Quantum Computing Inc. Releases Version 1.1 of Mukai Middleware
LEESBURG, Va., April 23, 2020 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (OTC:QUBT) (“QCI”), an advanced technology company developing quantum-ready applications and tools, announced today the release of version 1.1 of its Mukai middleware with new capabilities delivering higher performance and greater ease of use for subject-matter experts developing quantum-ready applications needing superior performance today. The Mukai software stack (released in January 2020) can be used to solve extremely complex optimization problems. Mukai enables developers to create and execute quantum-ready applications on classical computers, while being ready to run on quantum computers when those systems can achieve performance advantages. QCI has already demonstrated superior performance today for some applications built on Mukai and running on classical computers.
The new capabilities in the Mukai 1.1 release include a) delivering a greater diversity of more-optimal results in less time for larger, more memory-intense problems; b) better ease of use by automating some of the process for solving optimization problems, such as finding good values for the weights between different factors (i.e., Lagrange multipliers), and c) improved manageability and robustness for production use, including performance instrumentation and improved error-handling and -reporting. The performance improvements have been measured for both graph partitioning and for optimization problems from industry sources. These new capabilities are all available immediately in the QCI cloud-delivered Mukai service.
Discrete combinatorial optimization is one high-value class of problems expected to benefit greatly from quantum computers, and techniques for exploiting quantum computers for optimization have been deeply explored, evidenced by the work on quantum annealers by early D-Wave researchers and on gate-model QCs by researchers of the Quantum Approximate Optimization Algorithm (QAOA). QCI’s Mukai software stack is centered on the quadratic unconstrained binary optimization (QUBO) formulation well known to quantum annealing users. The Mukai software product includes two primary user/developer interfaces – the QCI NetworkX graph-analysis package and the QCI qbsolv QUBO solver. Modeled on the D-Wave NetworkX package targeting quantum annealing, QCI NetworkX implements a set of extremely compute-intense (NP-hard to mathematicians) graph kernels that are expected to benefit the most from QCs1; the kernels use the QUBO formulation. “The QCI Qbsolv QUBO solver allows the users to balance the quality of the solution against the time to deliver results. The user can choose to get a good answer quickly, an excellent answer in more time, and/or a diverse set of good answers”, stated Mike Booth, Quantum Computer Inc. CTO. “Mukai has demonstrated superior performance today for some applications, executing on classical computers for early clients, for problems such as portfolio optimization and HPC application optimization via better graph partitioning”, he added.
QCI, an industry leader in the development of quantum-ready software, has deep experience developing applications and tools for early quantum computers and focuses on abstractions that free application developers to focus on the vital task of mapping problems to appropriate quantum computing forms by obscuring hardware-specific details. Quantum computing (QC) technology, applications, and use cases will evolve significantly as different architectures for QC hardware come to market. Implementation of QC applications will be significantly accelerated by tools that enable the development and execution of applications independent of any particular QC architecture. QCI provides those tools.
In a webinar to be hosted Noon Eastern Time / 9AM Pacific Time April 28, 2020, Steve Reinhardt, Vice President, Product Development, will provide an overview of QCI’s technical strategy and roadmap, and provide a demonstration of QCI NetworkX’s capabilities in solving graph problems. The webinar will conclude after a question and answer session. Questions regarding QCI’s strategy, Mukai, and QCI NetworkX can be sent in advance to . Registration for the webinar is required, please use this link: .
_________________________________________
1 Namely, graph partitioning, maximum cut, minimum vertex cover, minimum vertex coloring, maximum independent set, maximal matching, maximum clique, and Markov-network assignment.
About QCI:
Quantum Computing Inc. is a technology company focused on developing novel applications and solutions powered by quantum and quantum-inspired computing to solve difficult problems in various industries. QCI is exploiting its collective expertise in finance, computing, security, mathematics, and physics to develop commercial applications for the financial, security, and government sectors. For more information about QCI’s products or about becoming a QCI partner or reseller, please visit or email us at .
Safe Harbor Statement: Cautionary Note 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, 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 presentation 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.
Company Contact:
