ParTec AG / DE000A3E5A34
27.11.2023 - 09:01:06ParTec AG and Quantum Machines intensify successful cooperation
| ParTec AG / Key word(s): Miscellaneous 27.11.2023 / 09:01 CET/CEST The issuer is solely responsible for the content of this announcement. Munich, 27 November 2023 - ParTec AG, a leader in the development and construction of modular supercomputers, and Quantum Machines, a provider of breakthrough quantum control solutions that accelerate the development of practical quantum computers, have announced plans to intensify their collaboration. ParTec and Quantum Machines will collaborate on the development of products that bring together Quantum Machines’s Quantum Orchestration Platform with ParTec’s proprietary IP. By 2024, ParTec will provide a comprehensive qubit-agnostic solution based on a component-based design and with Quantum Machines’s technology embedded within. This approach allows customers to acquire various quantum processing unit (QPU) technologies from different manufacturers, and have them integrated in a uniform system architecture from one supplier, tailored to their specific needs. Earlier this year, ParTec and Quantum Machines unveiled Qbridge, which was developed by the two companies forms the foundation for seamlessly embedding high-performance and quantum computers. QBridge provides a secure, efficient, and familiar environment for large HPC centers, cloud providers, and research groups seeking to integrate quantum computers into their existing infrastructure. Enhanced with ParTec's ParaStation Modulo software suite, QBridge facilitates modular computing capacity between classical high-performance computing resources and quantum computing resources. QBridge is currently undergoing testing at the Israeli Quantum Computing Centre, with plans for general availability by the end of 2023. Bernhard Frohwitter, CEO of ParTec AG, remarked, “ParTec’s expertise in the development of modular supercomputers and quantum computers perfectly aligns with Quantum Machines' revolutionary technology which allows running even the most advanced quantum algorithms in a wide range of quantum computers and their seamless integration into HPCs.” Quantum Machines CEO Itamar Sivan added, “Our collaboration with ParTec ushers a quantum future that empowers HPC systems with quantum accelerators, and empowers quantum computers with classical HPC resources. It is a major step for quantum-classical supercomputing.” As part of its strategic expansion, ParTec will build a new production plant in Munich for the assembly and testing of cryogenic and non-cryogenic quantum systems. The investment costs are expected to amount to five million euros in the first step. The "ParTec Quantum Factory" is scheduled to start operations in the second half of 2024. About ParTec AG: ParTec AG specialises in the development and manufacture of modular supercomputers and quantum computers as well as accompanying system software. Its offering includes the sale of pioneering high-performance computers (HPC) and quantum computers (QC) as well as consulting and support services in all areas of the development, construction and operation of these advanced systems. The dynamic Modular System Architecture (dMSA) approach is a unique and successful feature of ParTec AG, which has proven particularly successful for the complex requirements of massive computing power in AI. Further information on the company and ParTec AG's innovative solutions in the field of high-performance computing and quantum computing can be found at www.par-tec.com. Contact for press enquiries: E-mail: press@par-tec.com, Phone: +4915122675393 Investor Relations Manager: edicto GmbH Dr. Sönke Knop / Doron Kaufmann partec@edicto.de +496990550551 About Quantum Machines: Quantum Machines (QM) drives quantum breakthroughs that accelerate the realization of practical quantum computers. The company’s Quantum Orchestration Platform (QOP) fundamentally redefines the control and operations architecture of quantum processors. The full-stack hardware and software platform is capable of running even the most complex algorithms right out of the box, including quantum error correction, multi-qubit calibration, and more. Helping achieve the full potential of any quantum processor, the QOP allows for unprecedented advancement and speed-up of quantum technologies as well as the ability to scale to thousands of qubits. Visit us at: www.quantum-machines.co Contact for press enquiries: Gavriel Cohen | gavriel@concrete.media | +1 914-336-4633 27.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | ParTec AG |
| Possartstr. 20 | |
| 81679 Munich | |
| Germany | |
| E-mail: | investor-relations@par-tec.com |
| Internet: | www.par-tec.com |
| ISIN: | DE000A3E5A34 |
| WKN: | A3E5A3 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt (Scale), Munich |
| EQS News ID: | 1781893 |
| End of News | EQS News Service |
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