Quantum Research Sciences receives U.S. Air Force’s first Quantum Computing Phase III contract
Summary
CEO Ethan Krimins said the company has used a quantum computer to accurately identify optimal inventory levels, including for parts with sporadic or infrequent demand. Most government agencies, military organizations and commercial corporations employ forecasting technology that predicts future inventory levels based on historical demand. “Quantum computers are excellent at optimization: quickly identifying the most efficient solution in a complex situation,” said Chris McCorkle, USAF 418th Data Science and Analysis Flight Chief. “The cost of our quantum software quickly pays for itself by providing organizations with the data to answer these questions without guessing or estimating.” Contracting with the U.S. Air Force Mears said, “The Phase III contract with the U.S. Air Force builds upon three years of effort with this technology.” “We designed the software under a USAF Phase I STTR. As a conduit to technology commercialization, intellectual property protection and licensing, startup creation and venture capital, Purdue Innovates serves as the front door to translate new ideas into world-changing impact.