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D-Wave to open European office on uptownBasel campus, facilitating increased development of near-term quantum applications for businesses, governments, and researchers

Burnaby, BC, November 3, 2023--(T-Net)--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.

Damir Bogdan, CEO, QuantumBasel

"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.

Alan Baratz, Chief Executive Officer, D-Wave Quantum Inc.

"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.