QCi Embraces the Advantages of Edge
Computing with a First-to-Market Portable Reservoir Computing
Device
LEESBURG, Va., June 15,
2023 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or
the "Company") (NASDAQ: QUBT), a first-to-market photonic-based
quantum technology company, today announced the release of the
Company's first-in-a-series Reservoir Computer, a cost-effective
powerful and portable hardware device the size of a small power
pack. This launch represents a step in making neuromorphic
hardware largely accessible and affordable to individuals and small
businesses. Beginning today, QCi is accepting orders via its
website here.
Reservoir computing is a framework for computation derived from
recurrent neural network (RNN) theory, which maps input signals
into higher dimensional computational spaces through the dynamics
of a fixed, non-linear system called a reservoir. It has unique
advantages in the ease of training, processing speed, power
efficiency, system complexity, while addressing exploding and
vanishing gradient issues with typical RNN. The performance
in time dependent tasks, such as chaotic time series prediction,
radar signal classification, and speech recognition is exceptional.
To date, the market for reservoir computing has been limited due to
computing cost and technical implementation complexities, which is
expected to be practically eliminated with QCi's reservoir
computer.
Dr. Yuping Huang, QCi Chief
Quantum Scientist commented, "Our core mission at QCi has always
been to democratize quantum and photonic technology. We recognize
there is a significant barrier for individuals and small business
to access large data centers and high-end GPUs, particularly as it
relates to AI. We aim to lower this barrier by offering a photonic
accelerated system at a low cost and small size. As a result of
years of research and development of innovative photonics
engineering, combined with custom hardware and advanced AI
techniques, our team has created a powerful yet affordable
computing platform of machine learning specific hardware."
QCi's first reservoir computer uses the Company's proprietary
capability to program commercial FPGA chips to create a small
footprint hardware device that requires 80 to 95% less electricity
than traditional computers. The QCi Reservoir Computer leverages
the company's unique competencies and expertise in both analog and
digital design, resulting in an innovative piece of technology that
interfaces seamlessly with a host machine though an Ethernet
connection, enabling smooth communication and problem submission.
Furthermore, the QCi reservoir computer returns solutions featuring
an expanded dimensionality compared to the original data, offering
more detailed and comprehensive insights, while simplifying the
training process and thereby reducing the training time. It is
anticipated that the launch of QCi's reservoir computer will open
up a myriad of possibilities across various industries and sectors
from data analytics and optimization to pattern recognition and
forecasting. QCi's reservoir computer can address complex problems
in fields such as natural language processing, weather prediction,
financial analysis, drug discovery, optimization, autonomous
driving, and enhancement of LiDAR capabilities.
"The launch of QCi's Reservoir Computer represents a significant
advancement in computing power and opens up new frontiers in
problem-solving across numerous industries. Our talents engineering
team designed the reservoir computer to handle the most demanding
computational challenges in seconds. Its minimal size, weight,
power, and cost factors make it particularly suitable for use as
edge computing tools," commented Robert
Liscouski, CEO of Quantum Computing Inc. "To demonstrate the
capabilities of the Reservoir Computer, QCi has partners with
leading research institutions and organizations to conduct pilot
programs and showcase real-world applications. Our current contract
with NASA and collaboration with millionways speak to QCi's
Reservoir Computer's ability to solve complex machine learning
problems across different application areas."
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. is a quantum hardware and software
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
photonic-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 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) qudits 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, reprogrammable and non-repeatable Quantum
Random Number Generator and LiDAR 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 Quantum Computing Inc. (the
"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.
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SOURCE Quantum Computing Inc.