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D-Wave Quantum Inc. (NYSE: QBTS), Staque Join Forces to Advance Annealing Quantum Computing Adoption in the Middle East

  • The strategic partnership between D-Wave and Staque aims to accelerate the commercial adoption of annealing quantum computing solutions in the region.
  • The two companies will leverage D-Wave’s quantum computers and hybrid solvers to help customers develop and deploy quantum and hybrid quantum applications to address enterprise optimization and AI problems.
  • The partnership was revealed at the first-ever Qubits UAE event in Dubai, which was organized jointly by D-Wave, Staque, and Staque’s regional partner, SquareOne.

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, announced a new strategic partnership with Staque, a leading consulting and development practice focused on AI, blockchain and quantum computing, designed to step up the commercial adoption of annealing quantum computing across the Middle East (https://ibn.fm/TNAND).

The partnership was unveiled at the first-ever Qubits UAE event, which D-Wave organized in collaboration with Staque and Staque’s partner in the region, SquareOne, a leading provider of business transformation technologies in the Middle East and Africa. Held in Dubai on September 20, 2024, Qubits UAE featured specially curated content from D-Wave’s annual Qubits user conference, which took place in Boston on June 17-18 this year. The event showcased “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.

D-Wave and Staque plan to work together to help customers develop and deploy quantum and hybrid quantum applications designed to address enterprise optimization and AI problems. This will be achieved by leveraging D-Wave’s quantum computers and hybrid solvers, accessible through D-Wave’s Leap(TM) quantum cloud service. The companies will be able to explore quantum applications that address complex challenges facing today’s organizations including supply chain management, utility grid optimization, portfolio optimization and port optimization. The strategic partnership comes as countries in the Middle East are increasingly focused on diversifying their economies, expanding into areas such as logistics, financial services and advanced technology, according to the International Monetary Fund.

“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,” said Dr. Muhammad Khan, CEO and founder of Staque.

“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.”

For more information, visit the company’s website at www.dwavequantum.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

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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