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.
To view the full article, visit https://ibn.fm/v9aXm
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
About MissionIRNewsBreaks
MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. 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.
MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]
Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html
