D-Wave Quantum Inc. (NYSE:QBTS) ("D-Wave" or the "Company"), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced it is hosting a series of seminars in Italy starting this week, aimed at advancing annealing quantum computing awareness and adoption among leading universities in the region as part of the Q-Alliance. Revealed at last week's Digital Innovation Forum in Como, Italy, the Q-Alliance has been created to support the Italian government's strategic framework for digital and quantum technologies.

A core objective of the Q-Alliance is the development of a state-of-the-art quantum computing and research facility in Lombardy, Italy. In support of that effort, D-Wave announced a €10M contract for a D-Wave Advantage2TM annealing quantum computer in the region, ensuring accessibility for Italy's scientific community, academia, and industry. In partnership with the Italian government and the Q-Alliance, the agreement includes acquisition of 50% capacity of an Advantage2 system for five years with the option to purchase the full system.