D-Wave Quantum Inc. (NYSE: QBTS) Advances Quantum Computing with Enhanced 4,400+ Qubit Advantage2(TM) Processor

• The successful calibration and benchmarking of the 4,400+ qubits Advantage2 processor is a significant milestone in D-Wave’s ongoing development of its sixth-generation annealing quantum computing system.
• Advantage2 has significantly more computational power than the current Advantage(TM) system, able to solve certain customer problems 25,000 times faster.
• Advantage2 offers improvements in areas such as faster time-to-solution, higher quality solutions, and ability to solve larger problems.

D-Wave (NYSE: QBTS), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, has achieved a significant milestone in the ongoing development of its sixth-generation annealing quantum computing system by completing the calibration and benchmarking of a 4,400+ qubit Advantage2 processor (https://ibn.fm/SEoTd).

The Advantage2 processor has shown substantial performance gains, with more computational power than the current 5,000 qubit Advantage system, as demonstrated by recent performance benchmarks. Advantage2 has been able to solve a wide range of complex computational problems in areas such as optimization, artificial intelligence (“AI”) and materials science, in some cases 25,000 times faster than the current Advantage system.

To emphasize its capabilities across a wide range of quantum applications, the processor can also provide five times better solutions on problems that require advanced precision and was able to surpass the current Advantage system in 99% of tests on satisfiability problems.

The 4,400+ qubits Advantage2 processor can deliver significant improvements in the following areas:

• Qubit coherence time: doubled in comparison with the Advantage processor, which drives faster time to solution,
• Energy scale: increased by 40% to deliver higher-quality solutions,
• Qubit connectivity: increased from 15 to 20-way connectivity to enable solutions to larger problems.

“Our strategic decision to focus development efforts on enhancing the connectivity and coherence of our next annealing quantum computing system has proven successful,” said Dr. Trevor Lanting, chief development officer at D-Wave. “We’re thrilled with the performance of our recently calibrated processor, and we believe this technology will deliver amazing results for our customers, solving bigger and more complex problems.”

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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