D-Wave Quantum's (QBTS) VoltaB1 Advantage2 annealing quantum computer arrived in Italy for installation at Villa Saporiti in Como, the company said Thursday.

Once installed, the Swiss Quantum Technology-funded system will give European researchers, universities, and businesses access to production-grade annealing quantum computing technology.

The system will be formally inaugurated at the Q-Alliance event Friday, D-Wave said.

D-Wave and Swiss Quantum Technology previously entered into a 10 million euro ($11.2 million) agreement to deploy an annealing quantum computer in Europe. Under the agreement, Swiss Quantum Technology acquired 50% of the system's capacity for five years and holds an option to purchase the entire system.

Shares of the company were down more than 3% in pre-bell activity on Thursday.