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Viewbix Highlights Major Early Progress in Quantum Error Correction Technology
Globenewswire· 2026-01-21 13:55
Core Insights - Viewbix Inc. has made a significant advancement in its quantum-focused initiatives through its subsidiary Quantum Transportation Ltd., achieving Milestone 1 in the Transformer-Based Quantum Decoder program [1][3] Group 1: Milestone Achievements - Milestone 1 was successfully completed, which is crucial for the company's intellectual property license from Ramot at Tel Aviv University, related to a pending patent for a machine-learning-powered Quantum Error Correction (QEC) decoder [3][4] - Quantum computers are recognized for their potential to solve complex problems across various fields, but they face challenges due to noise and error-prone qubits, making Quantum Error Correction a critical hurdle for practical applications [2][6] Group 2: Future Plans - Quantum Transportation is progressing to Milestone 2, which involves developing a System Proof of Concept, including thorough patent feasibility assessments and in-depth research into QEC models [4][6] - The company is exploring real-world implementation paths and has initiated early discussions with potential design partners and collaborators [8] Group 3: Acquisition Details - Viewbix has signed a definitive agreement to acquire up to 100% of Quantum X Labs, which includes an expanding patent portfolio related to quantum error correction [4] - The acquisition is expected to close within 90 days from December 15, 2025, pending due diligence and regulatory approvals, with stockholder consent already obtained [4]