- The partnership is aimed at furthering quantum education and industry adoption efforts
- D-Wave will engage with the Chicago Quantum Exchange (“CQE”) community on materials science research, quantum education, and the development of practical optimization use cases across multiple sectors
- D-Wave’s technology, products and training are expected to play a role in the efforts to support and expand quantum commercialization in the Chicago region
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 joined the Chicago Quantum Exchange (“CQE”), a leading quantum research hub connecting academia, industry and national labs. The partnership aims to further quantum education and accelerate the development and commercialization of quantum technology, with a focus on practical applications of D-Wave’s annealing quantum computing solutions (https://ibn.fm/HPXrV).
Founded in 1999, D-Wave is developing two types of superconducting quantum computers: annealing systems, currently at 5,000+-qubits, and gate-based systems. D-Wave offers cloud access to its annealing quantum computing systems as well as open-source software and support services for customers across a variety of sectors, including government, education, manufacturing, logistics, financial services, life sciences, retail and more.
The company is committed to helping its customers in these industries derive value from today’s quantum technologies by solving complex computational problems spanning optimization, research and artificial intelligence.
D-Wave brings its expertise in quantum computing to CQE’s growing ecosystem, offering unique resources to explore solutions for real-world problems across various sectors. The company aims to engage with the CQE community on materials science research, quantum education, and the development of practical optimization use cases, including for the manufacturing and logistics industries.
The corporate partnership between D-Wave and CQE was welcomed by David Awschalom, director of the Exchange and Liew Family Professor in Molecular Engineering and Physics at the University of Chicago. “Quantum computing has the potential to create new paths for solving some of society’s most difficult challenges, but to realize this vision, we need to accelerate industry adoption and ensure that the future quantum workforce has access to education programs geared toward real-world applications,” said Awschalom. “We look forward to collaborating with D-Wave to advance these shared goals.”
The CQE is based at the University of Chicago and supported by the U.S. Department of Energy’s Argonne National Laboratory and Fermi National Accelerator Laboratory, the University of Illinois Urbana-Champaign, the University of Wisconsin–Madison, Northwestern University, and Purdue University. The CQE includes about 50 corporate, international, nonprofit, and regional partners.
D-Wave is also a member of MxD, a Chicago-based digital manufacturing innovation center focused on providing solutions for the domestic defense industrial base. MxD members can use D-Wave’s quantum computing technologies today to solve a variety of optimization problems, in the areas of logistics and manufacturing, materials sciences, mobility, supply chain management, and more.
Both MxD and the CQE are members of The Bloch Quantum Tech Hub, a coalition of industry, academic, government, and nonprofit stakeholders led by the CQE. Recently, Illinois Governor J.B. Pritzker announced a multi-year plan to support quantum commercialization in the region, and D-Wave’s technology, products and training are expected to play a role in these efforts.
Commenting on the partnership and D-Wave’s role in the region going forward, D-Wave CEO Dr. Alan Baratz reiterated that as the world’s first commercial quantum computing company, D-Wave is at the forefront of quantum innovation, education and adoption.
“Our efforts are well aligned with the Chicago Quantum Exchange’s mission of fostering a Midwest-based quantum community that advances quantum science, trains the future quantum workforce, and, ultimately, drives the quantum economy,” Dr. Baratz said. “We’re thrilled to join the CQE and look forward to working together to support its efforts in helping Chicago become a central driver of U.S. leadership in quantum.”
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
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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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