- 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
This article contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which statements are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. We caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, which are subject to a number of risks. Forward-looking statements in this article include, but are not limited to, statements regarding the release and performance of the Advantage2 processor. We cannot assure you that the forward-looking statements in this article will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including general economic conditions and other risks; customer acceptance of our products and services; and the uncertainties and factors set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the registration statement on Form S-1 filed by the Company with the SEC on February 13, 2023, as well as factors associated with companies, such as D-Wave, that are engaged in the business of quantum computing, including anticipated trends, growth rates, and challenges in those businesses and in the markets in which they operate; the outcome of any legal proceedings that may be instituted against us; risks related to the performance of our 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 our products; the effects of competition on our business; the risk that we will need to raise additional capital to execute our business plan, which may not be available on acceptable terms or at all; the risk that we may never achieve or sustain profitability; the risk that we are unable to secure or protect our intellectual property; volatility in the price of our securities; the risk that our securities will not maintain the listing on the NYSE; changes in applicable laws and regulations; the effect of pandemics, geopolitical events, natural disasters, wars, or terrorist acts on our business or the economy in general; and the impact of inflation. Furthermore, if the forward-looking statements contained in this article prove to be inaccurate, the inaccuracy may be material. In addition, you are cautioned that past performance may not be indicative of future results. In light of the significant uncertainties in these forward-looking statements, you should not place undue reliance on these statements in making an investment decision or regard these statements as a representation or warranty by any person we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this article represent our views as of the date of this article. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this article.
MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.
For more information, visit www.MissionIR.com