- D-Wave’s quantum and quantum-hybrid solutions are uniquely suited for solving today’s optimization problems
- The company’s offerings aim to deliver customer value across several industries including logistics and supply chain, financial services, manufacturing, and life sciences, to name a few
- Boston Consulting Group estimates the near-term TAM for quantum hardware, software and service providers to be $400 million to $1 billion in the next three to five years
D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services focused on delivering customer value via practical quantum applications, was recently featured in an article by TBD Media on the Reuters website titled Quantum Computing Emerges as Key to Solving Complex Business Problems (https://ibn.fm/EFJ6j). The company was profiled as one of “50 Leaders of Change” for its work in fueling the adoption of commercial quantum computing solutions, as enterprises seek solutions that help maximize efficiencies, decrease costs, fuel innovation and increase revenue. D-Wave is the world’s first commercial quantum computing company, solving businesses’ most complex computational challenges, spanning areas that include logistics, artificial intelligence, materials sciences, drug discovery, scheduling, fraud detection, and financial modeling.
D-Wave aims to deliver customer value through easy-to-use, practical quantum applications that can address a broad range of businesses’ optimization problems, today. The company delivers quantum hardware, software – including the Leap(TM) quantum cloud service, and services. Its quantum and quantum-hybrid solutions combine the strengths of classical and quantum computing resources to tackle multiple challenges faced by businesses.
“We’re solving real, important problems for businesses. Today’s market environment is forcing business leaders to find new ways to cut costs, improve operational efficiencies and expand revenue. Practical quantum computing is a near-term solution that can help navigate these challenges, now. Enterprises can’t afford to wait,” said Dr. Alan Baratz, CEO of D-Wave. ”As we look to the future, we expect that the types of problems we’ll be able to solve will have unimaginable impact, not only on business but also on society. We expect the D-Wave legacy will be that it was the company that enabled quantum computing for the world and enabled quantum computing to transform all industries to the betterment of society.”
D-Wave’s relentless pursuit of practical quantum computing has resulted in its technology being used by some of the world’s most advanced enterprises, with customers that include more than two dozen Forbes Global 2000 companies. Commercial customers include blue-chip leaders like Volkswagen, Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, Accenture, BBVA, NEC Corporation, Pattison Food Group Ltd., DENSO and Lockheed Martin.
D-Wave also owns one of the largest quantum computer intellectual property portfolios in the industry, including more than 210 US patents and over 100 peer-reviewed papers in leading scientific journals.
D-Wave’s current commercial product offerings include:
- Advantage(TM) – fifth generation quantum computer
- Leap(TM) – quantum cloud service
- Launch(TM) – quantum computing onboarding service
- Ocean(TM) – full suite of open-source programming tools
- Quantum QuickStart(TM) – quantum computing training
According to Boston Consulting Group, the total addressable market (“TAM”) for quantum hardware, software and service providers is estimated between $400 million and $1 billion over the next three to five years. It is expected to have a substantial impact on multiple industries.
By building both gate-model and annealing quantum computers, D-Wave’s cross-platform approach is expected to bring the power of both models to solve the biggest problems faced by industry (https://ibn.fm/S5b8g). D-Wave is driving near-term impact with long-term potential.
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
This article contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which statements are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. We caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, which are subject to a number of risks. Forward-looking statements in this article include, but are not limited to, statements regarding the TAM for quantum computing, the development of D-Wave’s gate model quantum computer and the future impact of D-Wave’s technologies. We cannot assure you that the forward-looking statements in this article will prove to be accurate. 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; customer acceptance of our products and services; and the uncertainties and factors set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the registration statement on Form S-1 filed by the Company with the SEC on February 13, 2023, as well as factors associated with companies, such as D-Wave, that are engaged in the business of quantum computing, including anticipated trends, growth rates, and challenges in those businesses and in the markets in which they operate; the outcome of any legal proceedings that may be instituted against us; risks related to the performance of our 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 our products; the effects of competition on our business; the risk that we will need to raise additional capital to execute our 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 our intellectual property; volatility in the price of our securities; the risk that our securities will not maintain the listing on the NYSE; changes in applicable laws and regulations; the effect of pandemics, geopolitical events, natural disasters, wars, or terrorist acts on our business or the economy in general; and the impact of inflation. Furthermore, if the forward-looking statements contained in this article prove to be inaccurate, the inaccuracy may be material. In addition, you are cautioned that past performance may not be indicative of future results. In light of the significant uncertainties in these forward-looking statements, you should not place undue reliance on these statements in making an investment decision or regard these statements as a representation or warranty by any person we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this article represent our views as of the date of this article. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this article.
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.investorwire.com
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
InvestorWire is part of the InvestorBrandNetwork.