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Quantum Computing Inc. Enters 3-Year Agreement with Los Alamos National Laboratory in Exascale & Petascale Simulations

·5-min read

Partnering to Solve Real World Graph Partitioning and Data Decomposition Problems that are Critical for National Security and more

LEESBURG, Va., June 14, 2021 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (QCI) (OTCQB: QUBT), the leader in bridging the power of classical and quantum computing, today announced a three-year cooperative research and development agreement (CRADA) with Los Alamos National Laboratory (Los Alamos), a U.S. Department of Energy (DOE) multidisciplinary research institution and renowned computing pioneer. QCI will collaborate with Los Alamos scientists through its administrator, Triad National Security, LLC, on a key component of large-scale simulations that are critical for a range of high-value, real-world applications, including national security.

The cooperation is focused on deriving specifications for solving next-generation graph partitioning problems and evaluating current and future graph-partitioning algorithms implemented in QCI’s Qatalyst™ quantum software, enabling more efficient petascale (1015 floating point operations per second or petaFLOPS) and, eventually exascale (1018 FLOPS), simulations.

These kinds of simulations are decomposed to run on a computational grid employing millions of processors in configurations where avoidance of unnecessary communication of data is essential to achieving high sustained performance. QCI’s technology focuses on the decomposition and partitioning of graphs that represent the supercomputing grid, preventing computational load imbalances, while assuring the desired performance and results.

QCI’s Qatalyst quantum software will be used to process Los Alamos’ computational meshes via a focus on hybrid classical/quantum algorithms. Achieving petascale and especially exascale simulations requires larger meshes that can benefit from QCI’s recently announced QGraph™ graph-analytic capabilities. The collaboration will exercise quantum processor units (QPUs) in concert with classical processors to partition large graphs more optimally, after automatically converting graph partitioning problems to the more general constrained-optimization form. The hybrid work will initially be done with D-Wave annealing-based QPUs, and eventually include gate-model QPUs via algorithms such as the Quantum Approximate Optimization Algorithm (QAOA).

“It is a privilege and great opportunity to work with an esteemed institution and computing trailblazer such as Los Alamos,” said Robert Liscouski, CEO of QCI. “We are honored to be a trusted advisor and partner in solving problems that are of such critical importance.”

QCI’s Qatalyst software is quantum-enabled and runs seamlessly across both classical and quantum computers. It eliminates the need for complex quantum programming, empowering subject matter experts (SMEs) to solve problems by leveraging the power of quantum-ready computational software on classical processors.

“Los Alamos National Laboratory is committed to supporting R&D at the frontier of quantum information sciences to enable responsive solutions for emerging national security needs,” said Irene Qualters, Associate Laboratory Director for Simulation and Computation and leader of Los Alamos’ quantum computing research and development. “There are many interesting problems that require a quantum-classical approach. QCI’s Qatalyst cloud software application provides the classical side to allow us to run larger problems and orchestrate the use of quantum devices in the process, extending the use of quantum computing to solving larger optimization problems.”

To learn more about QCI, visit www.quantumcomputinginc.com.

About Quantum Computing Inc.
Quantum Computing Inc. (QCI) (OTCQB: 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™ and QGraph™ are trademarks of Quantum Computing Inc. All other trademarks are the property of their respective owners.

Company Contact:
Robert Liscouski, CEO
Quantum Computing, Inc.
+1 (703) 436-2161
Email Contact

Investor Relations Contact:
Ron Both or Grant Stude
CMA Investor Relations
+1 (949) 432-7566
Email Contact

Media Relations Contact:
Seth Menacker
Fusion Public Relations
+1 (201) 638-7561
qci@fusionpr.com


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