D-Wave Two™ Quantum Computer Selected for New Quantum Artificial Intelligence Initiative

System to be Installed at NASA's Ames Research Center, and Operational in Q3

BURNABY, British Columbia and PALO ALTO, Calif., May 16, 2013 /CNW/ - D-Wave Systems Inc., the world's first commercial quantum computing company, today announced that its new 512-qubit quantum computer, the D-Wave Two, will be installed at the new Quantum Artificial Intelligence Lab, a collaboration among NASA, Google and the Universities Space Research Association (USRA). The purpose of this effort is to use quantum computing to advance machine learning in order to solve some of the most challenging computer science problems. Installation has already begun at NASA's Ames Research Center in Moffett Field, California, and the system is expected to be available to researchers during Q3.

Researchers at Google, NASA and USRA expect to use the D-Wave system to develop applications for a broad range of complex problems such as machine learning, web search, speech recognition, planning and scheduling, search for exoplanets, and support operations in mission control centers. Via USRA the system will also be available to the broader U.S. academic community.

"D-Wave has made significant strides in the technology, application and now commercialization of quantum computing," said Steve Conway, IDC research vice president for high performance computing. "The order for a D-Wave Two system for the initiative launched by NASA, Google and USRA attests to the revolutionary potential of this fundamentally different approach to computing for both industry and government. HPC buyers and users are looking for ways to speed up their applications beyond what contemporary technologies can deliver. IDC believes organizations that depend on leading-edge technology would do well to begin exploring the possibilities for quantum computing."

As part of the selection process, Google, NASA and USRA created a series of benchmark and acceptance tests that the new D-Wave 512-qubit system was required to pass before the installation at NASA Ames could proceed. In all cases, the D-Wave Two system met or exceeded the required performance specifications, in some cases by a large margin.

"We are extremely pleased to make this announcement," stated Vern Brownell, CEO of D-Wave. "Three world class organizations and their research teams will use the D-Wave Two to develop real world applications and to support research from leading academic institutions. This joint effort shows that quantum computing has expanded beyond the theoretical realm and into the worlds of business and technology."

About D-Wave Systems Inc.

Founded in 1999, D-Wave's mission is to integrate new discoveries in physics and computer science into breakthrough approaches to computation that serves business. The company's flagship product, the 512-qubit D-Wave Twocomputer, is built around a novel type of superconducting processor that uses quantum mechanics to massively accelerate computation. The NASA/Google/USRA installation marks a significant broadening of D-Wave's customer base, and comes on the heels of Lockheed-Martin's purchase of an upgrade of their 128-qubit D-Wave Onesystem to a 512-qubit D-Wave Two earlier in this year. With headquarters near Vancouver, Canada, the D-Wave U.S. offices are located in Palo Alto, California. D?Wave has a blue-chip investor base including Bezos Expeditions, Business Development Bank of Canada, Draper Fisher Jurvetson, Goldman Sachs, Growthworks, Harris & Harris Group, In-Q-Tel, International Investment and Underwriting, and Kensington Partners Limited. For more information, visit: www.dwavesys.com or learn more at www.youtube.com/user/dwavesystems

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.

SOURCE: D-Wave Systems Inc.

For further information:

http://www.dwavesys.com

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