Big News Brightcom Group

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  • #14490
    Brightspot
    Registered Boarder

    August 31, 2022
    BSE Limited National Stock Exchange of India Limited
    P. J. Towers, 25th Floor, Exchange Plaza, Bandra Kurla Complex,
    Dalal Street, Mumbai – 400001. Bandra (E), Mumbai – 400051.
    Scrip Code: 532368 Symbol: BCG
    Dear Madam / Sir,
    Sub: Brightcom Group to set up a new division focusing on “Quantum Computing.”
    Brightcom Group has decided to enter the “Quantum Computing “domain. As a first step, it would set
    up a dedicated lab in San Francisco Bay Area, California, with a team of Quantum Technology experts
    across the Globe. The objective is to advance Quantum computing technologies for AdTech and other
    digital marketing requirements of the company.
    Quantum Computing has an immediate use case in many of our domains: Search marketing, social
    networks, constructing quick persona & profiles, Ad tracking, Web analytics, campaign simulations
    and such. Quantum computing can reduce the time and resources required for the global ad-tech
    industry by manifold. With technological advances in hardware and software, we believe Quantum
    Computing is at the cusp of an explosion. Thus, it is an appropriate time for the investment to create
    future growth engines for the group. It represents the next frontier for technological innovation for
    Brightcom Group.
    This new division, BRIGHTCOM QUANTUM, will be led by our President of Group Strategy, Mr Peshwa
    Acharya, an IIT Engineering graduate.
    Peshwa brings leadership experience, built over the last 29 years across FMCG, Retail, Telecom,
    Technology, Ecommerce and Hospitality domains. He is an alumnus of IIM Calcutta & IIT Kharagpur
    and has worked in various cities in India and across Asia and Africa. Peshwa’s corporate journey
    includes working at P&G, Reckitt, Pepsi, Dabur, Reliance Retail, Globacom (Africa) and Sterling
    Holidays (A Fairfax company). Later in 2015, he was handpicked as the first CEO of IIT Bombay
    Research & Innovation Park (ASPIRE).
    Quantum Computing: A brief background
    The origins of quantum computing date back to 1981, the same year IBM released its first personal
    computer.
    Quantum computing is based on the fact that quantum-mechanical phenomena, such as chemical
    reactions and the flow of electrons through semiconductors, are best simulated with machines based
    on quantum mechanical rules. Also, compared to ordinary computers, quantum computers have the
    potential to do calculations much, much faster. Standard computers store data and perform
    computations using bits with only two states, either one or zero. On the other hand, a quantum
    computer uses qubits, which can be one and zero, simultaneously until they are measured, at which
    time their states become known. Therefore, the total number of states doubles with each added qubit.
    One qubit is two possible states; two is four possible states, three is eight, and so forth, which leads
    to an asymptotic increase in the states it can represent.
    In the future, more robust, powerful versions of quantum computers, which exploit the properties of
    matter at subatomic scales to significantly improve processing power, could revolutionize
    computing, encrypt data, and investigate some of the most mysterious aspects of nature.
    We believe thatthe super combination of Quantum computing&Artificial Intelligence would leapfrog
    and disrupt existing methods, businesses and tech domains.
    This announcement is made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
    Request you to take the same on record and oblige.
    Thanking you,
    Yours faithfully,
    for BRIGHTCOM GROUP LIMITED
    Authorised Signatory

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