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On September 20, 2024
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D-Wave and Staque Announce Strategic Partnership to Accelerate Annealing Quantum Computing Adoption Across the Middle East By Investing.com
Agreement designed to foster collaboration and usage of quantum computing solutions for optimization and AI applications PALO ALTO, Calif. & CALGARY, Alberta--(BUSINESS WIRE)--D-Wave Quantum (NASDAQ:QMCO) 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, and Staque, a leading consulting and development practice in AI, blockchain and quantum computing, announced a new strategic partnership aimed at accelerating the commercial adoption of annealing quantum computing across the Middle East. The partnership was revealed at Qubits UAE in Dubai, a half-day version of D-Wave's annual Qubits user conference, which is showcasing success powered by quantum through business optimization use cases, progress in quantum-fueled AI technology, and demonstrations of annealing quantum computing performance over classical computing. Together, D-Wave and Staque will focus on helping customers develop and deploy quantum and hybrid quantum applications designed to address enterprise optimization and AI problems. The companies plan to use D-Wave's quantum computers and hybrid solvers, accessible through D-Wave's Leapā¢ quantum cloud service, to explore quantum applications that address complex challenges facing today's organizations, including supply chain management, utility grid optimization, portfolio optimization and port optimization, just to name a few. The partnership comes as countries in the Middle East are focused on diversifying economic sources away from oil production and exports, expanding into areas such as logistics, financial services and advanced technology, according to the International Monetary Fund. Our team is dedicated to pushing boundaries, embracing new challenges, and creating impactful solutions that drive our customers' success, said Dr. Muhammad Khan, CEO and founder of Staque. By partnering with D-Wave, the world's first commercial quantum computing company, we're able to bring incredible computational processing power to bear for our clients, with the intention of helping them take advantage of advanced technology solutions that can drive their businesses forward. We believe organizations must embrace today's advanced technologies such as quantum computing and AI in order to succeed in today's highly competitive and complex environment, said Lorenzo Martinelli, chief revenue officer at D-Wave. Staque recognizes the transformative impact that annealing quantum computing could have on its customers, and our shared commitment to redefining what's possible with technology makes this partnership very exciting. About Staque Staque is dedicated to empowering businesses, public sector institutions, and government entities with cutting-edge technology solutions. Our team of industry and academic experts leverages a unique skillset in artificial intelligence, web3, high-performance computing, and quantum computing to solve complex real-world problems. We believe in the power of technology to transform and innovate, and we are committed to helping our clients stay ahead of the curve. 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 (NYSE:MA), Deloitte, Davidson Technologies, ArcelorMittal (NYSE:MT), Siemens Healthineers, Unisys (NYSE:UIS), NEC Corporation, Pattison Food Group Ltd., DENSO (OTC:DNZOY), Lockheed Martin (NYSE:LMT), Forschungszentrum JĆĀ¼lich, 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.
[2]
D-Wave and Staque Announce Strategic Partnership to Accelerate Annealing Quantum Computing Adoption Across the Middle East
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, and Staque, a leading consulting and development practice in AI, blockchain and quantum computing, announced a new strategic partnership aimed at accelerating the commercial adoption of annealing quantum computing across the Middle East. The partnership was revealed at Qubits UAE in Dubai, a half-day version of D-Wave's annual Qubits user conference, which is showcasing "success powered by quantum" through business optimization use cases, progress in quantum-fueled AI technology, and demonstrations of annealing quantum computing performance over classical computing. Together, D-Wave and Staque will focus on helping customers develop and deploy quantum and hybrid quantum applications designed to address enterprise optimization and AI problems. The companies plan to use D-Wave's quantum computers and hybrid solvers, accessible through D-Wave's Leapā¢ quantum cloud service, to explore quantum applications that address complex challenges facing today's organizations, including supply chain management, utility grid optimization, portfolio optimization and port optimization, just to name a few. The partnership comes as countries in the Middle East are focused on diversifying economic sources away from oil production and exports, expanding into areas such as logistics, financial services and advanced technology, according to the International Monetary Fund. "Our team is dedicated to pushing boundaries, embracing new challenges, and creating impactful solutions that drive our customers' success," said Dr. Muhammad Khan, CEO and founder of Staque. "By partnering with D-Wave, the world's first commercial quantum computing company, we're able to bring incredible computational processing power to bear for our clients, with the intention of helping them take advantage of advanced technology solutions that can drive their businesses forward." "We believe organizations must embrace today's advanced technologies such as quantum computing and AI in order to succeed in today's highly competitive and complex environment," said Lorenzo Martinelli, chief revenue officer at D-Wave. "Staque recognizes the transformative impact that annealing quantum computing could have on its customers, and our shared commitment to redefining what's possible with technology makes this partnership very exciting." About Staque Staque is dedicated to empowering businesses, public sector institutions, and government entities with cutting-edge technology solutions. Our team of industry and academic experts leverages a unique skillset in artificial intelligence, web3, high-performance computing, and quantum computing to solve complex real-world problems. We believe in the power of technology to transform and innovate, and we are committed to helping our clients stay ahead of the curve. 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 JĆ¼lich, 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.
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D-Wave Quantum Inc. and Staque have formed a strategic partnership to accelerate the adoption of annealing quantum computing across the Middle East. This collaboration aims to address complex optimization challenges in various industries.
D-Wave Quantum Inc., a leader in quantum computing systems, software, and services, has announced a strategic partnership with Staque, a pioneering quantum technology company based in Abu Dhabi 1. This collaboration aims to accelerate the adoption of annealing quantum computing across the Middle East, focusing on addressing complex optimization challenges in various industries 2.
The partnership will enable Staque to offer D-Wave's Advantageā¢ annealing quantum computer, hybrid solvers, and Oceanā¢ software development kit to its customers in the region. This move is expected to significantly expand access to quantum computing resources and expertise in the Middle East [1]. By leveraging D-Wave's technology, Staque aims to help organizations tackle complex business challenges and drive innovation across various sectors.
The collaboration between D-Wave and Staque will target several key industries in the Middle East, including:
These sectors are expected to benefit from quantum-hybrid applications that can optimize operations, improve efficiency, and solve complex problems that are challenging for classical computers [2].
As part of the agreement, Staque will provide local quantum expertise and support to customers in the region. This includes access to D-Wave's quantum cloud service, Leapā¢, which offers real-time access to quantum computers and quantum hybrid solvers [1]. The partnership will also focus on developing and implementing quantum computing solutions tailored to the specific needs of Middle Eastern businesses and organizations.
For D-Wave, this partnership represents a significant step in expanding its global market presence. The company sees the Middle East as a region with high potential for quantum computing adoption and innovation [2]. By collaborating with Staque, D-Wave aims to tap into new markets and accelerate the development of quantum applications that can address real-world challenges.
The strategic partnership between D-Wave and Staque is expected to have far-reaching implications for the quantum computing landscape in the Middle East. As more organizations gain access to advanced quantum technologies, there is potential for breakthrough innovations and solutions across various industries. This collaboration may also stimulate further investment in quantum research and development in the region, positioning the Middle East as a growing hub for quantum technology [1][2].
Reference
[1]
Singapore's Quantum Engineering Programme (QEP) signs MoU with Quantinuum, granting researchers access to advanced quantum computers. This collaboration aims to boost quantum technology development and applications in Singapore.
2 Sources
As artificial intelligence (AI) continues to dominate headlines, quantum computing is poised for its own breakthrough moment. Experts believe quantum supremacy could be achieved within the next five years, potentially revolutionizing various industries.
3 Sources
IonQ, a leader in quantum computing, has been selected to present at Fast Company's 2024 Innovation Festival. The company will demonstrate its latest advancements in quantum technology and discuss its impact on various industries.
2 Sources
Quantum AI Global (QAIG) and Q-CTRL have formed a strategic partnership to advance quantum technology in India. This collaboration comes as India's quantum technology sector sees increased investment and educational initiatives.
3 Sources
SEALSQ announces plans to release quantum-resistant chips in late 2024 and adopts the open-standard RISC-V architecture, aligning with the growing demand for Edge-AI and machine learning applications.
2 Sources