April 15, 2024

Quantum Computing Inc. congratulates its achievement as its engineers receive the prestigious Edison Patent Award for their groundbreaking invention in quantum cybersecurity -January 18, 2024 at 08:01 am EST

LEESBURG, Va., January 18, 2024 /PRNewswire/ — Quantum Computing Inc.. (“QCi”, “we”, “our” or the “Company”) (Nasdaq: QUBT), an innovative quantum optics and nanophotonics technology company, today proudly announces that two of its engineers have been honored with the esteemed 44th Edison Patent Award for innovative contributions to quantum-safe, privacy-preserving calculations. This recognition underscores his exceptional work in addressing cybersecurity threats and developing innovative solutions, including a revolutionary method of quantum authentication and private data computing that can process and verify information without exchange That information.

The Edison Patent Award, a symbol of innovation and excellence, is a testament to the commitment, expertise and innovation demonstrated by Dr. Yuping HuangOCi Quantum Director and Dr. Lac Thi Thanh Nguyen, quantum technology leader for QCi’s cybersecurity platform. His seminal work has significantly advanced Quantum Computing Inc’s mission to harness the power of quantum technologies for real-world applications.

The patent underlying the award represents a milestone in the field of quantum information networks, a critical domain in the ongoing battle against cybersecurity threats facing industry, government and individuals. The patent, which was approved in the United States and in more than 40 countries during 2023, addresses a method of quantum authentication and zero-knowledge proof for network security that uses fundamental quantum physics to protect passwords, private information and online assets. The patented technology describes a method of generating pairs of so-called “entangled” photons that can share certain properties, measurement results and security controls with each other (sharing joint communications) without in any way revealing that private data in the process, either either with each other or with external computer parts or processes. Unlike any other protocol, private information is encrypted in the measurement databases and is never shared with any party, either directly or via encryption. Therefore, it provides maximum protection and unconditional security.

Unlike quantum key distribution that only protects encryption, this innovative patent covers a critical security vulnerability by offering a way to effectively protect identity authentication, data mining, and digital assets in an environment that does not It is trustworthy. Designed to be compatible with existing fiber-based communication infrastructure and satellite networks, the patent is a widely used award based on a fundamental methodology for creating secure networks between multiple parties, uniquely combining quantum authentication and encryption in a single step, thus safeguarding an entire network at all swipe points.

The patent was licensed exclusively to QCi with perpetual terms. For rapid commercialization, QCi has recently built a two-node quantum authentication system, leveraging the engineering skills Huang and Nguyen gained when they and their team built a pilot three-node quantum network system on a university campus in 2018.

“Quantum Computing Inc. salutes our esteemed engineers. In an era where digital security is paramount, Drs. Huang and Nguyen have played a critical role in developing a quantum authentication method that promises to revolutionize data protection and privacy.” Until now, there was no end-to-end quantum solution to defend the security of our digital assets against AI or quantum cyber attacks in the near future. The integration of this comprehensive quantum protocol with quantum key distribution holds the promise of establishing a robust, quantum-safe communications system that safeguards the Internet for everyone,” he said. Robert LiscouskiCEO of Quantum Computing Inc. “The company is proud to be at the forefront of quantum technology advancements, providing solutions that address the evolving challenges of cybersecurity, and we remain committed to pushing the boundaries of quantum technology and providing solutions “innovative solutions to complex global problems. challenges.”

For additional 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. (QCi) (Nasdaq: QUBT) is an innovative quantum optics and nanophotonics technology company whose mission is to accelerate the value of quantum computing for real-world business solutions, delivering the future of quantum computing today. The company offers accessible and affordable 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 burdened with unique environmental requirements. QCi has a competitive advantage by offering its quantum solutions at greater speed, precision and security at a lower cost. QCi’s nanophotonics-based core technology is applicable to both quantum computing and quantum intelligence, cybersecurity, sensing and imaging solutions, providing QCi with a unique position in the market. QCi’s core entropy computing capability, the Dirac series, offers solutions to integer- and binary-based optimization problems using over 11,000 qubits for binary problems and over 1,000 (n=64) qubits for ​​into integers, each of which is the largest number. of variables and problem size available in quantum computing today. Using the company’s core quantum methodologies, QCi has developed specific quantum applications for AI, cybersecurity and remote sensing, including its Reservoir Photonic Computer series (intelligence), reprogrammable and non-repeatable quantum random number generator (cybersecurity), LiDAR and vibrometer ( detection). products. To learn more about QCi, visit www.quantumcomputinginc.com.

Edison’s patent awards

For more than 40 years, the New Jersey Research and Development Council has recognized and highlighted the wide range of research conducted in the state and celebrated its exceptional inventors at an annual awards ceremony named after Thomas Alva Edison, New Jersey’s most famous inventor. Winners are selected by a team of researchers from the Research and Development Council who evaluate the nominated patents based on the importance of the problem addressed, their socio-economic utility/value, novelty and commercial impact. The Research and Development Council is a 501(c)(3) nonprofit organization whose members include representatives from academia, government, and industry, including several Fortune 500 companies. More information can be found on the Council’s website Research and Development: www.rdnj.org.

Important Cautions 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 intent, belief or current expectations of QCi and members of its management, as well as the assumptions on which such statements are based. Potential investors are cautioned that 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.

QCi undertakes no obligation to update or revise any 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. relating to anticipated or projected plans, performance and future developments, as well as other statements relating to future operations and results. Words such as “may,” “expect,” “believe,” “anticipate,” “estimate,” “intend,” “goal,” “objective,” “seek,” “intend,” “aim for,” or variations These or similar words identify forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Item 1A of QCi’s Annual Report on Form 10-K and other factors that may be described from time to time in QCi’s filings with the US Securities and Exchange Commission

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SOURCE Quantum Computing Inc.

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