Project to Demonstrate Applied Quantum Computing for Real-World Problem Solutions
RICHMOND, Va. and LEESBURG, Va., Oct. 05, 2022 (GLOBE NEWSWIRE) — The Virginia Innovation Partnership Corporation (VIPC) announced today a partnership with Quantum Computing Inc. (QCI) (NASDAQ: QUBT), a Virginia-based emerging leader in accessible quantum computing, to determine optimal flight trajectories for unmanned aerial vehicles leveraging QCI’s Path to Quantum consulting, Qatalyst™ software, and Quantum Photonic Systems hardware.
QCI will apply its quantum photonic systems to a critical risk-management use case involving the selection of flight trajectories for unmanned aerial vehicles. Under this effort QCI will identify the optimal time, speed, and route for drone aircraft to traverse among destinations, while satisfying airspace constraints and minimizing risks related to weather, obstacles, and other aircraft through the use of QCI’s Entropy Quantum Computing (EQC) systems.
Risk-based decision making is a real-world problem identified as a key strategic priority by the Federal Aviation Administration. QCI’s Entropy Quantum Computing systems are well-suited to solving complex optimization problems, and show the potential to quickly identify optimized flight paths that minimize costs and in-flight risks.
VIPC is the nonprofit commercialization and seed stage economic development driver in the Commonwealth that leads funding, infrastructure, and policy initiatives to support Virginia’s innovators, entrepreneurs, startups, and market development strategies. VIPC collaborates with local, regional, state, and federal partners to support the expansion and diversification of Virginia’s economy and at the development of emerging technologies like quantum computing within the Commonwealth of Virginia to improve competitiveness and attract more commercial opportunities to the state.
As a 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 hub focused on providing authoritative state and local data in support of unmanned aerial systems. VIPC sees these components as key leading-edge technologies for advanced air mobility in Virginia.
“Our partnership with Virginia-based company QCI is designed to test and discover the impact of quantum computing solutions on complex problems,” said David Ihrie, CTO and VP for Strategic Initiatives at VIPC. “Emerging technology will require faster, more efficient quantum computing solutions. We are working to ensure Virginia is prepared for safe and efficient technology integration.”
“VIPC and the Commonwealth of Virginia have demonstrated their technology leadership with this project, focusing on real world problems involving quantum computing. QCI is excited about the opportunity to partner with VIPC on this project,” stated Robert Liscouski, CEO of QCI. “QCI is eager to demonstrate that quantum computing offers business solutions for today’s problems, not just in the sense of computing power, but in other applications including LiDAR and quantum networks.”
About Virginia Innovation Partnership Corporation (VIPC)
Connecting innovators with opportunities. The nonprofit operations arm of the Virginia Innovation Partnership Authority (VIPA), VIPC is the commercialization and seed stage economic development driver in the Commonwealth that leads funding, infrastructure, and policy initiatives to support Virginia’s innovators, entrepreneurs, startups, and market development strategies. VIPC collaborates with local, regional, state, and federal partners to support the expansion and diversification of Virginia’s economy.
Programs include: Virginia Venture Partners (VVP) | Virginia Founders Fund (VFF) |Commonwealth Commercialization Fund (CCF) | Smart Communities | Unmanned Systems | Entrepreneurial Ecosystems | Regional Innovation Fund (RIF) | Federal Funding Assistance Program (FFAP) for SBIR & STTR | University Partnerships | Startup Company Mentoring & Engagement. For more information, please visit www.VirginiaIPC.org. Follow VIPC on Twitter, LinkedIn, and Facebook.
About Quantum Computing Inc.
Quantum Computing Inc. (QCI) (NASDAQ: QUBT) is a full-stack quantum software and hardware company on a mission to accelerate the value of quantum computing for real-world industry applications, delivering the future of quantum computing, today. The combination of QCI’s flagship ready-to-run software product, Qatalyst with its industry-leading Entropy Quantum Computing (EQC) system, Dirac 1, provides a broadly accessible and affordable enterprise quantum solution capable of solving real business problems now. QCI’s expert team in finance, computing, security, mathematics and physics has over a century of combined experience with complex technologies; from leading edge supercomputing, to precision sensors and imaging technology, to the security that protects nations. For more information about QCI, visit www.quantumcomputinginc.com.
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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.
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