D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and Davidson Technologies received strong support from local and federal lawmakers at the Space and Missile Defense Symposium that was held on August 6th for bringing advanced quantum computing to Alabama.
Huntsville Mayor Tommy Battle joined D-Wave and Davidson to emphasize the strategic significance of placing a D-Wave quantum computer at Davidson’s new global headquarters in Huntsville, AL. D-Wave’s state-of-the-art Advantage™ quantum computing system is expected to be installed at Davidson’s headquarters in 2025, with this forthcoming installation marking a major milestone in the country’s quantum computing leadership.
“As Congress continues to task the Department of Defense with adopting quantum computing technologies to solve problems in the near-term, we believe this system will play an essential role for government agencies’ use case identification, application development, and workforce training,” said Dr. Alan Baratz, CEO of D-Wave. “Davidson is well known for developing applications that use emerging technologies to safeguard the nation, and we are excited to engage with Davidson and the larger Alabama community to apply quantum technologies in support of national security efforts.”
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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.
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 the company’s most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of the company’s Quarterly Reports on Form 10-Q and in its 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 the company on the date hereof. The company undertakes no duty to update this information unless required by law.
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