SQT is the only European operator with contracted for-profit access to D-Wave's industrial quantum annealing capacity — fused with Portfolio CH, a production-grade optimization platform for institutional finance. Swiss precision. Commercial velocity. Preparing for U.S. public listing.
Most quantum companies sell hardware. SQT sits deliberately at the applied and platform layer — capturing the economic value of quantum without the capital intensity or fault-tolerance risk of the chip-makers.
Controlled access to 284 hours per month of a D-Wave Advantage quantum annealer — with a €25M call option for the full 568-hour, 100%-capacity system. Predictable unit economics. Scarcity-driven pricing.
Proprietary Quadratic Unconstrained Binary Optimization libraries, hybrid classical-quantum orchestration middleware, and domain-specific templates. Each release increases revenue extracted per compute hour and deepens customer switching costs.
Portfolio CH delivers quantum portfolio optimization for institutional finance at TRL 5. The same architecture extends to energy trading, grid balancing, supply chain, and pharmaceutical discovery — multi-year enterprise contracts with recurring revenue.
Industrial-grade quantum compute cannot scale horizontally. Each additional annealer requires cryogenic infrastructure, 18-month lead times, and hundreds of millions in capital. The result is scarcity-driven pricing near €4,000 per hour — a fundamentally different economic regime from classical cloud.
Executed on October 13, 2025 between SQT and D-Wave Quantum Services Europe Ltd. The contract is the foundational asset of the business — a diligence-verifiable, five-year position in Europe's only industrially-deployed quantum modality.
Commercial scope is disciplined. SQT pursues only workloads where the optimization structure maps cleanly to a QUBO formulation and where customers can measure quantum value today — not a speculative tomorrow.
The D-Wave Hosted System Agreement is executed, diligence-verifiable, and operative. It is the foundation of the commercial strategy — not a forecast. This is the single feature that structurally differentiates SQT from its pre-revenue quantum peers.
Quantum annealing has run continuously in production for years — billions of optimization runs executed. SQT does not depend on fault-tolerance milestones or gate-based breakthroughs. The addressable market exists in 2026, not 2032.
Proposed SPAC proceeds of ~USD 150M (base case) fully fund the €10M D-Wave commitment, the €25M purchase option, platform engineering, commercial buildout, and operating runway through positive cash flow by 2029.
2025 saw 144 SPAC IPOs raising $30B; 2026 YTD has added another $11B. The current market rewards tech-forward structures with committed anchor PIPE support and real operating assets — the precise profile SQT is designed to fit.
This website contains forward-looking statements regarding SQT's proposed business combination and commercial strategy. Forward-looking statements are subject to significant risks, uncertainties, and assumptions. Actual results may differ materially. No representation or warranty is made as to the accuracy or completeness of the information contained herein. This website does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction. Any such offer will be made only by means of definitive transaction documentation and a registration statement and/or proxy statement filed with the U.S. Securities and Exchange Commission.