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MUNICH, Sept. 22, 2023 ParTec AG, the leading company in the field of modular supercomputing, announced today that as a result of its years of work in the field of quantum computing, it is positioning itself as a complete integrator of quantum computers. ParTec offers a comprehensive qubit-agnostic solution based on a component-based design. Similar to developments that took place in classical computing, a supply chain ecosystem with companies focussing on individual component technologies is emerging in the quantum space. This development allows ParTec AG to leverage its best-of-breed approach from supercomputing and collaborate with leading technology providers to offer comprehensive quantum complete solutions.

Bernhard Frohwitter, CEO of ParTec AG: Todays solutions for quantum computers are monolithic designs, mostly developed by qubit technology developers. This approach carries substantial risks for customers, in particular in terms of being tied to a specific provider and technology in a market that still is very volatile with respect to players and technologies. ParTec adopts a different, fresh and innovative approach that will lead to a strong market position.

The company aims to launch its first quantum computer in 2024. Dominik Ulmer, Chief Customer Solutions Officer at ParTec: Therefore, we have decided to start a project to establish a production facility for quantum computers in the Greater Munich area. The ParTec Quantum Factory is expected to start operations in the second half of 2024.

The company will initially invest five million euros in the construction of a production facility for assembly and testing of cryogenic and non-cryogenic systems.

Among ParTecs achievements in the field of quantum computing is the development of QBridge, a software solution that enables seamless integration of high-performance and quantum computers, created in collaboration with Quantum Machines, an Israeli developer of quantum control and orchestration products. In addition, ParTec is actively working on expanding its Parastation Modulo software, used in modular supercomputers. This expansion, Parastation Modulo 2.0, aims to bridge the gap to embed quantum computers into modular supercomputers. Furthermore, ParTec will deliver a superconducting complete solution and a cloud-based user access and management software infrastructure for the Israeli National Quantum Initiative (INQI), as well as establish a new laboratory for exploring hybrid quantum computing in collaboration with NVIDIA and the Jlich Supercomputing Centre (JSC).

The second worldwide quantum computer study by the International Data Corporation (IDC) predicts that potential customers spending on quantum computers will increase from 1.1 billion dollars in 2022 to 7.6 billion dollars in 2027, with a compound annual growth rate (CAGR) of 48.1% (2023-2027). The study further states, Quantum computing will revolutionize companies ability to solve some of the most complex challenges.

About ParTec AG:

ParTec AG specialises in the development and manufacture of modular supercomputers and quantum computers as well as accompanying system software. Its services include the distribution of future-oriented High-Performance Computers (HPC) and Quantum Computers (QC) as well as consulting and support services in all areas of development, construction and operation of these advanced systems. The approach of modular supercomputing represents a unique selling point and success feature of ParTec AG. Further information on the company as well as on ParTec AGs innovative solutions in the field of high-performance computing and quantum computing can be found at http://www.par-tec.com.

Source: ParTec AG

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ParTec AG becomes a Complete Integrator of Quantum Computers - HPCwire

Quantum computing has long been promised but has yet to genuinely deliver as a reality. Could the future finally be just around the corner?

In the last few months, IBM, Intel, and other vendors have all announced developments in the world of quantum computing. Intel unveiled its Tunnel Falls 12-qubit silicon-based chip, for example, while IBM announced plans to launch its first European quantum data center and cloud region another step forward for the quantum cloud.

Industry observers would be forgiven for feeling a distinct sense of deja vu regarding the announcements. Over the last decade or so, the technology has fallen victim to the IT hype cycle in the same way as artificial intelligence appears to have today.

However, while the noise of artificial intelligence (AI) has drowned out much of the quantum discourse in the public arena, engineers and scientists appear closer than ever to making the technology do something useful.

Step back from dire warnings quantum technology will render many encryption standards redundant as well as the steal now, crack later threat and one can detect some definite progress on the technology that appears perpetually just a few years away.

Raymond Simmonds, a physicist at the National Institute of Science and Technology, says heshopeful that useful results might show up within the next few years.

However, he also points out a more significant milestone was the point at which a quantum computer could perform a calculation simply not possible with regular classical computers. Thats probably still ten years away, he tells ITPro.

And, of course, that estimate is for a quantum computer designed for a specific task. Simmonds estimates a universal quantum computer one that could be reprogrammed in a similar way to classical computers was still 20 years away.

The issue is one of expectation. Its easy to forget how long ago the first mechanical switches were implemented, before being shrunk to vacuum tubes, then transistors, and finally to ever more densely packed microchips.

I think the difference with quantum computers is the bit itself, explains Simmonds, The mechanical switch was the first bit, and it absolutely worked. Our bits dont completely work.

Simmonds notes challenges around maintaining quantum coherence and error correction before declaring himself more optimistic than others in the field, who believe a practical universal quantum computer is impossible.

Nature published results from an IBM team in June 2023 showing quantum computing outperforming classical computers. The research attempted to simulate the dynamics of spins in a material model and accurately predict properties such as its magnetization.

One issue with quantum computing is how noisy things tend to be, making results less accurate than those obtained from a classical computer. However, the researchers were able to mitigate the errors and demonstrate IBMs Quantum Eagle quantum processor outperforming classical simulations.

We are now entering a new era of utility for quantum computing," said Daro Gil, Senior Vice President and Director of IBM Research.

Chip giant Intel also took a step forward with Tunnel Falls, a 12-qubit silicon chip, which will be made available to the quantum research community.

Jim Clarke, director of Quantum Hardware at Intel, said the plan was to build a full-stack commercial quantum computing system.

By making the technology available to the research community, Intel hopes to improve qubit performance and scalability. The follow-up to Tunnel Falls, already in development, is expected to be released in 2024.

However, as Clarke observes: There are still fundamental questions and challenges that must be solved along the path to a fault-tolerant quantum computer.

Therein lies the rub. While vendors continue to warn of the coming quantum storm Dells CTO issued a stark warning during Dell Technologies World 2023 its actual arrival always seems to be five years or so into the future.

At the other end of the spectrum is Chirag Dekate of Gartner, vice president of research covering quantum, AI, and supercomputing.

Dekate notes the perception that quantum always appears to be five years away, but struck an optimistic tone with the roadmaps being produced by companies such as IBM and Google.

The pace of innovation in the quantum field is, according to Dekate, outpacing that of the last decade. He goes further to predict the next ten years of quantum development would outpace the previous century of innovation.

I'm secretly hoping that the time window for practical exploitation is closer to three to five years, as opposed to ten years, he ssays.

Regardless of the when quantum computing becomes a practical option for businesses, Dekate says enterprises must begin preparing for an inevitable quantum future.

Although Dekate is optimistic technological hurdles can be overcome, he describes the industry as a Wild West, given the lack of standardization between varying quantum computing vendors. Standardizaing software layers, according to Dekate, will becrucial to creating a stable software ecosystem.

Despite technological challenges, such as error correction, Dekate sees a bright future for quantum computing in the near term.

Where its taken classical computing seven decades to reach todays standards, he says, in terms of quantum computing, this is going to happen over the next seven years.

Like we say that every enterprise today is a technology company, every enterprise in the future will be a quantum entity.

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Quantum computing: From 'just a few years away' to an oncoming ... - ITPro

Technology is advancing by leaps and bounds, and quantum computing stocks are poised to get hot. Incredibly, no more than 20 years ago, we were at the beginning of the internet, where we used computers that weighed more than twenty kilos, looked in black and white, and took hours to perform complete processes. Then, a few years later, we have quantum computers that perform incredibly complex processes in a matter of seconds, even if that could take any other device more than two decades to solve. Quantum computers undoubtedly mark a before and after in our lives, our technological advances as humanity, and how we think and solve things. Here, you have the topquantum computing stocksthat are revolutionizing this industry.

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International Business Machines(NYSE:IBM) is a global technology company with a rich legacy in the industry. It offers a wide range of services, from hardware and software to cloud solutions and artificial intelligence, helping businesses worldwide thrive in the digital age.

As for theirfinancialsituation, in the second quarter, they reported revenues of $15.5 billion, with minor fluctuations but remaining relatively stable. Of note were software and consulting revenues increases, signaling strengths in its core offerings. Although infrastructure revenue declined, it is essential to note that IBM is transitioning to cloud services and artificial intelligence.

In addition, IBM improved its gross profit margin, indicating efficient cost management. Net operating cash flow increased year-to-date, indicating financial stability and the ability to invest in research and development.

On the quantum computing front, they have made a significant breakthrough,demonstratingthat quantum computers can produce accurate results with over 100 qubits, surpassing the capabilities of classical supercomputers. This has generated great interest from renowned organizations, positioning IBM as a leader in this field and making it an attractive investment for those looking to benefit from the potential of this emerging technology.

Also, itscollaborationwithTruist Financial Corp(NYSE:TFC) in the IBM Quantum Accelerator program highlights its commitment to applying quantum computing in diverse industries, including banking.

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Alphabet(NASDAQ:GOOG, NASDAQ:GOOGL) is a widely recognized technology powerhouse that houses various businesses, with Google being its standout subsidiary. Alphabet engages in diverse activities, spanning from Internet search, advertising, cloud computing, and hardware development.

What has been turning heads in the investment world is Alphabets foray into quantum computing. Theyve achieved aremarkablefeat in this arena, crafting a quantum computer capable of effortlessly cracking intricate problems within seconds, tasks that would leave conventional supercomputers toiling for decades.

This groundbreaking achievement has ignited excitement for its potential to transform multiple fields, like climate science and drug discovery. The computational prowess of Googles quantum computer is mind-boggling. To put it into perspective, it can outperform a top-tier supercomputer like Frontier by completing a calculation 47.2 years faster, underscoring the sheer might of quantum computing.

Now, lets take a peek at theirfinancialsituation. For the quarter ending on June 30, 2023, showcased steady financial growth. Revenues have surged from $69.7 billion in 2022 to $74.6 billion in 2023, marking a year-over-year growth rate of 7%. When we account for constant currency revenues, which are adjusted to nullify the effects of exchange rate fluctuations, the growth rate shoots up even higher to an impressive 9%.

On the profitability front, they are in a robust position. Operating income has expanded from $19.5 billion to $21.8 billion, boasting a healthy operating margin of 29%. Net income has also increased, climbing from $16 billion in 2022 to $18.4 billion in 2023. This financial stability and growth serve as an enticing proposition for potential investors.

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Microsoft(NASDAQ:MSFT) is all about creating software, hardware, and tech services that make life easier for everyday folks, businesses, and big organizations.

Speaking of theirfinances, they nailed it in the fourth quarter of 2023. They raked in a whopping $56.2 billion in revenue, a solid 8.3% bump compared to the previous year. Their operating income? Well, that went up by a jaw-dropping 18% to hit $24.3 billion, and their net income? It soared 20% to reach $20.1 billion. All this goodness meant that their diluted earnings per share shot up by 21%, landing at $2.69.

Why the big wins? A huge shout-out goes to Microsofts success in the cloud game, especially with their Azure platform. Theyve been throwing their weight behind super cool tech, like quantum computing. Their CEO, Satya Nadella, told the world that theyre all about supercharging chemistry and materials science using quantum computing.

Toprovethey mean business, Microsoft rolled out Azure Quantum Elements. This nifty tool lets scientists dig into chemistry and materials science using quantum computing, with some help from artificial intelligence and high-performance computing.

And if that sounds complex, dont worry about it. Theyve got Copilot on Azure Quantum to make it easier for scientists to tackle those brain-bending chemistry and materials science problems using plain old natural language. It also throws in some handy tools for learning the ropes of quantum computing.

Also, theyclaimtheyve found something called Majorana zero modes. These little particles could be a game-changer for the reliability of qubits in quantum computing. Thus, I believe it is one of the top quantum computing stocks.

As of this writing, Gabriel Osorio-Mazzilli did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Gabriel Osorio is a former Goldman Sachs and Citigroup employee. He possesses discipline in bottom-up value investing and volatility-based long/short equities trading.

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3 Quantum Computing Stocks That Should Be on Every Investor's ... - InvestorPlace

KINGSTON, R.I. Sept. 21, 2023 As part of its quantum computing initiative, the University of Rhode Island will welcome Charles Robinson, worldwide lead of IBMs Quantum Safe Team, to campus for a public lecture. Robinson will give a talk titled From North Philly to Quantum Computing: Lessons Learned Along the Way on Monday, Sept. 25, at 4 p.m. in Edwards Hall.

The path from North Philly to being IBMs worldwide leader of the Quantum Safe Team has not been a straight line, Robinson said. In my presentation, I want to highlight the types of obstacles that I overcame and that many of you will likely experience. More important are the strategies and attitudes that you can employ to overcome hurdles, survive, and excel. No one size fits all but, at the end of the day, there is always a path forward.

As leader of IBMs Quantum Safe Team, Robinson works to develop and implement technologies that will protect data in a post-quantum world. Quantum computerscomputer systems that harness the behavior of matter at the tiniest scalesare expected to be able to perform calculations in seconds that would take years on even the most powerful computers operating today. While that dramatic increase in computing power promises to be an enormous boon for science and industry, it comes with a problem: Most of the encryption schemes currently used to secure data will be rendered obsolete as soon as large-scale quantum systems come online.

The Quantum Safe Team develops new encryption algorithms that will remain robust in the face of quantum computing power. The team also works with governments and companies all over the world to help them prepare for the coming quantum revolution. Doing so is critical to protecting credit card numbers, bank account information, medical records, and all other sensitive information that can be accessed via the internet.

Len Kahn, chair of the URI Department of Physics, says that quantum security represents an immediate area of focus in the coming quantum computing revolution.

All of the data thats on the internet now needs to be secured before quantum computers come online, Kahn said. We need to think about training people now to work on this and other critical problems, which is part of what were hoping to do with the quantum computing initiative at URI.

Kahn says that having Robinson speak at URI is important in part because of his unconventional path to worldwide leadership in the quantum field, as well as his efforts to make sure quantum information science is a career path available to anyone.

Robinson trained as a corpsman in the Navy before transitioning to engineering in community college. He went on to graduate from Howard University and receiving a graduate degree from Johns Hopkins. After working as an engineer and software developer for several large firms, Robinson began working extensively with the defense and intelligence community on issues related to communications and computing. He became the worldwide leader of the Quantum Safe Team in 2020.

Robinson has also worked extensively with Howard Universitys IBM-HBCU QuantumCenter, which aims to prepare and developtalent from historically Black colleges and universities for the quantum future.

The quantum revolution represents both tremendous challenges and opportunities, Kahn said. If were going to meet these challenges and create the workforce of tomorrow, well need to engage communities that have been traditionally underrepresented in scientific fields. Charles is a knowledgeable resource, and we continue to benefit from his experience.

The event is sponsored by the Office of the Provost, the Academic Enhancement Center, and the Department of Physics.

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Leader of IBM's Quantum Safe Team to speak at URI - University of Rhode Island

LEESBURG, Va., Sept. 21, 2023 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the"Company") (Nasdaq: QUBT), an innovative, quantum optics andnanophotonics technology company,announces that it has chosen ASU Research Parkin Tempe, Arizona, as the location for its new quantum photonic chips manufacturing facility, where it will produce its Thin Film Lithium Niobate (TFLN) chips.

Known for its photonic-based quantum solutions, QCi is expanding production with this new facility to accelerate its advanced technology development in nanophotonics and optical chip manufacturing for use in its high-performance computing, machine learning, cyber security, sensing, and imaging products.A characteristic feature of these chips is heightened scalability and performance advantages such as speed, accuracy and ultra low electric power consumption. Lithium niobate nanophotonic circuits (quantum chips) will be used in QCi's products and for general sale in the market as well.

The State of Arizona is one of the nation's leading semiconductor ecosystems, comprised of more than 100 leading tech companies, built upon a long history of advancing the chip industry dating back to the first Motorola lab in the late 1940s. Importantly, Arizona is a driving force in the field of optics as its government leaders were early in the championing of advanced photonic research by supporting strong research universities interested in exploring mission-ready quantum computing and related technologies.

The location QCi chose for its new facility is on five acres within the extensive 320-acre research park hosted by ASU, a global leader in academic microelectronics research and #1 in Innovation according to U.S. News & World Report. The research park currently provides 2.2 million sf. of Class A office and research facilities for more than 6,700 employees and 50 corporations and organizations, including Honeywell, Texas Instruments, Linear Technology, GE Healthcare, Iridium Satellite and the Institute for Supply Management. The selection of this site aims to promote cooperation, creativity and leverage the park's pre-existing infrastructure and skilled workforce.

To date, QCi has placed deposits for the procurement of critical long-lead equipment and paid other expenses associated with the new chip fabrication facility of approximately $2 million. The Company plans to begin the buildout of the facility during fourth quarter 2023. As a lease incentive, the landlord agreed to provide a significant portion of the leasehold improvements needed to develop the fabrication facility. In addition, there are multiple funding sources available for state-of-the-art manufacturing facilities, including state and federal grants and low single-digit interest rate loans. Importantly,QCi believes it is in a strong position to benefit from the CHIPS and Science Act of 2022, which allocated $113.2 billion in federal funding and tax incentives to companies for the development of semiconductor research and manufacturing in the U.S.QCi anticipates that its chip manufacturing will commence operations first half of 2024, initially with singly purposed chipssuch as those physically unclonable functions, electro-optical modulation, quantum entanglement generationand mass-producing quantum photonics chips with complex nanophotonic circuits by late 2024 / early 2025.

"The quantum photonic chip facility is poised to make a significant impact in the United States by becoming the first US-based developer and producer of thin film lithium niobate chips. This accomplishment not only enhances the nation's manufacturing capabilities but also reduces reliance on foreign chip imports," commented Robert Liscouski, QCi's CEO. "The chips, which will be manufactured domestically, are a central part of QCi's technical and commercial growth strategy and will serve as the foundation for a new wave of innovative quantum technologies, spanning fields such as data processing, hybrid computing, cryptography, sensing, and artificial intelligence. This initiative will serve to keep the US as a leading technology provider and will reinforce supply chain security and solidify QCi's position in the nanophotonics and quantum optics industry."

Mr. Liscouski added, "The multiple benefits of locating in Arizona, and at the ASU Research Park in particular, are expected to accelerate the time-to-market of the first products powered by QCI's quantum photonic chips. Expansion into Arizona represents a strategic initiative for the Company. The location was selected due to the State's leadership in the field of optics, its early recognition of the importance of advanced photonic research, and the presence of numerous State and US Government entities interested in exploring mission-ready quantum computing and related technologies."

Mr. Corey Woods, Mayor of Tempe, Arizona commented, "This expansion by QCi holds great potential for Tempe's economic development. By prioritizing the production of lithium niobate chips, QCi is not only creating job opportunities in engineering and manufacturing but is also establishing a pioneering quantum technology sector in the region. This move is set to enhance Tempe's reputation as a technology hub, attracting talent and promoting an environment conducive to innovation."

About Quantum Computing Inc.

Quantum Computing Inc. (QCi) (Nasdaq: QUBT) is an innovative, quantum optics and nanophotonics technology company on a mission to accelerate the value of quantum computing for real-world business solutions, delivering the future of quantum computing, today. The company provides accessible and affordable solutions with real-world industrial applications, usingnanophotonic-based quantum entropy that can be used anywhere and with little to no training, operates at normal room temperatures, low power and is not burdened with unique environmental requirements. QCi is competitively advantaged delivering its quantum solutions at greater speed, accuracy, and security at less cost. QCi's core nanophotonic-based technology is applicable to both quantum computing as well as quantum intelligence, cybersecurity, sensing and imaging solutions, providing QCi with a unique position in the marketplace. QCi's core entropy computing capability, the Dirac series, delivers solutions for both binary and integer-based optimization problems using over 11,000 qubits for binary problems and over 1000 (n=64) qubits for integer-based problems, each of which are the highest number of variables and problem size available in quantum computing today.Using the Company's core quantum methodologies, QCi has developed specific quantum applications for AI, cybersecurity, and remote sensing, including its Reservoir Photonic Computer series (intelligence), reprogrammable and non-repeatable Quantum Random Number Generator (cybersecurity) and LiDAR and Vibrometer (sensing) products. For more information about QCi, visitwww.quantumcomputinginc.com.

About Quantum Innovative Solutions

Quantum Innovative Solutions (QI Solutions or QIS), a wholly owned subsidiary of Quantum Computing Inc., is an Arizona-based supplier of quantum technology solutions and services to the government and defense industries. With a team of qualified and cleared staff, QIS delivers a range of solutions from entropy quantum computing to quantum communications and sensing, backed by expertise in logistics, manufacturing, R&D and training. The company is exclusively focused on delivering tailored solutions for partners in various government departments and agencies.

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 QCi 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.

QCi 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. 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 QCi's Annual Report on Form 10-K and other factors as may periodically be described in QCi's filings with the U.S. Securities and Exchange Commission.

SOURCE Quantum Computing Inc.

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Quantum Computing Inc. Selects Tempe, Arizona as the Site for its ... - PR Newswire