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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

There's only a handful of legitimate Quantum companies in the world, and none of them have labs like the one that just opened at IonQ in College Park.

In fact, theres only a handful of legitimate quantum companies in the world, and none of them have labs like the one that just opened at IonQ in College Park, Maryland.

Its why University of Maryland President Darryll Pines called the D.C. area the capital of quantum during the ribbon cutting event for the National Quantum Lab, known as the Q Lab, on Tuesday.

Its in its infancy, but its developing quickly, and will continue to advance by leaps and bounds, Pines said. This space will enable users from across the nation and around the world to work together on the next generation of engineering and computer science space and deliver meaningful breakthroughs in the future.

According to Pines, Quantum has the potential to unlock exponential advances in technology that will change every persons life on this planet.

The CEO of IonQ, Peter Chapman, said it will help power many of the breakthroughs you only see in the likes of science fiction stories.

This machine will plug into a couple of standard wall sockets, and be able to rival the worlds largest supercomputers, said Chapman, holding up an object smaller than a box of baking soda. Just to give you an idea of the computational power if I collected all the cellphones of all the humans on the planet and I use that as a supercomputer, you would be equal to about one of these chips.

I dont even think we can imagine what 20 years from now will be with quantum, he added.

The collaborative space concept was inspired by what the Department of Energy does with its own National Labs.

People come to them with their problems and say, Hey, if I can get this much time on your machine, I can deliver this kind of results, I can solve this problem,' explained John Sawyer, the director of strategic research initiatives at the university. So we are doing that with quantum computers, with the additional support to actually help people understand what a quantum computer can really do.

How did the University of Maryland get to this point first?

Overcoming the intellectual property barriers is often very hard, said Sawyer. A lot of people like to keep their cards close to their chest. And so the university is actually serving as kind of a buffer to enable these other users, whether thats coming from industry or the universities, to come in and work with them in a controlled space where you can share enough to be useful without putting at risk some of the secret sauce.

Ken Ulman, the chief strategy officer for economic development at the university, argued that this emerging computer industry will do for the D.C. area what the computer did for Silicon Valley and northern California, and that quantum companies are already moving in nearby.

There were local politicians at the ceremony including Maryland Sen. Ben Cardin and Maryland Senate President Bill Ferguson but both made clear that what quantum computing does is beyond their expertise.

On the other hand, Lt. Gov. Aruna Miller joked she was disappointed some of the speeches didnt get more technical.

Quantum computing will change the world in ways we cannot even begin to imagine, said Miller, who admitted the engineer side of her was overflowing with excitement. Imagine in the areas of privacy, climate change, finance, health care, artificial intelligence and technology, solving problems in one second that would take 300 trillion years on the worlds largest supercomputer. Thats what quantum is about. Imagine that.

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Will this computer lab do for the DC area what the PC did for Silicon ... - WTOP

Fort Collins, Colorado, Sept. 21, 2023 (GLOBE NEWSWIRE) -- DataHorizzon Research Published a report titled, "Quantum Computing Market Size, Growth, Share, Statistics Report, By Component (Hardware, Software, Services), By Deployment (Cloud, On-Premise), By Application (ML, Biomedical Solution, Financial Services), By End-use (BFSI, IT&Telecom, Healthcare, Energy), By Region, and Segment Forecasts, 2023-2032."

According to DataHorizzon Research, The quantum computing market size was valued at USD 0.7 Billion in 2022 and is expected to reach USD 16.3 Billion by 2032 at a CAGR of 36.5%. The report comprehensively analyzes the global market scenarios with key takeaways. The report also highlights the present and future trends in the industry, followed by actionable market insights.

Quantum computing can be used for establishing secure connections in space. The space communication is vulnerable to hacking, interceptions, and access to critical information. With the help of quantum computing, it adds more secure layers to prevent any intrusion. This kind of quantum computing approach is specially designed for optimizing different programs. For instance, NASAs JPL (Jet Propulsion Laboratory) uses quantum annealing to optimize spacecraft, and secure layers to store critical information, and trajectories with lesser travel time.

One of the most significant applications of quantum computing in the field of space science is data analysis. Space science generates vast amounts of data, including images, spectra, and other measurements. Thus, quantum computing is preferably used in space communications. Additionally, quantum computing can be used to simulate and analyze the behavior of large molecules and chemical compounds much more quickly than traditional computers. This accelerated discovery process could result in the rapid development of new drugs over traditional methods.

The increase in investments by various government players and private equities is helping the market's overall development. Increasing the number of strategic collaborations among the companies is helping the market grow. In addition, implementing quantum computers in banking institutions is accelerating the demand. Moreover, mergers and acquisitions have boosted the market dynamics.

Quantum computing has wide applications in the field of simulations that improve the movements of complicated systems like satellite constellations and interplanetary space aircraft. Its use in militaries includes complex simulations, cryptography, and secure communication lines. Recently, NASA has launched QuAIL, a collaboration between NASA, Google & Universities Space Research Association, which was established to develop quantum algorithms and software for different space missions and scientific searches.

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Segmentation Overview:

Theglobal quantum computing market has been segmented into component, application, end-use, and region. Hardware is a leading component in the market segment due to tremendous technical compatibility demand. Based on deployment, on-premise is fast-growing due to its high relevance in drug and chemical research. On-premise deployment expedites the bandwidth and digital resources for drug and chemical research.

North America is the leading region for quantum computing due to significant investments in technologies such as IoT, quantum computing, and big data. Space research and the emergence of UAVs (unmanned aerial vehicles) are some of the recent fields where quantum computing is widely used. Asia Pacific is the fast-growing market for quantum computing owing to the emerging needs in cybersecurity, machine learning algorithms for blockchain, and drug chemical research.

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Quantum Computing Market Report Segmentation:

Quantum Computing Market, By Component (2023-2032)

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Quantum Computing Market, By Application (2023-2032)

Quantum Computing Market, By End Use (2023-2032)

Quantum Computing Market, By Region (2023-2032)

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Quantum Computing Market Size to Reach USD 16.3 Billion by ... - GlobeNewswire

TORONTO and DAEJEON, South Korea, Sept. 19, 2023 Xanadu, a world leader in photonic quantum computing, and the Korea Institute of Science and Technology Information (KISTI), a leading national research institute, have partnered to create South Koreas first quantum-classical hybrid computing infrastructure for providing the regional scientific community with new research capabilities.

The quantum-classical hybrid circuit software development kit (SDK) developed through this partnership will establish the backend infrastructure to KISTIs cloud service for connecting various classical and quantum hardware platforms. Xanadus open-source software library, PennyLane, and its high-performance quantum simulator, Lightning, will be employed as foundational tools for developing this SDK, empowering South Korean researchers with seamless access to hybrid computing resources and performing state-of-the-art research.

Since 1962, KISTI has played a pivotal role in bolstering South Koreas global leadership in science and technology innovation. Over the past decade, KISTI has been actively involved in a wide range of quantum projects. These include research in computational designs of quantum logic devices, as well as extending the scope of quantum circuit simulations with parallel computing in large classical computing environments. Combining Xanadus and KISTIs quantum expertise unlocks the potential to leverage the power of both classical and quantum computing technologies.

Were excited to partner with KISTI to develop South Koreas first hybrid quantum-classical infrastructure, said Christian Weedbrook, Xanadu founder and Chief Executive Officer. PennyLanes ability to run on all major quantum hardware makes it an excellent framework to base development on, and we look forward to seeing the projects that come of this.

Our mission is to build a better future with science and technology infrastructure and data, said Dr. Kim Jaesoo, President of KISTI. We are thrilled to expand our research capabilities and bring this new technology to South Korea by partnering with Xanadu.

About Xanadu

Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the worlds leading quantum hardware and software companies. The company also leads the development of PennyLane, an open-source software library for quantum computing and application development.

About the Korea Institute of Science and Technology Information

KISTI is a Korean national research institute that leads high performance computing (HPC) R&D activities in South Korea. Founded in 1962, KISTI has been participating in the national flagship project launched to develop a 50-qubit full-stack quantum computer, with a major role in the development of a parallelized quantum circuit simulator and a cloud service framework for quantum computing.

Source: Xanadu

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Xanadu and KISTI Partner to Create South Korea's 1st Quantum ... - HPCwire

Simultaneously, while Raimondo acknowledged that the United States does not want to decouple from China, she held firm that the United States would not be compromising or negotiating on matters of national security. Period. Accordingly, the visit offers useful insight into U.S. policy at a critical time for the Chinese-U.S. relationship. While additional trade controls are likely in coming months, the visit demonstrates the possibility of continued dialog between both nations, informed by relevant industry stakeholders.

A Focus on Exports to ChinaThe past several years have seen significant restrictions placed on trade between the United States and China. In October 2022, the U.S. Department of Commerces Bureau of Industry (BIS) issued restrictions on exports of certain advanced computing chips to China and Russia. The BIS cited concerns about foreign adversaries use of computer chips, such as for military modernization efforts. (See Pillsburys initial analysis of these rules.)

Reports indicate that the BIS is considering amendments to its regulations which could include additional limitations, such as restrictions on cloud computing services that provide a China-located user with access to advanced chips. These reports also suggest that further revisions could be made to the technical control parameters of what is considered an advanced computing integrated circuit.

Investment Regulation In August 2023, the Biden Administration issued a long-awaited Executive Order (EO) on outbound investment, which lays the groundwork for forthcoming regulations to require notifications or, in some cases, outright prohibit U.S. companies from making certain investments in countries of concern, including China. The EO identifies semiconductors, quantum computing and artificial intelligence (AI) as the primary areas of focus. (See Pillsburys initial analysis of the Executive Order.) Comments on the Department of Treasurys notice of proposed rulemaking carrying out the EO are due September 28.

Congress has also focused on outbound investment regulation. Included in the National Defense Authorization Act (NDAA), as passed out of the Senate, is the Outbound Investment Transparency Act (OITA), which would require companies exporting advanced semiconductors (among other covered sector technologies) to notify the Treasury Department 14 days prior to making investments in countries of concern. During Senator Caseys statements on the floor of the Senate supporting the OITA, he commented that outbound investment harms U.S. strategic interests when it facilitates technology transfer and that these investments can undermine the long-term competitiveness of American firms. Independent of the NDAAs passage, it appears likely that Congress will implement some form of outbound investment restriction or monitoring, though questions remain whether any legislation will go beyond what is already called for in the Administrations EO.

Separately, in January 2023, the U.S. House of Representatives voted to create the House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party, commonly referred to simply as the Select Committee on the CCP. Over the summer, the Select Committee has launched a number of investigations into U.S. investments and business relations in China. Prior to Raimondos trip to China, the Committee wrote to Raimondo, urging her to declare that compromising on U.S. export controls with China is non-negotiablean action Raimondo did take. The Committee has made clear that they believe it is paramount to keep advanced semiconductors out of Chinas reach.

Given the increasing complexities to engage with trade in China, some U.S. companies have publicly expressed distress regarding the difficulty of operating in both jurisdictions. As noted by Raimondo on her trip to China, American firms still have a desire to do business in China and access the Chinese market.

Comments and Criticism of Limiting Semiconductor ExportsCompanies working with semiconductors at home and abroad should be mindful of the changing market landscape caused by evolving policies.

As outlined in the August 2023 EO, the prohibition on U.S. companies to sell semiconductors to countries of concern will limit Chinas ability to develop AI products in the short term. Companies that export chips to China have made clear that in response to export controls, China will dedicate massive resources to accelerate companies specializing in the development of graphics processing units (GPUs). American companies have also raised concerns about the long-term impacts of overly broad restrictions on exports to China, which can cause China to develop its own capabilities, impact visibility on technology developments in China, and result in displacing U.S. technology worldwide.

Chinas Ministry of Commerce, in reaction to the announcement of the 2022 export block, noted that the restrictions on advanced computer chips to China would hinder international scientific and technological exchanges and economic cooperation, and have an impact on the stability of global industrial and supply chains and the recovery of the world economy. To support the manufacturing strategies of domestic semiconductor companies, the China Integrated Circuit Industry Investment Fund, known as the Big Fund, is set to launch a $40 billion investment fund, backed by the Chinese government. This would be the largest fund to datetwo prior funding rounds were released in 2014 and 2019. The goal of the fund is to make China self-sufficient. While it will take time to raise the investments and see results from the Big Funds initiative, it is indicative of the governments dedication to build up its domestic capacity in light of international restrictions.

Engagement OpportunitiesCompanies that may be impacted by future outbound investment regulations should submit comments and feedback to the Department of Treasury before the September 28 deadline. In addition, some companies may seek the opportunity to meet with members of Congress to help educate on chip supply chain issues as it relates to AI. Senator Schumer (D-NY), who announced the SAFE AI Innovation Framework in June, is hosting the AI Insight Forum this fall. On September 13, Schumer held a closed-door meeting with high-profile tech leaders to discuss potential AI regulation. The meeting was attended by 60 senators who, according to Schumer, all agreed that the government must play a role in regulating AI. Several bills and frameworks have already been proposed or discussed on the Hill, and we expect more to be introduced as the Senators glean more information during forum meetings. Companies may want to reach out to those attending the meeting, as well as coordinate with Senate staff to be involved in future AI Insight Forums.

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Recent Updates on Foreign Investment Restrictions and Export ... - Pillsbury Winthrop Shaw Pittman