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June 2^nd, 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.

• Letter of intent from the U.S. Department of Commerce proposes to provide R&D funding for Quantinuum to address specific technology bottlenecks in the development of fault-tolerant trapped-ion quantum computers
• Quantinuum expected to partner with leading onshore semiconductor manufacturing and photonics technology suppliers to strengthen U.S. semiconductor supply chain and manufacturing capabilities  

WASHINGTON, D.C. — Quantinuum, a leading quantum computing company, today announced a letter of intent with the U.S. Department of Commerce’s CHIPS Research and Development Office. The letter of intent proposes that Quantinuum would receive federal funding to enable the development of large-scale, fault-tolerant trapped-ion quantum computers that are of national strategic importance.

“With today’s CHIPS Research and Development investments in quantum computing, the Trump administration is leading the world into a new era of American innovation,” said Secretary of Commerce Howard Lutnick. “These strategic quantum technology investments will build on our domestic industry, creating thousands of high-paying American jobs while advancing American quantum capabilities.”

Key to this initiative is overcoming specific technical bottlenecks and strengthening domestic supply chains and manufacturing capabilities, consistent with the U.S. government’s goal of growing its leadership in semiconductor technology and accelerating the commercialization of frontier industries, such as artificial intelligence and quantum computing.

“Quantum computing has the potential to unlock new possibilities across science, industry, and national priorities for decades to come,” said Dr. Rajeeb Hazra, President and CEO of Quantinuum. “This collaboration with the Department of Commerce is designed to help Quantinuum’s path to large-scale, fault-tolerant trapped-ion systems while strengthening the U.S. innovation and manufacturing ecosystem.”  

The letter of intent supports Quantinuum’s plan to partner with the CHIPS R&D Office and onshore suppliers GlobalFoundries, for critical semiconductor components, and Monarch Quantum, for integrated photonics, to further optimize key engineering pathways for components within Quantinuum’s future commercial roadmap.

“GlobalFoundries is excited to partner with Quantinuum on their ion-trap quantum technology,” said Tim Breen, CEO of GlobalFoundries. “We believe GF’s differentiated semiconductor platforms in cryo-CMOS, cryo-3D interconnect, and advanced packaging, combined with Quantinuum's deep ion-trap expertise, will help Quantinuum accelerate their quantum system scale-up roadmap to utility-scale quantum computing.”

“Monarch Quantum is proud to partner with Quantinuum to advance U.S. leadership in next-generation computing infrastructure,” said Dr. Timothy Day, Chairman & CEO of Monarch Quantum. “By delivering advanced integrated photonics through a resilient domestic supply chain, we are committed to supporting the secure, scalable manufacturing required for fault-tolerant quantum systems.”

In addition to strengthening domestic semiconductor manufacturing and supply chain resilience, this initiative is expected to support development of a specialized workforce for next-generation quantum computing technologies.

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.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 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.

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.

¹As of December 31, 2025.

‍

Broomfield, CO, May 20^th, 2026 — Quantinuum, a leading quantum computing company, today announced the launch of a new quantum project in collaboration with bp, the global integrated energy company, aimed at modernizing how the energy sector maps the Earth’s subsurface to locate oil and gas resources.

Few tasks in today’s oil and gas sector demand as much raw computational power as seismic imaging. Building on a successful pilot that demonstrated feasibility, bp and Quantinuum are now scaling their approach to simulate more complex subsurface properties.

“This has the potential to be a very important industrial use case for quantum computing,” said Dr. Rajeeb Hazra, President and CEO of Quantinuum. “By enabling higher-fidelity data at a lower computational cost than classical computing, we can potentially provide a more efficient path for energy exploration.”

On classical computers, computational requirements, such as memory, scale with spatial resolution, so doubling the resolution of a seismic image can require up to double the computational resources. By contrast, in an ideal scenario, a quantum computer could theoretically achieve the same resolution gains with the addition of a single qubit,¹ potentially compressing simulation timelines while also reducing energy consumption.

Hybrid quantum-classical approaches have the potential to further optimize performance, with quantum processors tackling the most demanding calculations while classical systems manage data logic, allowing results to remain grounded in real-world physics.

If successful, this project could demonstrate that quantum computing can help solve real-world bottlenecks in global infrastructure and resource management.

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.² 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 and 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.

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 Adding one qubit doubles the dimensionality of the quantum state space, as referenced in "Quantum Computation and Quantum Information" by Isaac L. Chuang and Michael A. Nielsen, Cambridge University Press, 2nd Edition (2010)

² As of December 31, 2025.