- The company’s share price recently reached a 52-week high, a significant milestone that reflects a period of robust trading and investor optimism.
- D-Wave continues efforts to expand its board of directors with experienced tech executives to assist the company’s aggressive go-to-market strategy and accelerate adoption of its annealing quantum computing technology.
- The latest board addition, Sharon Holt, is a veteran technology executive, investor and board director with extensive global industry experience.
D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, has seen a remarkable share price surge in recent weeks, reporting a 52-week high. The price increase is a significant milestone for the company, reflecting a period of robust trading and investor optimism (https://ibn.fm/QBIw4).
To support its aggressive go-to-market efforts amid accelerating adoption of its annealing quantum computing solutions, D-Wave has added several key members to its board of directors in recent weeks, including John DiLullo and Rohit Ghai in October 2024. The latest addition, announced on Nov. 25, is Sharon Holt, a veteran technology executive, investor and board director with extensive global industry experience in semiconductors, embedded technologies and intellectual property (https://ibn.fm/ysqzY).
“We’re witnessing the onset of a new era of computation, as quantum shifts from an experimental technology to an essential solution for any organization looking to solve its toughest problems,” said Holt. “As the world’s first commercial quantum computing company, D-Wave is at the forefront of this quantum transformation, and I’m looking forward to supporting the company as it helps customers harness the power of quantum for measurable impact today.”
Throughout her career, Holt has had executive roles spanning business unit leadership, P&L ownership, business development, sales, marketing and engineering. Holt held executive roles at Agilent Technologies and HP and until 2016, she served as senior vice president and general manager of the semiconductor business group at Rambus Inc., a leading technology development and licensing company. Since 2016, she has served as a principal at Fraser Stuart Ventures, LLC, a private investment and advisory firm.
Holt also serves on the board of directors of Infinera Corp., a publicly traded supplier of intelligent transport network solutions, and previously served as chair of the board of directors of Immersion Corporation, a publicly traded developer of haptics technology for cell phones and other devices.
D-Wave board chair Steve West said the board was very excited to welcome Holt as a new member to assist the company’s efforts to fuel the global adoption of annealing quantum computing. “Her proven business leadership coupled with a background in successful go-to-market strategies are well-suited for maximizing impact of the company’s growth initiatives,” West said.
D-Wave CEO Dr. Alan Baratz said Holt’s addition to the board was perfectly timed to help the company capitalize on its unique position and advantages in the process of developing a profitable and solid business. “D-Wave’s opportunity is significant, supported by remarkable product development, rapidly growing customer adoption and ongoing scientific advancements,” said Dr. Baratz.
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. 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.
About TechMediaWire
TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.TechMediaWire.com
Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://www.TechMediaWire.com/Disclaimer
TechMediaWire
Los Angeles, CA
www.TechMediaWire.com
310.299.1717 Office
Editor@TechMediaWire.com
TechMediaWire is powered by IBN