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LEESBURG, Va., April 21, 2023 /PRNewswire/ -- Quantum Computing Inc. (NASDAQ: QUBT), ("QCI" or the "Company"), a first-to-market full-stack photonic-based quantum computing and solutions company, today announces that its wholly owned subsidiary, QI Solutions (QIS), which focuses on federal projects, celebrated World Quantum Day with members of the University of Arizona's Research Innovation and Impact (RII), Tech Launch Arizona (TLA), and the Center for Quantum Networks (CQN) at the Arizona Quantum Initiative's (AQuI) Inaugural Workshop last week.

Beginning April 12th, AQuI's workshop featured guest speakers from Raytheon, the University of Oregon, and Northwestern University, who discussed topics ranging from quantum phenomena for the information era to entanglement-enhanced optomechanical sensing. The event focused on the novel applications of quantum science within the fields of biology, astronomy, and machine learning.

"We are proud to have the opportunity to work with AQuI and the National Science Foundation's CQN as a leader of this esteemed group of quantum network scientists and researchers. Together we are building the foundation of the future of the quantum industry in Arizona," stated QIS President Sean Gabeler, "QIS will continue to lead the collaborative effort within the state of Arizona around quantum networking that will push the envelope on new applications for our quantum cryptography and sensing technologies to ensure the U.S. and Arizona win the global quantum innovation race."

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About Quantum Computing Inc.

QCI is a full-stack quantum software and hardware 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 is on a path to delivering an accessible and affordable full-stack solution with real-world industrial applications, using quantum entropy, which can be used anywhere and with little to no training. QCI's experts in finance, computing, security, mathematics and physics have over a century of experience with complex technologies ranging from leading edge supercomputing to precision sensors and imaging technology, to the security that protects nations. For more information about QCI, visitwww.quantumcomputinginc.com.

About Quantum Innovative Solutions

QIS, a wholly owned subsidiary of Quantum Computing Inc., is a newly established 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.

About the Arizona Quantum Initiative

The Arizona Quantum Initiative at the University of Arizona is one of the many steps the state has taken to become a world leader in quantum information science and engineering. The interdisciplinary and collaborative research program is advancing multiple applications such as quantum networking, 2D quantum materials for use as highly sensitive photon detectors and single-photon sources, quantum opto-mechanical and quantum-photonic systems, and fault-tolerant quantum error correction codes and efficient decoder realizations for both quantum communications and quantum computing. The Center for Quantum Networks leads the Initiative, developing future quantum networks in collaboration with ten academic partners and over twenty industrial partners, such as QIS.

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 Quantum Computing Inc. (the "Company"), 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 press release 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.

SOURCE Quantum Computing, Inc

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