Fully Operational Rigetti QPU Included in UK’s Recently Opened National Quantum Computer Centre
October 30 2024 - 4:05PM
Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing,
Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in
full-stack quantum-classical computing, today announced that the
UK’s National Quantum Computing Centre (NQCC) officially opened the
doors of its landmark facility on Harwell Campus on October 25. The
facility will support world-class quantum computing research and
provide state-of-the-art laboratories for designing, building, and
testing quantum computers. Rigetti’s system located at the NQCC is
a fully operational 24-qubit Ankaa™-class quantum computer,
featuring tunable couplers and a square lattice for fast gate
times, enhanced connectivity, and high fidelity. As part of the
implementation, Rigetti will be integrating Riverlane’s technology
with the long-term objective of large-scale error correction.
In February 2024, Rigetti was awarded a Small Business Research
Initiative (SBRI) grant delivered by Innovate UK and funded by the
NQCC to deliver a quantum computing system based on the Company’s
Ankaa-class architecture to the new facility. The 24-qubit system
will be made available to NQCC researchers for testing,
benchmarking, and exploratory applications development.
Rigetti CEO Dr. Subodh Kulkarni and CTO David Rivas attended the
official inauguration to celebrate the milestone.
“The NQCC opening is a great occasion for both the UK and
Rigetti. We are proud that Rigetti’s on-premises quantum computer
is fully operational for the NQCC research team to pursue critical
research to advance our understanding of how to use quantum
computing to solve real-world problems,” says Rigetti CEO Dr.
Subodh Kulkarni.
About RigettiRigetti is a pioneer in full-stack
quantum computing. The Company has operated quantum computers over
the cloud since 2017 and serves global enterprise, government, and
research clients through its Rigetti Quantum Cloud Services
platform. The Company’s proprietary quantum-classical
infrastructure provides high performance integration with public
and private clouds for practical quantum computing. Rigetti has
developed the industry’s first multi-chip quantum processor for
scalable quantum computing systems. The Company designs and
manufactures its chips in-house at Fab-1, the industry’s first
dedicated and integrated quantum device manufacturing facility.
Learn more at www.rigetti.com.
Rigetti Computing Media
Contact:press@rigetti.com
Cautionary Language Concerning Forward-Looking
StatementsCertain statements in this communication may be
considered “forward-looking statements” within the meaning of the
federal securities laws, including but not limited to, expectations
related to the Company’s 24-qubit Ankaa-class system operating at
the UK’s National Quantum Computing Centre, including the results
of researchers testing, benchmarking and performing exploratory
applications development on that system, and the SBRI grant to the
Company from Innovate UK. These forward-looking statements are
based upon estimates and assumptions that, while considered
reasonable by the Company and its management, are inherently
uncertain. Factors that may cause actual results to differ
materially from current expectations include, but are not limited
to: the Company’s ability to achieve milestones, technological
advancements, including with respect to its technology roadmap,
help unlock quantum computing, and develop practical applications;
the ability of the Company to obtain government contracts
successfully and in a timely manner and the availability of
government funding; the potential of quantum computing; the ability
of the Company to expand its QPU sales; the success of the
Company’s partnerships and collaborations; the Company’s ability to
accelerate its development of multiple generations of quantum
processors; the outcome of any legal proceedings that may be
instituted against the Company or others; the ability to maintain
relationships with customers and suppliers and attract and retain
management and key employees; costs related to operating as a
public company; changes in applicable laws or regulations; the
possibility that the Company may be adversely affected by other
economic, business, or competitive factors; the Company’s estimates
of expenses and profitability; the evolution of the markets in
which the Company competes; the ability of the Company to implement
its strategic initiatives, expansion plans and continue to innovate
its existing services; the expected use of proceeds from the
Company’s past and future financings or other capital; the
sufficiency of the Company’s cash resources; unfavorable conditions
in the Company’s industry, the global economy or global supply
chain, including financial and credit market fluctuations and
uncertainty, rising inflation and interest rates, disruptions in
banking systems, increased costs, international trade relations,
political turmoil, natural catastrophes, warfare (such as the
ongoing military conflict between Russia and Ukraine and related
sanctions and the state of war between Israel and Hamas and related
threat of a larger conflict), and terrorist attacks; and other
risks and uncertainties set forth in the section entitled “Risk
Factors” and “Cautionary Note Regarding Forward-Looking Statements”
in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2023, the Company’s Form 10-Q for the three months
ended June 30, 2024, and other documents filed by the Company from
time to time with the SEC. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and the Company
assumes no obligation and does not intend to update or revise these
forward-looking statements other than as required by applicable
law. The Company does not give any assurance that it will achieve
its expectations.
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