NEC Australia and leading international quantum computing
company, D-Wave Quantum Inc. (NYSE: QBTS) (D-Wave), are partnering
to release two new quantum services to the Australian market,
further enhancing their quantum computing offering and options for
Australia’s commercial sector, federal and state governments, and
academia.
Optimising business operations exponentially faster than
‘traditional’ computers, quantum technology services from NEC
Australia and D-Wave are able to navigate increasingly large
datasets to find solutions to real-world problems, including
logistics and supply chain management, emergency response,
financial risk modelling and drug discovery.
The joint service offering includes:
- Quantum Consultancy Service: Through our refined
engagement and delivery methodology, NEC Australia and D-Wave
develop and test quantum solutions to help address our customers’
complex challenges using Proof of Concepts (POCs). Quantum
solutions can then be seamlessly migrated into practical business
applications.
- Leap™ Quantum Cloud Service: This offering provides
customers with access to the D-Wave Leap real-time quantum cloud
service, enabling them to perform their own research whilst tapping
into the cutting-edge capabilities of quantum computing.
The Quantum Consulting Service, powered by D-Wave’s skilled
quantum data scientists, provides hands-on support to help
customers understand and transform their complex business problems
into optimised technical solutions for efficient and cost-effective
implementation.
From improving the mobilisation of resources and response times
during natural disasters and national emergencies, to improving the
efficiency of cargo transfers at busy ports by up to 60%, the
quantum services from NEC Australia and D-Wave can harness the
computational power of quantum to solve real-world problems and
deliver better outcomes for businesses, governments, and
citizens.
The Leap quantum cloud service delivers immediate, real-time
access to D-Wave’s Advantage™ quantum computers and quantum-hybrid
solvers, offering enterprise-class performance and scalability. The
portfolio of hybrid solvers enables enterprises to address a myriad
of business problems, varying in size and complexity.
Ayala Domani, Vice President – Technology & Innovation at
NEC Australia, said quantum computing has matured rapidly and will
provide Australian governments and businesses with a competitive
edge.
"NEC Australia is delighted to partner with D-Wave to provide
transformative quantum solutions here in Australia to ensure our
customers remain agile, efficient, and competitive in an
increasingly data-driven world.
"Quantum computing is no longer solely the subject of futuristic
speculation or found only in top-secret research facilities; it’s a
commercially available technology that is revolutionising business
and government operations today, and NEC Australia and D-Wave are
proud to lead the way forward in this space,” she said.
NEC Australia’s National Portfolio Manager, Quantum Solutions,
Michael Hall said:
"Supported by significant investment and research and
development from the NEC global business, our collaboration with
D-Wave has already enabled us to provide tangible benefits to the
Australian Federal Government and a key transport entity in New
South Wales through successful POCs and tailored solutions.
“We’re helping our customers streamline their costs and improve
efficiency by harnessing the power of D-Wave’s annealing quantum
technologies, while leveraging NEC's extensive expertise in the
Australian market," he said.
Vice President of Quantum Technology Evangelism at D-Wave,
Murray Thom, is in Australia for the Quantum Australia 2024
Conference + Careers Fair (Quantum Australia 2024). NEC Australia
is a platinum sponsor of the event.
“Quantum computing is at an important inflection point, moving
from experimentation to operational use, capable of helping
organizations solve their computationally complex problems through
real-world applications at scale,” said Thom. “We’re thrilled to
team up with NEC to accelerate commercial and government adoption
of this transformative technology in Australia and bring its
remarkable potential to bear for business and society.”
Closely aligned with and supporting the federal government’s
National Quantum Strategy, NEC Australia is committed to helping
grow the quantum industry in Australia by developing world-class
quantum-based solutions and services for the local market.
Drawing on NEC Australia's 50 years of expertise delivering
complex technical solutions to Australian government agencies and
businesses, and D-Wave's 20+ years of global leadership in quantum
computing solutions, they have delivered successful local quantum
applications together since 2021. United by a shared vision, NEC
Australia and D-Wave believe in the transformative potential of
quantum computing to elevate economic prospects and opportunities
for all Australians.
NEC and D-Wave will be jointly speaking at Quantum Australia
2024 in Sydney from 20-22 February on their shared vision for a
brighter future using quantum computing.
About NEC
NEC Australia is a leading technology company, delivering a
complete portfolio of ICT solutions and services to large
enterprise, small business and government organisations. We deliver
innovative solutions to help customers gain greater business value
from their technology investments. NEC Australia specialises in
information and communications technology solutions and services in
multi-vendor environments. Solutions and services include: IT
applications and solutions development, unified communications,
complex communications solutions, network solution, display
solutions, biometrics, research and development services, systems
integration and professional, technical and managed services. For
more information, visit NEC Australia at nec.com.au.
About D-Wave
D-Wave is a leader in the development and delivery of quantum
computing systems, software, and services, and is the world’s first
commercial supplier of quantum computers—and the only company
building both annealing quantum computers and gate-model quantum
computers. Our mission is to unlock the power of quantum computing
today to benefit business and society. We do this by delivering
customer value with practical quantum applications for problems as
diverse as logistics, artificial intelligence, materials sciences,
drug discovery, scheduling, cybersecurity, fault detection, and
financial modeling. D-Wave’s technology has been used by some of
the world’s most advanced organizations including Mastercard,
Deloitte, Davidson Technologies, ArcelorMittal, Siemens
Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd.,
DENSO, Lockheed Martin, Forschungszentrum Jülich, University of
Southern California, and Los Alamos National Laboratory.
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.
Forward-looking statements in this press release include, but are
not limited to, statements regarding the potential of quantum
computing and D-Wave’s plans to speak at Quantum Australia 2024.
These forward-looking statements are subject to a number of risks
and uncertainties, including, among others, various factors beyond
management’s control, including unforeseen issues with travel; the
risk that Quantum Australia 2024 does not go ahead as planned or at
all; general economic conditions and other risks; our ability to
expand our customer base and the customer adoption of our
solutions; risks within D-Wave’s industry, including anticipated
trends, growth rates, and challenges for companies engaged in the
business of quantum computing and 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; the risk that our restatement of
certain previously issued audited and unaudited financial
statements or material weaknesses in internal controls could
negatively affect investor confidence and raise reputational
issues; and the numerous other factors set forth in D-Wave’s Annual
Report on Form 10-K for its fiscal year ended December 31, 2022 and
other filings with the Securities and Exchange Commission. 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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version on businesswire.com: https://www.businesswire.com/news/home/20240219991541/en/
NEC Australia Liz Ackroyd Corporate Communications
Specialist M: +61 405 707 161, E: liz.ackroyd@nec.com.au
D-Wave Alex Daigle media@dwavesys.com
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