DPCM Capital (NYSE: XPOA), a special purpose acquisition company, is set to be part of a newly formed company, D-Wave Quantum Inc., following the expected closing of a transaction contained in a definitive agreement between itself and D-Wave Systems Inc., a leader in quantum computing systems, software and services. D-Wave is “focused on delivering customer value via practical applications for problems such as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, fault detection, and financial modeling,” a recent article reads.
As the only provider building both annealing and gate-model quantum computers, the company is unlocking commercial use cases in optimization today while building the technologies that will enable new solutions tomorrow. Its current commercial product offerings include: Advantage(TM) (fifth generation quantum computer), Leap(TM) (quantum cloud service), Launch(TM) (quantum computing professional services onboarding service), and Ocean(TM) (full suite of open-source programming tools). D-Wave’s commercial customers include blue-chip industry leaders like Volkswagen, Accenture, BBVA, NEC Corporation, Save-On-Foods, DENSO, and Lockheed Martin. The company boasts an extensive IP portfolio featuring more than 200 issued U.S. patents and over 100 peer-reviewed papers published in leading scientific journals.
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About DPCM Capital Inc.
DPCM Capital, a special purpose acquisition company, on February 9, 2022, announced its entry into a definitive transaction agreement with D-Wave Systems Inc., a company with approximately 20 years of experience in pioneering superconducting annealing quantum computers. Upon closing of the transaction, shares of D-Wave Quantum Inc., which will be the newly formed parent company of D-Wave Systems and DPCM Capital, are expected to trade on the NYSE under ticker symbol QBTS. Subject to the satisfaction of customary closing conditions, the transaction is expected to enhance D-Wave’s leadership in commercial quantum computing and accelerate quantum use cases into significant customer segments.
NOTE TO INVESTORS: The latest news and updates relating to XPOA are available in the company’s newsroom at https://ibn.fm/XPOA
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