- The collaboration by VINCI Energies/DIANE, uptownBasel/ QuantumBasel, and D-Wave is an important step in sustainable building design
- Quantum-hybrid solution identified stronger HVAC network designs, outperforming the existing data-driven method
- D-Wave showcases the real-life impact of quantum computing through its client success stories, demonstrating the power of practical quantum computing today
A quantum proof of concept (“qPoC”) project has taken an important step in sustainable building design. The collaboration, spearheaded by VINCI Energies/DIANE, uptownBasel/QuantumBasel, and D-Wave Quantum (NYSE: QBTS) is focused on optimizing the design of heating, ventilation, and air conditioning (“HVAC”) systems for complex buildings (https://ibn.fm/V70wz).
The project’s first phase successfully transformed the complex HVAC network generation problem into a constrained quadratic model (“CQM”), potentially solvable by D-Wave’s quantum-classical hybrid solvers. This phase marked a clear step from traditional computational methods to a more…
NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS
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 focus of the project as it progresses, and the impact of this project on progress towards a more sustainable future. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the focus of the project as it progresses; the impact that this project may have in terms of a more sustainable future; general economic conditions and other risks; the company’s ability to expand the company’s customer base and the customer adoption of the company’s 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 the company; risks related to the performance of the company’s 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 the company’s products; the effects of competition on the company’s business; the risk that the company will need to raise additional capital to execute the company’s business plan, which may not be available on acceptable terms or at all; the risk that the company may never achieve or sustain profitability; the risk that the company is unable to secure or protect its intellectual property; volatility in the price of the company’s securities; the risk that the company’s securities will not maintain the listing on the NYSE; 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 the company on the date hereof. D-Wave undertakes no duty to update this information unless required by law.
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