Quantum Computing Inc. Announces QUBT University

LEESBURG, Va., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (the “company” or “QCI”) (Nasdaq: QUBT) today announced its QUBT University program (QUBT U). The program will empower qualified students to get hands-on experience with quantum computing and quantum-ready algorithms like QUBO and QAOA by providing access to QCI’s flagship product Qatalyst™, a ready-to-run software for solving complex optimization problems on both classical and quantum computers, as well as quantum educational resources. Students can solve their first quantum-ready problem within a few days versus the many months it might otherwise take to code the same quantum problem as a quantum program.

The Quantum Club of Notre Dame University will be the first student participants in QUBT University. They will solve three complex problems, each with increasing difficulty, as part of the initial Qatalyst work. Their experiences and feedback will be instrumental in expanding and evolving QUBT U to advance education in the field.

“The Quantum Computing Club at the University of Notre Dame is super excited to get involved with QCI’s QUBT University program to explore the power of quantum computing,” said Robert Koniuta, Founder of The Quantum Club. “QUBT University offers us the chance to get hands-on experience with quantum computers including D-Wave, IonQ and Rigetti, using Qatalyst ready-to-run software for quantum inspired classical and quantum computing. Let the quantum challenge begin!”

QUBT U gives students the opportunity to work with a variety of classical (CPU) and quantum (QPU) computers, using advanced quantum techniques. With Qatalyst, students will solve complex constrained optimization problems on classical computers and a diversity of quantum computers including D-Wave, IonQ and Rigetti, all via AWS Braket.

“We are launching QUBT U to empower those students in academic fields that will leverage quantum computers in the future,” said Robert Liscouski, CEO of QCI. “By giving them the opportunity to experience a simpler way to solve complex problems with quantum computers, we’re exposing them to a more effective method to take advantage of quantum powered technology.”

QUBT University participants receive:

• Free access to Qatalyst, QCI’s ready-to-run software for complex computations, and the ability to run problems using the six API calls.
• Sample problems to get students started in a step by step approach to using quantum.
• Tutorial videos and a list of frequently asked questions to help new students learn quickly and start solving problems right away.
• Simple feedback mechanisms to share their experiences with QCI.

QUBT University is available for anyone working in an academic setting including undergraduates, professors, and researchers. Participants must have the following qualifications:

• Knowledge of operational research type computations, specifically constrained optimization
• Working knowledge of physics, mathematics and/or quantum mechanics
• Programming skills: How to call functions in Python and access Python object attributes, how to create Numpy or Scipy matrices
  

Interested students, professors or advisors can learn more about QUBT U here. To learn more about QCI and how Qatalyst can deliver results for your business today, go to www.quantumcomputinginc.com.

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
Email Contact

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