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Broomfield, CO, May 20^th, 2026 — �ԹϺ�����, 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 �ԹϺ����� 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 �ԹϺ�����. “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 �ԹϺ�����

�ԹϺ����� 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 �ԹϺ����� 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. �ԹϺ�����’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 �ԹϺ����� 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, �ԹϺ����� 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.

Broomfield, CO, May 19^th, 2026 — �ԹϺ�����, a leading quantum computing company, today announced a strategic collaboration with Synopsys, a global leader in electronic design automation and engineering simulation, focused on the integration of quantum computing into the modern engineering toolkit to help overcome the “computational wall” believed to be limiting the pace of industrial innovation.

The Challenge: Designing for Accuracy in the Physical World

Modern industrial design depends on high-fidelity simulation to make better decisions earlier — potentially reducing costly prototypes, shortening development cycles, and improving product performance. Across aerospace and advanced electronics, teams rely on computational fluid dynamics (CFD) and electromagnetic simulation to predict real-world behavior before build and test.

However, as products become more complex, simulation workloads scale dramatically and can require computational resources that exceed the capabilities of even the most advanced classical supercomputers. As a result, engineers must increasingly balance simulation accuracy against runtime, cost and development speed. The collaboration between �ԹϺ����� and Synopsys seeks to overcome these limitations by integrating quantum computing capabilities directly into advanced engineering workflows.

“Our goal is to turn quantum computing into a practical business advantage for the world’s most innovative companies,” said Dr. Rajeeb Hazra, President and CEO of �ԹϺ�����. “By improving how these core design equations are solved, we aim to help innovators explore more accurate models and accelerate breakthroughs in materials and next-generation technologies.”

Transforming Industrial Design with Quantum Computing

The companies aim to build a scalable, end-to-end workflow that integrates quantum algorithms directly into existing industrial software and libraries. By combining the industry-leading accuracy of �ԹϺ�����’s systems with Synopsys’ deep expertise in engineering simulation and design tools, the partnership aims to make quantum computing a functional part of the modern engineering toolkit.

“This partnership is about giving innovators the tools they need to solve the world’s most difficult design challenges,” said Prith Banerjee, Senior Vice President of Innovation at Synopsys. “By integrating quantum computing into today's engineering workflows, we believe we can accelerate innovation while maintaining the standards and reliability that customers trust.”

The collaboration focuses on three key goals aimed at driving value for the engineering sector:

• ‍Higher Accuracy for the Physical World: Enabling engineers to model critical physical details that were previously too costly for classical supercomputers to capture accurately. ‍
• Faster and More Cost-Effective Simulations: Accelerating simulation timelines to help companies move from concept to prototype faster while significantly reducing R&D costs‍
• Greater Augmentation and Scale for Existing Workflows: Ensuring new quantum-native solvers maintain the rigorous validation standards and modeling intuition that industrial users demand.  

By building on established CFD and electromagnetic capabilities, this effort aims to allow that as quantum computers scale, industrial engineers can explore future computational advantages without having to reinvent their design process. This approach builds on decades of validated engineering expertise while opening a new potential path alongside the new frontier for computing.  

About �ԹϺ�����

�ԹϺ����� 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. �ԹϺ����� 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 and Master’s degrees. �ԹϺ�����’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 .  

Based on average two-qubit gate fidelity of 99.921% as of December 31, 2025.

Based on average two-qubit gate fidelity of 99.921% as of December 31, 2025.

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Charlotte, N.C., May 8^th, 2026 — Honeywell (NASDAQ: ) today announced that �ԹϺ�����, a leading, full-stack quantum computing company, has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its Class A common stock.

The number of shares to be offered and the price range for the proposed offering have not yet been determined. �ԹϺ����� intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “QNT.”

J.P. Morgan and Morgan Stanley (in alphabetical order) are acting as joint lead active book-running managers for the proposed offering. Jefferies and Evercore ISI are also acting as active book-running managers.

The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

The proposed offering will be made available only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 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, NY 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, NY 10055, by telephone at 888-474-0200 or by email at ecm.prospectus@evercore.com.

The registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall 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. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

About Honeywell

Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter, safer, as well as more secure and sustainable. For more news and information on Honeywell, please visit .

About �ԹϺ�����

�ԹϺ����� 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. �ԹϺ����� has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. �ԹϺ�����’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, and Singapore.

Contacts:

Media ‍
Stacey Jones
(980) 378-6258
Stacey.Jones@honeywell.com

Investor Relations
Mark Macaluso
(704) 627-6118
Mark.Macaluso@honeywell.com