D-Wave to Deploy Second US-Based Advantage™ Quantum Computer at New Davidson Technologies Global Headquarters

Rhea-AI Summary

D-Wave Quantum announced the deployment of its second US-based Advantage quantum computer at Davidson Technologies' new global headquarters in Huntsville, AL. This system is expected to be the first in the U.S. certified for sensitive applications using annealing quantum computing. Initially, it will be accessible via Leap, D-Wave’s quantum cloud service, to customers in select countries.

Once a secure facility is established, the system may be dedicated exclusively to sensitive application development and operations. This deployment aims to enhance quantum computing adoption among government agencies, emphasizing national security applications. Davidson Technologies will provide government customers with unparalleled access to this advanced technology.

Positive

• Deployment of the second US-based Advantage quantum computer enhances D-Wave's market presence.
• The system will be the first in the U.S. certified for sensitive applications using annealing quantum computing, highlighting its advanced capabilities.
• Initial accessibility via Leap cloud service broadens user base to select countries.
• Potential exclusive dedication to sensitive applications strengthens national security efforts.
• Davidson Technologies' involvement ensures a strategic partnership focused on government and defense sectors.

Negative

• High costs associated with deployment and secure facility setup may impact financials.
• Focus on government and defense sectors may limit commercial market opportunities.
• Potential delays in establishing the secure facility could affect system's operational timeline.

Tech Expert

The deployment of the second US-based Advantage™ quantum computer by D-Wave at Davidson Technologies' headquarters is a significant step for the quantum computing industry. This move, especially within a secure facility, underscores the increasing importance of quantum computing in national security and sensitive applications. Quantum computing, particularly D-Wave's annealing approach, holds immense potential for solving complex optimization problems faster than classical computers. This could revolutionize areas such as cryptography, logistics and defense strategies.

However, it's important to note that true quantum advantage—where quantum computers outperform classical counterparts on practical tasks—is still being realized. While this deployment is a positive indicator of progress, investors should be aware that meaningful commercial applications are still evolving. The partnership with Davidson Technologies highlights the trust and potential seen by government entities in quantum solutions, which could lead to further governmental contracts and funding, enhancing D-Wave's market position.

Overall, this development is promising but should be viewed as part of a longer-term growth strategy rather than an immediate game-changer.

Market Research Analyst

This deployment's impact on the market can be viewed through the lens of industry adoption and government contracts. Davidson Technologies' decision to host the D-Wave Advantage quantum computer suggests confidence in the technology's potential applications, particularly in defense. Government contracts can be highly lucrative and provide a stable revenue source, which is beneficial for D-Wave's financial health and growth prospects.

Quantum computing is still in its nascent stages and market adoption will be gradual. However, this move positions D-Wave as a front-runner in the quantum space, especially within the U.S. defense sector. Investors should monitor how this deployment influences other potential partnerships and contracts, especially with other governmental agencies or private sector players interested in leveraging quantum technology.

Moreover, the broader market will view this as a vote of confidence in D-Wave's technology, potentially leading to an uptick in the company's stock as market sentiment improves.

System expected to become first in the U.S. certified for sensitive applications using annealing quantum computing

PALO ALTO, Calif. & HUNTSVILLE, Ala.--(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, and Davidson Technologies, Inc., a technology services company that provides innovative engineering, technical and management solutions for the U.S. Department of Defense, aerospace and commercial customers, today announced the forthcoming placement of the second US-based D-Wave Advantage quantum computer. Located at Davidson Technologies’ new global headquarters in Huntsville, AL, the system will eventually be housed in a secure facility developed to run sensitive applications using quantum computing technology.

Initially the Advantage system at Davidson will be accessible to all D-Wave customers located in select countries via the Leap™ real-time quantum cloud service. Once the secure facility is established, the system may be exclusively dedicated for sensitive application development and operations. Building on the companies’ existing relationship, the system placement marks an important advancement of the partnership, as D-Wave and Davidson increase efforts to accelerate quantum computing adoption and technology among government agencies, especially in the area of national security.

“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 Dr. Alan Baratz, CEO of D-Wave. “By placing an Advantage quantum computing system onsite at Davidson’s headquarters and creating a unique environment for operation, we’re opening up opportunities to tackle the US government’s most pressing computational problems.”

“By housing the second US-based Advantage quantum computer at our facility in Huntsville, we will provide our government customers with unprecedented access to quantum computing technology in our facility,” said Dale Moore, President of Davidson Technologies. “We’re honored to host a D-Wave Advantage computer and believe this will greatly advance quantum’s role in national security, as we support the critical mission of defending the U.S. and its allies, both at home and abroad.”

About Davidson Technologies, Inc.

For more than 25 years, Davidson has distinguished itself in the aerospace and missile defense industry with an outstanding reputation for performance excellence. Specifically, the company is recognized for innovation and subject matter expertise dedicated to the mission and the Warfighter by designing and delivering advanced, intelligent technology solutions in defense of our Nation.

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 possibility that the D-Wave Advantage quantum computer will never be installed at Davidson Technologies’ headquarters as well as 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/20240617689254/en/

Media:

Davidson Technologies

David Wood

DavidWood@davidson-tech.com

D-Wave

Alex Daigle

media@dwavesys.com

Source: D-Wave Quantum Inc.

FAQ

What is the new deployment announced by D-Wave?

D-Wave announced the deployment of its second US-based Advantage quantum computer at Davidson Technologies' new headquarters in Huntsville, AL.

Where will the new D-Wave Advantage quantum computer be located?

The new D-Wave Advantage quantum computer will be located at Davidson Technologies' global headquarters in Huntsville, AL.

What is significant about the new D-Wave quantum computer deployment?

It is expected to be the first in the U.S. certified for sensitive applications using annealing quantum computing.

Will the new D-Wave quantum computer be accessible to all customers?

Initially, it will be accessible via the Leap cloud service to customers in select countries.

What is the future plan for the new D-Wave system once the secure facility is established?

The system may be dedicated exclusively to sensitive application development and operations.