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NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Partners with Davidson Technologies to Place Second Advantage™ Quantum Computer in the United States, and Reports Results of New Study

Company: D-Wave Quantum Inc. (QBTS)
Category: News

 

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the world’s first commercial supplier of quantum computers, has announced the planned placement of the second U.S.-based D-Wave Advantage quantum computer.

According to the announcement, the D-Wave Advantage system will be located at Davidson Technologies’ new global headquarters in Huntsville, Alabama and could be the first in the United States that is certified for sensitive applications using annealing quantum computing. It is anticipated that the system could advance quantum’s role in national security and support the critical mission of defending the United States and its allies, both at home and abroad.

“Davidson has a track record of embracing emerging and advanced technologies to address unique and critical national defense challenges and protect our nation’s interests,” said D-Wave Quantum CEO Dr. Alan Baratz in the press release. “By placing an Advantage quantum computing system onsite at Davidson’s headquarters and creating a unique operating environment, we’re opening up opportunities to tackle the US government’s most pressing computational problems.”

In addition, D-Wave is reporting the results of a new study it commissioned with Hyperion Research, which revealed that a majority of surveyed businesses that are currently actively using quantum computing anticipate an “exceptional return on investment” (ROI) from their quantum optimization efforts. Specifically, the study reports an expected combined potential positive financial impact from quantum optimization investments, totaling up to an estimated $51.5 billion return for the surveyed organizations. The results, which were announced at D-Wave’s global Qubits 2024 user conference, polled more than 300 organizations in the United States and the European Union.

“In my view, the data is clear: quantum computing has arrived as a critical business imperative,” said Dr. Baratz in the press release. “Those who proactively embrace this technology and invest in optimization efforts stand to reap significant rewards. The anticipated gains and ROI projections paint a compelling picture of a possible near-term future where quantum computing becomes a fundamental driver of business success.”

To view the full press releases, visit https://nnw.fm/tHbUZ and https://nnw.fm/XB4kN

About D-Wave Quantum Inc.

D-Wave Quantum Inc. (NYSE: QBTS) is a leader in quantum computing systems, software and services focused on delivering value to our customers via practical quantum applications for problems such as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, fault detection and financial modeling. As the only provider building both annealing and gate-model quantum computers, the company is unlocking commercial use cases in optimization today, while building the technologies that will enable new solutions tomorrow. Founded in 1999, D-Wave is the world’s first commercial supplier of quantum computing solutions.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://nnw.fm/QBTS

Forward Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

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