Quantum Computing Inc. Joins the Center for Quantum Technologies at Purdue University

Supports NSF-backed Science and Industry Coalition to Advance Quantum Technology Research and Commercialization

LEESBURG, Va., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (the “company” or “QCI”) (Nasdaq: QUBT) has joined the Center for Quantum Technologies (CQT), a National Science Foundation (NSF)-backed research program. As announced last month, CQT is a planned NSF Industry/University Cooperative Research Center (IUCRC) comprising four Indiana academic partners, including lead institution Purdue University. It relies on quantum computing organizations such as QCI to help develop novel and commercial-ready quantum technologies that address significant industry challenges.

The news is the latest QCI initiative to advance practical solutions and simplify quantum access for those studying in the field and pioneering new work. QCI’s recently announced QUBT U program focuses on teaching students how to structure and submit complex optimization problems to quantum systems. Students get hands-on experience with Qatalyst™ ready-to-run quantum software, as well as educational coursework and webinars.

The CQT founding academic partners include Purdue University, Indiana University Bloomington, the University of Notre Dame, and Indiana University Purdue University-Indianapolis (IUPUI). QCI is joining Cummins, the Entanglement Institute (ei), and others as the first committed industry members of the CQT. Committed industry and government members will provide funding to the center’s researchers and will obtain early access to findings applicable to their organizations.

“As a member of the Center for Quantum Technologies, QCI will accelerate the development of a quantum workforce by sharing Qatalyst’s powerful yet simple-to-use technology to eliminate the complexity, cost, and lengthy development time for quantum programming,” said Rebel Brown, VP of Strategy & Marketing for QCI. “The CQT is an important initiative led by world-class academic institutions and we are excited to be working with them. QCI’s mission is to democratize quantum computing so that all users can easily access its power. CQT allows more non-quantum users to adopt Qatalyst and expand our user base.”

The overarching vision of the CQT is to bring together multidisciplinary experts in academia, industry, and government in a self-sustaining, collaborative venture facilitating the transfer of fundamental research discoveries in quantum science and engineering to novel, commercial-ready technologies. The CQT comprises quantum engineering and science researchers from partner institutions who will develop and transfer foundational knowledge into industry-friendly quantum devices, systems, and algorithms with enhanced functionality and performance. Additionally, the CQT will help train the next generation of quantum scientists and engineers to fill the need for a robust quantum workforce.

“We are excited to collaborate with QCI, an innovative company that is making great strides in quantum software, and opening access to quantum computing,” said David Stewart, Managing Director of Purdue Quantum Science and Engineering Institute and Industry Liaison Officer of the CQT. “We expect their partnership to be integral in our efforts to develop and apply commercial-ready technologies.”

For more information about the CQT, visit www.purdue.edu/cqt/. For more information about QCI, visit 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.
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