(MENAFN- Investor Brand Network) D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) a leader in quantum computing systems, software, and services, announced an agreement with Swiss Quantum Technology SA (“SQT”) to deploy a D-Wave Advantage2^TM annealing quantum computer in Europe. The agreement represents a €10M multi-year QCaaS commitment from SQT, with an option to purchase the system.

Placement of the SQT funded Advantage2 system supports Italy's newly formed Q-Alliance, an initiative focused on establishing Italy's quantum leadership. Capable of solving complex computational problems beyond the reach of classical computers, the Advantage2 system funded by SQT will be accessible to customers via D-Wave's LeapTM real-time quantum cloud service. Featuring D-Wave's most advanced quantum processor to date, the 4,400+ qubit Advantage2 system is a powerful and energy-efficient quantum computer designed to facilitate quantum and hybrid quantum applications for production deployment.

“The agreement with SQT is an important milestone in our ongoing effort to expand global access to our fleet of annealing quantum computers and to help our rapidly growing customer base solve computationally complex problems faster and more efficiently,” said Dr. Alan Baratz, CEO of D-Wave.“As Europe extends its quantum leadership, we believe that D-Wave's production-grade annealing quantum computing technology will serve as a critical component, fueling quantum application development and adoption now.”

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About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world's first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our quantum computers - the world's largest - feature QPUs with sub-second response times and can be deployed on-premises or accessed through our quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our quantum systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we're shaping the quantum-driven industrial and societal advancements of tomorrow: .

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. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading“Risk Factors” discussed under the caption“Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption“Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. 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 us on the date hereof. We undertake no duty to update this information unless required by law.

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