D-Wave Quantum Inc. (NYSE: QBTS) and NEC Australia Introduce Quantum Services to Australian Market

  • D-Wave and NEC Australia announced two new quantum offerings for Australia’s commercial sector, federal and state governments, and academia
  • The companies’ new quantum services aim to optimize business operations and can navigate increasingly large datasets to find solutions to real-world problems
  • New offerings include a quantum consultancy service and access to D-Wave’s Leap(TM) real-time quantum cloud service

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, and NEC Australia recently announced the introduction of two new quantum services to the Australian market, enhancing the quantum computing offerings available to Australia’s commercial sector, federal and state governments, and academia (https://ibn.fm/x9b2Y).

The quantum technology services from NEC Australia and D-Wave can optimize business operations faster than classical computers and navigate increasingly large datasets to find solutions to real-world problems, including logistics and supply chain management, emergency response, financial risk modeling, and drug discovery.

D-Wave and NEC Australia’s joint service offerings include:

  • Quantum Consultancy Service: NEC Australia and D-Wave develop and test quantum solutions to help address their customers’ complex challenges using Proof of Concepts (“POCs”) through a refined engagement and delivery methodology. Quantum solutions can be seamlessly migrated into practical business applications. This service, powered by D-Wave’s skilled quantum data scientists, provides hands-on support to help customers understand and transform complex business problems into optimized technical solutions for efficient and cost-effective implementations.
  • Leap Quantum Cloud Service: Customers can access D-Wave’s Leap real-time quantum cloud service, enabling them to perform their own research while tapping into the cutting-edge capabilities of quantum computing. This service provides immediate, real-time access to D-Wave’s Advantage(TM) quantum computers and quantum-hybrid solvers, offering enterprise-class performance and scalability.

Murray Thom, Vice President of Quantum Technology Evangelism at D-Wave, said quantum computing is at an important inflection point, as it moves from experimentation to operational use, helping organizations solve their computationally complex problems through real-world applications at scale. “We’re thrilled to team up with NEC to accelerate commercial and government adoption of this transformative technology in Australia and bring its remarkable potential to bear for business and society,” Thom said.

NEC Australia’s Vice President – Technology & Innovation, Ayala Domani, said the company was delighted to work with D-Wave to provide transformative quantum solutions in Australia and ensure that its customers remain agile, efficient, and competitive in an increasingly data-driven world. “Quantum computing is no longer solely the subject of futuristic speculation or found only in top-secret research facilities; it’s a commercially available technology that is revolutionizing business and government operations today, and NEC Australia and D-Wave are proud to lead the way forward in this space,” Domani added.

Domani and Thom also recently spoke at Quantum Australia 2024 in Sydney – representing NEC Australia and D-Wave. Held at the state-of-the-art Winx Stand at Royal Randwick, the three-day in-person program explored the theme “Accelerating Impact: From Research to Commercialisation and Developing Quantum Technology Markets’.”

NEC Australia has 50 years of expertise in delivering complex technical solutions to Australian government agencies and businesses. D-Wave has over 20 years of global leadership in quantum computing solutions – together, NEC Australia and D-Wave have delivered successful local quantum applications since 2021. A shared vision unites the companies in transforming the potential of quantum computing to elevate economic prospects and opportunities for all Australians.

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

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 quantum computing. 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; 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 the company’s 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 its products; the effects of competition on the company’s business; the risk that D-Wave 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 D-Wave may never achieve or sustain profitability; the risk that D-Wave is unable to secure or protect the company’s intellectual property; volatility in the price of its securities; the risk that the company’s securities will not maintain the listing on the NYSE; the risk that its restatement of certain previously issued audited and unaudited financial statements or material weaknesses in internal controls could negatively affect investor confidence and raise reputational issues; and the numerous other 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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