D-Wave's Seoul Conference Filing: Five Outside Presenters, No Contract Values

This report is based on public company disclosures, filings and announcements reviewed by GSN; figures are as stated by the company and have not been independently verified.

D-Wave Quantum Inc. (Nasdaq: QBTS) furnished a Form 8-K on September 16, 2026 announcing Qubits Asia 2026: Quantum Realized, a full-day user conference to be held on October 28, 2026 in Seoul. The filing, made under Item 7.01, Regulation FD Disclosure, attaches the press release as Exhibit 99.1 and says the event will spotlight production applications, research and the latest developments in the company’s annealing and gate-model technologies.

The release lists five presentations by outside speakers: Shuichi Fukuda of NTT DOCOMO on two D-Wave-powered applications the release says are operating in production; Wanki Cho of LG CNS on the use of D-Wave technology in 3D CT imaging for manufacturing inspection; Professor Daniel Park of Yonsei University on how annealing “could enhance” generative AI workflows; Po-Hsun Fang of National Yang Ming Chiao Tung University on reticle optimization in semiconductor manufacturing; and Assistant Professor Seon-Geun Jeong of Gyeongsang National University on research that scheduled more than 50 vessels and 15 quay cranes at Busan Port using real operational data. Chief executive Dr Alan Baratz and chief development officer Dr Trevor Lanting are to give company updates.

Dr Baratz is quoted saying that Japan, Singapore, South Korea and Taiwan “are moving decisively to establish global leadership in quantum computing”. The release says the conference “comes amid continued momentum” for the company in the region, and the boilerplate describes D-Wave as the only company offering both annealing and gate-model systems, with a Leap cloud service at 99.9 percent availability and more than 100 organizations as users.

Reading the filing

The filing contains no financial figure of any kind. It gives no revenue from the Asia-Pacific region, no count of customers there, no contract values for the presenting organizations and no cost for the event. “Growing customer adoption” and “continued momentum” are the release’s words, and neither is attached to a number. The only quantity in the boilerplate, more than 100 organizations, is a global figure that appears in the company’s standard description and is not new.

The filing does not say which of the presenters are paying customers. NTT DOCOMO’s two applications are described as “now operating in production”, but the release does not say whether they run on D-Wave’s cloud or on an installed system, or under what commercial terms. LG CNS is described as using D-Wave technology; the release does not say it is a customer. The three academic presentations are research, and the Busan Port work is described as research that “used” the technology; the release does not say the port has adopted the schedule it produced. Professor Park’s topic is framed as how annealing “could enhance” generative AI, a possibility rather than a result.

The choice of Item 7.01 matters for how to read the document. The filing states that the information is not deemed “filed” for purposes of Section 18 of the Exchange Act, the standard formula for furnished material, which carries less liability than a filed report. The 8-K is signed by Dr Baratz as president and chief executive. No independent party is named.

What is new is the event itself and its program. The dual-platform claim, the uptime figure and the description of regional initiatives spanning network optimization, drug discovery, materials science, semiconductor manufacturing and port operations are the company’s existing descriptions of itself, repeated here.

Questions worth asking

Which of the five presenting organizations pay D-Wave, and how much? The release presents production use at NTT DOCOMO and LG CNS as evidence of adoption, but attaches no contract, revenue or system placement to either.

Are the NTT DOCOMO applications running through the Leap cloud service or on a purchased system? The distinction determines whether the production use is a subscription or a capital sale, and the release does not make it.

Has Busan Port put the quay-crane schedule into use? The research scheduled more than 50 vessels and 15 quay cranes on real data, but the release describes it as research, not as an operating deployment.

What will the company disclose at the event about its gate-model program? The release promises updates from Dr Baratz and Dr Lanting on both technologies but gives no specifics on gate-model status, timing or customers.

Key terms in this story

Regulation FD disclosure. The item of a current report under which a company furnishes information to the market rather than files it. D-Wave used it here, and the filing states the standard formula that the material is not deemed filed, which limits liability under the exchange act.

Quantum annealing. A form of quantum computing built to search for good solutions to optimization problems such as scheduling and routing. All the customer and research presentations named in this release, from network efficiency to crane allocation, are annealing applications.

Gate-model quantum computing. The general-purpose approach in which calculations are assembled from basic operations on qubits. The release names it as the company’s second platform and promises an update on it at the event, without giving details.

Production application. Software running in day-to-day operations rather than in a pilot or a laboratory. The release uses the phrase for NTT DOCOMO’s two applications and for the event’s theme, but does not attach commercial terms to any of them.