D-Wave Stands Ready To Support New U.S. Law Creating Pilot Program On Near-Term Quantum Computing Applications
December 26 2023 - 7:00AM
Business Wire
Government Action Will Accelerate Use of
Quantum at Department of Defense and National Security
D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing
systems, software, and services and the world’s first commercial
supplier of quantum computers, commends U.S. policy makers for
including a quantum pilot program focused on near-term quantum
computing applications in the National Defense Authorization Act
(NDAA) that was passed by Congress and signed into law by President
Biden on December 22, 2023. This significant action establishes a
program focused on near-term applications development to solve
problems facing the Department of Defense (DOD) including the Armed
Forces. This program will test, evaluate, and use quantum and
quantum-hybrid applications to address problems facing our defense,
military, and national security operations, such as meeting the
near-term needs of warfighters, and explicitly calls out
consideration to use annealing quantum computing and quantum-hybrid
technologies. The new law also calls for building and strengthening
relationships between the DOD, academic institutions, small
businesses, and non-traditional defense contractors, an important
move given the significant quantum innovation driven by small
businesses like D-Wave.
The pilot program aims to build and mature demonstrations, proof
of concepts (POCs), and pilots using all viable quantum computing
systems ensuring that the U.S. Defense department is using the best
available technology to achieve mission objectives. D-Wave has
already developed demos, POCs, and applications for other
governments and businesses around the world to solve optimization
challenges and has the technology that is necessary to begin
working with the U.S. government today. For example, commercially
available annealing quantum computing systems have been used by
SavantX at the Port of Los Angeles to optimize the operations of a
cargo pier to address global supply chain challenges facing our
nation. In addition, D-Wave and its customers have built near-term
applications and demos for last-mile resupply during emergency
response for the Australian Army, as well as applications for
carbon emission reduction and optimization of tsunami evacuation
routes in Japan. Applications have also been developed to mitigate
potential attacks including a missile interceptor assignment
application and radar scheduling application.
“We applaud Congress and the Administration for taking this
critical step to accelerate the use of quantum to provide solutions
for critical challenges facing DOD and our military,” said Dr. Alan
Baratz, CEO of D-Wave. “This bipartisan action also moves us closer
to other global leaders who have already begun to build
applications that benefit national security. D-Wave and its
customers have already built several quantum-hybrid applications
that can provide important benefits for the military, and we look
forward to working with the government to advance this new pilot
program.”
This new program aligns with other Congressional language on
quantum calling for near-term application development and
inclusivity of annealing, gate-model, and quantum-hybrid
technologies in a variety of pieces of legislation expected to move
next year.
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum
computing systems, software, and services, and is the world’s first
commercial supplier of quantum computers—and the only company
building both annealing quantum computers and gate-model quantum
computers. Our mission is to unlock the power of quantum computing
today to benefit business and society. We do this by delivering
customer value with practical quantum applications for problems as
diverse as logistics, artificial intelligence, materials sciences,
drug discovery, scheduling, cybersecurity, fault detection, and
financial modeling. D-Wave’s technology has been used by some of
the world’s most advanced organizations including Volkswagen,
Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens
Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd.,
DENSO, Lockheed Martin, Forschungszentrum Jülich, University of
Southern California, and Los Alamos National Laboratory.
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.
Forward-looking statements in this press release include, but are
not limited to, statements regarding the initiatives that will be
implemented under the NDAA and the potential impact of such
initiatives. These forward-looking statements are subject to a
number of risks and uncertainties, including, among others, various
factors beyond management’s control, including the risk that the
NDAA may be modified in the future or that the initiatives under
the NDAA may not go as planned; general economic conditions and
other risks; our ability to expand our customer base and the
customer adoption of our solutions; risks within D-Wave’s industry,
including anticipated trends, growth rates, and challenges for
companies engaged in the business of quantum computing and the
markets in which they operate; the outcome of any legal proceedings
that may be instituted against us; risks related to the performance
of our business and the timing of expected business or financial
milestones; unanticipated technological or project development
challenges, including with respect to the cost and/or timing
thereof; the performance of our products; the effects of
competition on our business; the risk that we will need to raise
additional capital to execute our business plan, which may not be
available on acceptable terms or at all; the risk that we may never
achieve or sustain profitability; the risk that we are unable to
secure or protect our intellectual property; volatility in the
price of our securities; the risk that our securities will not
maintain the listing on the NYSE; and the numerous other factors
set forth in D-Wave’s Annual Report on Form 10-K for its fiscal
year ended December 31, 2022 and other filings with the Securities
and Exchange Commission. 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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version on businesswire.com: https://www.businesswire.com/news/home/20231226413422/en/
Investors: Kevin Hunt ir@dwavesys.com Media: Alex
Daigle media@dwavesys.com
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