Quantum Computing Inc.
01/19/2022 | Press release | Archived content
Quantum Computing Inc. Introduces Quantum Consulting and Four-Phase Framework for Achieving Business Value
Accelerates and De-risks Organizations' Exploration of Quantum Computing
LEESBURG, Va., January 19, 2022 - Quantum Computing Inc. (QCI) (Nasdaq: QUBT), a leader in unleashing the power of quantum computing for non-quantum experts, today announced its consulting practice, QCI Qonsulting, and Path2Quantum (P2Q), a four-phase framework that organizations can use to explore, measure, and strategically plan their quantum computing adoption. The company also announced its first Qonsulting customer, employee staffing company Quad M Solutions, Inc. (Quad M) (OTC: MMMM). QCI will deliver quantum-ready solutions to Quad M for optimization of its health insurance underwriting services.
QCI Qonsulting engagements leverage proven expertise in vendor-neutral quantum software and algorithms, as well as the company's ready-to-run quantum software, Qatalyst™. QCI believes that Qonsulting will empower organizations to chart a comprehensive strategic path to quantum, while dramatically de-risking time and investment in early quantum exploration.
Investment in quantum technologies will grow from $412 million in 2020 to $8.6 billion by 2027, according to research firm IDC. Organizations that get started now will have a significant competitive advantage over those that continue to wait until quantum computing is a proven technology. However, the complexity of quantum hardware and software development are forcing organizations to invest significantly in elite quantum expertise just to explore quantum-possible use cases for their potential business value.
QCI's Qonsulting and Qatalyst offer a simpler, more efficient choice by providing organizations with a straightforward path to explore a wide array of quantum options across diverse QPUs with no need for expensive quantum development. They benefit from a comprehensive and accelerated quantum exploration with a much lower associated investment and risk.
"While some vendors are focused on selling expensive QPU access or complex quantum programming, we're offering the framework, expertise, and ready-to-run software needed to make quantum accessible and available to today's subject matter experts, enabling them to freely explore its potential value," said Robert Liscouski, CEO of QCI. "Qonsulting leverages our team's diverse expertise in quantum systems and software to overcome business challenges. We look forward to working with a wide range of organizations to explore their best path to quantum, free of vendor lock-in and expensive software investment."
"Consulting firms are already exploring the best path to business value using our Qatalyst technology and software in sectors such as wind energy, banking, healthcare and oil and gas. Based on those successes, we know Qonsulting addresses a much-needed challenge in the marketplace," added Liscouski.
Qonsulting provides ready-to-respond experts focused on identifying the best possible path to quantum computing adoption for solving practical and often critical use cases. The QCI team brings unique expertise across all QPUs and CPUs to transform problems into quantum-ready problems. QCI's advanced skill set also includes deep optimization, community detection, and machine learning, as well as experience developing market-leading quantum innovations.
Qonsulting also features Qatalyst ready-to-run quantum software, providing business users with straightforward access to quantum computing. Business subject matter experts learn to easily model, submit, and solve their problems on quantum-ready and quantum systems, with no quantum expertise required.
Primary to Qonsulting is the commitment to chart and execute a practical and successful pathway to quantum. QCI's P2Q framework defines four flexible phases in the journey to initial and ongoing quantum value. Each phase builds on the exploration and lessons learned from the previous phase. This results in organizations defining a comprehensive and strategic plan for quantum computing adoption. Companies may start at different points based on their needs and readiness. The framework is outlined briefly below:
- Phase I: Identify expectations, evaluate quantum-possible use cases/problems/applications and prioritize quantum-possible opportunities.
- Phase II: Explore quantum hardware and software options, define best infrastructure to test and measure for specific quantum-possible problems.
- Phase III: Test quantum problems and infrastructures across diverse configurations, from quantum-ready classical to hybrid to pure quantum, tune problems, measure potential. Identify the best possible strategic phases to move forward with quantum, including target infrastructures, timing for each phase as QPUs advance, and expected results at each stage.
- Phase IV: Begin initial processing based on the Phase III plan. Test, refine and continue to advance, as clients identify the next quantum-possible opportunities in the successive Phase I.
To learn more about QCI's Qonsulting offering and P2Q framework, visit www.quantumcomputinginc.com/qonsulting/
About Quantum Computing Inc.
Quantum Computing Inc. (QCI) (Nasdaq: QUBT) is focused on accelerating the value of quantum computing for real-world business solutions. The company's flagship product, Qatalyst, is 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. Connect with QCI on LinkedIn and @QciQuantum on Twitter. 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™ is the trademark 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
Investor Relations Contact:
Ron Both or Grant Stude
CMA Investor Relations
+1 (949) 432-7566
Media Relations Contact:
Seth Menacker
Fusion Public Relations
+1 (201) 638-7561
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