• Historically, gold has demonstrated resilience and consistent performance, averaging an annual return of 8% since 1971.
• As demand for gold continues to rise, the necessity for developing new gold mines becomes increasingly critical.
• Platinum Group Metals Ltd. is making significant strides in the precious metals sector, including gold.

Gold has long been revered as a symbol of wealth and a reliable store of value. Its unique properties have made it a cornerstone in investment portfolios, offering stability and a hedge against economic uncertainties. As we navigate the complexities of the 21st-century financial landscape, gold’s significance remains undiminished, with projections indicating a promising future for this precious metal. Companies such as Platinum Group Metals (NYSE American: PLG) (TSX: PTM) that are operating in the precious metals space are positioned to benefit from the historic stability that gold offers.

Historically, gold has demonstrated resilience and consistent performance. Since the end of the gold standard in 1971, gold has averaged an annual return of approximately 8% (https://ibn.fm/JAusl) showcasing its ability to preserve wealth over time. Notably, during periods of economic downturns and market volatility, gold often outperforms other asset classes, providing a safe haven for investors. In 2024, gold prices soared to record highs, reflecting its enduring appeal amid global economic uncertainties (https://ibn.fm/DQxhG).

Looking ahead, many analysts maintain a bullish outlook on gold. J. P. Morgan forecasts gold prices reaching $2,600 per ounce by the end of 2025, driven by factors such as anticipated Federal Reserve rate cuts and sustained demand (https://ibn.fm/3k1Go). Goldman Sachs projects an even more optimistic scenario, predicting prices could rise to $3,000 per troy ounce by the end of 2025, citing strong demand and market dynamics (https://ibn.fm/3FrrC).

As demand for gold continues to rise, driven by its investment appeal and industrial applications, the necessity for developing new gold mines becomes increasingly critical. Expanding mining operations ensures a steady supply to meet global demand, supports economic growth, and generates employment opportunities. However, developing new mines involves navigating complex challenges, including environmental considerations, regulatory compliance, and substantial capital investment.

While primarily known for its focus on platinum and palladium, Platinum Group Metals is also making significant strides in the precious metals sector, including gold. The company’s flagship initiative, the Waterberg Project, is a large-scale, bulk-mineable underground deposit located in South Africa. This project is designed to produce a mix of platinum, palladium, gold, and rhodium, positioning PLG as a player in the diversified precious metals market.

The Waterberg Project represents a significant advancement in the mining industry, emphasizing modern, mechanized mining techniques to enhance efficiency and safety. The project’s design focuses on sustainable practices, aiming to minimize environmental impact while maximizing resource extraction. An updated mineral resource estimate in September 2024, indicating larger and higher-confidence resources, facilitated important mine design improvements in an updated feasibility study for the project, underscoring the project’s potential to contribute to the global supply of precious metals, including gold.

In addition to the Waterberg Project, Platinum Group Metals has entered into strategic partnerships to further its position in the precious metals market. Notably, the company has collaborated with Anglo American Platinum through Lion Battery Technologies to accelerate the development of next-generation battery technology using platinum and palladium. Such initiatives highlight PLG’s commitment to innovation and its adaptability to emerging market trends.

Gold’s enduring value and stability continue to make it an essential component of investment portfolios worldwide. Historical performance and future projections underscore its significance as a hedge against economic uncertainties and a reliable store of wealth. The increasing demand for gold necessitates the development of new mines to ensure a consistent supply. Companies like Platinum Group Metals, through initiatives such as the Waterberg Project, are working to develop these new mines to satisfy demand, contributing to the growth and stability of the global precious metals market.

For more information, visit www.PlatinumGroupMetals.net.

NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG

• Thumzup Media Corporation, a company at the forefront of modernizing the social media branding and marketing industry, recently issued a letter to its shareholders highlighting its 2024 achievements and plans for 2025
• Of note was the “explosive” 230% advertiser base growth for 2024, its Nasdaq listing, and its market expansion that saw Thumzup expand into South Florida and Greater Los Angeles
• Thumzup also extended its social media integrations to Instagram Reels and X while also launching analytics tools
• For 2025, the company intends to expand its market further, and add more integrations

Thumzup (NASDAQ: TZUP), a Los Angeles-based company at the forefront of modernizing the social media branding and marketing industry with its unique platform that allows advertisers to connect directly with everyday social media users, recently issued a letter to its shareholders, noting its achievements thus far, and the plans it has in the works for the future.

“We are committed to transparency and keeping our shareholders informed of the exciting developments at Thumzup,” noted Robert Steele, Thumzup’s CEO. “This letter highlights our recent successes and strategic initiatives that position us for significant growth in the rapidly advancing social media advertising industry,” he added (https://ibn.fm/IvUVn).

Key highlights covered included a 230% advertiser base growth for the 2024 calendar year. This meant that Thumzup crossed the 600 active advertisers and plans to grow the numbers further in 2025. The company also successfully listed on the Nasdaq and upsized its public offering to $8.2 million. The milestones were primarily driven by the company’s unique value proposition, product differentiation, and its strong market positioning, since there aren’t many companies currently offering the same value in the U.S. market.

“Since our inception, Thumzup has been at the forefront of redefining the advertising landscape by empowering real consumer interactions on digital platforms. The core strengths of our business model have never been more robust,” noted Mr. Steele (https://ibn.fm/IvUVn).

Thumzup set out on an aggressive market expansion plan for 2024, having expanded to South Florida and Greater Los Angeles. The plan is to scale nationwide, reaching even more potential customers and growing its revenue. Its integrations also extended to Instagram Reels and X while also launching analytics tools based on customer feedback. In addition, following board approval in January 2025, the company approved a strategy to allocate up to 90% of liquid assets to Bitcoin (BTC). Currently, the company holds 19.106 BTC (https://ibn.fm/IvUVn).

Thumzup remains committed to growing shareholder value, with plans for 2025 market expansion, wider customer reach, and even more integrations, offering its unique value to businesses across the country. Management is increasingly optimistic about the future and confident that it will realize both short- and long-term objectives.

“We remain steadfast in our strategic execution and believe that those who invest alongside us for the long term will realize the full value of Thumzup’s future growth,” concluded Mr. Steele (https://ibn.fm/IvUVn).

For company information, visit www.ThumzupMedia.com.

NOTE TO INVESTORS: The latest news and updates relating to TZUP are available in the company’s newsroom at https://ibn.fm/TZUP

• Israel-based electronic monitoring (“EM”) tech developer SuperCom has developed technology and accompanying service deployment for a variety of industry sectors as governments worldwide seek EM solutions for public safety and identification
• SuperCom’s secured Magna (TM) e-Government platform provides identification solutions both in traditional and biometric-based multi-ID cards for ensuring official enrollment, personalization and issuance needs are met
• The company recently announced it has secured a new e-Government contract with a Nordic European country to provide highly secure e-Passport, National e-ID, and secured driving license card technology and services
• SuperCom has served more than 50 government clients since its establishment in 1988 and continues to expand in Europe and the United States

Electronic monitoring (“EM”) technology developer SuperCom (NASDAQ: SPCB) is reporting a new contract for its e-government services amid the company’s expansion globally.

A country in Nordic Europe recently contracted with SuperCom for a multi-year use of its innovative digital identity solution that provides both traditional and biometric-based multi-identification cards with secure enrollment, personalization and issuance resources that meet European Union (“EU”) and International Civil Aviation Organization (“ICAO”) standards.

“As we continue our global expansion with our electronic monitoring technology, we are happy to see the persistent confidence government customers place in our wider array of proprietary technology solutions. In this case, our ability to issue EU and ICAO-compliant, highly secure e-Passport, National e-ID, and secured DL (driving license) cards,” SuperCom President and CEO Ordan Trabelsi stated (https://ibn.fm/71AJh). “This project further solidifies our position as a trusted provider of highly secure digital identity and monitoring solutions in Europe.”

According to the news release, SuperCom will develop, deliver and maintain a new national computerized system in conjunction with the contract. The system will integrate directly with existing IT infrastructure, and SuperCom will provide long-term system maintenance and support throughout the duration of the contract using its secured Magna (TM) e-Government platform.

In addition to SuperCom’s e-government contracts, the company serves the needs of the public safety industry including law enforcement authorities, and domestic violence prevention.

SuperCom’s focus on the latter, using all-in-one field-proven RFID & mobile technology with the company’s products, has garnered contracts with law enforcement agencies at a record pace in recent months for the protection of domestic violence victims. SuperCom has signed 20 new such contracts in the United States since last August. Six of the states where the new contracts have arisen are locations that haven’t seen SuperCom’s products before (https://ibn.fm/DWzY3).

Criminal justice officials worldwide have been adopting electronic monitoring solutions to help reduce the costs of incarceration, the degree of repeat offenses by previously arrested crime suspects, and the incidence of positive outcomes through continued social interaction, employment and schooling for those arrested on criminal charges.

SuperCom has a track record of more than 50 government customers served, monitoring more than 100,000 individuals.

For more information, visit the company’s website at www.SuperCom.com.

NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB

Bitcoin, the world’s most trusted and decentralized cryptocurrency, now offers decentralized finance (“DeFi”) with the launch of RichSwap. Created by Omnity Network, RichSwap is designed to make Bitcoin trading faster, secure and easier for everyone.

What is RichSwap?

RichSwap is the first-ever platform ordering trades on Bitcoin directly without relying on bridges, custodians or off-chain software. This means that every order is secure, transparent and controlled entirely by the user.

For Bitcoiners this marks a significant leap forward. You no longer need to send your assets to a platform or worry about unverifiable risks. With RichSwap, everything happens directly on the blockchain and in your wallet.

How Does RichSwap Work?

Behind the scenes, RichSwap operates on a new toolkit called the Runes Exchange Environment (“REE”), also developed by Omnity Network. While the technical details are complex, here’s what you need to know:

• No Middlemen: build BTC orders fast, signed and verifiable with blockchain accounting
• Total Control: keep custody of your assets at all times, no need to deposit or withdraw
• Fast Transactions: up to 100x faster than traditional Bitcoin transactions

Why Does This Matter?

Until now, Bitcoin’s design has made it difficult to use in DeFi like lending or staking. RichSwap changes that by making orders easy and secure without third-party risk. Developers can now build tools and apps for any use case, enabling borrowing, lending, staking and more directly on the world’s most trusted blockchain.

A Tool for Developers and Innovators

RichSwap is more than just a trading platform; it’s an open-source blueprint for developers. Developers can use the same code on REE to share liquidity pools, copy/paste templates, and experiment with DeFi, all on Bitcoin. A public testnet for experimentation will be available late this month.

What’s Next?

This week Omnity also supported the launch of Odin Fun and Blockminer Fun with their tech, yielding two more candidates for REE DeFi tooling. Over 2000 tokens launched in 1 week and 50 succeeded through a bonded curve fundraise on Odin. More RichSwap-compatible projects are created daily, and they all utilize Omnity tech without knowing it. With $11m volume and $2.5m total value locked (“TVL”) Omnity’s stats look promising as they reach the one year anniversary. Their multichain bridge links Bitcoin to Solana, Ethereum, Doge, Osmosis, and 15+ other flagship blockchains.

Omnity Network’s vision goes beyond RichSwap. With the launch of the Runes Exchange Environment, they aim to redefine how Bitcoin is used, making it a cornerstone of Bitcoin DeFi. Multichain bridge development will continue alongside the development of REE.

For a deeper dive into the technology behind RichSwap and REE, check out the full technical press release here.

• KindlyMD, in January, expanded its integrated behavioral health services with a new clinic in Utah, enhancing access to patient-first care.
• The company leverages data-driven, evidence-based approaches to reduce opioid use and improve patient outcomes.
• Positioned for growth, KindlyMD is expanding its telemedicine program and refining its healthcare data analytics capabilities.

KindlyMD (NASDAQ: KDLY), a patient-first healthcare and healthcare data company, continues to redefine value-based care with the expansion of its integrated behavioral health services. The company recently opened a new clinic in Utah, reinforcing its commitment to improving patient outcomes by integrating traditional medicine, mental health services, and compliant alternative medicine education. This expansion meets the increasing demand for accessible behavioral health services, further positioning KindlyMD as a leader in patient-centered care.

The company’s model uses data analysis to personalize treatment plans, aiming to reduce opioid use and enhance recovery speeds. By focusing on evidence-based methodologies, KindlyMD addresses a critical gap in healthcare—offering a structured, data-driven approach to alternative medicine. This aligns with national efforts to combat the opioid epidemic, which claims over 80,000 lives annually due to overdoses.

Strategic Growth and Innovation

KindlyMD operates four clinics in Utah and plans to expand, including increased telemedicine offerings and refined data analytics. The company integrates a collaborative care model with medical providers, behavioral health clinicians, and care coordinators to deliver comprehensive treatment solutions. This approach ensures individualized care, reducing opioid dependency while promoting overall well-being.

For the first nine months of 2024, KindlyMD reported $2.1 million in total revenue, with reimbursement revenue reaching $232,892—a significant increase from the previous year. The company also implemented a $500,000 share repurchase program, reinforcing confidence in its growth trajectory.

Positioned for Market Expansion

The healthcare industry is shifting toward integrated treatment models addressing both physical and mental health. According to KindlyMD’s investor presentation, 75% of primary care visits involve a mental health component, underscoring the need for a more inclusive approach. By blending traditional care with alternative medicine, KindlyMD is positioned to capitalize on this evolving landscape.

In addition to expanding physical locations, the company is enhancing its machine learning-driven data systems to improve patient care and treatment efficacy. These efforts will further solidify KindlyMD’s reputation as a leader in healthcare data analytics and personalized medicine.

With a focus on improving patient outcomes and a strategic expansion plan, KindlyMD Inc. continues to strengthen its role as a transformative force in the healthcare industry.

For more information, visit the company’s website at www.KindlyMD.com.

• Value-based care models prioritize proactive, high-quality patient care, and, if done correctly, can significantly enhance financial outcomes.
• Healthcare organizations adopting a value-based care approach can see increased revenue through efficiency, reduced hospitalizations and incentive payments.
• Adageis provides AI-driven solutions that help providers transition to and optimize value-based care models.
• The company’s data analytics features play a critical role in identifying high-risk patients, closing care gaps and controlling costs.

Healthcare is undergoing a major transformation as more organizations shift from fee-for-service to value-based care. Under value-based care models, providers are reimbursed based on patient outcomes rather than the volume of services rendered. This approach incentivizes proactive care, chronic disease management and overall cost efficiency.

High-performing healthcare organizations that successfully implement value-based care are seeing not only improved patient outcomes but also increased financial performance. Organizations that excel in value-based care realize revenue growth through:

• Incentive Payments: Providers receive bonuses for meeting quality and efficiency benchmarks.
• Cost Savings: Reduced hospitalizations, emergency room visits and redundant tests translate into lower costs.
• Risk-Based Contracts: Capitated payment models allow providers to share in savings if they deliver care efficiently.
• Better Resource Allocation: AI-driven insights help providers allocate resources where they are needed most, improving operational efficiency.

Healthcare systems that fail to adapt risk being left behind as government and private payers continue shifting toward value-based care models. But all of this requires an increased and efficient handle on data, providing more effective patient care and comprehensive cost control.

Adageis, a forward-thinking healthcare technology company reshaping patient care through flexible AI-centric software solutions for healthcare organizations, is helping providers streamline their transition to value-based care. Through its ProActive Care Platform, Adageis enables healthcare organizations to optimize patient care while maximizing financial performance (https://ibn.fm/Y5C6O).

Adageis’ solutions integrate directly with existing electronic health record (“EHR”) systems, ensuring a seamless transition without disrupting workflows. Its key features include:

• AI-Driven Risk Analysis: Identifies high-risk patients, allowing providers to intervene earlier and prevent costly hospitalizations.
• Value-Based Care Engine: Helps organizations meet value-based care metrics, unlocking new revenue opportunities.
• Proactive Efficiency Monitoring: Tracks patient health trends and alerts providers to potential issues before they escalate.
• Flexible Integration: Compatible with leading EHR systems such as AthenaHealth, Cerner and Epic.

By leveraging advanced analytics and machine learning, Adageis enables providers to shift from reactive to proactive care—essential for success in a value-based care environment.

Additionally, one of the biggest challenges in value-based care is accurately measuring and improving patient outcomes. Adageis addresses this by offering real-time data insights that help providers identify gaps in care and address them proactively, track patient engagement and adherence to treatment plans, predict health trends to optimize resource allocation, and benchmark performance against value-based care reimbursement models.

As the healthcare industry continues its shift toward value-based care, the organizations that embrace technology-driven solutions will have a competitive edge. AI-powered tools, like those developed by Adageis, will play a central role in improving care quality, enhancing efficiency and driving financial growth.

For more information, visit the company’s website at www.Adageis.com.

NOTE TO INVESTORS: The latest news and updates relating to Adageis are available in the company’s newsroom at https://ibn.fm/Adageis

• D-Wave expects the program to drive increased adoption of quantum computing, enabling organizations to experience firsthand how the technology can improve business outcomes and drive scientific discoveries.
• Qualifying participants will get a 3-month free trial of D-Wave™ technology and support resources.
• Resources include access to D-Wave’s Advantage™ production-grade annealing quantum computers, D-Wave’s Leap™ real-time quantum cloud service, and technical expert guidance.

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, recently announced the launch of the new Leap Quantum LaunchPad program. Designed to accelerate the deployment of quantum computing applications, the initiative offers access to D-Wave technology on a free trial basis to qualifying participants, along with professional expertise for customers using annealing quantum computing to tackle complex business and scientific problems (https://ibn.fm/WhcZV).

As adoption of annealing quantum computing technology continues to grow, D-Wave is already providing quantum technology solutions to more than 100 commercial, government and research customers to help drive efficiencies, lower costs, optimize operations, and support groundbreaking scientific research that may expand beyond the capabilities of classical computers. Customers have used D-Wave’s Advantage quantum computing systems to address a wide range of challenges, from employee and production scheduling to resource optimization, logistics routing, cargo loading, academic research, and more.

One of the biggest challenges that modern businesses are facing is optimizing vast numbers of variables (optimization problems), with organizations needing faster and more efficient approaches to solving complex questions. Annealing computing has been proven to efficiently address such optimization problems.

Through the Leap Quantum LaunchPad program, D-Wave intends to jump-start the move to production deployment of quantum computing applications by helping customers directly achieve immediate value from D-Wave annealing quantum computing technology. With the goal of accelerating exploration, development and implementation of quantum and hybrid-quantum applications, the program will offer participants access to D-Wave technology and support resources for a 3-month free trial period, including:

• D-Wave’s Advantage production-grade annealing quantum computers, with 5,000+ qubits, and sub-second response times.
• D-Wave’s Leap real-time quantum cloud service, which provides 99.9% uptime and availability, security and scalability, developer tools, and a suite of advanced optimization hybrid solvers.
• Technical guidance from D-Wave quantum and optimization experts.

Those interested in participating in the program can find out more about it and submit an application at https://ibn.fm/slyJF.

In addition to the Leap Quantum LaunchPad program, D-Wave is also providing expanded quantum technology access for its Quantum Programming Core and Quick Start Training programs, which offer comprehensive expert-led training designed to put theory into practice with real-world quantum applications (https://ibn.fm/Z2hxf).

“The Leap Quantum LaunchPad program will offer the access and support needed to quickly get started on the journey to realizing the power of quantum computing today,” said Lorenzo Martinelli, Chief Revenue Officer at D-Wave. “Through this initiative, we intend to help visionary organizations and individuals develop transformative quantum computing applications to address challenging business and scientific problems, and rapidly move those applications into production deployment.”

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world’s first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our 5,000+ qubit Advantage quantum computers, the world’s largest, are available on-premises or via the cloud, supported by 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our Advantage and Advantage2^TM systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we’re shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com.

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. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. 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.

• Thumzup Media Corporation, a company at the forefront of modernizing the social media branding and marketing industry, just doubled its Bitcoin (“BTC”) investment from $1 million to $2 million
• This brings its BTC holdings to 19.106 in a move that demonstrates its commitment to diversifying treasury assets
• Going forward, the company looks to begin paying gig-economy workers in BTC, a monumental step toward integrating it into its operational framework
• This investment in BTC is a testament to what the future holds for the company, and aligns with its Treasury Asset Strategy that was announced on Nov. 15, 2024

Thumzup (NASDAQ: TZUP), a Los Angeles-based company at the forefront of modernizing the social media branding and marketing industry with its unique platform designed to connect advertisers directly with everyday social media users, on Jan. 30, doubled its Bitcoin (“BTC”) investment from $1 million to $2 million. This brings its BTC holdings to 19.106 in a move that looks to increase the company’s exposure to Bitcoin while also demonstrating its commitment to diversifying treasury assets and capitalizing on the potential of digital assets (https://ibn.fm/lI1mu).

Earlier in the year, Thumzup’s Board of Directors authorized the allocation of up to 90% of the company’s surprise cash to be held in Bitcoin. This aligned with the company’s Treasury Asset Strategy that was announced on Nov. 15, 2024. For Thumzup‘s management, this strategy would not only allow it to achieve its vision for the future of digital finance but also allow for the storage of value as time progresses.

“We see Bitcoin not only as a strategic asset for treasury management but also as a fundamental component of our vision for the future of digital finance,” noted Robert Steele, Thumzup’s CEO.

“This investment reflects our confidence in Bitcoin’s role as a store of value and its potential to reshape global financial markets,” he added (https://ibn.fm/lI1mu).

Going forward, Thumzup looks to begin paying gig-economy workers in BTC. This will mark a monumental step toward integrating BTC into its operational framework, ultimately differentiating itself from the other players in the market. Today, Thumzup ranks among the HODL Top 70, a ranking of publicly traded companies that own the most Bitcoin. Its ambitious move to invest in this currency is also a testament to what the future holds, not just for the company but for the United States (https://ibn.fm/cwh5z).

“I am excited about President Trump’s announcement at Davos on Thursday that he will make the United States the ‘World Capital of Artificial Intelligence and Crypto,’” noted Mr. Steele.

“Additionally, the President issued an Executive Order titled ‘Strengthening American Leadership in Digital Finance Technology’ on the same day. I believe that this initiative greatly strengthens the future of digital assets like Bitcoin and cryptocurrencies,” he added (https://ibn.fm/cwh5z).

For company information, visit www.ThumzupMedia.com.

NOTE TO INVESTORS: The latest news and updates relating to TZUP are available in the company’s newsroom at https://ibn.fm/TZUP

• Under the terms of the agreement, the two companies will co-market D-Wave’s comprehensive solutions to the public sector through Carahsoft’s reseller network.
• The partnership aims to support growing public sector interest in annealing quantum computing to address complex optimization problems.
• Available solutions will include real-time access to D-Wave’s Advantage™ quantum computing systems through D-Wave’s Leap™ quantum cloud service, as well as workforce training programs and specialized support.
• Quantum and hybrid quantum applications using D-Wave’s technology can address various priorities in sectors such as national defense, intelligence, emergency response and management, energy reliability and resilience, infrastructure optimization and more.

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, recently announced a partnership with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, designed to help accelerate adoption of quantum computing in the public sector (https://ibn.fm/YOoy9).

D-Wave’s annealing quantum computing systems, software and services are benefitting government agencies, systems integrators, national labs and organizations that serve the public sector. By leveraging D-Wave^TM technologies, organizations can create quantum and hybrid quantum applications that tackle various public sector priorities, including national defense, intelligence, emergency response and management, energy reliability and resilience, and infrastructure optimization, while also facilitating critical research in areas such as materials science.

“As agencies face increasingly complex optimization challenges, we believe it is critical that they leverage advanced quantum solutions to tackle these problems,” said Troy Meraw, Program Manager for Quantum Technologies at Carahsoft. “By partnering with D-Wave and working with our reseller partners, we can provide government agencies with access to real-time quantum solutions that could help address national priorities, from defense to infrastructure optimization.”

As a result of the partnership, Carahsoft will serve as Master Government Aggregator® for D-Wave, making its quantum computing technologies available to the public sector through reseller partners and NASA Solutions for Enterprise-Wide Procurement (“SEWP”) V, Information Technology Enterprise Solutions – Software 2 (“ITES-SW2”), The Interlocal Purchasing System (“TIPS”), OMNIA Partners, E&I Cooperative Services Contract and The Quilt contracts.

Under the terms of the agreement, the two companies will co-market D-Wave’s comprehensive solutions to the public sector through Carahsoft’s reseller network. These solutions include real-time access to the D-Wave Advantage quantum computing systems through the Leap quantum cloud service. In addition, D-Wave will provide workforce training programs to upskill public sector employees and specialized support from D-Wave’s professional services team to develop applications for specific use cases.

Lorenzo Martinelli, chief revenue officer at D-Wave, said he believes that the partnership is key to accelerating government adoption of quantum, as it opens up access to annealing quantum computing now available through Carahsoft’s contract vehicles. “We anticipate this partnership will increase visibility, accessibility and adoption of our solutions with U.S. government and public sector entities, enabling them to harness powerful, commercial-grade quantum technology today to serve our country’s interests,” Martinelli said.

For more information, visit the company’s website at www.dwavequantum.com.

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. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. 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.

• The transaction value for the unique project, completed last year, included the sale and contracting agreement between Honeywell International and SolarBank, amounting to approximately $41 million.
• The 21MW DC ground-mount solar power projects, known as SB 13-1, SB 13-2 and SB-14, are located in upstate New York.
• The projects are expected to operate as community solar sites and be eligible to participate in the NYSUN program to receive NYSERDA incentives.

Disseminated on behalf of SolarBank Corporation

SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., contracted for development of three solar power projects for Honeywell International in 2023 (https://ibn.fm/Ton0x).

The 21MW DC ground-mount solar power projects, known as SB 13-1, SB 13-2 and SB-14, are located in upstate New York. Developed as three separate 7 MW DC solar power projects, they have received positive interconnection results via a completed Coordinated Electric System Interconnection Review (“CESIR”). SolarBank is continuing to build the projects to commercial operation via an engineering, procurement and construction (“EPC”) agreement with Honeywell. The transaction, including the sale of the projects and the EPC agreement, amounted to approximately $41 million.

Supporting this major project is Honeywell’s own innovative remediation and redevelopment group, a team that collaborates with public and private entities to execute meaningful projects at industrial sites around the world. The group has completed several green remediation projects that include solar arrays (collections of solar panels) to minimize the impact to the electrical grid, minimize greenhouse gas emissions and support long-term treatment systems. This include these 21 MW DC SolarBank projects being developed for Honeywell on a landfill (https://ibn.fm/hMBzy).

Adding renewable energy capabilities to remediation sites is an example of what the EPA defines as green remediation: incorporating options to maximize the environmental benefits of cleanup actions. 

SolarBank and Honeywell have a funding agreement in place under which Honeywell has provided funding for deposits/advance payments for the advancement of the projects. The advances, totaling approximately $2.668 million, were offset against the $41 million transaction.

The three projects are also expected to be eligible for incentives under the New York State Energy Research and Development Authority (“NYSERDA”) NY-Sun Program. Upon completion, the projects will be operated as community solar sites that will generate and feed clean energy into the local power grid. Depending on the size and number of panels the project has, dozens or even hundreds of renters and homeowners will be able to save money from the electricity that is generated by the project. By subscribing to a project, a homeowner earns credits on their electric bill every month from their portion of the solar that’s generated by the project, accessing the benefits of solar without installing panels on their home.

SolarBank expects that it will retain an operations and maintenance contract for the projects following the completion of construction, as confirmation of the close relationship and collaboration it has with Honeywell.

“The relationship between Honeywell and SolarBank continues to grow and these projects represent the largest to date constructed by the company for Honeywell,” SolarBank CEO Dr. Richard Lu commented at the time of the project sale. “We look forward to partnering and supporting the transition away from fossil fuels while reducing impacts to the electrical grid and lowering greenhouse gas emissions.”

For more information, visit the company’s website at SolarBankCorp.com.

This report contains forward looking information. Please refer to https://ibn.fm/G76GJ for additional details.

NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN