Quantum Computing Inc. Federal Subsidiary, Qi Solutions, Signs Five-Year Overarching Cooperative Research and Development Agreement (OCRADA) with U.S. Special Operations Command (USSOCOM)
LEESBURG, Va., Sept. 19, 2023 /PRNewswire/ -- QI Solutions, a wholly owned subsidiary of Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), has signed a five-year Cooperative Research and Development Agreement (CRADA) with U.S. Special Operations Command (USSOCOM) to develop quantum technology applications in support of USSOCOM programs and requirements.
USSOCOM is the premier entity of the U.S. Department of Defense that deploys the world's latest technology to conduct global special operations and activities as part of the Joint Force, in concert with the U.S. government interagency, allies, and partners, to advance U.S. policies and objectives worldwide.
QI Solutions (QIS) is a nontraditional Defense company with a portfolio of quantum technology including Quantum Photonic Detection and Ranging (QpDAR) sensors, computing, communications, cryptography, and advanced microchip solutions. QIS will work with USSOCOM's Science & Technology (S&T) Directorate on the development of advanced quantum solutions for use by Special Operations Forces (SOF) in their unique mission roles.
"We are very excited and honored to have the opportunity to work in partnership with the Department of Defense and USSOCOM to develop unique Quantum Solutions based on our advanced technologies that will ultimately be used to protect our country," said Sean Gabeler, President of QI Solutions.
Robert Liscouski, CEO of Quantum Computing Inc., added, "This is a significant opportunity for QCi and QI Solutions. OCRADAs demonstrate the DoD's belief that advanced quantum technologies can be fielded to address critical problems – today, not in several years."
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. (QCi) (Nasdaq: QUBT) is an innovative, quantum optics and nanophotonics technology 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 nanophotonic-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 nanophotonic-based technology is applicable to both quantum computing as well as quantum intelligence, cybersecurity, sensing and imaging solutions, providing QCi with a unique position in the marketplace. 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) qubits 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 (intelligence), reprogrammable and non-repeatable Quantum Random Number Generator (cybersecurity) and LiDAR and Vibrometer (sensing) 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 QCi 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.
QCi 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. 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 QCi's Annual Report on Form 10-K and other factors as may periodically be described in QCi's filings with the U.S. Securities and Exchange Commission.
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SOURCE Quantum Computing Inc.
