D-Wave Quantum Inc. (NYSE: QBTS) announced the formation of a new business unit focused on driving adoption of its quantum computing products and services within the U.S. government. The unit will be led by Jack Sears Jr., a seasoned government and public sector business executive, who will join D-Wave's executive team as vice president of U.S. government solutions. Sears brings over 25 years of experience developing and executing growth strategies for companies serving the federal government in defense and aerospace industries.
The newly established unit will support D-Wave's enterprise-wide initiative targeting the U.S. government market. Sears will oversee government-related go-to-market efforts, application development, and the unique product development and customer support necessary for secure systems that meet federal requirements. This move underscores D-Wave's commitment to expanding its footprint in the public sector, where quantum computing holds promise for addressing complex challenges in areas such as optimization, artificial intelligence, and research.
D-Wave is a leader in quantum computing systems, software, and services. It is the world's first commercial supplier of quantum computers and the only company building both annealing and gate-model quantum computers. Its quantum computers feature QPUs with sub-second response times and can be deployed on-premises or accessed through its quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations trust D-Wave with their computational challenges, with over 200 million problems submitted to its quantum systems to date.
The formation of this business unit comes as the U.S. government increasingly explores quantum technologies for national security, logistics, and scientific advancement. By designating a dedicated unit led by a seasoned executive, D-Wave aims to streamline its engagement with federal agencies and tailor its offerings to meet stringent security and performance standards. For more details, the full press release is available at https://ibn.fm/V6heJ.
D-Wave's forward-looking statements in the announcement highlight risks and uncertainties, including those detailed in its SEC filings. The company undertakes no duty to update these statements unless required by law. Investors can find the latest news and updates about QBTS in the company's newsroom at https://ibn.fm/QBTS.
