October 4th, 2012

Burnaby, BC - Milpitas, CA - October 4, 2012 - D-Wave Systems, Inc. today announced that it has closed a $30 million round of equity funding. Bezos Expeditions and In-Q-Tel (IQT) have joined the investment round. Bezos Expeditions is the personal investment company of Jeff Bezos. IQT is the strategic investment firm that delivers innovative technology solutions in support of the missions of the U.S. Intelligence Community.

"We are pleased to have such highly regarded investors in our company," stated Vern Brownell, CEO of D-Wave. "Jeff Bezos and In-Q-Tel are well-known visionaries. Both understand the implications of quantum computing as a world changing force, and these investments affirm their belief in D-Wave's unique approach to quantum computing. We want to thank our current investors for their abiding support. With these funds, we are accelerating our trajectory, putting this technology and its applications into the hands of users."

Bezos Expeditions and IQT join current D-Wave investors, including Business Development Bank of Canada, Draper Fisher Jurvetson, Goldman Sachs, Growthworks, Harris & Harris Group, International Investment and Underwriting, and Kensington Partners Limited.

D-Wave will use the new funding to augment its commercial operations and further increase its capabilities to provide solutions to its customers. This added capital allows D-Wave to pursue its growth strategy with the intention of making a difference to their customers' mission objectives. Those objectives are central to D-Wave technological innovation and quantum computing applications development. "Our Intelligence Community customers have many complex problems that tax classical computing architecture," stated Robert Ames, Vice President in charge of Information and Communication Technologies at IQT, "We believe our customers can benefit from the promise of quantum computing, and this investment in D-Wave is a first step in that direction."

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About D-Wave Systems Inc.

Founded in 1999, D-Wave's mission is to integrate new discoveries in physics and computer science into breakthrough new approaches to computation. The company's flagship product, the D-Wave One^TM, is built around a novel type of superconducting processor that uses quantum mechanics to massively accelerate computation. In 2010 Lockheed Martin purchased serial number 1, completing the historic world's first sale of a commercial quantum computer. With headquarters near Vancouver, Canada, its U.S. offices, as well as its superconducting chip foundry, are located in Silicon Valley. D-Wave has a blue-chip investor base including Business Development Bank of Canada, Draper Fisher Jurvetson, Goldman Sachs, Growthworks, Harris & Harris Group, International Investment and Underwriting, Kensington Partners Limited. Gartner Group analysts named D-Wave 2012 Cool Vendor in High-Performance Computing and Extreme-Low-Energy Servers.

For more information, visit: www.dwavesys.com

Media contact: Janice Odell - 415.738.2165 - jan@fordodell.com

This press release may contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements.

August 14th, 2012

Burnaby, BC - Milpitas, CA - August 14, 2012 - In a paper published yesterday in Nature Scientific Reports, http://www.nature.com/srep/index.html, a team of Harvard University researchers, led by Professor Alan Aspuru-Guzik, presented results of the largest protein folding problem solved to date using a quantum computer. The researchers ran instances of a lattice protein folding model, known as the Miyazawa-Jernigan model, on a D-Wave One^TM quantum computer.

"It's gratifying to see that our machine can be used to serve the scientific community in this way," stated Dr. Geordie Rose, D-Wave CTO and Founder.

"The D-Wave computer found the ground-state conformation of six-amino acid lattice protein models. This is the first time a quantum device has been used to tackle optimization problems related to the natural sciences," said Professor Alán Aspuru-Guzik from the Department of Chemistry and Chemical Biology at Harvard University.

Proteins contribute to virtually every process that occurs within a cell. The shape of a protein is closely related to its function. Understanding the shape of a protein helps researchers understand how it behaves, accelerating advances in many different areas of life sciences, including drug and vaccine design.

A cornerstone of computational biophysics, lattice protein folding models provide useful insight into the energy landscapes of real proteins. Understanding these landscapes, and how real proteins fold into the shapes that help give them their function, is an extremely difficult problem for today's computers to solve.

Dr. Alejandro Perdomo-Ortiz, the lead author of the paper, stated that: "Knowing that we can use real quantum computers to solve hard problems in biology is an exciting and important result. The techniques developed in this report can also be used to tackle other biophysical problems such as molecular recognition, protein design, and sequence alignment."

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About D-Wave Systems Inc.

Founded in 1999, D-Wave's mission is to integrate new discoveries in physics and computer science into breakthrough new approaches to computation. The company's flagship product, the D-Wave On^TM, is built around a novel type of superconducting processor that uses quantum mechanics to massively accelerate computation. In 2010 Lockheed Martin purchased serial number 1, completing the historic world's first sale of a commercial quantum computer. With headquarters near Vancouver, Canada, its U.S. offices, as well as its superconducting chip foundry, are located in Silicon Valley. D Wave has a blue-chip investor base including Business Development Bank of Canada, Draper Fisher Jurvetson, Goldman Sachs, Growthworks, Harris & Harris Group, International Investment and Underwriting, Kensington Partners Limited. Gartner Group analysts named D-Wave 2012 Cool Vendor in High-Performance Computing and Extreme-Low-Energy Servers.

For more information, visit: www.dwavesys.com

Media contact: Janice Odell - 415.738.2165 - jan@fordodell.com

This press release may contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements.

June 28th, 2012

San Francisco, CA - June 28, 2012 - PiCloud, the leader in providing easy access to conventional computing power on the cloud, and D Wave Systems Inc., the leader in commercial quantum computing technology, have announced a formal development partnership. Projects are underway to integrate the two companies' technologies.

"PiCloud is a cloud computing platform dedicated to giving every developer, scientist, and engineer in the world a supercomputer at their fingertips," stated PiCloud co-Founder Ken Elkabany.

The partnership will align the two companies' development goals. D-Wave's development library will be integrated with PiCloud's cloud platform to give developers easy remote access to both quantum and conventional computing power from within the same framework. With the thousands of cores that can be leveraged on-demand with PiCloud, developers will be able to access a new type of supercomputing / quantum computing hybrid capability from anywhere with Internet access.

"Because of the exotic nature of our technology, it was designed from the ground up to be used remotely. This remote access model works beautifully with PiCloud's cloud computing platform. As a developer, you can send parts of your code to the conventional cloud, and parts to D-Wave quantum computers, and the result is a tool that provides access to a new type of high performance computer that has never existed before," said D-Wave Founder and CTO Dr. Geordie Rose.

"D-Wave was a natural fit for PiCloud," said Elkabany, "as we operate in some of the same market spaces, such as financial modeling, defense systems, biological modeling and image analysis. We share the same vision of making all of the world?s compute capability - be it conventional or quantum - easily accessible."

D-Wave's quantum computing technology is designed to excel at machine learning and optimization problems. These types of problems naturally arise in "Big Data" applications where enormous amounts of data must be handled and processed. The classical computing power that PiCloud provides allows aspects of handling Big Data to be done using conventional cloud techniques, while specialized, highly complex tasks can be run on D-Wave hardware.

"One very interesting application of such hybrid systems is in large-scale machine learning, where data volumes are vast, and the learning process requires solution of large numbers of combinatorial optimization problems," said Dr. Suzanne Gildert, Applications Strategist for D-Wave. "This allows all of the best practices currently used for handling and processing large data volumes to continue to be used, but now with a specialized hardware system designed to solve the hard combinatorial nuggets that conventional computers can't deal with."

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About D-Wave Systems Inc.

D-Wave is working to radically change what it is possible to do with computers. Founded in 1999, D-Wave's mission is to integrate new discoveries in physics and computer science into breakthrough new approaches to computation. The company's flagship product, the D-Wave One, is built around a novel type of superconducting processor that uses quantum mechanics to massively accelerate computation. In 2010 Lockheed Martin purchased serial number 1, completing the historic world's first sale of a quantum computer. With headquarters near Vancouver, Canada, its U.S. offices, as well as its superconducting chip foundry, are located in Silicon Valley. D Wave has a blue-chip investor base including Draper Fisher Jurvetson, Harris & Harris Group, Goldman Sachs, International Investment and Underwriting, Growthworks, Kensington Partners Limited, and Business Development Bank of Canada. In 2011, the company created a dedicated applications team to put quantum computers to work solving industry-scale machine learning and optimization problems. Gartner Group analysts named D-Wave 2012 Cool Vendor in High-Performance Computing and Extreme-Low-Energy Servers.

For more information, visit: www.dwavesys.com
Media contact: Janice Odell - 415. 738.2165 - jan@fordodell.com

About PiCloud, Inc.

PiCloud's mission is to democratize computing power around the globe. Founded in 2009, and based in San Francisco, CA, PiCloud has processed over 100 million units of computation for thousands of customers worldwide. PiCloud is backed by an exceptional list of investors including Andreessen Horowitz, Kleiner Perkins Caufield & Byers, and Greylock Partners. PiCloud has been named by Gartner as a Cool Vendor in Application Platforms as a Service.

For more information, visit: www.picloud.com
Media contact: PR@picloud.com

June 14th, 2012

Burnaby, BC - Milpitas, CA - June 14, 2012 - D-Wave Systems Inc., the world's first commercial quantum computing company, today announced that quantum computing expert Dr. Colin P. Williams has accepted a role with the company. Serving in a variety of capacities, his title will be Director, Business Development and Strategic Partnerships.

Dr. Williams authored Explorations in Quantum Computing in 1999, one of the first textbooks on the subject. "I first learned what quantum computers were from that book," said Dr. Geordie Rose, co-founder and CTO of D-Wave. "Colin got me hooked on the idea that building these machines was a social imperative - it was important and needed to be done."

Prior to joining D-Wave, Dr. Williams was Senior Research Scientist (SRS) and Program Manager for Advanced Computing Paradigms at the Jet Propulsion Laboratory, California Institute of Technology. Earlier as an Acting Associate Professor of Computer Science at Stanford University, he taught courses on Quantum Computing and Quantum Communications, and computer-based mathematics.

Eric Ladizinsky, D-Wave co-founder and Chief Scientist, shared his own, separate connection: "In 2003, I was invited to talk at Stanford about the current state of quantum computing research. Colin knew about D-Wave and introduced me to Geordie. Without Colin, that connection might never have been made, and quantum computing would still be at the level of a handful of qubits without any idea how to scale them up to useful sizes."

Dr. Williams served as research assistant to Professor Stephen Hawking at Cambridge University. He earned his PhD in artificial intelligence from Edinburgh University, Scotland, in 1989. He holds a bachelor's degree in mathematical physics from Nottingham University and a master's degree in atmospheric physics and dynamics from London University/Imperial College of Science and Technology. His primary research interests have been quantum computing, computational phase transitions, and artificial intelligence.

"This position is one I accepted after a great deal of consideration," stated Dr. Williams. "The path that D-Wave chose to build quantum computers is unconventional and brilliant. I am convinced that it is the correct approach - and the method to bring this work into the field. Customer use and developer programming are taking place now. This is far ahead of where we would be had the founders taken another path."

In addition to Explorations in Quantum Computing, Dr. Williams has several published works that include, Ultimate Zero and One: Computing at the Quantum Frontier; Mathematica: A Practical Approach (second edition); CalcLabs with Mathematica; as well as dozens of scientific papers. He was guest editor for a special issue of Artificial Intelligence Journal on the topic of computational phase transitions.

About D-Wave Systems Inc.

D-Wave was founded in 1999. With headquarters near Vancouver, Canada, its U.S. offices, as well as its superconducting chip foundry, are located in Silicon Valley. D-Wave has a blue-chip investor base including, Draper Fisher Jurvetson, Harris & Harris Group, Goldman Sachs, International Investment and Underwriting, Growthworks, Kensington Partners Limited, and Business Development Bank of Canada. The company currently owns 82 granted U.S. patents and more than 100 pending patent applications worldwide. The company's scientific and engineering workforce includes 27 PhDs and 13 MScs. In 2011, the company created a dedicated applications team to put quantum computers to work solving industry-scale machine learning and optimization problems. Gartner Group analysts named D-Wave 2012 Cool Vendor in High-Performance Computing and Extreme-Low-Energy Servers.

For more information, visit: www.dwavesys.com

Media contact: Janice Odell, 415-738-2165, jan@fordodell.com

This press release may contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements.

February 22nd, 2012

Please see this link for more infomation: D-Wave Defies World of Critics With 'First Quantum Cloud'

November 21st, 2011

Please see this link for more infomation: D-Wave's Geordie Rose named Canadian Innovator of the Year

October 31st, 2011

Please see this link for more information: A Quantum Leap for a Big, Cold Computer

October 28th, 2011

With the construction of a new quantum computing center at its Information Sciences Institute campus in Marina del Rey, USC charts a new course into the future of computing.

WHAT: USC; Lockheed Martin, Inc.; and D-Wave Systems, Inc. will officially unveil the first commercial and operational quantum computer academic center at USC Viterbi School of Engineering's Information Sciences Institute.

WHO: Dr. Ray Johnson, CTO, Lockheed Martin Dr. Daniel Lidar, Director, USC-Lockheed Martin Quantum Computing Center
Dr. Geordie Rose, Founder and CTO, D-Wave
Vern Brownell, President and CEO, D-Wave

WHEN: Friday, October 28, at 10:00 A.M.

WHERE: USC Viterbi School of Engineering,
Information Sciences Institute
4676 Admiralty Way, Suite 11th Floor
Marina del Rey, CA 90292
Validated parking provided, entry off Admiralty Way

ABOUT: Continuing its rich history with pioneering advances in high-performance computing and the Internet, USC is now exploring the promising future of quantum computing. Invoking superconducting technology, USC has constructed a high-fidelity computing center to house D-Wave's revolutionary quantum computing chip, recently purchased by Lockheed Martin and provided to USC for its applicability to information technology. USC and Lockheed Martin will work synergistically to explore the potential of the chip, which is at the cutting edge of technological advances.

The D-Wave chip has 128 quantum bits (or 'qubits') which have the capability of encoding the two digits of one and zero at the same time - as opposed to traditional bits, which distinctly encode either a one or a zero. This property, called 'superposition', will allow quantum computing systems to perform complicated calculations exponentially faster than traditional computers. With the construction of the multi-million dollar quantum computing center, USC now has the infrastructure in place to support future generations of quantum computer chips, positioning the school and its partners at the forefront of quantum computing research.

"The USC Lockheed Martin Quantum Computing Center will open new windows into the fascinating world of quantum computing," said USC Viterbi Dean Yannis C. Yortsos. "It will help advance our understanding of the potential of this new technology and provide a new paradigm in the quest for faster and more secure computing."

CONTACT:
Katie Dunham
knd@usc.edu
(213) 821-5555

About the Viterbi School of Engineering: Engineering Studies began at the University of Southern California in 1905. Nearly a century later, the Viterbi School of Engineering received a naming gift in 2004 from alumnus Andrew J. Viterbi, inventor of the Viterbi algorithm now key to cell phone technology and numerous data applications. Consistently ranked among the top graduate programs in the world, the school enrolls more than 2,100 undergraduate students and 4,200 graduate students, taught by 168 tenured and tenure-track faculty, with 50 endowed chairs and professorships. For more information, please visit http://viterbi.usc.edu

May 25th, 2011

VANCOUVER, BC, MAY 25, 2011 - Lockheed Martin Corporation (NYSE: LMT) has entered into an agreement to purchase a quantum computing system from D-Wave Systems Inc.

Lockheed Martin and D-Wave will collaborate to realize the benefits of a computing platform based upon a quantum annealing processor, as applied to some of Lockheed Martin's most challenging computation problems. The multi-year contract includes a system, maintenance and associated professional services.

D-Wave develops computing systems that leverage the physics of quantum mechanics in order to address problems that are hard for traditional methods to solve in a cost-effective amount of time. Examples of such problems include software verification and validation, financial risk analysis, affinity mapping and sentiment analysis, object recognition in images, medical imaging classification, compressed sensing and bioinformatics. D-Wave develops an architecture that is optimized for working with such problems.

"D-Wave is thrilled to establish a strategic relationship with Lockheed Martin Corporation," said Vern Brownell, D-Wave's President and Chief Executive Officer. "Our combined strength will provide capacity for innovation needed to tackle important unresolved computational problems of today and tomorrow. Our relationship will allow us to significantly advance the potential of quantum computing."

D-Wave was featured May 11, 2011 in the prestigious British scientific journal Nature, where its research on quantum annealing was published.

Lockheed Martin is a global security company with headquarters in Bethesda, Md.

D-Wave's mission is to build quantum computing systems that help solve humanity's most challenging problems. It strives to use the deepest insights of physics and computer science to design new types of computers capable of taking on the world's hardest and most important challenges.

Working with Fortune 500 companies, governments and academia, D-Wave helps to craft solutions to problems where data volume and complexity are overwhelming. Applying D-Wave's unique quantum computing technology, the company aims to dramatically improve results through better understanding and insights.

May 12th, 2011

VANCOUVER, B.C., CANADA - Scientists at D-Wave Systems Inc. of Vancouver have reported the results of experiments designed to test the role quantum mechanics plays in how a new type of processor solves problems, in an article published in the May 12 edition of the prestigious British scientific journal, Nature.

Fabricated using standard integrated circuit processes, the processors tested contained 128 superconducting flux qubits and 24,000 devices known as Josephson junctions, making them among the most complex superconducting circuits ever built. Designed to solve optimization and sampling problems, the processors have been successfully used in a variety of tasks including financial risk analysis, bioinformatics, affinity mapping and sentiment analysis, object recognition in images, medical imaging classification and compressed sensing.

"We've known for some time that these processors are extremely effective at solving the problems they were designed to solve, but this is the first time we've been able to open up the black box and show how they are harnessing quantum mechanics in solving those problems," said Dr. Geordie Rose, D-Wave's Chief Technology Officer.

The scientists focused on a block of circuitry, known as a unit cell, within a processor. The unit cell, one of 16 on the chip studied, comprised eight superconducting flux qubits and 1,500 Josephson junctions. The researchers took a series of 'snapshots' of the behaviour of the unit cell as it underwent a computation, and showed that by using the high degree of control built into the integrated circuit, quantum effects could be precisely controlled as desired by a programmer in order to accelerate computation.

Dr. Mark Johnson, the lead scientist on the project, said: "We're very excited to see the remarkable agreement between what quantum mechanics predicts, and what we see in these circuits."

About D-Wave:

D-Wave's mission is to build quantum computing systems that help solve humanity's most challenging problems. We strive to use the deepest insights of physics and computer science to design new types of computers capable of taking on the world's hardest and most important challenges.

Working with Fortune 500 companies, governments and academia, D-Wave helps to craft solutions to problems where data volume and complexity are overwhelming. Applying D-Wave's unique quantum computing technology, we aim to dramatically improve our customers' results through better understanding and insights.

May 2nd, 2011

VANCOUVER, B.C., CANADA - Today the BC Technology Industry Association (BCTIA) announced the finalists for the 2011 Technology Impact Awards (TIAs). Under the awards theme of 'BC's Mark on the World', the 2011 finalists reaffirm British Columbia's status as a global leaders in clean energy and innovative software solutions, including mobile computing.

"This year we find ourselves celebrating companies who have made substantial gains in technology and market development during one of the most trying business environments in the past 70 years," observed Pascal Spothelfer, President and CEO of the BCTIA. "This year's finalists demonstrate the breadth and depth of the engineering talent found in British Columbia and our ability to attract some of the best and brightest in the world", Spothelfer added. "They have continued the trend of BC companies creating solutions that are benefiting people and companies around the world."

The finalists represent a broad range of technologies including enterprise, mobile and social media software; power electronics, imaging and microprocessor hardware, including quantum processing; and unique lighting and hybrid Stirling/Thermoacoustic devices. Their solutions can be found in a number of environments including healthcare, retail, financial services, research labs, telecommunications, green building and power utilities.

The Technology Impact Awards are broken into three groups: Technology Awards, Company Awards, and Personal Recognition Awards. D-Wave was amongst the chosen finalists in the "Excellence in Product Innovation" category.

BCTIA awards page