D-Wave Quantum Inc. (NYSE: QBTS) Accelerates Commercial Quantum Adoption As Business and Government Interest in Quantum Computing Grows

  • D-Wave is working with a portfolio of impressive commercial customers including Mastercard, Deloitte, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, and many more
  • Governments worldwide are calling for the implementation of quantum applications – with the United States pushing for development and deployment of quantum applications within the next 24 months
  • D-Wave, the world’s first commercial quantum computing solutions supplier, is successfully filling the increasing quantum needs of customers along with the growing interest of the government for expanding quantum technology

D-Wave Quantum (NYSE: QBTS), a leader in commercial quantum computing systems, software, and services, continues to provide customers clear value via practical quantum and quantum-hybrid applications that solve real-world problems in the areas of logistics, artificial intelligence, materials sciences, drug discovery, scheduling, and financial modeling. The company delivers these applications to a portfolio of blue-chip industry leaders that include Mastercard, Deloitte, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, and more – reflecting the growing interest and adoption of today’s quantum annealing technology among forward-looking companies.

D-Wave’s quantum technology has been applied to a multitude of computationally complex problems, from grocery store optimization to protein design. Groovenauts and Mitsubishi Estate utilized quantum annealing to optimize waste collection and reduce carbon dioxide emissions by 57% (https://ibn.fm/vxRnH). Pattison Food Group reduced the time of important grocery optimization tasks from 25 hours to two minutes using D-Wave’s quantum technology (https://ibn.fm/9HH8Y). Sigma-i streamlined personnel management through quantum computing (https://ibn.fm/oWbjp).

As awareness of quantum annealing’s value to the enterprise grows, D-Wave is also providing resources to streamline adoption. It designed the Launch™ program to help enterprises accelerate the quantum journey by facilitating the transition from problem discovery to production implementation. The company’s in-house professional services teams and technical domain experts help customers start their first quantum project and drive application development through to real-world production implementation.

Various forward-thinking organizations see quantum as an opportunity to move ahead of the competition. According to Hyperion Research, 80% of early adopters plan to increase their commitment to quantum in the next two to three years (https://ibn.fm/RBgMA). Governments worldwide are also pushing for the implementation of quantum applications – with the United States pushing for development and deployment within the next 24 months.

D-Wave Quantum recently announced that it had regained listing compliance with the New York Stock Exchange (“NYSE”), meeting its continued listing standard for the minimum share price. On July 3, 2023, the NYSE provided D-Wave with a notification letter of recompliance based on the company’s minimum share price being at least $1.00 on June 30, 2023, and a calculation of the average closing price for 30 trading days that reflected the $1.00 minimum requirement on the applicable dates. D-Wave will continue to be traded on the NYSE, subject to all applicable listing standards (https://ibn.fm/MIFh2).

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

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