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• Among the most notable technical achievements was the completion of the calibration of a 4,400 qubit Advantage2(TM) processor, capable of solving much larger and complex problems with faster time-to-solution than earlier generation processors.
• D-Wave earned"awardable" status on the U.S. Department of Defense's Tradewinds buying platform, gaining increased visibility with U.S. government customers.
• New partnerships and collaborations include working with NTT DOCOMO, Japan Tobacco Inc., Staque and the Chicago Quantum Exchange.

D-Wave Quantum (NYSE: QBTS)
("D-Wave"), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, recently announced Q3 2024 business results, highlighting several key operational milestones and technological achievements, including new partnerships and developments in driving the adoption of quantum computing technology.

"Annealing quantum computing is continuing to drive the commercial adoption of quantum technology," said Dr. Alan Baratz, CEO of D-Wave, in a company news release ( )."Organizations around the world - from Vinci Energies in Europe to NTT DOCOMO in Japan - are recognizing the...

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NOTE TO INVESTORS:
The latest news and updates relating to QBTS are available in the company's newsroom at

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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