Quantum Computing, Inc. Secures Sale of Reservoir Computer to a Major Automotive Manufacturer

HOBOKEN, N.J., April 22, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that the Company has secured the sale of one of its EmuCore reservoir computers to a major automotive manufacturer. The device has since been shipped to the customer and will be used for research and development purposes.

QCi's EmuCore reservoir computing device can be applied to solve a variety of problems related to serial data structures including time series prediction and image recognition in a fast, affordable, and energy-efficient manner.

Built on a field-programmable gate array (FPGA), EmuCore provides a flexible, secure, and low-power environment to leverage machine learning to explore edge use cases and validate processing workloads. This implementation serves as a proving ground for customers evaluating applications for QCi's forthcoming PCIe-based photonic reservoir computing units, which we believe will offer enhanced performance per watt for deployment in demanding AI and sensor-rich environments. This form of technology shows promising potential for AI model training, both in terms of the power consumed and the time required, opening up new possibilities for machine learning on the edge.

Dr. William McGann, Chief Executive Officer of QCi commented, "We're excited to support one of the world's leading automotive innovators with the delivery of our EmuCore reservoir computing device. This sale represents a meaningful validation of our technology in real-world environments and is yet another example of the increasing demand we're seeing for our devices and offerings in diverse markets."

About Quantum Computing Inc.

Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.

Company Contact:
Rosalyn Christian/John Nesbett
IMS Investor Relations
[email protected]

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. These forward-looking statements, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of QCi 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, including the timing of new product releases, performance of future products, and the market acceptance for QCi's quantum products, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

SOURCE Quantum Computing Inc.