CQC and JSR Corp. Issue Statement on Their Quantum Computing Project

CAMBRIDGE,England,October 4,2018 --

Results signal important advances in the commercialization of Quantum Chemistry applications

Cambridge Quantum Computing ("CQC") is pleased to announce that following extensive experimentation and joint collaboration with JSR Corporation ("JSR"),in a project that commenced in Q3 2017,they have successfully implemented state-of-the-art quantum algorithms to calculate the excited states of molecules that take into account multi-reference characteristics.

Quantum chemistry is seen as the first real-world application of quantum computing,where new computational methods can achieve results in the design and discovery of new materials that has not,until now,been possible. Successfully implementing quantum algorithms that account for multi-reference states represents,for the first time,a new advance in building a solid foundation for the simulation of more complex quantum chemistry applications,and move from merely experimental and theoretical use cases for quantum computing to actual real-world applications that have the potential to affect society in fundamental and profound ways. This quantum application therefore means that chemical and pharmaceutical companies and anyone who is interested in new material discovery now has a practical way to work with quantum computers that is not merely theoretical in scope.

CQC and JSR are part of the IBM Q Network,and further advanced work will continue with the implementation of CQC's quantum chemistry application on the state of-the-art quantum processor that IBM has developed. The quantum algorithms required for these tests are being designed to be seamlessly compatible with the Qiskit open-source quantum computing framework and have benefitted in their development by experiments that were implemented and tested on IBM's 16 qubit quantum computer in the IBM Q Experience. This compatibility has been made possible due to the partnership between CQC and JSR with scientists from IBM,and is being implemented using a quantum compiler that is part of t|ket> (CQC's proprietary and platform agnostic software stack and user interface).

About Cambridge Quantum Computing

Established in 2014,Cambridge Quantum Computing (CQC) is a world leading independent quantum computing company combining expertise in Quantum Information Processing,Quantum Technologies,Artificial Intelligence,Quantum Chemistry,Optimisation and Pattern Recognition. CQC design solutions that will benefit from quantum computing even in its earliest forms.

For more information about CQC,visit http://www.cambridgequantum.com

About JSR Corporation

JSR Corporation is a multinational company employing over 7,000 people worldwide and a world leading materials supplier in a variety of technology driven markets. JSR's global network is headquartered in Tokyo (Japan) and has factories and offices in Japan,Europe,US,mainland China,Taiwan and Korea.

JSR is a research-oriented organization that pursues close collaborations with leading innovators in a number of industries that are a key to the present and future welfare of human society: electronic materials,life-sciences,synthetic rubbers,display and optical materials.

For more information about JSR Corporation,visit http://www.jsr.co.jp/jsr_e/