B.C. Provincial Government Officials Tour D-Wave’s Quantum Engineering Center of Excellence Amid Growing Quantum Adoption and Upskilling

Rhea-AI Summary

D-Wave Quantum announced a visit by B.C. officials to its Quantum Engineering Center in Burnaby, showcasing advancements in quantum technology and the expansion of the Quantum Algorithm Institute's training program. The visit featured Jagrup Brar, B.C. Minister of State for Trade, and Janet Routledge, B.C. Parliamentary Secretary for Labour. They were briefed on D-Wave's recent developments in quantum hardware and software, including the latest hybrid quantum solver and new qubit architecture. The expanded training program aims to provide Canadian students and researchers with access to D-Wave's Leap quantum cloud service to foster a quantum-ready workforce. D-Wave highlighted real-world applications of their technology, such as e-commerce driver scheduling and public sector problem-solving. The officials praised D-Wave’s contributions to innovation and job creation in British Columbia, as well as its global impact on the quantum industry.

Positive

• D-Wave's expansion of the Quantum Algorithm Institute training program provides more opportunities for Canadian students and researchers, enhancing the quantum-ready workforce.
• Showcased advancements in quantum hardware and software, including a new hybrid quantum solver and qubit architecture.
• D-Wave's technology is being applied to real-world problems, such as e-commerce driver delivery scheduling and public sector challenges.
• Positive government recognition of D-Wave's contributions to innovation and job creation in British Columbia.

Negative

• None.

Visit by Jagrup Brar, B.C. Minister of State for Trade and MLA, and Janet Routledge, B.C. Parliamentary Secretary for Labour and MLA, showcased the latest advancements in cutting-edge quantum technology and highlighted expansion of Quantum Algorithm Institute (QAI) training program for Canadian students and researchers

BURNABY, British Columbia--(BUSINESS WIRE)-- D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, and the world’s first commercial supplier of quantum computers, announced that Jagrup Brar, B.C. Minister of State for Trade and MLA for Surrey-Fleetwood, and Janet Routledge, B.C. Parliamentary Secretary for Labour and MLA for Burnaby North, toured the company’s Burnaby-based Quantum Engineering Center of Excellence yesterday. The visit was intended to help inform the B.C. government officials about D-Wave’s latest quantum computing product developments and efforts to spur quantum adoption around the world.

D-Wave’s Chief Development Officer Dr. Trevor Lanting (center) showcasing D-Wave technology with Jagrup Brar, B.C. Minister of State for Trade and MLA for Surrey-Fleetwood (right) and Janet Routledge, B.C. Parliamentary Secretary for Labour and MLA for Burnaby North (left). (Photo: Business Wire)

Aligned with the visit, D-Wave and the Quantum Algorithm Institute (QAI) announced the expansion of a training program designed to give Canadian students and researchers at post-secondary institutions access to the Leap^TM quantum cloud service to facilitate application development. QAI discussed the importance of the expanded quantum training program, which has already shown great success in creating a quantum-ready workforce. To date, students have already submitted nearly 5000 problems to the Leap quantum cloud service.

Minister Brar and Parliamentary Secretary Routledge also met with key D-Wave staff who have built cutting-edge quantum technology that helps businesses, researchers, and governments solve highly complex computational problems. D-Wave shared the company’s recent advancements in both quantum hardware and software solutions, including:

• The newest hybrid quantum solver designed to improve problem solving in complex use cases such as multi-vehicle routing, workforce management, and flow shop scheduling.
• The new qubit architecture, which provides for more powerful quantum systems.
• Real-world quantum use cases, including e-commerce driver delivery scheduling in the province, sustainability applications, and the ability to tackle problems facing the public sector i.e.: supply chain, emergency response and more. Many of these use cases were highlighted at D-Wave’s 2024 Qubits user conference earlier this month.

“We are honoured to have Minister Brar and Parliamentary Secretary Routledge tour our lab to learn more about the incredible innovations coming from our Burnaby office,” said Trevor Lanting, chief development officer at D-Wave. “We believe that D-Wave is leading the quantum industry globally on technical, scientific, and commercial advancements, helping organisations solve complex problems, many of which are also faced by the province. We are also steadfast in our commitment to train the workforce of the future, and our relationship with QAI provides students access to needed training.”

“D-Wave is a B.C. innovation success story, and globally is a driving force in the advancement of quantum technology and its potential uses,” said Minister Brar. “We look forward to seeing D-Wave’s quantum technology applied to help solve British Columbia’s most pressing challenges. Our ambitious efforts to build new trade relationships and promote our high-tech sectors are aimed at bringing made-in-B.C. technologies like those from D-Wave to markets around the world.”

“D-Wave continues to be a leader in quantum technology, and we are proud to see this innovation coming out of Burnaby North,” said Parliamentary Secretary Routledge. “D-Wave has been creating jobs and opportunity within the province for more than two decades, and its leadership in providing global quantum solutions is a testament to the innovation economy we have here in British Columbia.”

“Through the QAI and D-Wave training program, we have already been able to provide training to students and researchers from more than 20 post-secondary institutions across Canada,” said Kelly Best, Vice President of Operations & External Relations of the Quantum Algorithms Institute. “This helps Canadians apply new skill sets in quantum technologies to challenges across industries, and the expanded relationship will provide additional training opportunities and deeper workforce development.”

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 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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240626310472/en/

For media inquiries:

D-Wave

Alex Daigle

media@dwavesys.com

Source: D-Wave Quantum Inc.

FAQ

What did the B.C. officials tour at D-Wave's Quantum Engineering Center?

B.C. officials toured D-Wave's Quantum Engineering Center in Burnaby to learn about the latest advancements in quantum technology and the expansion of the Quantum Algorithm Institute training program.

Who visited D-Wave's Quantum Engineering Center of Excellence?

Jagrup Brar, B.C. Minister of State for Trade and MLA, and Janet Routledge, B.C. Parliamentary Secretary for Labour and MLA, visited the center.

What advancements did D-Wave showcase during the officials' visit?

D-Wave showcased its latest developments in quantum hardware and software, including a new hybrid quantum solver and qubit architecture.

How is D-Wave contributing to the quantum-ready workforce in Canada?

D-Wave, in collaboration with the Quantum Algorithm Institute, expanded a training program that provides Canadian students and researchers access to the Leap quantum cloud service.

What real-world applications of D-Wave's technology were highlighted during the visit?

Applications such as e-commerce driver delivery scheduling, sustainability projects, and public sector problem-solving like supply chain and emergency response were highlighted.

What is the stock symbol for D-Wave Quantum?

The stock symbol for D-Wave Quantum is QBTS.