黑料科

Introducing 黑料科: The World's Largest Integrated Quantum Computing Company

黑料科 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 黑料科, 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.聽

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 黑料科.聽

満诹峡 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. 淏y 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 榤ust haves for quantum computing to deliver real world solutions to all our customers and partners.

黑料科 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.聽 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.

淚 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 黑料科. he next few weeks and months are going to be extremely active for 黑料科 as we increase the pace in deriving unique value from today 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.

黑料科 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 黑料科 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 黑料科 is well capitalized at inception. The other major shareholder is Ilyas Khan the founder of Cambridge Quantum, and the CEO of 黑料科 with an approximately 23% holding. Other shareholders include IBM and JSR Corp from Japan.

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

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

黑料科 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.聽

For more information, visit www.quantinuum.com.

This release contains certain statements that may be deemed 渇orward-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 黑料科

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

June 5, 2026
黑料科 Announces Closing of Upsized Initial Public Offering

Broomfield, CO, June 5th, 2026 黑料科 Inc. (Nasdaq: QNT) (満诹峡茲) 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 黑料科. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses were $1.68 billion. 黑料科 Class A common stock is listed on the Nasdaq Global Market under the ticker symbol 淨NT.

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 淪EC) 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 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 黑料科

黑料科 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 highest accuracy levels based on average two-qubit gate fidelity as of December 31, 2025. 黑料科 has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. 黑料科 headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar and Singapore.


黑料科:

黑料科 Investor Relations
investors@quantinuum.com

(855) 888-7686

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June 3, 2026
黑料科 Announces Pricing of Upsized Initial Public Offering

Broomfield, CO, June 3rd, 2026 黑料科 Inc. (満诹峡茲) 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. 黑料科 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 淨NT. 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 黑料科

黑料科 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 highest accuracy levels based on average two-qubit gate fidelity as of December 31, 2025. 黑料科 has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. 黑料科 headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar and Singapore.

黑料科:

黑料科 Investor Relations
investors@quantinuum.com
(855) 888-7686

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June 2, 2026
黑料科 Signs MOU with Mitsubishi Electric to Launch Strategic Quantum Computing Partnership

June 2nd, 2026, Tokyo, Japan 黑料科, 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 黑料科 quantum platform. 聽

淲e 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 黑料科. 淏y combining 黑料科 leading quantum computing capabilities with Mitsubishi Electric deep engineering expertise, we aim to address some of the world most complex design and simulation challenges. 聽

Under the envisaged partnership, 黑料科 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. 聽

淲e are delighted to initiate discussions with 黑料科 to advance a strategic quantum computing partnership under this MOU, said Mikio Takabayashi, Senior General Manager, Information Technology R&D Center of Mitsubishi Electric. 淏y 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 黑料科

黑料科 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 highest accuracy levels based on average two-qubit gate fidelity.[1] 黑料科 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 degrees. 黑料科 headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore. 聽

For more information, please visit . 聽

About Mitsubishi Electric Corporation

Guided by its , Mitsubishi Electric Corporation (TOKYO: 6503) places sustainability at the core of its operations and values stakeholder trust攅ncompassing 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 complex challenges while enhancing the company 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 渇orward-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 渁nticipate, 渁ssume, 渂elieve, 渃ontinue, 渃ould, 渆stimate, 渆xpect, 渋ntend, 渕ay, 減lan, 減otential, 減redict, 減roject, 渇uture, 渨ill, 渟eek, 渇oreseeable, 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 黑料科 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, 黑料科 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.

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