Quantum computing company Pasqal goes public via SPAC

00:00 Speaker A

For viewers who aren't familiar with your company, Wac, maybe just explain, you know, in simple terms what you all sell and who is paying you for it.

00:10 Wasiq

First of all, thank you for having me here. Very excited about our strong market debut today. So, Pascal makes quantum computers and the software that runs on it. And, um, we are the world leader in terms of the number of quantum computers that are operational out there, with the possible exception of, um, IBM. And what's unique about our systems is that they work in standard data centers, and they provide quantum value today, not in the future, but today. So, we sell our systems, or people can access access them through cloud, through Microsoft and and Google cloud services. But we focus on key verticals. So our first area of focus is oil and gas sector where Saudi Aramco is our big customer and we solve problems in the upstream sector. Our second big focus area is financial services, where Credit Agricole is our big customer. and they recently announced that based on the work we have done with them, they're going to put our quantum enabled solutions into production. And the third area we focus on is specialty materials like rare earth element containing magnets, semiconductors and battery materials, and LG Electronics is our customer.