Quantum Computing Inc

Quantum Computing Inc., a first-to-market photonic-based quantum technology company, today announced the release of the Company’s first-in-a-series Reservoir Computer, a cost-effective powerful and portable hardware device the size of a small power pack. This launch represents a step in making neuromorphic hardware largely accessible and affordable to individuals and small businesses.

Quantum Computing Inc. (“QCI” or the “Company”) (NASDAQ: QUBT), the first-to-market full-stack photonic-based quantum computing and solutions company, today announced that its Board of Directors has unanimously approved the signing of a non-binding Letter of Intent (LOI) to acquire up to 100% of the AI firm, millionways, creator of the world’s first emotionally-intelligent AI platform, pending the completion of due diligence by independent third party valuation and fairness opinion firms. The LOI follows the teaming and combining of millionways’ AI sensing algorithms with QCI’s quantum photonics computing power, including substantive progress made since the Company’s initial testing engagement announced in April 2023.

QCI announces its business initiative on quantum cyber security based on an international patent that gives QCI exclusive rights to the utilization of a basket of network security solutions. The patented technology gives system-wide, zero-trust protections to many communication scenarios involving data sharing among untrusted parties, whose security is derived only from quantum physics laws.