D-Wave Quantum Inc. (NYSE: QBTS) Announces Collaboration with VINCI Energies and QuantumBasel to Develop Quantum-Hybrid Applications for Industrial Construction

  • D-Wave, VINCI Energies, and QuantumBasel’s work will include using D-Wave’s annealing quantum computers and quantum hybrid solvers to create a series of quantum-hybrid applications
  • VINCI Energies is exploring the capabilities of quantum computing over classical computing methods for building heating, ventilation, and air conditioning (“HVAC”) system design
  • D-Wave’s Leap(TM) quantum cloud service delivers immediate, real-time access to the company’s Advantage(TM) Quantum Computer and quantum hybrid solver service, with enterprise-class performance and scalability

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, focused on delivering customer value via practical quantum applications, has announced a collaboration with QuantumBasel and VINCI Energies, an accelerator of environmental and digital transition, to explore quantum solutions for industrial construction. QuantumBasel and VINCI Energies will work on the research and development of a series of quantum-hybrid applications – which will use D-Wave’s annealing quantum computers and quantum hybrid solvers through the Leap(TM) quantum cloud service – to provide VINCI Energies with real-time access to quantum solutions.

“Construction projects feature a multitude of optimization challenges that can contribute to cost overruns and delayed building completions when not adequately addressed. We believe today’s quantum-hybrid technologies can help solve these computationally complex problems to drive efficiencies and streamline building processes and look forward to working with VINCI Energies and uptownBasel to bring quantum to the construction industry,” said Dr. Alan Baratz, CEO of D-Wave (https://ibn.fm/jt271).

VINCI Energies will explore the capabilities that quantum computing offers in addressing quality improvement (i.e. shorter compute time and lower costs) of generated HVAC network solutions. VINCI Energies, QuantumBasel, and D-Wave have reached a stage where they have two model formulations that will be used for experimentation during the early stages of the second phase.

Dr. Reinhard Schlemmer, Member of the Board of VINCI Energies, explained that his company designs and builds facilities that help improve daily life and mobility for all, with a constant eye on sustainability and environmental responsibility. “We believe that today’s quantum technology can play a key role in ensuring optimal and efficient construction and operation of buildings and are eager to use D-Wave’s quantum solutions in support of that effort,” he added. 

D-Wave’s Leap(TM) quantum cloud service delivers immediate, real-time access to the company’s Advantage(TM) Quantum Computer and quantum hybrid solver service, with enterprise-class performance and scalability. Leap(TM) allows customers to develop quantum hybrid applications for use cases in manufacturing, logistics, financial services, life sciences, materials science, retail, and transportation. It helps businesses accelerate solutions to their complex computing problems.

With the Advantage(TM) Quantum Computer, D-Wave has incorporated two decades of experience and over ten years of customer feedback to create the first quantum computer designed for business applications. This innovative platform features a new processing architecture with over 5,000 qubits and 15-way qubit connectivity – 2.5 times more connections and more than double the number of qubits than its previous generation annealing quantum computer.

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 use of D-Wave’s annealing quantum computers and quantum hybrid solvers in this collaboration, the potential of today’s quantum hybrid technologies to help solve the identified problems and the potential impact of solving such problems, and the role of today’s quantum technology in the construction and building sectors. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risk that these projects may not be completed successfully or at all; general economic conditions and other risks; our ability to expand our customer base and the customer adoption of our 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 us; risks related to the performance of our 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 our products; the effects of competition on our business; the risk that we will need to raise additional capital to execute our business plan, which may not be available on acceptable terms or at all; the risk that we may never achieve or sustain profitability; the risk that we are unable to secure or protect our intellectual property; volatility in the price of our securities; the risk that our securities will not maintain the listing on the NYSE; 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 us on the date hereof. We undertake no duty to update this information unless required by law.

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