Home News Quad M solutions, Inc.( $MMMM:OTC ) has executed a Memorandum Of Understanding...

Quad M solutions, Inc.( $MMMM:OTC ) has executed a Memorandum Of Understanding (MOU) with Quantum $QUBT)

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Quad M solutions, Inc.( $MMMM:OTC ) has executed a Memorandum Of Understanding (MOU) with Quantum $QUBT) to develop and deliver a quantum solution for improving the efficiency of the company’s self-underwritten medical insurance.

https://www.filingre.com/news/8429181/quad-m-solutions-inc-signs-mou-with-quantum-computing-inc

Edgewater, NJ, Jan. 19, 2022 (GLOBE NEWSWIRE) —Quad M solutions, Inc.(MMMM:OTC) has executed a Memorandum Of Understanding (MOU) with Quantum Computing Inc. (QCI) (Nasdaq:QUBT) to develop and deliver a quantum solution for improving the efficiency of the company’s self-underwritten medical insurance.

Quad M is projected to have tens of thousands of covered employees utilizing its medical benefits solutions through its subsidiary, Nuaxess2, in 2022. Quad M Solutions Inc. will collaborate with QCI in designing a quantum solution utilizing its over 100,000 person and growing database of medical records.

Currently, like all medical insurance companies and other self-insured corporations, Quad M Inc. uses a standard medical questionnaire to underwrite its employees. Quad M intends to use Quantum Computing Inc.’s Qatalyst ready-to-run quantum software to enable Quad M Solutions Inc. to generate a quantum-ready classical computing solution in the short term. This will enable Quad M to factor in multiple variables that had never been considered or utilized to lower its underwriting costs.

The companies intend to market this product to other self-insured corporations and medical insurance companies once it is perfected, leveraging insights from the current medical records. They believe this to be a potential multi-billion dollar market. Quad M Solutions Inc. will pay Quantum Computing Inc. between 5-10 dollars per employee per month for the services provided by QCI.

Mr. Joseph Frontiere, CEO of Quad M Solutions Inc., said “QCI is the only company with software that allows us to set up our underwriting solution in a quantum way. It is agnostic to any quantum hardware or classical computer, thereby allowing us to use the present state-of- the-art technology to massively improve our underwriting process. The present state of quantum and super computers has reached the point whereby we felt that this will give us a huge technological competitive advantage in the staffing solutions industry. I am very proud to be working with one of the most innovative software companies in the world.”

Mr. Robert Liscouski, CEO of Quantum Computing Inc., said “Working with Quad M Solutions offers our company a real world test case while delivering significant revenue. We expect to create a joint product that we will take to market for the multi-billion dollar insurance industry. Qatalyst software is perfectly designed to use the current state-of-the-art computer technology to deliver more accurate and diverse insights in the underwriting process.”

 

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