Los Angeles, CA – (NewMediaWire) – October 24, 2023 – (InvestorBrandNetwork via NewMediaWire) – IBN, a multi-faceted financial news, content creation and publishing company, aims to optimize investor awareness and recognition. It is used by both public and private companies.
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LG’s Korean mobile network operator LG U+ has collaborated with KAIST (Korea Advanced Institute of Science and Technology) and South Korea’s Qunova Computing to harness the power of D-Wave’s quantum computing solution to power its 6G satellite network.
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D-Wave’s annealing quantum computers have helped companies successfully develop seamless ground-to-satellite and inter-satellite links.
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D-Wave is the world’s first commercial supplier of quantum computers, helping customers apply practical quantum computing solutions to solve today’s most complex computational problems.
D-Wave Quantum (NYSE: QBTS) recently announced that LG U+, under the leadership of CEO Hyeon Sik Hwang, has collaborated with Korea Advanced Institute of Science and Technology (“KAIST”) and Qunova Computing to advance breakthrough 6G development. Announced. Low Earth Orbit (“LEO”) satellite network. The network facilitates seamless connectivity of satellite-to-ground links (“SGL”) and inter-satellite links (“ISL”) that leverage the power of D-Wave’s quantum computing system, helping optimize complex networks. Succeed.
The 6G LEO satellite network represents an innovative communications network that utilizes ground stations and orbiting satellites within an altitude range of 500 to 10,000 km. SGL and ISL require robust connectivity to achieve the highest level of communication.
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Note to investors: The latest news and updates related 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 statements as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. They are cosmetic statements and may not be indicative of future results. Forward-looking statements in this press release include, without limitation, statements regarding whether advancing 6G and quantum communications research will enhance LG U+’s competitive position. These forward-looking statements are subject to a number of risks and uncertainties, including various factors that are beyond management’s control. general economic conditions and other risks; our ability to expand our customer base and customer adoption of our solutions; risks within D-Wave’s industry, including anticipated trends, growth rates and challenges for companies in the business of quantum computing and the markets in which they operate; the outcome of any legal proceedings that may be brought against us; risks related to the performance of our business and the timing of anticipated business or financial milestones; unanticipated technical or project development challenges, including with respect to cost and/or timing; Performance of our products. the effect of competition on our business; the risk that we will need to raise additional capital to implement our business plans and may not be able to do so on acceptable terms or at all; the risk that we may never achieve or maintain profitability; the risk that we may not be able to secure or protect our intellectual property; changes in the price of our securities; the risk that our securities may not be able to maintain listing on the NYSE; and numerous other factors described in D-Wave’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and other filings with the Securities and Exchange Commission. You should not place undue reliance on the forward-looking statements contained in this press release when making investment decisions. These statements are based on information available as of the date of this press release. We undertake no obligation to update this information unless required by law.
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