VIPC selects Quantum Computing Inc. As a partner for risk-based flight paths

quantum computing company

quantum computing company

A project to illustrate applied quantum computing to solutions to real-world problems

Richmond, VA and Leesburg, VA, October 5, 2022 (Globe Newswire) – Virginia Foundation for Innovation VIPC today announced a partnership with quantum computing company (QCI) (NASDAQ: QUBT), Virginia’s startup leader in accessible quantum computing, to determine optimal flight paths for unmanned aerial vehicles that benefit from QCI The road to quantitative consultingAnd the Qatalyst™And the Optical Quantum Systems Devices.

QCI will implement its quantum photovoltaic systems if critical risk management is used that includes the selection of flight paths for unmanned aerial vehicles. As part of this effort, QCI will determine the optimal time, speed and path for drones to travel between destinations, while meeting airspace restrictions and minimizing weather-related risks, obstacles, and other aircraft through the use of QCI’s Entropy Quantum Computing (EQC) systems.

Risk-based decision making is a real problem that has been identified as a key strategic priority by the Federal Aviation Administration. QCI’s Entropy quantum computing systems are well suited for solving complex optimization problems, demonstrating the ability to quickly identify optimized flight paths that reduce costs and risks in flight.

VIPC is the Commonwealth’s seed-stage nonprofit marketing and economic development engine that drives financing, infrastructure and policy initiatives to support innovators, entrepreneurs, start-ups and market development strategies in Virginia. VIPC collaborates with local, regional, state, and federal partners to support expansion and diversification of Virginia’s economy and in the development of emerging technologies such as quantum computing within the Commonwealth of Virginia to improve competitiveness and attract more business opportunities to the state.

As part of this project, QCI and VIPC plan to leverage sensor and micro-weather data collected by the Virginia Flight Information Exchange (VA-FIX), an information center focused on providing official and local data to support unmanned aerial systems. VIPC sees these components as key technologies for advanced air mobility in Virginia.

“Our partnership with Virginia-based QCI is designed to test and explore the impact of quantum computing solutions on complex problems,” said David Ihrie, chief technology officer and vice president of strategic initiatives at VIPC. Emerging technology will require faster and more efficient quantum computing solutions. We work to ensure Virginia is prepared for safe and effective technology integration. “

VIPC and the Commonwealth of Virginia demonstrated their technological leadership with this project, focusing on real-world problems involving quantum computing. Robert Leskowski, CEO of QCI, stated that QCI is excited about the opportunity to partner with VIPC on this project. “QCI is keen to demonstrate that quantum computing offers commercial solutions to today’s problems, not only in terms of computing power, but in other applications including LiDAR and quantum networks.”

About the Virginia Innovation Partnership Corporation (VIPC)
Connecting innovators to opportunities. VIPC, the nonprofit operations arm of the Virginia Innovation Partnership Authority (VIPA), is the Commonwealth’s seed-stage marketing and economic development engine driving financing, infrastructure and policy initiatives to support innovators, entrepreneurs, start-ups and market development strategies in Virginia. VIPC collaborates with local, regional, state, and federal partners to support expansion and diversification of Virginia’s economy.

Programs include: Virginia Venture Partners (VVP) | Virginia Founders Fund (VFF) | Commonwealth Marketing Fund (CCF) | Smart Communities | unmanned systems | Entrepreneurship Ecosystems | Regional Innovation Fund (RIF) | Federal Funding Assistance Program (FFAP) for SBIR and STTR | University Partnerships | Mentoring and participating startups. For more information, please visit the website www.VirginiaIPC.org. Follow VIPC on TwitterAnd the linkedin, And the Facebook.

About Quantum Computing Inc.
Quantum Computing Inc. (NASDAQ: QUBT) is an integrated quantum hardware and software company on a mission to accelerate the value of quantum computing for real-world industry applications, and deliver the future of quantum computing, today. A combination of the leading turnkey software product QCI, converter With the industry-leading quantum computing (EQC) system, Dirac 1, provides a widely accessible and affordable quantitative solution for enterprises that is capable of solving real business problems now. QCI’s team of experts in Finance, Computing, Security, Mathematics and Physics has over a century of experience combined with complex technologies; From groundbreaking supercomputing, to microsensors and imaging technology, to the security that protects nations. For more information about QCI, visit www.quantumcomputinginc.com.

Important notices regarding forward-looking statements
This press release contains forward-looking statements as defined in Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and expectations involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Such statements include statements regarding the current intentions, belief or expectations of Quantum Computing Inc. (the “Company”) and its management members, as well as the assumptions on which these statements are based. Prospective investors are cautioned that any 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 changing circumstances. Statements in this press release that are not descriptions of historical facts are forward-looking statements regarding future events, and as such, all forward-looking statements are made in accordance with the Securities Litigation Reform Act of 1995. The statements may contain certain forward-looking statements regarding expected or projected future plans. performance and developments, as well as other data relating to future operations and results. Any statements in this press release that are not historical facts may be considered forward-looking statements. Words such as “may,” “will,” “expect,” “believe,” “expect,” “estimate,” “intend,” “objective,” “seek,” “attempt,” “aim to,” or variations of these or similar words, identify the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Section 1A of the Company’s annual report on Form 10-K, which are expressly incorporated herein by reference, and other factors that may be described periodically in the Company’s filings with the SEC.

Qatalyst™ is a trademark of Quantum Computing Inc. All other trademarks are owned by their respective owners.

Contact QCI:
Robert Leskowski, CEO
Quantum Computing, Inc.
+1 (703) 436-2161
Contact via email

QCI Investor Relations Contact:
Ron both or Grant Stud
Investor Relations at the Capital Markets Authority
+1 (949) 432-7566
Contact via email

QCI Media Relations Contact:
Seth Menaker
Fusion PR
+1 (201) 638-7561
qci@fusionpr.com

VIPC Media Relations Contact:
Angela Costello
Vice President of Communications and Marketing, VIPC
Angela.Costello@VirginiaIPC.org

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