Introducing Quantinuum: The World's Largest Integrated Quantum Computing Company

Quantinuum is a result of the combination of two global leaders in quantum computing: Honeywell Quantum Solutions and Cambridge Quantum

November 30, 2021

Cambridge, UK and Broomfield, Colorado, November 30th, 2021 — The two leading companies in the quantum computing industry have combined to create Quantinuum, thereby accelerating the development of quantum computing and innovation of quantum technologies in a platform agnostic manner to deliver real-world quantum-enabled solutions for some of the most intractable problems that classical computers have not been able to solve. 

Cambridge Quantum, the pioneer in quantum software, operating systems, and cybersecurity, and Honeywell Quantum Solutions, which has built the highest-performing quantum hardware, based on trapped-ion technologies, today announced they have satisfied all of the conditions required to close the business combination and formed the new company, now called Quantinuum. 

“Quantinuum is now the largest and most advanced integrated quantum computing company in the world,” said Ilyas Khan, CEO of the new company and founder of Cambridge Quantum. “By uniting the best-in-class quantum software available with the highest performing hardware available, we are uniquely positioned to bring real, quantum computing products and solutions to large, high-growth markets in the near term, the medium term and the longer term as quantum computers scale in capacity and quality. We are science led, and enterprise driven, and our scale and global presence in this most critical of technologies will provide leadership in each of the key areas that constitute the ‘must haves’ for quantum computing to deliver real world solutions to all our customers and partners.”

Quantinuum will globally launch a quantum cyber security product in December 2021, and later in 2022, an enterprise software package that applies quantum computing to solve complex scientific problems in pharmaceuticals, materials science, specialty chemicals and agrochemicals.  It will also announce major upgrades to the System Model H1 hardware technologies, Powered by Honeywell, which has the highest measured quantum volume, as well as industry breakthroughs that reduce errors thereby continuing to progress credibly towards the development of a fault-tolerant quantum system. In this respect, the H-Series quantum computers continue the trend of meeting and exceeding the deliverables that the company has previously committed to as part of its hardware roadmap.

“I am thrilled to help lead our new company, which will positively change the world through the application of quantum computing. Our scientists continue to work hard to develop the best quantum software and hardware technologies available and I am excited to be able to offer these to customers on an on-going basis,” said Tony Uttley, President and Chief Operating Officer of Quantinuum. “The next few weeks and months are going to be extremely active for Quantinuum as we increase the pace in deriving unique value from today’s quantum computers especially in cyber security. However, in addition to cyber security, our products will include solutions for drug discovery and drug delivery, materials science, finance, natural language processing, as well as optimization, pattern recognition, and supply chain and logistics management.”

Quantinuum was formed six months after Honeywell announced that Honeywell Quantum Solutions, its quantum computing division, would separate from the company and combine with Cambridge Quantum. Honeywell is the largest shareholder of Quantinuum with an approximately 54 percent ownership stake in the new company. Additionally, on top of this stake, Honeywell has also invested nearly $300 million in the new venture, ensuring that Quantinuum is well capitalized at inception. The other major shareholder is Ilyas Khan the founder of Cambridge Quantum, and the CEO of Quantinuum with an approximately 23% holding. Other shareholders include IBM and JSR Corp from Japan.

Honeywell is also a supplier to Quantinuum, supporting the manufacturing process for the company’s proprietary ion-traps. Additionally, Honeywell is a customer of Quantinuum on various projects across its business units.

Quantinuum has a staff of almost 400 people at inception, with offices in the United Kingdom, United States, Japan, and Germany.  Of those employees, approximately 300 are scientists working on technical teams to advance the hardware and develop software solutions.

Quantinuum will maintain a European headquarters in Cambridge, UK and a North American headquarters in Colorado, US. The company will continue to be entirely platform agnostic in its choice of hardware to provide total portability to its clients and ensure the most effective performance for the problems being solved. 

For more information, visit www.quantinuum.com.

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.

About Quantinuum

Quantinuum, the world’s largest integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents. 

October 5, 2026
Quantinuum and The University of Western Australia Partner to Advance Australia's Quantum Capability
  • Quantinuum and The University of Western Australia (UWA) sign MOU to help prepare Australia’s workforce and innovation ecosystem for the hybrid quantum-AI-HPC computing era
  • Quantinuum will provide UWA-affiliated researchers, students and entrepreneurs with access to its full-stack quantum computing ecosystem, including Helios, the world's most accurate commercial quantum computer1
  • Collaboration will focus on developing quantum applications for sectors critical to Australia's economy, including critical minerals, energy, agriculture, and healthcare

BROOMFIELD, Colo., and PERTH, Australia—October 5, 2026—Quantinuum (NASDAQ: QNT), a leading quantum computing company, today announced the signing of a Memorandum of Understanding (MOU) with The University of Western Australia (UWA) to advance Australia’s quantum capability by expanding access to advanced quantum computing, developing quantum talent, and accelerating the development of practical applications that integrate quantum computing, AI, and high-performance computing (HPC).

Through the collaboration, UWA-affiliated researchers, students, and entrepreneurs will gain cloud-based access to Quantinuum's full-stack quantum computing platform, including Helios, the company's latest-generation quantum computer. The partnership is designed to provide hands-on experience with advanced quantum technologies while creating new opportunities to explore how quantum computing, artificial intelligence, and high-performance computing can work together to address complex real-world challenges.

The organisations will also explore opportunities to expand UWA's Quantum and AI research ecosystem through a university-wide quantum computing applications centre that would bring together academic, industry, and government stakeholders to identify and develop high-value use cases in critical sectors for Australia’s economy, including critical minerals, energy, agriculture, and healthcare.

"Australia has set an ambitious vision for quantum, and it is making meaningful progress toward turning that vision into reality thanks to leadership from institutions like UWA," said Marvin Lee, Quantinuum’s Singapore-based Country Leader. "Together, we're bringing our full suite of capabilities, from world-leading hardware and software to application expertise and ecosystem programs, to develop practical quantum applications and hybrid workflows that will prepare Australia for the quantum era and support the nation's future prosperity."

Beyond providing access to advanced quantum systems, the partnership aims to help build the technical capabilities and innovation networks needed to support Australia's long-term quantum ambitions. Through engagement with Quantinuum programs such as Q-Net and the Startup Partner Program, researchers, developers, and entrepreneurs will have opportunities to access training, collaborate with peers across the global quantum ecosystem, and accelerate the development of quantum-enabled solutions.

Working alongside UWA researchers and industry stakeholders, Quantinuum experts will help evaluate candidate use cases, establish technical benchmarks and assess hybrid workflows that integrate quantum computing, artificial intelligence, and high-performance computing.

Professor Jingbo Wang, founder and Director of UWA’s Research Centre for Quantum Information, Simulation and Algorithm (QUISA), said the partnership built on UWA’s strengths in quantum computing research.

“Through co-design with potential end users and quantum computing hardware providers, this initiative will create new opportunities for UWA researchers, students and industry partners, while strengthening interdisciplinary collaboration across the University. We look forward to exploring all the opportunities this will bring for our researchers as well as student pathways, internships and workforce training initiatives,” Professor Wang said.

“Access to leading quantum technologies helps Australian researchers, students and companies build capability and understand where quantum can deliver real value,” said Petra Andrén, CEO of Quantum Australia. “Collaborations like this create opportunities to develop skills, test applications and connect research with industry challenges. Australia has strengths across the quantum technology stack. Access to the best capabilities, both here and internationally, will help translate those strengths into economic and community benefit.”

The partnership reflects a shared commitment to ensuring Australia remains not only a source of quantum discovery, but a place where quantum technologies are put to work solving real-world challenges and creating economic value.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity. Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally. The company has a global workforce of approximately 800 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore. For more information, please visit www.quantinuum.com.

About UWA

For more than 110 years, The University of Western Australia has been a place where ambition meets action. As the state’s first and leading university, we inspire students, researchers and partners to create meaningful change and tackle the world’s most pressing challenges. Located on the banks of the Derbal Yerrigan (Swan River), our main campus stands on land where kaartdjin (knowledge) has been shared for tens of thousands of years. This enduring legacy of learning shapes our diverse global community of more than 28,000 students from 100 countries, connected to a powerful network of over 150,000 graduates making an impact worldwide. Ranked in the global top 100 (QS 2027) and a member of the prestigious Group of Eight, UWA is recognised for excellence in teaching, research and industry collaboration. From sustainability and health to technology and communities, our work drives real-world outcomes.

At UWA, impact starts here. For more information visit: uwa.edu.au

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including statements about the expected scope, activities and benefits of the collaboration between Quantinuum and The University of Western Australia; the potential establishment of a university-wide quantum computing applications centre; the development of quantum applications, hybrid quantum-AI-HPC workflows and quantum talent; and the potential impact of quantum computing on sectors including critical minerals, energy, agriculture and healthcare. Words such as "aim," "anticipate," "believe," "could," "expect," "explore," "intend," "may," "plan," "potential," "seek," "will," "would" and similar expressions identify forward-looking statements, although not all forward-looking statements contain these words.

Forward-looking statements are based on Quantinuum's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, among others: the Memorandum of Understanding is non-binding, and the parties may not enter into definitive agreements or carry out the activities described; the proposed applications centre may not be established; the collaboration may not produce commercially viable applications or the expected benefits; the pace of technical progress in quantum computing; Quantinuum's ability to maintain the availability and performance of its systems, including Helios; competition; the availability of funding, personnel and government support; and the other risks described under "Risk Factors" in Quantinuum's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 and its subsequent filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release. Quantinuum undertakes no obligation to update any forward-looking statement, except as required by law.

1 As of December 31, 2025.

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September 11, 2026
Quantinuum to Participate in the Piper Sandler 5th Annual Growth Frontiers Conference

BROOMFIELD, Colo., September 11, 2026 - Quantinuum Inc. (Nasdaq: QNT) (the “Company”), a leading quantum computing company, today announced that members of its management team will participate in the Piper Sandler 5th Annual Growth Frontiers Conference, taking place September 14–16, 2026, in Nashville, Tennessee.

Quantinuum will participate in a fireside chat and host one-on-one meetings with investors during the conference.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity. Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally.

The company has a global workforce of approximately 800 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

Contacts

Investor & Media Contact

Shub Mukherjee - Investor Contact - investors@quantinuum.com

Aaron Sorenson - Media Contact - press@quantinuum.com

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September 8, 2026
Quantinuum Finalizes $100 Million CHIPS R&D Award with U.S. Department of Commerce to Advance Trapped-Ion Quantum Computer Manufacturing in the US
  • The federal funding supports critical R&D and U.S. quantum semiconductor manufacturing capabilities needed to scale fault-tolerant trapped-ion quantum computing.
  • Company partnering with GlobalFoundries to fabricate next-gen ion traps and control electronics, and Monarch Quantum to develop and manufacture reliable lasers and optical components.

Washington, D.C. – September 8, 2026 – Quantinuum (Nasdaq: QNT), a leading quantum computing company, today announced it has finalized an agreement with the U.S. Department of Commerce’s CHIPS Research and Development Office for $100 million in federal funding deployed through the CHIPS and Science Act. The award, which follows a letter of intent announced in May, supports R&D and U.S. quantum semiconductor manufacturing capabilities needed to deploy large-scale, fault-tolerant trapped-ion quantum computers.

Quantinuum, which was the only company with a trapped-ion based architecture to be awarded CHIPS R&D funding, develops the world’s most accurate commercial1 computers with industry-leading error correction fidelity.2  The company leverages established semiconductor manufacturing processes to help ensure reliability, repeatability, and scalability of the company’s current and future quantum computers.

“This award is a validation of Quantinuum’s leadership in trapped-ion quantum computing," said Dr. Rajeeb Hazra, President and CEO of Quantinuum. “Together with our domestic partners, we are building the technology and supply-chain foundation needed to scale fault-tolerant systems and strengthen America's leadership in this strategically important field.”        

The award will support R&D that the company expects to help strengthen and diversify its supply chain, adding onshore partners GlobalFoundries and Monarch Quantum. GlobalFoundries will be one of several of Quantinuum’s foundries enlisted to fabricate its next-generation ion traps and other electronics, specifically focused on using 300mm wafer technology; Monarch Quantum plans to develop and manufacture scalable, reliable lasers and optical components required for Quantinuum’s trapped-ion systems.

“As quantum computing moves closer to commercial scale, manufacturing will be critical to unlocking its full potential,” said Tim Breen, CEO of GlobalFoundries. “GlobalFoundries is proud to partner with Quantinuum to help scale their trapped-ion technology. By bringing our expertise in high-volume, differentiated semiconductor manufacturing, we're helping create a path to more scalable, reliable quantum hardware and advancing the next generation of American innovation.”

“The road to large-scale, trapped-ion quantum computers relies on moving away from complex, sprawling optical setups to scalable, reliable integrated photonics engines," said Dr. Timothy Day, CEO of Monarch Quantum. "We are honored to expand our partnership with Quantinuum to advance their hardware roadmap and to help strengthen U.S. leadership in quantum computing manufacturing and supply chain resilience.”

Together, these efforts are intended to reduce system complexity and improve component robustness, reliability, and reproducibility, ultimately supporting the continued scaling of trapped-ion quantum computers, while strengthening domestic capability across critical photonics and semiconductor manufacturing.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.3  Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally. The company has a global workforce of over 800 employees, including top scientists and researchers. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore. For more information, please visit www.quantinuum.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on 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. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. For additional information on these and other risks that could affect Quantinuum’s forward-looking statements, see Quantinuum’s risk factors discussed in its filings with the U.S. Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the period ended June 30, 2026, as such risk factors may be updated from time to time. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

1 Based on physical two-qubit gate fidelity as of December 31, 2025, according to the 2025 Ransford et al. study.
2 As of February 25, 2026, according to the 2026 Dasu et al. study.
3 As of December 31, 2025.

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