Quantum Computing Inc

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.

QCi announces a subcontract award from SSAI to support NASA in testing one of its proprietary quantum photonic systems for remote sensing applications.  QCi will test an existing LiDAR system designed to remotely measure the physical properties of different types of snowpacks, including the density, particle size and depth, based on a recent breakthrough theory.