Quantinuum and IBM Commit Investments to Jointly Grow the Quantum Ecosystem

February 22, 2022

Investor Relations

Waseem Shiraz

+44 20 3920 9616

Waseem.Shiraz@quantinuum.com

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, UK and BROOMFIELD, CO. USA, February 22, 2022 – 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.

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.

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Kaniah Konkoly-Thege

Kaniah is Chief Legal Counsel and SVP of Government Relations for Quantinuum. In her previous role, she served as General Counsel, Honeywell Quantum Solutions. Prior to Honeywell, she was General Counsel, Honeywell Federal Manufacturing and Technologies, LLC, and Senior Attorney, U.S. Department of Energy. She was Lead Counsel before the Civilian Board of Contract Appeals, the Merit Systems Protection Board, and the Equal Employment Opportunity Commission. Kaniah holds a J.D. from American University, Washington College of Law and B.A., International Relations and Spanish from the College of William and Mary.

Jeff Miller

Jeff Miller is Chief Information Officer for Quantinuum. In his previous role, he served as CIO for Honeywell Quantum Solutions and led a cross-functional team responsible for Information Technology, Cybersecurity, and Physical Security. For Honeywell, Jeff has held numerous management and executive roles in Information Technology, Security, Integrated Supply Chain and Program Management. Jeff holds a B.S., Computer Science, University of Arizona. He is a veteran of the U.S. Navy, attaining the rank of Commander.

Matthew Bohne

Matthew Bohne is the Vice President & Chief Product Security Officer for Honeywell Corporation. He is a passionate cybersecurity leader and executive with a proven track record of building and leading cybersecurity organizations securing energy, industrial, buildings, nuclear, pharmaceutical, and consumer sectors. He is a sought-after expert with deep experience in DevSecOps, critical infrastructure, software engineering, secure SDLC, supply chain security, privacy, and risk management.

Todd Moore

Todd Moore is the Global Vice President of Data Encryption Products at Thales. He is responsible for setting the business line and go to market strategies for an industry leading cybersecurity business. He routinely helps enterprises build solutions for a wide range of complex data security problems and use cases. Todd holds several management and technical degrees from the University of Virginia, Rochester Institute of Technology, Cornell University and Ithaca College. He is active in his community, loves to travel and spends much of his free time supporting his family in pursuing their various passions.

John Davis

Retired U.S. Army Major General John Davis is the Vice President, Public Sector for Palo Alto Networks, where he is responsible for expanding cybersecurity initiatives and global policy for the international public sector and assisting governments around the world to prevent successful cyber breaches. Prior to joining Palo Alto Networks, John served as the Senior Military Advisor for Cyber to the Under Secretary of Defense for Policy and served as the Acting Deputy Assistant Secretary of Defense for Cyber Policy.  Prior to this assignment, he served in multiple leadership positions in special operations, cyber, and information operations.