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Form 8-K · Current Report · Filed 2024-08-06

D-Wave and Davidson Technologies Announce Strategic Quantum Computing Partnership for National Defense

On August 6, 2024, D-Wave Quantum Inc. announced a strategic partnership with Davidson Technologies, Inc. to install a state-of-the-art quantum computer at Davidson's new headquarters in Huntsville, Alabama. The installation, expected in 2025, signifies a significant step in advancing quantum computing for national defense. The partnership has garnered strong support from local and federal lawmakers, highlighting the strategic importance of quantum technology in national security. The companies aim to use quantum computing for national security applications, including space applications and logistics optimization for the military.

Filer
D-Wave Quantum Inc. QBTS · NYSE
Filed
Accession
0001907982-24-000091
CIK
0001907982
Signal
Low impactTechnology

Items reported

Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$0.86

Next session

-5.9%

Since filing

+1999.9%

Latest close

$18.08

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from QBTS reporting the same item, with the next session's move:

Exhibits (1)

About D-Wave Quantum Inc.

D-Wave Quantum Inc. is a leading developer and provider of quantum computing systems, software, and services with a unique focus on addressing real-world complex computational challenges. As a pioneer in the commercial quantum computing space, the company is dedicated to advancing both hardware and software solutions to fuel new possibilities in data processing and optimization. D-Wave’s quantum systems are utilized across various industries, including manufacturing, logistics, pharmaceuticals, and financial services, fostering advancements in machine learning, modeling, and optimization problems. Notably, the company’s platform integrates with conventional computing systems, providing hybrid quantum solutions that enhance processing efficiency. D-Wave Quantum Inc.’s contributions are pivotal in steering the technological curve towards quantum advantage, allowing businesses and researchers to explore new horizons in computational capabilities. By offering quantum cloud services, the company lowers the barrier for organizations to access and benefit from cutting-edge quantum technology. Headquartered in Burnaby, Canada, D-Wave continues to be a significant player in the tech industry, aggressively pushing the boundaries of quantum computing and establishing itself as a key influencer in the evolution of computing paradigms.

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