D-Wave Quantum Inc. - QBTS STOCK NEWS

D-Wave Quantum (NYSE:QBTS) has achieved 'Awardable' status in the Department of Defense's Chief Digital and Artificial Intelligence Office's Tradewinds Solutions Marketplace. This designation enables DoD customers to access D-Wave's annealing quantum computing technologies alongside AI/ML, data, and analytics capabilities. The company, recognized for its real-time cloud-accessible quantum computer and optimization applications, collaborated with Clipper Defense to demonstrate use cases in supply chain optimization and transportation logistics. The marketplace inclusion validates D-Wave's technology meets US government standards and positions them to support DoD's mission objectives.

D-Wave Quantum (NYSE: QBTS) has appointed two new board members, John DiLullo and Rohit Ghai, to support its market expansion strategy. DiLullo, currently CEO of Deepwatch, brings over 30 years of technology experience and expertise in growth transformation. Ghai, CEO of RSA, contributes extensive experience in digital transformation and regulated markets. These appointments come as D-Wave executes an aggressive go-to-market strategy to accelerate the adoption of its annealing quantum computing solutions across global businesses, research institutions, and government agencies.

D-Wave Quantum Inc. (NYSE: QBTS) announced its participation in the 2024 INFORMS Annual Meeting, Oct. 20-23, in Seattle. The company will showcase how quantum optimization can surpass classical solvers for complex real-world problems. Key highlights include:

1. A Technology Showcase presentation by Murray Thom on quantum solutions for complex optimization problems.

2. An exhibitor workshop led by Catherine Potts on quantum computing fundamentals and applications.

3. Recruitment efforts for positions in quantum optimization.

4. Live demonstrations of D-Wave's Leap™ quantum cloud service at Booth 206.

5. Offering attendees consultations and a chance for a complimentary proof-of-technology project.

D-Wave aims to demonstrate how quantum-powered solutions can drive efficiencies in logistics, manufacturing, and supply chain management.

D-Wave Quantum Inc. (NYSE: QBTS) has received a notice from the New York Stock Exchange (NYSE) on October 2, 2024, stating that it is not in compliance with the NYSE Listed Company Manual due to its average closing stock price falling below $1.00 over a consecutive 30 trading-day period. The company has a six-month cure period to regain compliance by achieving a closing share price of at least $1.00 and an average closing share price of at least $1.00 over a 30 trading-day period.

D-Wave has notified the NYSE of its intention to cure the stock price deficiency and return to compliance. The company is considering various options, including a potential reverse stock split subject to shareholder approval. During this period, D-Wave's common stock will continue to be listed and traded on the NYSE, provided it complies with other NYSE continued listing standards.

D-Wave Quantum Inc. (NYSE: QBTS) has introduced service-level agreements (SLAs) for its Leap™ quantum cloud service customers transitioning to production applications. The company's Leap service, providing access to annealing quantum computers and hybrid solvers since 2018, has consistently exceeded 99.9% availability for its Solver API and quantum computers over the past two years.

Key highlights include:

• Nearly 200 million jobs run without scheduling or queue times
• Average job processing time of less than a second on the QPU
• 30% boost in processing speeds with recent enhancements
• 215% increase in job submissions over the past 12 months, totaling over 60 million

The SLAs aim to support the growing commercial adoption of quantum technology by ensuring reliability and accessibility for business-critical workflows.

D-Wave Quantum Inc. (NYSE: QBTS) announced that CEO Dr. Alan Baratz will deliver a mainstage keynote at Yotta 2024 on October 9, 2024, in Las Vegas. The conference, focusing on digital infrastructure convergence, will feature Dr. Baratz discussing quantum computing's commercial adoption and its relationship with artificial intelligence.

Dr. Baratz will showcase how D-Wave's customers are integrating quantum solutions into existing infrastructures using the Leap™ real-time quantum cloud service. The presentation will include a live demonstration of quantum-optimized resource scheduling, highlighting the technology's applicability to various IT scenarios. This keynote aims to illustrate how quantum computing provides exponential speedup for complex computational tasks.

D-Wave Quantum Inc. (NYSE: QBTS) and Japan Tobacco Inc.'s pharmaceutical division have announced a collaboration on a proof-of-concept project to leverage quantum computing and artificial intelligence in drug discovery. The project aims to use D-Wave's annealing quantum computing solutions to accelerate the speed and quality of training JT's AI-driven analysis systems for drug design.

The goal is to pioneer a new process for discovering 'first-in-class' pharmaceutical small compounds. JT's AI team will be supported by D-Wave's professional services experts. Dr. Masaru Tateno, CSO of JT's Pharmaceutical Research Center, expressed high expectations for the effectiveness of D-Wave's quantum technology in expanding the exploration space for pharmaceutical small compounds.

Following the proof-of-concept project, JT plans to further advance the developed Quantum AI-driven Drug Discovery analysis systems and potentially move quantum computing technology into production operations.

D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, has appointed Sophie Ames as its new Chief Human Resources Officer. With over 25 years of HR experience, Ames will lead the company's global human capital innovation strategy to support D-Wave's next growth phase. She will focus on strengthening connections between performance, people, and processes across the entire employee lifecycle engagement.

CEO Dr. Alan Baratz expressed excitement about leveraging Ames' expertise to scale teams and capabilities worldwide. Ames, who has held leadership roles in various international technology and services companies, will play a important role in building and differentiating D-Wave's employee value proposition in a competitive labor market. Her appointment comes as D-Wave experiences growing momentum in the era of commercial quantum computing.

D-Wave Quantum Inc. (NYSE: QBTS) and Staque have announced a strategic partnership to accelerate the adoption of annealing quantum computing across the Middle East. The collaboration aims to help customers develop and deploy quantum and hybrid quantum applications for enterprise optimization and AI problems.

The partnership will utilize D-Wave's quantum computers and hybrid solvers, accessible through the Leap™ quantum cloud service, to explore applications addressing complex challenges such as supply chain management, utility grid optimization, portfolio optimization, and port optimization.

This initiative aligns with Middle Eastern countries' focus on economic diversification beyond oil production, expanding into areas like logistics, financial services, and advanced technology. The partnership was unveiled at Qubits UAE in Dubai, showcasing quantum-powered business optimization use cases and advancements in quantum-fueled AI technology.