D-Wave Expands Executive Leadership Bench With New Chief Information Security Officer

Seasoned executive Stan Black brings 20+ years of leading strategic programs for cybersecurity, risk, and compliance to the company

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today announced it is expanding its executive team with the appointment of security industry veteran Stan Black as chief information security officer (CISO).

At D-Wave, Black will align the company’s security strategy with its corporate business goals, inform product development, and advance artificial intelligence and machine learning governance.

“Stan has built his career around making security practical, scalable, and effective, whether in multi-cloud environments, AI governance, or regulatory compliance,” said Dr. Alan Baratz, CEO of D-Wave. “Applying his deep knowledge and proven expertise to our business will help ensure that D-Wave continues to implement world-class security and compliance practices for the benefit of customers, partners and our internal teams.”

“D-Wave is leading the commercialization of quantum computing – a remarkable position that requires an equally remarkable focus on cybersecurity to protect the company’s interests and safeguard against complex threats,” said Black. “I’m looking forward to applying my decades of experience in security and risk management as D-Wave’s period of accelerated growth continues.”

Black is a cybersecurity veteran with more than 20 years of experience leading security and compliance strategies at leading public and private technology companies that serve both the public and private sector, including Dell/EMC/RSA/VMware, Citrix, Nuance Communications, and Delinea. A trusted voice in cybersecurity, Black regularly shares his perspectives as a speaker, media contributor, and advisor to industry leaders.

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 quantum computers — the world’s largest — feature QPUs with sub-second response times and can be deployed on-premises or accessed through our quantum cloud service, which offers 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 quantum 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.

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.