IBGH Innovative Beverage Group Holdings

Quantum Computing Inc. Releases Mukai, the Quantum Application Development Platform

Quantum Computing Inc. Releases Mukai, the Quantum Application Development Platform

The Mukai software stack enables developers to create and execute quantum-ready applications - today

LEESBURG, Va., Jan. 28, 2020 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (OTC:QUBT) (“QCI”), an advanced technology company developing quantum-ready applications and tools, announced today that the company has released its Mukai quantum application development platform. Mukai can be used to solve extremely complex optimization problems, which are at the heart of some of the most difficult computing challenges in industry and government. Its software stack enables developers to create and execute quantum-ready applications on classic 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 classic computers.

Mukai uses highly-optimized parallel code, and is currently centered on the quadratic unconstrained binary optimization (QUBO) formulation well known to quantum annealing users. QUBO is a pattern matching technique, also commonly used for machine learning applications.

The Mukai software stack includes two primary user/developer interfaces:

  • QCI NetworkX graph-analysis package that exploits that capability for graph problems
  • QCI qbsolv package that implements a state-of-the-art, high-performance optimization capability for QUBO problems

“Mukai enables developers to create and deploy practical applications that solve very hard problems today,” said Mike Booth, QCI’s Chief Technology Officer. “We believe this will bring immediate value to potential clients, while also providing a clear path to emerging quantum hardware. As Mukai provides an abstraction layer to the actual computing hardware, a client’s investment in application development today should pay off in two ways, without having to take the hardware platform into consideration.”

“In addition to developing the quantum application development platform, QCI is leveraging its expertise in finance, computing, and security to build applications on top of Mukai that we believe will deliver immediate value to potential clients,” said Steve Reinhardt, VP of Product Development at QCI. “The first of those, , was recently announced. It provides small and medium-sized financial institutions the ability to do asset allocation in a way that was previously the province of large brokerage firms, mutual funds, and the largest quant funds. Using Mukai means it can run on either classic or quantum resources, depending on which delivers superior performance,” he added. 

Mukai is available today running on QCI’s scalable, classical cloud infrastructure. For more information about Mukai or QAA, contact QCI at .

About QCI:

Quantum Computing Inc. is a technology company focused on developing novel applications and solutions utilizing quantum and quantum-inspired computing to solve difficult problems in various industries. The Company is leveraging their 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, 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:

EN
28/01/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Innovative Beverage Group Holdings

 PRESS RELEASE

QCI CEO Discusses How Bridging Classical and Quantum Computing Can Del...

QCI CEO Discusses How Bridging Classical and Quantum Computing Can Deliver Business Value Today on The Scott Becker Private Equity Podcast LEESBURG, Va., July 12, 2021 (GLOBE NEWSWIRE) -- Robert Liscouski, CEO of  (QCI) (OTCQB: QUBT), joined acclaimed business thought leader, Scott Becker, on his popular , to discuss the increasing demand for quantum computing solutions by today’s businesses seeking better and new solutions to complex problems. The covered the emergence of QCI as the only public pure-play quantum software company, and its innovative approach to simplify quantum computin...

 PRESS RELEASE

QCI CEO Outlines Company Progress in Shareholder Letter

QCI CEO Outlines Company Progress in Shareholder Letter LEESBURG, Va., June 30, 2021 (GLOBE NEWSWIRE) -- (QCI) (OTCQB: QUBT), the leader in bridging the power of classical and quantum computing, today announced that it has issued a forward looking letter to shareholders pertaining to expansion of its quantum-ready software to commercial applications. The letter reviews the company’s achievements and offers a positive outlook on growth. A summary is below. QCI offers easily deployed quantum software solutions for some of the world’s most complex computational problems, with solutions des...

 PRESS RELEASE

Quantum Computing Inc. Enters 3-Year Agreement with Los Alamos Nationa...

Quantum Computing Inc. Enters 3-Year Agreement with Los Alamos National Laboratory in Exascale & Petascale Simulations Partnering to Solve Real World Graph Partitioning and Data Decomposition Problems that are Critical for National Security and more LEESBURG, Va., June 14, 2021 (GLOBE NEWSWIRE) -- (QCI) (OTCQB: QUBT), the leader in bridging the power of classical and quantum computing, today announced a three-year cooperative research and development agreement (CRADA) with (Los Alamos), a U.S. Department of Energy (DOE) multidisciplinary research institution and renowned computing pio...

 PRESS RELEASE

QCI Applies Quantum Software Across Six Business Segments

QCI Applies Quantum Software Across Six Business Segments QikStart Program applies quantum-ready computations to fraud detection, supply chain logistics optimization, vehicle routing, robotics automation, drug discovery and community detection LEESBURG, Va., May 14, 2021 (GLOBE NEWSWIRE) -- (OTCQB: QUBT) (QCI), the leader in bridging the power of classic and quantum computing, today announced advancements with major firms in building industry-specific quantum applications. The joint efforts are being driven by QCI’s, the company’s initiative to foster and develop practical applications...

 PRESS RELEASE

QCI to Present at Zooming with LD Micro on April 20, 2021

QCI to Present at Zooming with LD Micro on April 20, 2021 LEESBURG, Va., April 16, 2021 (GLOBE NEWSWIRE) -- (OTCQB: QUBT) (QCI), a leader in bridging the power of classical and quantum computing, has been invited to present at the Zooming with LD Micro virtual event on April 20, 2021. QCI is the first public pure-play company that accelerates the value of quantum computing for real-world business solutions. Robert Liscouski, QCI’s president and CEO, will participate in one-on-one meetings with investors and analysts during the conference and is scheduled to present on Tuesday, April 20 ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch