TMCnet News
Quantum Computing Inc. Listed on OTC Pink SheetsLEESBURG, Va., Sept. 19, 2018 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (OTC:QUBT) (the “Company” or “Quantum Computing”), an advanced technology company developing applications for quantum computers, announced today that the company has been recognized by the OTC Markets Group as current in its OTC reporting requirements. The Company also reported that it is has raised over $2.5 million and is on track to complete its initial capital raise during Q4. “This concludes our first phase of getting Quantum Computing Inc. established and funded” stated CEO Robert Liscouski. “We are very pleased with the way the initial capital raise has progressed during this transition period as we endeavor to become a fully reporting public company. Quantum Computing is currently developing commercial projects that include a quantum encryptor, solving N.P. Complete Problems for the financial services market sector, and a quantum simulator for general problem solutions. We believe, the Company, based on its strategic development plan, anticipates generating revenue from its financial services applications within the next twelve to eighteen months. Richard Malinowski, Chief Technology Operations Officer, has continued to build his technical development and advisory team to include experienced trading professionals, mathematicians and quantitative developers to address the market opportunities in the financial and security sectors. “We are right on track with our development efforts and expect to be in a revenue generating position in 2019. Our immediate focus is on developing software solutions that will allow us to solve several security related and NP Complete problems (those problems that cannot be solved with today’s computing standards). These systems, to our knowledge, will allow us to be the first to market with several encryption products and high value trading algorithms” stated Richard Malinowski, CTOO. “The market size for these algorithmic trading products are estimated to be $7.5 bilion by 20251”, he added. About Quantum Computing Inc. Safe Harbor Statement: Cautionary Note Regarding Forward-Looking Statements These forward-looking statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, successful completion of the Company’s proposed restructuring, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed from time to time in our reports filed with OTC Markets, which can be reviewed at www.otcmarkets.com. 1 (https://www.quantinsti.com) Bob Liscouski [email protected] 703-407-9437 |