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LEESBURG, Va., March 21, 2023 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (QCI or the Company) (NASDAQ: QUBT), a first-to-market full-stack photonic-based quantum computing and solutions company, today announced the second appointment to its Technical Advisory Board launched on February 2, 2023. Effective immediately, Dr. Brian LaMacchia, joins US intelligence community veteran and technology strategist The Honorable James (Jim) Simon, Jr who heads the Board with the mission to guide and advance the strategic evolution of QCIs technology while ensuring effective commercialization of product rollouts.

Brian LaMacchia recently retired from Microsoft Corporation where he was a Distinguished Engineer and head of the Security and Cryptography team within Microsoft Research. Before retiring, his teams main project was the development of quantum-resistant public-key cryptographic algorithms and protocols. Dr. LaMacchia was also a co-founder of the Microsoft Cryptography Review Board and consulted on security and cryptography architectures, protocols, and implementations across the company. Prior to joining Microsoft Research in 2009, Dr. LaMacchia was the Architect for cryptography in Windows Security, Development Lead for .NET Framework Security and Program Manager for core cryptography in Windows 2000. Dr. LaMacchia began his career as a Senior Member of the Technical Staff in the Public Policy Research Group at AT&T LabsResearch.

Dr. LaMacchia is an Adjunct Associate Professor in the Luddy School of Informatics, Computing and Engineering at Indiana University-Bloomington and an Affiliate Faculty member of the Paul G. Allen School of Computer Science and Engineering at the University of Washington. Dr. LaMacchia is also currently Treasurer of the International Association for Cryptologic Research (IACR), a member of the Computing Community Consortium (CCC) Council, and, a member of the National Academies Forum on Cyber Resilience. He is also a Vice President of the Board of Directors of the Seattle Opera and was formerly on the Board of the Seattle International Film festival (2009-2019) where he served as Board President (2015- 2016). Currently, he is co-owner of an independent film production company, Farcaster Films. Dr. LaMacchia received S.B., S.M., and Ph.D. degrees in Electrical Engineering and Computer Science from MIT in 1990, 1991, and 1996, respectively. Dr. LaMacchia is a well published author and is inventor or co- inventor on 35 issued U.S. patents, multiple international patents, and numerous in-process patent applications.

Dr. LaMacchia commented, There is a worldwide transition currently underway towards quantum resistant public-key cryptography. The US government recently announced its first set of quantum- resistant cryptographic algorithms for standardization, and they along with foreign governments and industry are now actively working on updating widely used security protocols to include these new algorithms. Advances in quantum computing are accelerating, and photonic quantum systems are proving to be the most promising with near term positive impact on the security of our existing classical systems. It is my opinion that photonic quantum technologies are the preferred methodology due to its speed, complex solving capabilities, ability to execute today within a conventional environment, and importantly, significant security advancements. I consider QCI to be the most developed participant in this discipline with a clear path towards commercialization of multiple product launches. I look forward to advising QCI on the development and strategic positioning of this vital, timely technology, including its many applications to cryptography and computer security.

Robert Liscouski, CEO of Quantum Computing, Inc. welcomed Dr. LaMacchia to the QCI team and stated, To have the caliber of people joining us such as Dr. LaMacchia is a testament to the bright future of QCI and the work we have been doing in quantum computing in general and quantum cyber security applications, specifically. It is imperative that we stay in the forefront of all the advances in quantum methodologies to ensure total network security with zero data compromise for all upcoming enhancements in computing capabilities. We believe that our photonic quantum approach gives us a significant lead and agility to react to industry developments while our advisory team provides us with market intelligence as well as sound strategies to successfully navigate the rapidly emerging opportunities for our products and services. Dr. LaMacchia is a highly active thought leader in all levels of computer security, well versed in commercial trends and best practices. I welcome his insights, advise, and network.

Mr. Liscouski went on to state, The market is recognizing that photonic quantum computing is achieving the goals envisioned for the general quantum computing market much sooner than the more conventional approaches. QCIs photonic quantum computing capabilities with its Diraq1 Entropy Quantum Computer are demonstrating business value today. We have commercial contracts and proofs of concept solving problems dealing with bank fraud, energy optimization, sensor optimization, traffic optimization for unmanned aerial vehicles, etc. However, QCI is more than just a quantum computing company. Our quantum photonic technologies have the ability to address quantum medical imaging, quantum LiDAR, quantum communications, quantum network, and of course, quantum cyber security, which is Dr. LaMacchia s area of expertise. QCI is becoming a market leader in quantum photonic technologies, and we believe that over the next several months our commercialization efforts will result in real contracts both in the private sector and the government. We are looking forward to elaborating on these opportunities at the close of our quarter later this month.

For additional information on the companys suite of solutions, please visit our website or contact our team directly.

About Quantum Computing Inc.

QCI is a full-stack quantum software and hardware 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 is on a path to delivering an accessible and affordable full-stack solution with real-world industrial applications, using quantum entropy, which can be used anywhere and with little to no training. QCIs experts in finance, computing, security, mathematics and physics have over a century of experience with complex technologies ranging from leading edge supercomputing to precision sensors and imaging technology, to the security that protects nations. For more information about QCI, visit http://www.quantumcomputinginc.com.

About Quantum Innovative Solutions

QIS, a wholly owned subsidiary of Quantum Computing Inc., is a newly established 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 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.

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 Companys Annual Report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may periodically be described in the Companys filings with the SEC.

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US-based cyber security company Menlo Security announced its expansion in India market by launching a regional Centre of Excellence (CoE) based in Bangalore. The company also plans to hire engineers in the country without revealing any specific number and said that it will roll out cutting-edge cyber security products for its global market from this hub.

The company founded in 2013 by three cyber security veterans Amir Ben-Efraim, Gautam Altekar and Poornima DeBolle, said that with close to 10% of its global staff based in Bangalore, the CoE serves as an R&D facility for new technologies, and as a support hub for customers in the Asia Pacific (APAC) region and around the globe. It also has a number of clients in the region across industries such as banking, airlines, and technology, the company said without mentioning any name.

The company said that it is growing at approximately 20% year-on-year in the region. Menlo is at a very exciting stage of its growth, and India is an important part of our growth story, Poornima DeBolle, Menlo Securitys Co-Founder and Chief Product Officer, who is in India to officially open the Centre of Excellence, said.

She added that the company is making significant investments in this market with a multi-functional product team of R&D, security research, cybersecurity training, and global customer support and professional services.

DeBolle also said that in addition to tapping into the incredible talent in India for product development, the company is excited about bringing its market-leading Isolation Platform to this market to help with cybersecurity challenges created by increased Internet penetration.

We see an increase in Highly Evasive Adaptive Threats (HEAT) targeting Indian companies and governments. We look forward to partnering with leading cybersecurity channels in India to deliver protection against web and email threats, she said.

Explaining the term in a whitepaper published by Menlo Security last month, the company said, HEAT attacks are a class of cyber threats targeting web browsers as the attack vector and are used to deliver malware or to compromise credentials, that in many cases lead to ransomware attacks.

DeBolle further informed, Our aim is to develop products in India. The growth of internet penetration in the country has created its own challenges as it means more people working in the web browser and a new breed of attackers and threats. For us, it is an opportunity to recruit and work with the very best talent and bring to market best-of-breed products.

Notably, one of its products, Menlo Private Access (MPA), launched in 2022, was the first product to be developed in India. It offers a zero-trust approach with fast, seamless access to internal applications without relying on legacy virtual private network (VPN) services.

The company has claimed that the new solution helps secure web applications from untrusted users and endpoints without impacting employee productivity, and also isolates threats before they reach the end user.

The Indian cyber security market is growing rapidly in India and spending on security in the country by businesses and governments is forecast to total $2.65 billion in 2023, an increase of 8.3% from 2022, according to a report published in February by market research firm Gartner.

The increase in adoption of digitalisation, cloud applications and the rise in remote workers exposes Indian organisations to greater security risks, said Rustam Malik, Senior Principal Analyst at Gartner. He added that in addition, growing concerns on the rising number of ransomware attacks coupled with stringent government measures on digital data protection and security breach reporting are pressing companies to increase their security spending in the next one year.

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Menlo Security opens new CoE in Bengaluru; to launch new ... - TechCircle

If quantum computers are going to become a commercial thing sometime down the road and theres a lot of money and time going into the effort to make them viable for use by HPC organizations and enterprises its increasingly likely that it will be in combination with classical computers. Essentially the workloads that can be done through quantum computer will run on quantum computers; the rest will stay on high-end classical supercomputers.

The systems will be tightly integrated to not only quickly and efficiently move the applications between them but also to address everything from quantum error correction to calibration control to hybrid algorithms. In many ways it becomes an acceleration issue, which is at the core of Nvidias DNA.

We have the shared perspective of quantum machines at Nvidia and I think with most of the community that quantum is never going to be quantum-only, Tim Costa, director of HPC and quantum at Nvidia, tells The Next Platform. We mean it in two ways. The first is that applications will continue to run large portions of what they do on CPUs as they do today, on GPUs as they do today, for the parts of applications best suited to those. But as quantum processors become more and more capable, some algorithms that can transformatively be accelerated by a quantum processor will move over to a quantum processor. But all these units need to be working together.

Right now, quantum is a research play. Commercialization is coming, though, Costa says. To run a useful quantum computer, the classical computing side needs to be at a petascale level, in part because such a quantum computer will need to be fault-tolerant, which is going to require hundreds of thousands of perfect logical quantum bits, or qubits, Costa says. Also, it will take more than a dozen parameters to calibrate per qubit independently.

Leaders in the field have been turning to AI methods and graph neural networks to do that work, which are obviously very well-suited to accelerate computing, he says. All that is to say that what we need to be able to do is to really couple large-scale GPU-accelerated supercomputing to quantum computing to both accelerate applications in a transformative manner but also to actually run those quantum computers.

At GTC 2023 this week, unveiled DGX Quantum, a system powered by Nvidias AI- and HPC-focused Grace-Hopper Superchip and CUDA Quantum open-source programming model and including startup Quantum Machines OPX+ quantum control platform to work in a quantum-classical environment. The co-designed system more easily connects Nvidias GPUs to a quantum computer to do error correction at extremely high speeds, Nvidia founder and CEO Jensen Huang said during his GTC keynote.

Error correction over a large number of qubits is necessary for recovering data from quantum noise and decoherence, Huang said.

The Grace-Hopper system an integration of Nvidias Grace CPU and Hopper GPU is connected to OPX+ via PCIe interconnect, enabling a sub-microsecond latency between GPUs and quantum processing units (QPUs) on the quantum system. Reducing latency between the classical and quantum systems is key Costa says. Some groups are looking at Ethernet, but the overall roundtrip between the quantum and classical is slower or as fast than whats needed to do quantum error correction, which leaves no time for actual compute, Costa says.

You can move the data back and forth, but youve done nothing with it in time, he says. Not particularly useful. With this system, we were able to get it down to 400 nanoseconds, which is two orders of magnitude better than Ethernet.

Grace-Hopper is about speed and scale, with Nvidia saying it delivers up to 10 times higher performance for complex workloads handling terabytes of data. OPX+ is aimed at accelerating the performance of QPUs and quantum algorithms and, like Grace-Hopper, can be scaled depending on need.

This is scalable in both directions, Costa says. You can add more OPX+ when you have to control more qubits on a larger quantum system [and] you can add more Grace-Hopper nodes in order to scale up your GPU compute. You can also couple this system to your existing and very accelerated supercomputing infrastructure. It can also be that gateway to what youve already built in terms of adding quantum acceleration to your system.

The power needed in the classical computing part of this hybrid environment is important to ensure the quantum computing side can do what it needs to do. The problem of error correction for qubits is complex, but there is a lot of work that needs to be done simply to prepare for the quantum system.

If you have a million qubits and 12 parameters to independently optimize per qubit, thats going to take a heck of a lot of horsepower as well, Costa says. There is that classical compute requirement. I dont know that I think itll be exascale per QPU, that feels pretty large, but it is significant. Its a great opportunity for Nvidia here, which is one of the reasons were chasing it in this collaboration.

Its also important to remember that quantum computers are meant to solve problems that cant be solved now with classical systems, Itamar Sivan, co-founder and CEO of Quantum Machines, tells The Next Platform.

Youre saying, Well, it sounds quite crazy. We need so much classical compute power to just drive a single quantum processor. It sounds unreasonable, Sivan says. But on the other hand, this goes back to what were here to do. Quantum computers are not meant to take problems that were solving today and then solve them faster.

Nvidia also released CUDA Quantum for building quantum applications in C++ and Python that initially went into private release in July 2022 under the name QODA and is now open source. They rebranded it after getting tired of explaining what QODA was, Costa says. Its again for hybrid classical-quantum environments to enable integration and program of QPUs, GPUs, and CPUs in a single system.

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Preparing For Upcoming Hybrid Classical-Quantum Compute - The Next Platform

Today, when researchers set out to design new drugs for diseases like cancer or Alzheimers, they know the process will be slow and sporadic at best. Traditional approaches to scientific research face bottlenecks arising from the process, cost, and complexity of the work, along with the amount of time it takes for classical computers to analyze massive amounts of data.

But what if instead of attempting to discover and design new drugs and medicines using simple binary digits, we could use something that dramatically changes how we analyze data and what can be discovered from it? Something that could bring new therapies and cures much faster to patients in need.

Technological advances lead to conceptual leaps in knowledge and the discovery of previously unimagined new paradigms. Thats one of the promises of quantum computing, a rapidly emerging technology that harnesses the laws of quantum mechanics to explore problems that are too complex for classical computers to solve. Quantum computers hold the potential to run vast simulations to design better drugs and treatments at breathtaking speeds.

When most Americans learn about technologies like quantum computing, they probably assume that it comes from Silicon Valley. After all, were accustomed to innovation taking the form of digital apps and platforms designed by programmers who work in front of a keyboard. That model has produced countless advancements in recent yearsbut it isnt the only way groundbreaking progress can be made.

The truth is that many of our most vital breakthroughs in health and medicine have emerged not from the coasts, but from the heartlandwhere, for more than a century, Cleveland Clinic has stood at the forefront of innovation. From discovering serotonin in the 1940s and pioneering bypass surgery in the 1960s to identifying how the microbiome benefits human health in the past decade, Cleveland Clinic teams of researchers and clinicians have investigated the problems of our patients and innovated solutions.

These discoveries have impacted health care. But they have come with a steep cost: Time. On average, it takes more than 15 years for a scientific discovery in a biomedical research lab to become a tangible therapy or diagnostic test available to patients. Not to mention, this process can take up to $100 million. With emerging technologies such as quantum computing, artificial intelligence, and cloud, we can change this. What once took decades could now be achieved in months and can become more affordable and less time-intensive for research teams.

Thats why IBM is partnering with Cleveland Clinic to introduce the first quantum computer ever deployed on site in the private sectorand the first in the world dedicated to biomedical and health research. Unveiled this week at its permanent home on Cleveland Clinics campus in Ohio, IBM Quantum System One is part of a groundbreaking effort to significantly speed up the pace of scientific breakthroughs.

For researchers at Cleveland Clinic, it means the chance to develop more precise, targeted, and effective medicinesand more accurately predict which patients will encounter life-threatening and chronic diseases.

For people across the country, it means the potential to make major leaps forward in the fight against complex diseasesand a new technology platform that can serve as a model for every region to make breakthroughs of their own.

For Clevelanders and Northeast Ohioans, it means well-paying jobs in cutting-edge fields. It strengthens the citys position as a globally recognized hub of innovation. And it sends a clear message to the nation and the world that the American heartland is a place where the future is being written.

We dont yet know precisely which breakthroughs quantum computing will help us achieveand which medicines, models, vaccines, and therapies they could make possible.

But we do know that by working to dramatically reduce the time it takes to investigate the most complex mysteries of human health, this effort will close the gap between imagination and discoverybetween the impossible and the possible. Quantum and other advanced computing technologies will help us expedite progress toward new treatments and cures for our patients.

We are grateful to the city of Cleveland, the state of Ohio, and all of the local, state, and national leaders who have made this work possible by investing in pioneering research and in our scientific infrastructure.

We are excited to embark on this journey of discoverydelivering more jobs to the heartland, more opportunities to the nation, and more medical breakthroughs to the world.

Serpil Erzurum, M.D., is Cleveland Clinics chief research and academic officer. Daro Gil is IBMs SVP and director of research.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs ofFortune.

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IBM and Cleveland Clinic are deploying the first on-site quantum computer in health care as tech promises to accelerate scientific breakthroughs -...

D-Wave Quantum Inc is being warned by the New York Stock Exchange that it no longer complies with the regulations that govern listed businesses because its share price has been sitting under $1 for 30 trading days.

The Notice of Non-Compliance specifically Section 802.01C of the Exchange's Listed Company Manual hit the business's desk on March 15, the quantum company confirmed late yesterday.

This does not mean common stock in D-Wave Quantum will be delisted immediately. The business said it had told the NYSE that it "intends to cure the stock price deficiency and to return to compliance."

In a statement it adds that it has six months following the NYSE notice to "regain compliance" but its stock will need to be priced at higher than at least $1 for a 30-day trading period.

If D-Wave Quantum decides the actions it needs to take require shareholder approval, it'll need to tell the NYSE.

"The company intends to consider available alternatives, including but not limited to a reverse stock split, that are subject to shareholder approval," D-Wave says.

Founded in 1999, D-Wave has built itself around a type of quantum computer called a quantum annealing system but more recently started to develop its own quantum gate tech. It has developed five generations of systems so far. Customers include VM, Lockheed Martin and Accenture.

Revenue for the nine months ended 30 September 2022 was $4.8 million, up 24 percent year-on-year, and it recorded a net loss of $37.9 million versus a net loss of $17.7 million, not helped by surging operating expenses.

D-Wave was listed on the NYSE last year after merging with DPCM Capital, a special purpose acquisition company, and is the second such business trying to build a quantum computer to fall foul of stock market regulations.

Startup Rigetti confirmed in February that it was facing a delisting from the Nasdaq because its share price had fallen below the $1 mark, meaning it too was out of compliance with the rules. Rigetti revealed at the time it was also chopping one in four staff to cut costs and had revised its roadmap. The company will also has until July 24 to get back in compliance. Its stock price was $0.64 yesterday, up from $0.53 on Wednesday last week.

Industry experts believe development of a full-blown quantum computer is still way off in the distance.

"Quantum is a peak hype segment and is likely to remain so for the foreseeable future," Gartner VP analyst for Quantum Technologies, AI Infrastructures, and Supercomputing Chirag Dekate told us in February.

"The quantum segment is also highly fragmented with an estimated 600+ startups and some established companies currently operating in the space. This level of market activity is unusual and unsustainable for a market segment that currently does not deliver business value," he added.

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