LEESBURG, Va., Dec. 30, 2020 (GLOBE NEWSWIRE) — Quantum Computing Inc. (OTCQB: QUBT) (QCI), the first software platform to bridge the power of classical and quantum computing for the enterprise, has applied to list its common stock to the Nasdaq Capital Market®.
“As the leading stock exchange for emerging growth companies, we anticipate a Nasdaq listing will elevate our profile in the investment community and increase awareness of our industry-leading Mukai™ quantum software development, connectivity and execution platform,” noted Robert Liscouski, CEO at QCI. “We expect broader market participation to support greater liquidity for our shareholders, increase our base with retail and institutional investors, and attract analyst coverage. The timing is also ideal, as we begin to launch several new growth initiatives.”
For QCI, these initiatives include growing sales and marketing to drive customer acquisition and increasing business development activity with key industry partners that include Splunk (NASDAQ: SPLK) and Meraglim. The company is also building out its professional services team for assisting customers with quantum application development.
Mukai is the first software platform to deliver performance advantages with quantum-ready applications running in a classic environment (Intel® or AMD processor-based). Its best-in-class breakthrough in performance was highlighted in a benchmark study published earlier this year. The company recently launched Mukai 3.0, which supports easy, direct connections to the widest selection of the world’s top quantum computers, including those from IonQ, D-Wave, IBM and Rigetti.
Developers and organizations can try Mukai today and discover firsthand how to migrate their existing applications to quantum-ready solutions and realize superior performance in solving real-world problems—even when running their quantum-ready applications on classic computers.
“Following the roll out of Mukai 3.0, our focus has turned to connecting with new customers and bringing real value to their businesses with hybrid quantum-classic solutions,” added Liscouski. “Given the recent major advances in quantum computing and the unique way Mukai makes these powerful capabilities easily accessible, it is an exciting time for QCI and the industry.”
Nasdaq’s acceptance for listing the company’s shares on the Nasdaq Capital Market is subject to approval based on several factors, including satisfaction of minimum listing requirements. The company intends to satisfy all of the applicable listing requirements; however, there can be no assurance the application will be approved.
About Quantum Computing Inc.
Quantum Computing Inc. (QCI) is focused on developing novel applications and solutions utilizing quantum and quantum-ready computing techniques to solve difficult problems in various industries. The company’s team of experts in finance, computing, security, mathematics and physics are available to assist developers, businesses and government agencies that are looking to harness the power of quantum computing to solve their challenging real-world problems.
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 (“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.
Mukai™ and QuOIR™ are trademarks of Quantum Computing Inc. Intel® is a registered trademark of Intel. All other trademarks are the property of their respective owners.
QCI Company Contact:
Robert Liscouski, CEO
+1 (703) 436-2161
Investor Relations Contact:
Ron Both or Grant Stude
CMA Investor Relations
+1 (949) 432-7566
Media Relations Contact:
Fusion Public Relations
+1 (201) 638-7561
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