Quantinuum announces a new investment by IBM, extending capabilities with IBM Quantum systems in joint commitment to grow the quantum ecosystem

Quantinuum Joins IBM Quantum Ecosystem to Advance Quantum Computing Applications

CAMBRIDGE, England and BROOMFIELD, Colo., Feb. 22, 2022 /PRNewswire/ -- Quantinuum today announced an agreement with IBM to expand the IBM Quantum Hub with Cambridge Quantum Computing Limited, providing clients with greater access to IBM's quantum computing systems, including IBM's recently announced 127 qubit processor, "Eagle," as well as to IBM's quantum expertise and Qiskit, to drive and develop the quantum ecosystem. IBM's investment in Quantinuum was facilitated by IBM Ventures.

"We are excited to expand access to IBM Quantum hardware and Qiskit, providing our clients with solutions developed for state-of-the-art quantum computing hardware. We continue to utilize a broad range of quantum processors including IBM, given their position as a leader in superconducting quantum computers, a critical and important part of the growth in the capabilities of quantum computers," said Quantinuum CEO Ilyas Khan. "IBM has been a great advocate for the creation of a growing quantum ecosystem as well as an early investor in Cambridge Quantum and now Quantinuum. We look forward to opening up a wide range of possibilities to further advance quantum computing industry applications."

Quantinuum is a result of the combination of two leaders in the global eco-system for quantum computing: Honeywell Quantum Solutions and Cambridge Quantum. This new investment and business collaboration provides an example of how Quantinuum is poised to accelerate the development of quantum computing and innovation of quantum technologies to deliver real-world quantum-enabled solutions for some of the most intractable problems that classical computers have not been able to solve.

For more information, visit www.quantinuum.com^[1].

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. The Honeywell trademark is used under license from Honeywell International Inc. Honeywell makes no representations or warranties with respect to this service.

References

1. ^{^} www.quantinuum.com (www.quantinuum.com)