCi is "putting photons to work" or to
explore collaboration opportunities, please visit the QCi
webpage.
About Quantum Computing Inc.
Quantum Computing Inc. (Nasdaq: QUBT) is an innovative,
integrated photonics and quantum optics technology company that
provides accessible and affordable quantum machines to the world
today. QCi's products are designed to operate at room temperature
and low power at an affordable cost. The Company's portfolio of
core technology and products offer unique capabilities in the areas
of high-performance computing, artificial intelligence, and
cybersecurity, as well as remote sensing applications.
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. These forward-looking statements, generally identified by
terms such as "may," "will," "expect," "believe," "anticipate,"
"estimate," "intends," "goal," "objective," "seek," "attempt," "aim
to," or variations of these or similar words, involve risks and
uncertainties because they relate to events and depend on
circumstances that will occur in the future. Those statements
include statements regarding the intended goals of the NASA project
and that, if successful, the project "could pave the way for
similar applications in other fields." Any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, including, without limitation, the risks
and uncertainties associated with the ability of Dirac-3 to provide
a solution to the phase unwrapping problem, and to do so at full
scale, as well as risks and uncertainties inherent in QCi's
business, including the inability to retain key technical
personnel, loss of use of intellectual property, and damage to or
loss of access to the Company's primary facility, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Except as required by federal
securities law, QCi undertakes no obligation to update or revise
forward-looking statements to reflect changed conditions.
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SOURCE Quantum Computing Inc.