Investor relations
Quantum Computing Inc.
NASDAQ: QUBT CUSIP: 74766W108
Shareholder Update
From the Desk of the Chief Executive Officer
From: William McGann, Ph.D.
Office of the Chief Executive
August 1, 2024
Dear Shareholders,
Having been the CEO at Quantum Computing Inc. (QCi) since February, I believe it is important to share our progress and some of the changes that we have implemented over the past six months. Our objective is to unlock the true value of QCi’s technology and to maintain the passionate focus of the business team. I am increasingly enthusiastic about QCi’s opportunity to disrupt the high-performance computing market with technology advantages that are available in our products today. We are driving a robust technology platform development program that will leverage new optical integrated circuits that should dramatically improve the speed and reduce the energy consumption of our products.
It is our firm belief that this will enable us to compete in the high-performance computing and artificial intelligence/machine learning (AI/ML) market segments given their ever-increasing demand for speed and energy efficiency. We are focused on creating an early mover advantage in some of the fastest growing market segments in technology today, including high-performance computing, AI/ML, and remote sensing. I am excited to share our team’s increasing confidence that our strategy will provide sustainable growth and establish us as a true leader in the emerging markets that will demand quantum technology...
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FAQs
What is the value of QCi with QPhoton?
The combination of QCi and QPhoton delivers the first ready-to-run broadly accessible and affordable quantum photonic systems (QPS) that can be used by non-quantum experts, anywhere, for real-world business applications.
Qatalyst is a ready-to-run quantum optimization software that can be used to solve complex computations by today’s business experts and programmers, with no need for an elite workforce trained in highly specialized, complex and expensive quantum dev development for algorithms, software and orchestration. Qatalyst also delivers vendor-neutral access to a wide range of QPUs and CPUs with no hardware/vendor lock-in.
QPhoton’s QPU is a ready-to-run photonic system that delivers a dramatically lower, highly affordable TCO-Q, enabling a much broader range of deployment scenarios by today’s business users. These QPUs can be deployed anywhere, run at room temperature, are stable in most environments and maintain coherence. Contrast this to early NISC QPUs that require supercomputer-like TCO-Q and deployment due to hyper-cooling, instability wrt environmental interference and issues with decoherence.
What value does QCi deliver to the market?
The blending of Qatalyst and QPhoton dramatically expands QCi’s addressable market for quantum computing, enabling a diverse set of businesses to be able to afford and use quantum computers. This accelerates and expands quantum adoption beyond today’s expensive and highly specialized quantum computers from alternative vendors.
QPhoton brings innovative photonic quantum computers to QCi. They flexibly process as a Photonic QC, a Gate Model QC or as an annealing QC. This enables QCi to solve a wide range of quantum problems for a variety of applications with a ready-to-run, significantly lower cost quantum system.
Why would a software company buy a hardware company?
The blending of Qatalyst and QPhoton dramatically expands QCi’s addressable market for quantum computing, enabling a diverse set of businesses to be able to afford and use quantum computers. This accelerates and expands quantum adoption beyond today’s expensive and highly specialized quantum computers from alternative vendors.
QPhoton brings innovative photonic quantum computers to QCi. They flexibly process as a Photonic QC, a Gate Model QC or as an annealing QC. This enables QCi to solve a wide range of quantum problems for a variety of applications with a ready-to-run, significantly lower cost quantum system.
What is Quantum Computing Inc.’s stock symbol?
Our stock is traded on NASDAQ under the symbol QUBT.