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D-Wave Quantum Inc. (NYSE: QBTS) Adds Kirstjen Nielsen, Former Secretary of the U.S. Department of Homeland Security, to the Company’s Board of Directors

  • An internationally recognized expert on security issues, Secretary Nielsen brings a depth of knowledge and expertise on policy, strategy and operations
  • She is steeped in emerging technologies, including artificial intelligence (“AI”) and quantum, and has advised technology companies of all sizes
  • Her appointment to the company’s board of directors highlights governments’ rapidly accelerating interest and investment in today’s quantum technology

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the world’s first commercial supplier of quantum computers, recently announced the addition of Kirstjen Nielsen, former Secretary of the U.S. Department of Homeland Security, to the company’s board of directors. This board appointment highlights governments’ rapidly accelerating interest and investment in today’s quantum technology (https://ibn.fm/Wx95O). D-Wave is continuing to drive increasing enterprise and government adoption of quantum technology.

Secretary Nielsen is internationally recognized and a proven leader on security issues critical to the United States of America’s highest priorities, including enterprise risk, resiliency, cybersecurity, and emerging threats. She has in-depth knowledge of emerging technology policy, including AI and quantum, and has advised technology companies, from startups to Fortune 100 corporations.

Secretary Nielsen said quantum computing has the potential to transform the way governments and businesses tackle operational complexities, and she believes that D-Wave is leading this evolution. “From the amazing technology developments on the horizon to the impressive scientific results I’ve seen, D-Wave is well-positioned to capitalize on its unique strengths as it ushers in this new era of computing,” Nielsen added. “I’m looking forward to helping the company during this pivotal time.”

Secretary Nielsen’s experience includes policy, strategy, and operations, giving her a unique perspective and influencing her position on the importance of stakeholder engagement. Her history of working with governments to utilize emerging technologies as a force multiplier is important for today’s quantum computing, as it has advanced to tackling real-world problems. D-Wave’s expertise in this area is showcased in its Customer Success Stories (https://ibn.fm/7Pw2a).

D-Wave customers include blue-chip industry leaders like Mastercard, Deloitte, ArcelorMittal, Siemens Healthineers, Unisys, Accenture, BBVA, NEC Corporation, Pattison Food Group Ltd., DENSO, and Lockheed Martin. D-Wave also owns one of the industry’s largest quantum computer intellectual property portfolios, with more than 210 issued U.S. patents.

Beyond her work with the Department of Homeland Security, Secretary Nielsen has held various domestic and international government roles. She has served on the White House Homeland Security Council, helped create and run the TSA, and led the World Economic Forum’s Global Agenda Council on Risk and Resilience. Secretary Nielsen is a member of the State Bar of Texas, holds a B.S. in foreign service from Georgetown University and a J.D. from the University of Virginia’s School of Law, and has practiced transactional law.

D-Wave CEO Dr. Alan Baratz said this is a transformative time in quantum computing, as governments and businesses increasingly recognize the near-term value today’s quantum solutions can deliver. “It’s also a transformative time for D-Wave, and we’re incredibly excited to have Secretary Nielsen join the board to help the company accelerate quantum adoption and explore quantum’s impact on AI and machine learning. As an attorney, public servant, and US and international policy expert, she will bring valuable perspectives to the D-Wave board,” Baratz added.

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. Forward-looking statements in this press release include, but are not limited to, statements regarding the potential of quantum computing, D-Wave’s positioning in the industry, and the perspectives that Sec. Nielsen will bring to the D-Wave board. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risk that Sec. Nielsen may leave the D-Wave board sooner than expected; general economic conditions and other risks; the company’s ability to expand its customer base and the customer adoption of its 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 D-Wave’s products; the effects of competition on the company’s business; the risk that D-Wave will need to raise additional capital to execute its 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 that company is unable to secure or protect its intellectual property; volatility in the price of its securities; the risk that its 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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