HOBOKEN, N.J., Dec. 17, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that the Company has been awarded a prime contract by the National Aeronautics and Space Administration's ("NASA") Goddard Space Flight Center. This contract marks a pivotal step forward for QCi by applying its entropy quantum optimization machine, Dirac-3, to support NASA's advanced imaging and data processing demands.
The contract will apply Dirac-3 to address the challenging phase unwrapping problem for optimally reconstructing images and extracting information from interferometric data generated by radar. QCi will support NASA in its mission to unwrap interferograms at full scale, ultimately enhancing their data quality and accuracy. QCi believes this project will highlight Dirac-3's capabilities in providing superior solutions to non-deterministic polynomial time hard (NP-hard) problems, significantly improving solution quality and computational speed.
"QCi is proud to support NASA in this critical mission to process large volumes of interferometric imaging data more efficiently," stated Dr. William McGann, Chief Executive Officer at QCi. "The project's goal is to demonstrate how QCi's Dirac-3 can address the phase unwrapping problem and allow NASA to compare the results and benefits of QCi's quantum optimization technology with state-of-the-art algorithms running on classical computers."
The outcome of this project, if successful, is expected to produce long-term benefits for NASA, particularly in optimizing big-data processing capabilities and could pave the way for similar applications in other fields where quantum solutions offer speed and quality advantages.
This contract underscores the Company's commitment to advancing next-generation quantum and photonic technologies to tackle complex optimization and computational challenges.
To learn more about how QCi is "putting photons to work" or to explore collaboration opportunities, please visit the QCi webpage.
About Quantum Computing Inc.
Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technology and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.
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. These forward-looking statements, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intended goals of the NASA project and that, if successful, the project "could pave the way for similar applications in other fields." Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including, without limitation, the risks and uncertainties associated with the ability of Dirac-3 to provide a solution to the phase unwrapping problem, and to do so at full scale, as well as risks and uncertainties inherent in QCi's business, including the inability to retain key technical personnel, loss of use of intellectual property, and damage to or loss of access to the Company's primary facility, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
SOURCE Quantum Computing Inc.
