Swiss Quantum Technology SA has signed a significant €10 million agreement with D-Wave Quantum Inc. to deploy a D-Wave Advantage2TM annealing quantum computer in Europe. This agreement also includes an option to purchase the system, indicating a substantial commitment from SQT. The placement of this advanced quantum computer will support Italy's newly formed Q-Alliance, which aims to empower the country with global infrastructure in quantum computing to drive its digital transformation future.
The D-Wave Advantage2 system, featuring over 4,400 qubits, is designed to solve complex computational problems beyond the capabilities of classical computers. This deployment aligns with SQT's commitment to meeting the increasing demand for advanced computation while minimizing energy consumption. The system will be accessible to customers through D-Wave's Leap™ real-time quantum cloud service, enabling them to leverage the power of this advanced quantum processor.
Dr. Alan Baratz, CEO of D-Wave, emphasized the significance of this agreement in expanding global access to their annealing quantum computers. He highlighted the potential of D-Wave's production-grade annealing quantum computing technology in fueling quantum application development and adoption in Europe.
Enrico De Mitri, CEO of SQT, stressed the limitations of traditional computing in terms of performance and energy efficiency. He expressed the belief that D-Wave's technology could be essential in delivering powerful solutions with a significantly smaller energy footprint.
This partnership signifies a crucial step in the advancement of quantum computing in Europe, with the deployment of the D-Wave Advantage2 system poised to drive innovation and support the digital transformation objectives of Italy's Q-Alliance. The market has reacted to these announcements by moving the company's shares 6.01% to a price of $43.06. For the full picture, make sure to review D-Wave Quantum's 8-K report.
