8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

_____________________________________________________________

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 20, 2024

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D-Wave Quantum Inc.

(Exact Name of Registrant as Specified in Its Charter)

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Delaware	001-41468	88-1068854
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

2650 East Bayshore Road

Palo Alto, California

94303

(Address of principal executive offices)

(604) 630-1428

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

_____________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, par value $0.0001 per share	QBTS	New York Stock Exchange
Warrants, each whole warrant exercisable for 1.4541326 shares of common stock at an exercise price of $11.50	QBTS.WT	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

| Emerging growth company | x | | --- | --- || If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | o | | --- | --- |

Item 7.01 Regulation FD Disclosure.

On August 20, 2024, D-Wave Quantum Inc. (“D-Wave”) and NTT DOCOMO Inc. (“DOCOMO”), Japan’s largest mobile phone operator with over 90 million subscriptions, announced a quantum optimization pilot that resulted in demonstrable mobile network performance improvements. Using D-Wave’s annealing quantum computing solutions, DOCOMO found that it can reduce congestion at base stations by decreasing paging signals during peak calling times by 15%, potentially leading to increased efficiencies and lowered infrastructure costs. DOCOMO plans to deploy the hybrid-quantum solution in production across its Japanese branch offices in the coming months. A copy of the press release is attached as Exhibit 99.1.

The information in this Item 7.01 to this Current Report on Form 8-K, including Exhibit 99.1, is intended to be furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press release, dated August 20, 2024.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 20, 2024	D-Wave Quantum Inc.
	By:	/s/ Alan Baratz
	Name:	Alan Baratz
	Title:	President & Chief Executive Officer

Document

NTT DOCOMO and D-Wave Improve Mobile Network Performance by 15% with Quantum Optimization Technology

Project shows reduction in network signal congestion across base stations, with potential for more efficient signal transmission and equipment cost savings

PALO ALTO, Calif. and TOKYO – August 20, 2024 – 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, and NTT DOCOMO Inc., Japan’s largest mobile phone operator with over 90 million subscriptions, today announced a quantum optimization pilot that resulted in demonstrable mobile network performance improvements. Using D-Wave’s annealing quantum computing solutions, DOCOMO found that it can reduce congestion at base stations by decreasing paging signals during peak calling times by 15%, potentially leading to increased efficiencies and lowered infrastructure costs. The company plans to deploy the hybrid-quantum solution in production across its Japanese branch offices in the coming months.

D-Wave’s hybrid-quantum technology was used to optimize base station tracking areas – which are small geographical regions – that collectively send paging signals and process extensive historical data on device movements between stations. This helps DOCOMO predict future movement patterns and determine the best combination of base stations to re-establish connections as devices move between tracking areas.

The solution’s efficiency was demonstrated in pilot tests for certain areas in Japan (Tokai, Chugoku, Kyushu regions) when compared to classical methods. While a general-purpose solver took 27 hours, D-Wave’s hybrid solver completed the same task in just 40 seconds. The test results showed that quantum optimization led to a 15% reduction in paging signals, allowing approximately 1.2 times more terminals to be connected during periods of high call volume. This expanded bandwidth for base station resources has the potential to greatly reduce congestion, which would help the company maintain quality network traffic flow even during heavy usage. Additional details around this pilot are available in English and Japanese here and here.

“We anticipate that our quantum optimization strategy will further refine network efficiency, allowing us to maintain high-quality service without additional infrastructure investments as network traffic increases,” said Takatoshi Okagawa, director of research and development strategy at NTT DOCOMO. “With D-Wave’s hybrid quantum technology, we aim to set a new standard in the telecommunications industry for operational performance.”

“Telcos are faced with a slew of increasing operational complexities — from 5G implementation to ever-shifting consumer demands — and need novel solutions to maintain a competitive edge,” said Dr. Alan Baratz, CEO of D-Wave. “DOCOMO’s successful pilot sends a clear signal — that today’s quantum technologies are capable

of solving telcos’ complex optimization problems, with the potential to elevate customer satisfaction, maintain network performance and mitigate rising infrastructure costs.”

Following its successful pilot, DOCOMO plans to deploy the annealing quantum computing solution into production at branch offices across Japan. The company is also exploring opportunities to apply quantum optimization across its business units including finance, retail, traffic and logistics, and construction.

About NTT DOCOMO

NTT DOCOMO, Japan's leading mobile operator with over 90 million subscriptions, is one of the world's foremost contributors to 3G, 4G and 5G mobile network technologies. Beyond core communications services, DOCOMO is challenging new frontiers in collaboration with a growing number of entities ("+d" partners), creating exciting and convenient value-added services that change the way people live and work. Under a medium-term plan toward 2020 and beyond, DOCOMO is pioneering a leading-edge 5G network to facilitate innovative services that will amaze and inspire customers beyond their expectations. https://www.docomo.ne.jp/english/

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world’s first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers. Our mission is to unlock the power of quantum computing today to benefit business and society.We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. D-Wave’s technology has been used by some of the world’s most advanced organizations including Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory.

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.

Media Contacts:

D-Wave

Alex Daigle

media@dwavesys.com

NTT DOCOMO

NTT DOCOMO Quantum Project

xt2_quantum-pj@ml.nttdocomo.com