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Rigetti and Oxford Instruments Declare Completion of Innovate UK Project for Launch of One of the UK's First Quantum Computers

GlobeNewswire LogoGlobeNewswire2w ago

 Rigetti and Oxford Instruments Declare Completion of Innovate UK Project for Launch of One of the UK's First Quantum Computers - GlobeNewswire

Quick Summary:

Factors that may cause actual results to differ materially from current expectations include, but are not limited to: Rigetti’s ability to achieve milestones, technological advancements, including with respect to its roadmap, help unlock quantum computing, and develop practical applications; the ability of Rigetti to complete ongoing negotiations with government contractors successfully and in a timely manner; the potential of quantum computing; the ability of Rigetti to obtain government contracts and the availability of government funding; the ability of Rigetti to expand its QCS business; the success of Rigetti’s partnerships and collaborations; Rigetti’s ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against Rigetti or others; the ability to continue to meet stock exchange listing standards; costs related to operating as a public company; changes in applicable laws or regulations; the possibility that Rigetti may be adversely affected by other economic, business, or competitive factors; Rigetti’s estimates of expenses and profitability; the evolution of the markets in which Rigetti competes; the ability of Rigetti to execute on its technology roadmap; the ability of Rigetti to implement its strategic initiatives, expansion plans and continue to innovate its existing services; disruptions in banking systems, increased costs, international trade relations, political turmoil, natural catastrophes, warfare (such as the ongoing military conflict between Russia and Ukraine and related sanctions and the state of war between Israel and Hamas and related threat of a larger regional conflict), and terrorist attacks; and other risks and uncertainties set forth in the section entitled "Risk Factors” and "Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and other documents filed by the Company from time to time with the SEC.

Rigetti Computing Media Contact:press@rigetti.com Cautionary Language Concerning Forward Looking StatementsCertain statements in this communication may be considered "forward-looking statements” within the meaning of the federal securities laws, including but not limited to, expectations with respect to the Company’s business and operations, including its expectations with respect to commercial adoption of quantum computing in the UK, and any future systems deployed by Rigetti in the UK, expectations related to the Innovate UK SBRI award to deliver a 24-qubit quantum computer to the NQCC, expectations related to the Innovate UK grant to work with AWS, Imperial College London and Standard Chartered, expectations related to the continued feasibility of quantum machine learning methods to more effectively process, interpret, and make decisions with complex data streams, expectations related to advancing our understanding of the requirements of practical quantum computers and expectations related to the future business prospects for quantum computing in the UK.

We also gained valuable insight into real-world use cases that will help with the adoption of practical quantum computing across many industries, including clean energy technologies such as batteries and solar.” Professor Elham Kashefi, Director of the Quantum Software Lab and Professor of Quantum Computing at the University of Edinburgh, said, "This consortium enabled our research team to not only pursue important quantum algorithm work to further benchmark quantum devices using real quantum hardware, but to also grow our group and rebrand as the Quantum Software Lab (QSL) at the University of Edinburgh.

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Article Details

Author / Journalist: Rigetti & Co, LLC

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-16 @ 12:30:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 2140 words

Reading Time: 12 minutes read

Sentences: 66 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © GlobeNewswire

News ID: 20704319

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News Last Updated: 8 hours ago

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