wp header logo 13

EPB and Qubitekk Launch Commercial Quantum Network to Accelerate Development and Adoption of Quantum Products – Yahoo Finance

Breaking News Trending

CHATTANOOGA, Tenn., Nov. 30, 2022 /PRNewswire/ — Building on a “R&D 100″ award-winning effort to run quantum cybersecurity technologies, EPB of Chattanooga and Qubitekk have joined together to launch America’s first industry-led, commercially available quantum network designed for private companies as well as government and university researchers to run quantum equipment and applications in an established fiber optic environment. EPB Quantum NetworkSM is a quantum-as-a-service offering that will provide quantum technologists with fiber optic infrastructure that integrates the latest foundational quantum equipment and software to accelerate their process for bringing quantum technologies to market.
Quantum technologies represent a new frontier to exponentially advance cybersecurity, sensing and next generation computing. This holds the promise for revolutionary benefits in protecting people from cyberthreats, launching a next generation internet and developing new advancements in healthcare, finance and other industries.
EPB Board Chair Vicky Gregg described how the project addresses a critical national priority while also aligning with EPB’s commitment to economic development in the Chattanooga area it serves. “With the growing global focus on the potential for quantum technologies to solve problems that would require decades of conventional computer processing, both U.S. companies and the federal government are investing billions of dollars in this emerging sector,” Gregg said. “EPB Quantum Network gives Chattanooga the opportunity to attract new investment while accelerating breakthroughs that could make a real difference for our community and the nation as a whole.”
David Wade, EPB president and CEO, likened the establishment of EPB Quantum Network to the deployment of Chattanooga’s fiber optic network and the launch of America’s first community-wide Gig-speed internet service. “When EPB announced ‘The Gig,’ everyone was asking what you can do with that much internet speed?” Wade said. “Since then, Gig-speed internet has served as a platform for innovation in opening up new opportunities for increased productivity, remote work, education, telehealth, entertainment and more. EPB Quantum Network is our step in opening up new vistas of possibility.”
Quantum-based communications reproduce a naturally occurring phenomenon in which a pair of light particles (photons) can be linked or “entangled” such that any change in one of the photons is instantaneously mirrored by its twin even when they are separated by great distances.
EPB’s primary partner in the project is Qubitekk, America’s foremost leader in designing, building and integrating the components for quantum networks, a precursor to the future development of the quantum-enabled internet. EPB Quantum Network is equipped with Qubitekk’s Bohr IV, a proprietary quantum networking system that generates, transmits and measures qubits.
“If U.S. companies and researchers continue to develop quantum technologies in isolation, they face barriers such as the cost and time necessary to put together an end-to-end solution instead of focusing on their particular piece of the puzzle,” said Dr. Duncan Earl, president and CTO of Qubitekk, Inc. “EPB Quantum Network powered by Qubitekk is purpose-built infrastructure that allows quantum technologists to run their solution collaboratively with other technologies while retaining their proprietary data and intellectual property.”
Bob Corker, former United States Senator and former Chairman of the Senate Foreign Relations Committee emphasized the value of market-based solutions. “This is really a question of maintaining the global competitiveness of the United States,” he said. “As a country, it is critical for us to accelerate the development of quantum technologies to ensure our national cybersecurity and maintain America’s leadership position in the world. EPB Quantum Network is a critical resource for lowering the barriers to entry for private companies, so we can move quantum technologies into real-world application.”
The foundation for EPB Quantum Network builds on an R&D 100 award-winning effort that began more than five years ago. With U.S. Department of Energy funding aimed at securing America’s electric grid against cyberthreats, EPB, Qubitekk, Oak Ridge National Laboratory and Los Alamos National Laboratory partnered in 2021 to run quantum encryption technologies across real-world fiber optic loops that EPB established between some of its electric substations. As a result of the expertise EPB and Qubitekk gained through this earlier work and the technical breakthroughs they achieved, EPB Quantum Network is a comprehensive quantum network solution.
“This project shows how our effort to build partnerships among Oak Ridge National Laboratory, EPB and other technology-focused companies and organizations across the Tennessee Valley Technology Corridor can translate cutting-edge science into marketplace solutions,” said U.S. Congressman Chuck Fleischmann (TN-03).
“In Chattanooga, EPB’s unparalleled community-wide fiber optic network has already helped generate nearly $2.7 billion in economic benefits – including more than 9,500 jobs – since it was completed more than a decade ago,” said Mayor Kelly “Plain and simple, EPB is one of Chattanooga’s greatest competitive advantages, and we have a real opportunity to build on that success. The EPB Quantum Network will once again position Chattanooga as an innovative leader in an emerging sector that will be vital to our national economy in the months and years ahead.”
“In Hamilton County, we’re focused on working together to offer an ideal business environment for companies ranging from start-ups to well-established enterprises,” said Hamilton County Mayor Weston Wamp. “The quantum future of Hamilton County is going to open up incredible opportunities for us to develop the most dynamic workforce in the South.”
According to Dr. Steven Angle, chancellor of the University of Tennessee at Chattanooga (UTC), EPB Quantum Network also represents an opportunity for academic researchers and workforce development. “We’re proud to locate one of the EPB Quantum Network nodes on our campus,” said Chancellor Angle. “We’re also working to help EPB build out a quantum ecology to support new business investment. At the same time, we’re adding to our quantum physics faculty and building a curriculum to prepare a workforce for quantum companies. UTC will also serve as a gateway for building partnerships with other universities across the nation.”
EPB and Qubitekk are already utilizing EPB Quantum Network to share quantum states between two Quantum Equipment Hubs over a commercial fiber optic network. By Summer 2023, the team will establish additional Quantum Nodes where subscribers can install their own quantum equipment. This will allow private companies, government agencies and academic researchers to use the quantum-as-a-service offering. EPB Quantum Network is reconfigurable for different needs using Qubitekk’s Bohr IV™ quantum networking system, which integrates foundational quantum network technologies including:
Photonic qubit sources
Four parallel qubit channels
Single photon counting detectors
Quantum-compatible fiber optic switches
Integrated automatic polarization control
Flexible, software-defined network architecture
Dedicated fiber optic lines for distributing qubits
Precision timing
Because EPB’s network spans the Chattanooga area with more than 3,750 cable miles of distribution fiber optics, EPB Quantum Network is easily scalable. In addition, EPB’s fiber optic network has a dedicated fiber optic connection to Oak Ridge National Laboratory and multiple fiber optic transport lines to major internet hubs. EPB recently upgraded its core network to 100 gig capacity and is more than halfway through a five-year, $70 million system-wide upgrade to keep Chattanooga’s community-wide fiber optic network on the cutting edge. As a result of this investment, EPB recently launched America’s first community-wide 25 Gig internet service.
Companies and researchers interested in learning more about using EPB Quantum Network to accelerate their quantum technologies to market can learn more at EPBQuantumNetwork.com.
Media assets can be accessed at epb.com/quantummediakit
About Qubitekk
Qubitekk designs, builds and integrates the hardware and software for quantum networks, a precursor to the quantum-enabled internet while championing the growth of a robust quantum ecosystem through education, advocacy and collaboration.
Co-founded by Dr. Duncan Earl, a nationally recognized pioneer in the field of practical quantum applications, Qubitekk holds more patents than any American player in the quantum communications space and has been recognized with an Edison Gold Award and R&D World’s R&D 100 award.
The company’s growing list of partners and customers includes NASA, GE, Verizon, Juniper, Boeing, the United States Department of Energy and the United States Department of Defense. For more information, visit www.Qubitekk.com.
About EPB
EPB serves the people of the Chattanooga area with advanced smart city infrastructure to enable world-class energy and connectivity solutions that include the most resilient smart grid power distribution system in the United States and the fastest internet in the world. EPB gained national notice when it deployed a community-wide fiber optic network accessible to all its customers and used it to launch America’s first Gig-speed internet in 2010 (beating Google Fiber by 4 years) as well as the first community-wide 10 Gig internet service available as a standard offer to all residences and businesses in 2015. Most recently, EPB launched America’s first community-wide 25 Gig internet service, future-proofing the network’s capacity and keeping Chattanooga on the cutting edge.
EPB also utilized the fiber optic network as the communications backbone for deploying more than 200,000 smart switches, sensors and other devices to establish the most advanced and highly automated smart grid in the nation. As a result, the U.S. Department of Energy named EPB a living laboratory for pioneering smart grid technologies. Since then, EPB has partnered with Oak Ridge National Laboratory, the University of Tennessee at Chattanooga, and more than 20 other national research partners to play a critical role in more than $155 million in smart city research. EPB was also the first major power distribution utility to earn the GBCI’s PEER certification for having a highly automated, modernized electric power grid in 2015 and followed up in 2021 by re-certifying at PEER Gold.
EPB is an independent board of the City of Chattanooga which began serving customers in 1939. Visit epb.com for more information.
View original content to download multimedia:https://www.prnewswire.com/news-releases/epb-and-qubitekk-launch-commercial-quantum-network-to-accelerate-development-and-adoption-of-quantum-products-301690778.html
Ada, the customer-focused conversational AI leader, today announced the addition of Diego Lomanto as chief marketing officer and Ruby White as vice president of people to the Canadian unicorn's growing executive team.
There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to…
The Minister of Labour, Seamus O'Regan Jr. will be joined by Bea Bruske, President of the Canadian Labour Congress for a media scrum on the coming into force of 10 days of paid sick leave in all federally regulated private sector workplaces.
The surprisingly dovish tone of Fed Chair Jerome Powell's speech on Wednesday is likely to drive world markets until the Fed's December policy meeting, but for Asia, China's economic data and government response to the ongoing domestic protests will be no less important. The IMF, the U.S. Treasury Secretary and the world's biggest bond fund all chipped in with their views on China on Wednesday, although what investors really want to hear is word from Beijing. The economic outlook is deteriorating.
With its most recent equity crowdfunding raise, StartEngine is officially a unicorn. The company has been entirely funded by retail investors, with some of them sitting on massive gains. With the company's monumental rise to being one of the biggest equity crowdfunding portals on the planet, lots of investors who invested in some of its earliest rounds are sitting on substantial gains. StartEngine has been on a roll recently with a number of big announcements. It recently acquired leading equity
House Democrats unanimously elected Hakeem Jeffries to be minority leader next year, making him the first Black lawmaker to be elected to a top congressional leadership post. Bloomberg Contributor Jeanne Sheehan Zaino is on "Balance of Power." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
The number of job openings on LinkedIn offering remote work has shrunk from the height of the pandemic as the power tilts back toward employers.
UPDATED: CNN started to inform staffers of layoffs, as its chairman and CEO Chris Licht wrote that notices will go out on Wednesday and Thursday. “Today we will notify a limited number of individuals, largely some of our paid contributors, as part of a recalibrated reporting strategy,” Licht wrote in a memo, shared on Twitter […]
The accelerated pace of 5G deployment should help the Zacks Wireless National industry thrive despite chip shortages and raw material price volatility. T, CMBM and STRY are well poised to make the most of the current scenario.
Investors were happy that the company has extended its winning streak with a well-known IT industry researcher.
China has enrolled tech giants Alibaba Group Holding Limited (NYSE: BABA) and Tencent Holding Ltd (OTC: TCEHY) to aid its efforts in designing semiconductor chips to reduce its dependence on Softbank Group Corp (OTC: SFTBF) (OTC: SFTBY)-owned Arm. Arm, headquartered in the U.K. but has significant operations in the U.S., is seen as vulnerable to any ramping-up of U.S. sanctions, Financial Times reported. The Chinese government has established a consortium of companies and institute Beijing Open
Datadog (DDOG) announces new integration with Amazon Security Lake, boosting efforts toward cloud security management.
FedEx has partnered with Cart.com, the Austin-based provider of e-commerce solutions that raised $240 million in debt and equity fundraising early in 2022.
Developers should move their applications over to either the Goerli or Sepolia testnets.
Salesforce Inc provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
According to Cardano founder Charles Hoskinson, the demise of FTX is a bellwether for a move "from companies and people to protocols."
The self-proclaimed hacker demanded $450,000 after falsely claiming to be in possession of sensitive Coinbase customer data.
The addition is part of a major overhaul of the Casa app which will be relaunched in January.
Needham analyst Scott Berg reiterated a Buy on Monday.Com Ltd (NASDAQ: MNDY) with a $230 price target. He attended Monday.com's Elevate customer conference in NYC yesterday. His key takeaway was on significant product strategy enhancements that are almost exclusively focused on driving the scale and functionality required within larger deployments. Especially for larger enterprise segment customers, he believes they are starting to standardize and rationalize their Collaborative Work Management
Snap Inc (NYSE: SNAP) CEO Evan Spiegel told employees that he expects them to be in the social media company’s offices in person 80% of the time starting in February. “I believe that spending more time together in person will help us to achieve our full potential,” Bloomberg reports citing his internal memo. That means an average of four or more days per week in the office for full-time employees, with some flexibility allowing for tasks such as client meetings to count as in-office time. Also R


Leave a Reply

Your email address will not be published. Required fields are marked *