D-Wave Quantum Featured in Fireside Chat at Needham Technology, Media and Consumer Conference

Rhea-AI Summary

D-Wave Quantum, a pioneer in quantum computing and the first commercial provider of quantum computers, participated in a fireside chat at the 19th Annual Needham Technology, Media, and Consumer Conference. The discussion featured CEO Dr. Alan Baratz and CFO John Markovich, moderated by Needham senior analyst Quinn Bolton. Topics covered included D-Wave's leadership in the quantum computing sector, advancements in annealing technology, and real-world commercial applications of their solutions for complex optimization problems. The recording is available on their Investor Relations site.

Positive

• D-Wave Quantum emphasized its leadership position in the quantum computing industry during the fireside chat.
• Discussed advancements in annealing technology, which is more suited for commercial applications.
• Highlighted how current customers use D-Wave's solutions to tackle complex optimization problems.
• Participation in a high-profile conference like Needham can enhance visibility among investors.

Negative

• The press release did not provide specific financial data or any business metrics.
• No concrete information on revenue growth, profitability, or market share.
• The impact of the annealing technology on financial performance was not clearly outlined.
• The press release lacked details on any potential risks or challenges facing the company.

PALO ALTO, Calif.--(BUSINESS WIRE)-- D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today posted a recording of its recent fireside chat at the 19^th Annual Needham Technology, Media and Consumer Conference. The discussion between D-Wave CEO Dr. Alan Baratz, D-Wave CFO John Markovich and Needham senior analyst Quinn Bolton addressed a variety of topics related to the company’s leadership in the quantum computing industry, including its technical progress, why its annealing technology is more applicable to commercial applications, and how D-Wave’s customers are using its solutions to address highly complex optimization problems today.

The recorded fireside chat can be accessed here as well as via the D-Wave Investor Relations site.

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world’s first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers. Our mission is to unlock the power of quantum computing today to benefit business and society. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. D-Wave’s technology has been used by some of the world’s most advanced organizations including Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240603610534/en/

D-Wave

Alex Daigle

media@dwavesys.com

Source: D-Wave Quantum Inc.

FAQ

What was discussed during the D-Wave Quantum fireside chat at the Needham Conference?

The fireside chat covered D-Wave's leadership in quantum computing, advancements in annealing technology, and commercial applications for complex optimization problems.

Where can I access the recording of D-Wave Quantum's fireside chat?

The recording is available on the D-Wave Investor Relations site.

What is the significance of D-Wave's annealing technology?

D-Wave's annealing technology is highlighted for its suitability to commercial applications, addressing highly complex optimization problems.

Who participated from D-Wave Quantum in the Needham Conference fireside chat?

D-Wave's CEO Dr. Alan Baratz and CFO John Markovich took part in the fireside chat.

What is D-Wave Quantum's stock symbol?

D-Wave Quantum's stock symbol is QBTS.