D-Wave (NYSE: QBTS) Supports Near-Term Quantum Development Highlighted in Recent NDAA

January 2, 2024 11:10:02

D-Wave (NYSE: QBTS), a leader in quantum computing systems, software and services and the world’s first commercial supplier of quantum computers, commends the U.S. government’s policy makers for including a quantum pilot program focused on near-term quantum computing applications in the National Defense Authorization Act (“NDAA”). The act was passed by Congress and signed into law by President Biden on December 22, 2023, establishing a program focused on near-term applications development to solve problems facing the Department of Defense (“DOD”) including the Armed Forces.

“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.”

To view the full press release, visit https://ibn.fm/F7R2c

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. The company’s mission is to unlock the power of quantum computing today to benefit business and society. D-Wave does 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 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. For more information, visit the company’s website at www.dwavequantum.com.

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