Quantum Computing Inc. Receives Third NASA Subcontract Award

A second NASA research facility subcontracts Quantum Computing Inc. to build a photonic sensor to accurately assess the composition of atmospheric particulate matter

LEESBURG, Va., July 13, 2023 /PRNewswire/ — Quantum Computing Inc. (“QCi” or the “Company”) (NASDAQ: QUBT), a market-first nanophotonics-based quantum technology company, today announces a subcontract awarded by the Bay Area Environmental Research Institute ( BAERI) to build and test for NASA Ames an innovative photonic sensor instrument to provide accurate measurements of atmospheric particulate matter such as clouds, aerosols, smoke, volcanic ash, etc., in order to identify physical properties including size, shape and chemical composition. This award represents the third distinguished work order from NASA and is the second research facility within NASA to subcontract with the Company. Delivery of the photonic sensor is expected in the first quarter of 2024.

QCi, through its wholly owned federal subsidiary, QI Solutions, will perform this work under a subcontract from BAERI. BAERI is a non-profit, scientist-founded research institution, headquartered within NASA facilities, and dedicated to promoting and enabling scientific research in the atmospheric and space sciences. The project’s goal is to build and test a new photonic sensor instrument that can provide a more accurate measurement of scattering when laser light travels through clouds and aerosols than is possible with existing instruments. Under the nine-month subcontract, QCi will supply a compact system, programmed to process a significant amount of data capable of supporting autonomous operations for days and designed to be powered by a 12-volt battery that consumes no more than 30 watts of power . . In addition, QCi will generate reports detailing how the system works in a realistic environment, provide the range of metrics, and offer predictive analytics on future improvements with a possible long-term goal to position these tools for field implementation to create a network monitoring system.

Dr. William McGannQCi Chief Technology Officer commented, “This proposed instrument includes innovations in both optical systems and the physical principles underlying the concept of measurement. Current state-of-the-art instruments use optical components that have been around for many decades and are large and clunky. The proposed instrument will use state-of-the-art optical components developed in the quantum optics community, to measure the optical properties (extinction coefficient and backscatter coefficient) of clouds and aerosols at multiple wavelengths.We use optical property data to derive physical properties ( particle size, cloud water content, particle number concentrations) and the chemical composition of clouds and aerosols (smoke, fog, gas). This approach is expected to be a significant improvement over existing instruments because it will measure both forward and backward scattering and multiple forms of polarization simultaneously. The benefits of this instrument are substantial, producing far more accurate in situ measurements of the extinction coefficients of clouds and aerosols from aircraft.”

Dr. McGann added, “Once fully commercialized, the market applications are numerous. In industry, the technology could play an important role in gas emissions monitoring, petroleum processing, chemical and fertilizer manufacturing. civilian, could help in firefighting, pollution monitoring and weather forecasting. For defense, the photon sensor could be used for battlefield assessment, especially in gas detection areas. Consistent with all dell products Available today and planned for the future, QCi systems are built for easy, scalable and versatile use with advantageous size, weight, power and cost combined with increased connectivity and capacity, lower training bias and enhanced security.”

“This is our third separate work order from NASA in four months and highlights our ability to leverage QCi’s proprietary core photonics capability across a range of products. In NASA’s case, we were awarded the contract to deliver three capabilities to two different NASA research centers Our first two engagements concluded earlier this year with NASA’s Langley Research Center located in Virginia it provided us with the opportunity to showcase our powerful and highly secure photonic LiDAR as well as our tank computing capability. We were tasked with providing LiDAR demonstrating improved measurement and data processing capabilities, which in combination with tank computation yields high-range spatial resolution and image fidelity at large distances under challenging environmental conditions. In this new engagement with NASA Ames located in Silicon Valley, we will apply QCi’s laser photonics technology to identify the composition of particles with much higher spatiotemporal resolution at their natural locations in the atmosphere,” said Sean Gabeler, President of QI Solutions.

“NASA Ames Research Center, one of ten NASA field centers, conducts world-class research and development with core competencies in aeronautics, astrobiology, technology, and lunar exploration science. The center employs more than 2,300 researchers and has an annual budget of 860 million dollars. We look forward to working with such a distinguished, world-renowned group.” Gabeler continued, “Compensation we receive from these efforts to develop unique product applications provides the roadmap for future large-scale deployment to assist NASA and forms the basis for creating potential business opportunities and future product launches for QCi.”

For more information on the company’s suite of solutions, please visit our website or contact our team directly.

About Quantum Computing Inc. (QCi)

Quantum Computing Inc. is a quantum hardware and software company with a mission to accelerate the value of quantum computing for real-world business solutions by delivering the future of quantum computing, today. The company provides accessible and cost-effective solutions with real-world industrial applications, using based on nanophotonics quantum entropy that can be used anywhere and with little or no training, operates at normal room temperatures, low power, and is not encumbered by unique environmental requirements. QCi enjoys a competitive edge by offering its quantum solutions with higher speed, accuracy and security at lower costs. QCi’s nanophotonics-based core technology is applicable to both quantum computing and quantum sensing and imaging solutions, providing QCi with a unique position in the market. QCi’s basic entropy computing capability, the Dirac series, offers solutions for both binary and integer-based optimization problems using over 11,000 qubits for binary problems and over 1000 (n=64) qubits for integer-based problems, each of which represents the highest number of variables and problem dimensions available in quantum computing today. Using the company’s leading quantum methodologies, QCi has developed specific quantum applications for artificial intelligence, cybersecurity, and remote sensing, including the Reservoir Photonic Computer series, reprogrammable and non-repeatable Quantum Random Number Generator, and LiDAR products. For more information about QCi, visit www.quantumcomputinginc.com.

About QI Solutions, Inc. (QIS)

QI Solutions, Inc., a wholly owned subsidiary of Quantum Computing Inc., is a provider of quantum technology solutions and services to the government and defense industries. With a team of qualified and authorized personnel, QIS offers a range of solutions from quantum entropy computing to quantum communications and sensors, supported by expertise in logistics, manufacturing, R&D and training. The company is exclusively focused on providing tailored solutions for partners in various government departments and agencies.

Important Notices Regarding Forward-Looking Statements

This press release contains forward-looking statements as defined in 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. Such statements include statements regarding the intention, belief or current expectations of Quantum Computing Inc. (the “Company”) and members of its management, as well as the assumptions upon which such statements are based. Prospective investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results could 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 about 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 relating to anticipated or anticipated future plans, performance and developments, as well as other statements relating to future operations and results. All statements contained in this press release that are not statements of historical fact may be considered forward-looking statements. Words like ‘may’, ‘will’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘will’, ‘goal’, ‘target’, ‘seek’, ‘attempt’, ‘aim at, ” or variations of these or similar words, identify forward-looking statements. Such risks and uncertainties include, but are not limited to, those described in Article 1A of the Company’s annual report on Form 10-K, which is expressly incorporated herein by reference, and other factors as may be periodically described in the documents filed by the Company with the SEC.

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