ParTec AG, a leading modular supercomputing company, is investing five million euros to become a full integrator of quantum computers. The company plans to launch its first quantum computer in 2024, with a production facility in the Greater Munich area. ParTec’s approach is to offer a comprehensive solution that is not tied to a specific provider or technology. The company has developed QBridge, a software for integrating high-performance and quantum computers, in collaboration with Quantum Machines. It is also working on expanding its Parastation Modulo software and will provide a complete solution for the Israeli National Quantum Initiative.
ParTec AG’s strategy is to collaborate with various technology providers to offer comprehensive quantum solutions. This approach differs from the current market trend where quantum computers are developed mainly by qubit technology developers. This traditional approach carries risks for customers, particularly in terms of being tied to a specific provider and technology in a market that is still very volatile.
Quantum Computer Production Facility in Munich
ParTec AG plans to launch its first quantum computer in 2024. To facilitate this, the company has decided to establish a production facility for quantum computers in the Greater Munich area. This facility, named the ‘ParTec Quantum Factory’, is expected to start operations in the second half of 2024.
The company will initially invest five million euros in the construction of this production facility. The facility will be used for the assembly and testing of both cryogenic and non-cryogenic systems.
ParTec AG’s Achievements and Future Plans in Quantum Computing
ParTec AG has already made significant strides in the field of quantum computing. One of its notable achievements is the development of QBridge, a software solution that enables the seamless integration of high-performance and quantum computers. This was created in collaboration with Quantum Machines, an Israeli developer of quantum control and orchestration products.
The company is also actively working on expanding its Parastation Modulo software, used in modular supercomputers. The expansion, Parastation Modulo 2.0, aims to bridge the gap to embed quantum computers into modular supercomputers. Additionally, ParTec AG will deliver a superconducting complete solution and a cloud-based user access and management software infrastructure for the Israeli National Quantum Initiative (INQI). It also plans to establish a new laboratory for exploring hybrid quantum computing in collaboration with NVIDIA and the Jülich Supercomputing Centre (JSC).
The Growing Market for Quantum Computers
According to a study by the International Data Corporation (IDC), spending on quantum computers is expected to increase significantly in the coming years. The study predicts that potential customers’ spending on quantum computers will increase from 1.1 billion dollars in 2022 to 7.6 billion dollars in 2027, with a compound annual growth rate (CAGR) of 48.1% (2023-2027). The study also suggests that quantum computing will revolutionise companies’ ability to solve some of the most complex challenges.
About ParTec AG
ParTec AG is a company that specialises in the development and manufacture of modular supercomputers and quantum computers, as well as accompanying system software. Its services include the distribution of future-oriented High-Performance Computers (HPC) and Quantum Computers (QC) and consulting and support services in all areas of development, construction, and operation of these advanced systems. The company’s approach of modular supercomputing represents a unique selling point. More information on the company and its innovative solutions in high-performance computing and quantum computing can be found on its website.
“Today’s solutions for quantum computers are monolithic designs, mostly developed by qubit technology developers. This approach carries substantial risks for customers, in particular in terms of being tied to a specific provider and technology in a market that still is very volatile with respect to players and technologies. ParTec adopts a different, fresh and innovative approach that will lead to a strong market position.” – Bernhard Frohwitter, CEO of ParTec AG
“Therefore, we have decided to start a project to establish a production facility for quantum computers in the Greater Munich area. The ‘ParTec Quantum Factory’ is expected to start operations in the second half of 2024.” – Dominik Ulmer, Chief Customer Solutions Officer at ParTec
“Quantum computing will revolutionize companies’ ability to solve some of the most complex challenges.” – International Data Corporation (IDC)
Summary
“ParTec AG, a leading company in modular supercomputing, is investing five million euros to establish a production facility in Munich, aiming to launch its first quantum computer in 2024. The company’s innovative approach includes a qubit-agnostic solution and the development of software for seamless integration of high-performance and quantum computers, positioning it as a complete integrator of quantum computers.”
- ParTec AG, a leading company in modular supercomputing, is investing five million euros to establish a production facility in the Greater Munich area, positioning itself as a complete integrator of quantum computers.
- The company offers a comprehensive qubit-agnostic solution, collaborating with leading technology providers to offer complete quantum solutions.
- CEO Bernhard Frohwitter highlights the risks of current monolithic designs in quantum computers and believes ParTec’s innovative approach will lead to a strong market position.
- ParTec plans to launch its first quantum computer in 2024, with operations in the new ‘ParTec Quantum Factory’ expected to start in the second half of the same year.
- The company has developed QBridge, a software solution for integrating high-performance and quantum computers, in collaboration with Quantum Machines.
- ParTec is also expanding its Parastation Modulo software to embed quantum computers into modular supercomputers and will provide a complete superconducting solution and a cloud-based user access and management software infrastructure for the Israeli National Quantum Initiative.
- The company is also establishing a new laboratory for exploring hybrid quantum computing in collaboration with NVIDIA and the Jülich Supercomputing Centre.
- The International Data Corporation predicts that spending on quantum computers will increase from 1.1 billion dollars in 2022 to 7.6 billion dollars in 2027.
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