D-Wave Quantum Inc. (NYSE: QBTS) and Davidson Technologies, Inc. Collaborate on Applications to Advance National Defense Efforts

  • D-Wave and Davidson revealed new joint applications focused on interceptor assignment and optimized radar scheduling at the recent Space and Missile Defense Symposium
  • The companies are working together to advance intelligent technology solutions for the defense and aerospace industries, creating applications that could support a variety of mission objectives

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, has announced that progress has been made in a collaboration with Davidson Technologies, Inc., a technology services company that provides innovative engineering, technical, and management solutions for the Department of Defense, aerospace, and commercial customers. The collaboration between D-Wave and Davidson is intended to create solutions that advance national defense efforts. Both companies were present at the Space and Missile Defense Symposium, revealing that together, they have built two applications – focusing on interceptor assignment and optimized radar scheduling (https://ibn.fm/XU9oE).

The interceptor assignment application is designed to mitigate potential attacks and can take into account multiple complex variables. These include missile capability in negating threats, a balanced allocation of missiles to threats, and the availability of resources to help quickly identify potential defense threats and key mitigation tactics. The radar scheduling application efficiently manages the time-limited resources of a phased-based array radar system and enables scheduling communication with moving objects.

“During times of military response, speed matters, and our artificial intelligence, powered by D-Wave’s technology, provided an answer much faster than other computational options,” said Major General John W. Holly (US, Ret.), president, CEO, and Chairman of Davidson. “Our mission is to deliver advanced, agile technology solutions in defense of our Nation, and together with D-Wave, we’re providing our government customers with critical applications in service to our country.”

D-Wave and Davidson have been collaborating since August 2022, when they entered into a multi-year reseller agreement that allows Davidson to resell D-Wave’s products and services – including Leap(TM) quantum cloud services. Leap allows developers proficient in Python to start building and running quantum applications. Users can easily start solving complex problems of up to one million variables and 100,000 constraints through a seamless and secure cloud-based connection.

Leap delivers immediate, real-time access to D-Wave’s Advantage(TM) quantum computer and quantum hybrid solver service – all with enterprise-class performance and scalability. By using Leap, D-Wave’s customers have developed quantum hybrid applications for use cases in manufacturing, logistics, financial services, life sciences, materials science, retail, and transportation. These use cases can be found within the company’s customer success stories (https://ibn.fm/P6eDy).

“By utilizing emerging and advanced technologies, Davidson is able to provide its customers with unique military implementation and national defense tools,” said Dr. Alan Baratz, CEO of D-Wave. “We share that spirit of imagining the unimaginable and harnessing the power of technology to keep America safer. We are excited to see advancement in our collaboration and look forward to more robust application development over our multi-year relationship.”

D-Wave and Davidson are working together to advance intelligent technology solutions for defense and aerospace industries, creating applications that could support a variety of mission objectives, including, but not limited to, supply chain management, logistics management, weapon system optimization, and vehicle routing. D-Wave’s solutions are available now through its Leap quantum cloud service and work alongside other technologies like high-performance computing and artificial intelligence and machine learning (AI/ML).

For more information, visit the company’s website at www.DWaveQuantum.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

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 collaboration between D-Wave and Davidson and the results thereof. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including general economic conditions and other risks; D-Wave’s ability to expand D-Wave’s customer base and the customer adoption of D-Wave’s 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 D-Wave’s 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 D-Wave’s products; the effects of competition on D-Wave’s business; the risk that we will need to raise additional capital to execute D-Wave’s 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 D-Wave’s intellectual property; volatility in the price of D-Wave’s securities; the risk that D-Wave’s 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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