For the First Time Ever, Quantinuum’s New H2 Quantum Computer Has Created Non-Abelian Topological Quantum Matter and Braided its Anyons
The controlled creation and manipulation of non-Abelian anyons leading to topological qubits represents a significant step towards universal fault-tolerant quantum computing
Broomfield, Colorado, May 9th, 2023 — Quantinuum is proud and excited to announce this significant step towards fault-tolerant quantum computing. This achievement has been uniquely enabled by the release of Quantinuum’s System Model H2 - the highest performing quantum computer ever built.
The official launch of Quantinuum’s H2 quantum processor, Powered by Honeywell, follows extensive pre-launch work with a variety of global partners and was essential to the controlled creation and manipulation of non-Abelian anyons. The precise control of non-Abelian anyons has been long held as the path to using topological qubits for a fault-tolerant quantum computer.
Tony Uttley, President and COO of Quantinuum, stated “With our second-generation system, we are entering a new phase of quantum computing. H2 highlights the opportunity to achieve valuable outcomes that are only possible with a quantum computer. The development of the H2 processor is also a critical step in moving towards universal fault-tolerant quantum computing.”
He added, “This demonstration is a beautiful proof point in the power of our H-Series hardware roadmap and reinforces our primary purpose which is to enable our customers to tackle problems that were previously beyond the reach of classical computers. The implications for society are significant and we are excited to see how this technology truly changes the world."
One of the first experiments conducted on H2 by scientists from Quantinuum, in collaboration with researchers from Harvard University and Caltech, demonstrated a new state of matter, a non-Abelian topologically ordered state. This is an area of expertise that has been pursued in “stealth mode” for some years within Quantinuum, with the core team based in Munich and led by Dr. Henrik Dreyer.
Due to the differentiating features and precision control of the H2 processor, the topological state (that is essentially a qubit with limited gate capacity) was created in a way where its properties could be precisely controlled in real-time, demonstrating the creation, braiding and annihilation (measurement) of non-Abelian anyons.
The results, which were published today in a pre-print of a detailed scientific paper that has been made available on Nature, details Quantinuum’s work. This work opens up exciting new fields of research within condensed matter physics, which would have been impossible using a classical computer alone. Together with other QEC codes (found here and here), we have demonstrated, this achievement shows that it is only a matter of time until the Quantinuum hardware demonstrates the best path to fault-tolerance.
“Fault-tolerant quantum computing is our ultimate aim. Our world leadership in quantum computing continues to be showcased and proven by real advances, and the creation and manipulation of non-Abelian anyons to create topological qubits is another example that when incredible tools are given to brilliant people, they will find something amazing to do with them,” said Ilyas Khan, Founder and Chief Product Officer at Quantinuum. “This could well be a transistor moment for the quantum computing industry – and the fact that we have used a quantum computer as the machine tool for building topological qubits that are a significant step towards fault-tolerant quantum computing is further testimony to our long-held belief that quantum systems are best explored and created by other quantum systems. This is precisely what Feynman anticipated in his now famous remarks that are so often quoted as foundations for quantum computing.”
He added, “We are looking forward to building on this critical breakthrough. These are exciting times ahead for the whole industry and we have some further milestones that we can’t wait to share with the world.”
Innovations in H2
The H2 features initially include 32 fully-connected, high-fidelity qubits and an all-new architecture that advances the System Model H1’s linear design (with a new ion trap whose oval shape resembles a “racetrack”). Quantinuum showcased the H2’s capability by demonstrating a 32-qubit GHZ state (a non-classical state with all 32 qubits globally entangled), the largest on record.
The unique “racetrack” design of the System Model H2 enables all-to-all connectivity between qubits, meaning that every qubit in the H2 can directly be pairwise entangled with any other qubit in the system. Near-term doing so reduces the overall errors in algorithms, and long term opens up additional opportunities for new, more efficient error correcting codes – both critical for continuing to accelerate the capabilities of quantum computing. When combined with the demonstration of controlled non-Abelian anyons, the integrated achievement highlights an important step in topological quantum information storage and processing.
Additionally, the new design is a powerful step towards showing the scaling potential of ion-trap devices. Not only is H2 a demonstration of the scaling power of ion traps in the quantum charge coupled device (QCCD) architecture: showing the ability to simultaneously scale qubit number while maintaining performance, it also contains new technologies that pave the way for further scaling in subsequent generations. Similar to the first-generation systems, H2 is designed to accommodate future upgrades over its product lifecycle, meaning that qubit number and qubit quality will both be improved upon.
Built on the proven foundations of Quantinuum’s H-Series, the System Model H2, includes numerous hallmark features that collectively set it apart from other types of quantum computers: all-to-all connectivity, qubit reuse, mid-circuit measurement with conditional logic, industry leading high-fidelity qubit operations, and long coherence times. Additionally, the impressive performance gains of the System Model H1 to achieve repeatedly increasing Quantum Volume (QV) records is expected to continue with H2. H2 launches with a Quantum Volume 65,536 surpassing the last record announced using H1-1 in February of this year.
Using the H2 Today
Besides the headline breakthrough, the H2 has already been active in experimental studies by a range of organizations and companies, with notable results:
- Global Technology Applied Research at JPMorgan Chase has published a scholarly paper on the quantum optimization algorithm design for portfolio optimization, with numerical results successfully validated on H2 during early access.
- Quantinuum’s machine learning team demonstrated a new heuristic optimization routine that can solve optimization problems with minimal quantum resources.
These recent studies are available in individual technical papers here. A separate published paper describing the H2 features, benchmarking, and comparisons to other hardware, along with details on world record entanglement, can be found here. All technical papers will be submitted to the scientific peer review process.
The H2 is available now through cloud-based access from Quantinuum and will be available through Microsoft Azure Quantum beginning in June. Additionally, a noise-informed emulator of H2 is made possible through NVIDIA’s cuQuantum SDK of optimized libraries and tools, which help accelerate quantum computing simulation workflows.
Dr. Rajeeb (Raj) Hazra, CEO of Quantinuum said, “For anyone who thought that quantum computers that are able to push forward the boundaries of human knowledge and scientific progress are still in the far distance, today marks a turning point. A world leading team of scientists have used Quantinuum’s H2 quantum computer to achieve something that was previously not possible.” He went on to comment, “The H2 provides a breakaway moment for Quantinuum. Our second-generation quantum computer powered by the H2 quantum processor and associated software, delivers the industry's best performance today, while laying the groundwork for significantly accelerating the path for fault-tolerant quantum computing.”
About Quantinuum
Quantinuum is the world’s largest standalone quantum computing company, formed by the combination of Honeywell Quantum Solutions’ world-leading hardware and Cambridge Quantum’s class-leading middleware and applications. Science-led and enterprise-driven, Quantinuum accelerates quantum computing and the development of applications across chemistry, cybersecurity, finance and optimization. Its focus is to create scalable and commercial quantum solutions to solve the world’s most pressing problems in fields such as energy, logistics, climate change, and health. The company employs over 480 individuals, including 350+ scientists and engineers, at eight sites across the United States, Europe, and Japan. For more information, please visit www.quantinuum.com.
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.
Broomfield, CO, June 5th, 2026 — Quantinuum Inc. (Nasdaq: QNT) (“Quantinuum”) today announced the closing of its upsized initial public offering of 28,000,000 shares of its Class A common stock at an initial public offering price of $60.00 per share. All of the shares were offered by Quantinuum. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses were $1.68 billion. Quantinuum’s Class A common stock is listed on the Nasdaq Global Market under the ticker symbol “QNT.”
J.P. Morgan and Morgan Stanley (in alphabetical order) acted as joint lead active book-running managers for the offering; Jefferies and Evercore ISI also acted as active book-running managers; BofA Securities, UBS Investment Bank, Cantor, Mizuho, Needham & Company, Societe Generale and TD Cowen acted as joint-book running managers; and Craig-Hallum and Rosenblatt acted as co-managers for the offering.
A registration statement relating to this offering was declared effective by the Securities and Exchange Commission (the “SEC”) on June 3, 2026. A prospectus relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. The offering is being made available only by means of a prospectus. Copies of the prospectus may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com; Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone at 888-474-0200 or by email at ecm.prospectus@evercore.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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 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 as of December 31, 2025. Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar and Singapore.
Quantinuum:
Quantinuum Investor Relations
investors@quantinuum.com
(855) 888-7686
Broomfield, CO, June 3rd, 2026 – Quantinuum Inc. (“Quantinuum”) today announced the pricing of the upsized initial public offering of 28,000,000 shares of its Class A common stock at a price to the public of $60.00 per share. Quantinuum has granted the underwriters a 30-day option to purchase up to an additional 4,200,000 shares of its Class A common stock to cover over-allotments at the initial public offering price, less underwriting discounts and commissions.
The shares of Class A common stock are expected to begin trading on the Nasdaq Global Market on June 4, 2026 under the ticker symbol “QNT.” The offering is expected to close on June 5, 2026, subject to customary closing conditions.
J.P. Morgan and Morgan Stanley (in alphabetical order) are acting as joint lead active book-running managers for the offering; Jefferies and Evercore ISI are also acting as active book-running managers; BofA Securities, UBS Investment Bank, Cantor, Mizuho, Needham & Company, Societe Generale and TD Cowen are acting as joint-book running managers; and Craig-Hallum and Rosenblatt are acting as co-managers for the offering.
A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on June 3, 2026. The offering is being made available only by means of a prospectus. Copies of the prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com; Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone at 888-474-0200 or by email at ecm.prospectus@evercore.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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 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 as of December 31, 2025. Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar and Singapore.
Quantinuum:
Quantinuum Investor Relations
investors@quantinuum.com
(855) 888-7686
June 2nd, 2026, Tokyo, Japan — Quantinuum, a leading quantum computing company, announced today that it has signed a non-binding Memorandum of Understanding (MOU) with Mitsubishi Electric Corporation, a recognized global leader in the manufacturing, marketing, and sale of electrical and electronic equipment and systems, to establish a framework for a strategic partnership aiming at accelerating the development of quantum computing applications for advanced industrial engineering and design.
The agreement creates a foundation for the companies to jointly identify high-impact industrial use cases and explore quantum and hybrid quantum-classical approaches for next-generation engineering workflows. Expected initial areas of focus include computer-aided engineering (CAE), such as computational fluid dynamics (CFD), and broader simulation and design applications utilizing logical qubit operations on Quantinuum’s quantum platform.
“We are pleased to begin this collaboration with Mitsubishi Electric as we work toward meaningful quantum utility to industrial engineering,” said Dr. Rajeeb Hazra, President and CEO of Quantinuum. “By combining Quantinuum’s leading quantum computing capabilities with Mitsubishi Electric’s deep engineering expertise, we aim to address some of the world’s most complex design and simulation challenges.”
Under the envisaged partnership, Quantinuum would provide Mitsubishi Electric with access to its high-fidelity trapped-ion quantum systems and expert consultation on quantum algorithm development. Mitsubishi Electric would contribute domain expertise in electromagnetic field analysis, structural analysis, and thermal fluid simulation across a wide range of industrial applications such as factory automation, energy and public utilities, air conditioning, and building systems.
“We are delighted to initiate discussions with Quantinuum to advance a strategic quantum computing partnership under this MOU,” said Mikio Takabayashi, Senior General Manager, Information Technology R&D Center of Mitsubishi Electric. “By integrating manufacturing expertise with digital insights, we aim to evaluate the feasibility and potential applications of quantum technologies in industrial engineering, while generating new ideas and exploring use cases that have the potential to contribute to society and the environment.”
The MOU reflects a shared recognition that near-term engagement with quantum computing may create long-term strategic advantages as the technology continues its advance toward commercial adoption. The companies believe that organizations that act early will be better positioned to help shape use cases, build proprietary expertise and secure intellectual property rights, and help secure access to emerging quantum infrastructure and amid growing demand.
Through the MOU, the companies will evaluate opportunities for future collaboration that have the potential to accelerate technological innovation and create sustained value for global industry.
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 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.[1] Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets.
The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team hold 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 Mitsubishi Electric Corporation
Guided by its corporate philosophy, Mitsubishi Electric Corporation (TOKYO: 6503) places sustainability at the core of its operations and values stakeholder trust—encompassing society, customers, shareholders and employees. In pursuing profitability, capital efficiency and growth, Mitsubishi Electric works closely alongside customers to develop value-added solutions that address today’s complex challenges while enhancing the company’s sustainable corporate value. Founded in 1921, Mitsubishi Electric has over a century of experience in delivering reliable, high-quality products and solutions. With over 200 group companies and approximately 150,000 employees worldwide, the company is a recognized global leader in manufacturing, marketing and selling electrical and electronic equipment and systems across a broad range of sectors, including public utility systems, energy systems, defense and space systems, factory automation systems, automotive equipment, building systems, air conditioning systems & home products, digital innovations, and semiconductor & devices. Mitsubishi Electric recorded consolidated revenue of 5,894.7 billion yen (U.S.$ 36.8 billion*) in the fiscal year that ended on March 31, 2026. For more information, please visit www.MitsubishiElectric.com
*JPY 160=USD 1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2026
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. 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] As of December 31, 2025.