• D-Wave introduced algorithmic updates to its Constrained Quadratic Model (“CQM”) solver, delivering increased performance for existing binary problem classes, including offer allocation, portfolio optimization, and satisfiability
• D-Wave tested 2,045 binary quadratic problems, with the new CQM solver winning 80% of the problems against prior versions
• D-Wave's hybrid solvers expand the size and complexity of potential problems customers can solve using classical and quantum computation to find better answers to complex business problems

D-Wave Quantum (NYSE: QBTS) , a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, recently announced an update to its Constrained Quadratic Model (“CQM”) hybrid solver in its Leap(TM) quantum cloud service. The company introduced algorithmic updates to its CQM solver, delivering increased performance for existing binary problem classes, including offer allocation, portfolio optimization, and satisfiability ( ).

D-Wave's Advantage(TM) quantum computer is the first and only quantum computer designed for business applications. The platform features a processing architecture with over 5,000 qubits and 15-way connectivity. The Advantage system features 2.5x more connections and more than double the...

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NOTE TO INVESTORS:
The latest news and updates relating to QBTS are available in the company's newsroom at

Forward Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. Forward-looking statements in this press release include, but are not limited to, statements regarding the potential of today's quantum hybrid technologies to help developers tackle quadratic problems to find better solutions. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, varifactors beyond management's control, including general economic conditions and other risks; the company's ability to expand its customer base and the customer adoption of the company's solutions; risks within D-Wave's industry, including anticipated trends, growth rates, and challenges for companies engaged in the business of quantum computing and the markets in which they operate; the outcome of any legal proceedings that may be instituted against the company; risks related to the performance of its 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 the company's products; the effects of competition on its business; the risk that the company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the company may never achieve or sustain profitability; the risk that the company is unable to secure or protect its intellectual property; volatility in the price of the company's securities; the risk that its securities will not maintain the listing on the NYSE; and the numerother factors set forth in D-Wave's Annual Report on Form 10-K for its fiscal year ended December 31, 2022, and other filings with the Securities and Exchange Commission. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to the company on the date hereof. D-Wave undertakes no duty to update this information unless required by law.

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