Canadian Government Invests $33.5 Milion in Quantum Research at Anyon Systems's Partner, U. of Sherbrooke

Montreal, Canada, July 31, 2015 (Newswire.com) - Anyon Systems Inc. congratulates the University of Sherbrooke, and in particular Prof. Alexandre Blais and his colleagues, for being awarded a major grant from Canada First Research Excellence Fund (CFREF) competition.

The $33.5 million federal grant to the University of Sherbrooke for the “From Quantum Science to Quantum Technology” project will strengthen Canada's position as a global leader in the field of quantum technology.

Congratulations to our partners at the U. of Sherbrooke. This funding will enable Anyon Systems to use its collaboration with the university in order to further propel our firm as a global player in quantum computing and communication technologies.

Dr. Alireza Yazdi, Founder and CEO of Anyon Systems Inc.

"Our collaboration with worldwide high-tech companies, like Google, IBM and Microsoft, research centers and innovative start-ups such as Anyon Systems, pushing the limits of quantum-based research, strategically positions us to broaden our reach on the global stage" explains Jacques Beauvais, Vice-President Research, Innovation and Entrepreneurship of University of Shebrooke.

Anyon Systems Inc. is a major partner with the University of Sherbrooke in research and development projects related to quantum technologies, and has pledged significant investment in collaborative research within the next few years. Dr. Alireza Yazdi, the founder and CEO of Anyon Systems expresses high hopes in the wake of the announcement: “Congratulations to our partners at the U. of Sherbrooke. This funding will enable Anyon Systems to use its collaboration with the university in order to further propel our firm as a global player in quantum computing and communication technologies. ” says Alireza Yazdi, the CEO of Anyon Systems Inc.

The potential of quantum technologies

Quantum physics is peculiar. It predicts that particles can be at two places at once and that, in the right conditions, the electrical current in a wire can flow simultaneously in two opposite directions. It is now recognized that exploiting the strangest aspects of quantum physics will lead to new transformative quantum technologies. Chief among such technologies is a quantum computer.

Quantum computing is a new and promising paradigm in high performance computing in which laws of quantum physics are used to obtain significant computational speed up for efficient solution of some of the most challenging problems in cyber security, big data analysis, molecular simulation, etc. Successful applications of quantum computing to any of these problems will open doors to massive and growing markets.

According to the Market Research Media Inc., the global market size of quantum computing is projected to be about $26 billion between 2015 to 2020, and is expected to grow with a compound annual growth rate (CAGR) of 10.4%.

About Anyon Systems Inc.

Anyon Systems Inc., is the first quantum technology company in East Canada and the world's first producer of engineering softwares to design and optimize electronics which harness the power of quantum physics. With its headquarters at Dorval, Quebec, Anyon Systems Inc. produces state-of-art hardware and softwares solutions in quantum related technologies such as quantum computing, and quantum communications.

About the Canada First Research Excellence Fund

Launched in December 2014, the Canada First Research Excellence Fund will invest $1.5 billion over 10 years to propel Canadian research at universities and colleges from world-class to world leading in areas that create long-term economic advantages for Canada.

About the Université de Sherbrooke

The Université de Sherbrooke is the heart of one of three major research hubs in Quebec. Recognized for its sense of innovation, the Université de Sherbrooke is at the forefront of social, cultural and economic development in partnership with national and regional governments. The Université ranks among Canada's best universities, thanks to the remarkable growth of its research activities in recent years, success in technology transfer, entrepreneurial initiatives and open innovation in collaboration with industrial and social partners.