Quantum Research Sciences receives U.S. Air Force’s first Quantum Computing Phase III contract

Posted under: SMB
Date: 2024-01-23
Quantum Research Sciences receives U.S. Air Force’s first Quantum Computing Phase III contract

Quantum Research Sciences (QRS), a software company connected to Purdue University, has secured a $2.5 million, three-year Phase III Small Business Technology Transfer contract from the U.S. Air Force. QRS aims to deliver the Department of Defense's first operational quantum computing software for inventory optimization. A majority of the world’s inventory, whether it be in the military or private industry, sits on the shelf because user demand is not easy to predict. The Air Force considers much of its inventory unforecastable, and the consequence is that too many or too few parts are in the supply chain. The software utilizes quantum computing to accurately identify optimal inventory levels, addressing challenges in supply chain management where demand prediction is difficult. The Air Force will be the initial customer, benefitting from a 28% improved accuracy over classical computers.

Read more at: www.purdue.edu