D-Wave to open European office on uptownBasel
campus, facilitating increased development of near-term quantum
applications for businesses, governments, and researchers
D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing
systems, software, and services and the world’s first commercial
supplier of quantum computers, and QuantumBasel, Switzerland’s
first quantum hub for commercial use embedded in the uptownBasel
innovation campus, today announced a two-year extension to the
companies’ strategic relationship to further accelerate quantum and
quantum-hybrid application development in Europe. As part of the
agreement, D-Wave will open a European office on the QuantumBasel
campus, establishing an onsite presence in support of the
companies’ joint efforts to fast-track the commercialization of
quantum computing in the region.
The opening of D-Wave’s European office reflects growing
regional customer interest in and usage of D-Wave’s annealing
quantum computing solutions, which include the Advantage™ system, a
fifth-generation annealing quantum system that features 5,000+
qubits and 15-way connectivity. In addition to QuantumBasel,
D-Wave’s European customers include Koç Holding, Satispay, Poznan
Superconducting and Network Center, Cineca, as well as several
other Forbes Global 2000 companies.
D-Wave and QuantumBasel signed their initial strategic
collaboration agreement in December 2022, in which D-Wave was named
as a quantum technology provider for QuantumBasel, giving the
center’s tenants and customers access to its Advantage annealing
quantum computer via the Leap™ real-time quantum cloud service.
Since the initial agreement, uptownBasel and D-Wave have
successfully led a variety of joint go-to-market initiatives and
worked on numerous customer engagements, including a pilot project
with VINCI Energies in which quantum-hybrid applications targeted
at industrial construction are being created.
"This extended partnership with D-Wave solidifies our shared
dedication to quantum innovation in Switzerland and beyond. Our
collaboration is a promise to drive quantum advancements and
progress towards broader commercial adoption," said Damir Bogdan,
CEO of QuantumBasel.
"D-Wave and QuantumBasel's strengthened alliance is a next step
into the quantum era. As an investor, it's exhilarating to see this
international commitment to Switzerland’s tech landscape,” said Dr.
Thomas Staehelin, investor and president of the board of
uptownBasel.
“QuantumBasel and D-Wave share a vision of solving the world’s
most complex problems for the betterment of industry and society,”
said Dr. Alan Baratz, CEO of D-Wave. “Today’s announcement reflects
strong progress toward achieving that mission, as joint customers
are quickly realizing the near-term advantage of D-Wave’s quantum
technology. Through our collaboration and now our European office
presence, we anticipate accelerated momentum for quantum and
quantum-hybrid applications moving into production and fueling
operations.”
About uptownBasel and uptownBasel Infinity
(QuantumBasel)
uptownBasel serves as a global hub for Industry 4.0, seamlessly
connected to the world while firmly rooted in Basel, Europe.
Situated on the historic Schorenareal site in Arlesheim near Basel,
an expansive research and production facility covering
approximately 70,000 square meters is being constructed. With the
opening of Building 1 and its use by the two European technology
groups Bouygues and Vinci (Axians and Actemium), the campus has
already created 400 new jobs since 2021. In total, the centre will
house about 100 companies, generating up to 2500 jobs. The
investment volume amounts to over 500 million Swiss francs.
uptownBasel is made possible by the private ownership of the family
Monique and Thomas Staehelin and is being developed by Fankhauser
Arealentwicklungen.
uptownBasel Infinity, a wholly owned subsidiary of the
uptownBasel Group, runs “QuantumBasel”, its center of competence
for quantum and artificial intelligence and the first commercial
quantum hub in Switzerland. Seamless access to quantum and
high-performance computing is made available to tenants and the
ecosystem of uptownBasel, including enterprises, research
institutes, startups, and universities. Collaborating with esteemed
technology partners like IBM, D-Wave, IonQ, and NVIDIA, uptownBasel
Infinity is also expanding its global network to encompass research
institutes and universities. www.quantumbasel.com
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 customers include Volkswagen,
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.
Forward-looking statements in this press release include, but are
not limited to, statements regarding D-Wave’s plans to open a
European office on the QuantumBasel campus and the potential
results of the collaboration between D-Wave and uptownBasel. 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; 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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version on businesswire.com: https://www.businesswire.com/news/home/20231026790206/en/
Media Contacts: QuantumBasel Camila Galvez
camila.galvez@uptownbasel.ch
D-Wave Alex Daigle media@dwavesys.com
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