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D-Wave Quantum Inc. (NYSE: QBTS) Deemed ‘Awardable’ Vendor on US Department of Defense’s Tradewinds Solutions Marketplace

  • The U.S. Department of Defense’s Chief Digital and Artificial Intelligence Office’s (“CDAO”) Tradewinds Solutions Marketplace is a comprehensive suite of tools and services for accelerating the procurement of emerging technologies by the Department of Defense (“DoD”).
  • D-Wave’s presence on the marketplace will enable DoD customers to more easily adopt the company’s annealing quantum computing technologies and solutions.

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, has been deemed “Awardable” through the Department of Defense (“DoD”) Chief Digital and Artificial Intelligence Office’s (“CDAO”) Tradewinds Solutions Marketplace, a premier suite of tools and services for accelerating the procurement and adoption of emerging technologies (https://ibn.fm/POyFC).

The marketplace will now include D-Wave’s annealing quantum computing technology alongside other offerings like artificial intelligence (“AI”)/machine learning (“ML”), data, and analytics capabilities. Designating D-Wave an “Awardable” vendor will enable DoD customers to more easily adopt the company’s powerful annealing quantum computing technologies and solutions to assist with achieving mission objectives (https://ibn.fm/SfKaB).

To achieve this designation, D-Wave submitted a video presenting actual use cases in which companies developed quantum optimization applications, including supply chain optimization, transportation logistics and other potential optimization problems that the DoD may be facing. Government customers interested in viewing the video solution (https://ibn.fm/sPnr6) can create a Tradewinds Solutions Marketplace account at tradewindAI.com.

“D-Wave is unique in that we are the only company that has a real-time cloud accessible quantum computer and quantum optimization applications in production today,” said Lorenzo Martinelli, chief revenue officer at D-Wave. “These critical technological achievements in quantum computing can move the Department of Defense beyond research to using technology that could help provide solutions today to challenges facing DoD and its service branches.”

D-Wave CEO Dr. Alan Baratz said it was an honor for the company to be included in the Tradewinds Solution Marketplace for its innovative technology and the potential ability to assist DoD with overcoming complex challenges. “The ‘Awardable’ status on the marketplace signifies that our technology meets the high standards required to sell to the U.S. government,” Dr. Baratz added. “D-Wave has a long history of developing quantum applications to address national security problems, and we look forward to working with U.S. defense operations to help them achieve mission objectives.”

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. 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.

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