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SoftBank Corp. and ԹϺ Announce Groundbreaking Partnership Toward Practical Application of Quantum Computing

Partnership to drive commercial value through practical go-to-market use cases and develop business model for a quantum data center

January 28, 2025

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Tokyo, Japan and Broomfield, Colorado, January 29th, 2025 — SoftBank Corp. ("SoftBank") and ԹϺ ("ԹϺ") announced they agreed to a wide-ranging partnership in quantum computing.

By combining their respective strengths, both companies will unlock innovative quantum computing solutions that will overcome the limitations of classical artificial intelligence (AI) and realize next-generation technologies.

This unique initiative coincides with the International Year of Quantum Science and Technology (IYQ) in 2025, and it is expected to ignite new business opportunities through the dynamic fusion of AI and quantum computing.

The Necessity of Quantum Computing Beyond the Limits of AI

In this modern era, AI is delivering impressive results across various domains. However, it is widely recognized that there are still significant challenges that AI alone is struggling to overcome. Complex optimization problems, deciphering causal relationship analysis, and conducting high-precision simulations based on fundamental equations remain formidable obstacles for current AI technologies.

Moreover, the hybrid approach that combines Central Processing Units (CPUs), Graphics Processing Units (GPUs), and Quantum Processing Units (QPUs) holds the potential to further extend the capabilities of AI. By leveraging the unique strengths of each type of processing unit, hybrid systems can execute more advanced and diverse computations, providing innovative solutions that surpass traditional limitations.

SoftBank and ԹϺ believe in the power of quantum computing and are committed to exploring its transformative potential.

Current State and Challenges of Quantum Computing

Despite impressive growth in the quantum computing sector, several technical and business challenges need to be addressed to advance the state-of-the-art so that quantum computers are used to solve practical problems.

(1) Building a Business Model

  • Initial Investment and Operational Costs: The substantial initial investment and operational costs required for the development and deployment of quantum computers lack concrete cost recovery strategies, which in turn suppresses the drive for companies to develop and adopt the technology.
  • Clarification of Revenue Models: The business models for generating revenue, including the methods of offering quantum computers and setting usage fees, have not yet been fully realized.

(2) Establishing Specific Use Cases

  • Discovering Use Cases: There is a shortage of use cases that clearly demonstrate which fields quantum computers will be useful in. Understanding the market size and revenue models through clear examples, especially in areas such as quantum chemical calculations and machine learning, is necessary.
  • Understanding the Market and Revenue Predictions: It is crucial to specifically identify the areas where computations can only be performed by quantum computers and are commercially viable, as well as to predict the timing and scale of these applications.

(3) Advancing Hardware and Software Technologies

  • Limitations and Challenges of Hardware: The current hardware performance (number of qubits and operation precision) of quantum computers is inadequate for handling practical problems, and significant enhancements in performance are needed for practical use.
  • Software Development and Error Mitigation: The development of hybrid algorithms that combine traditional methods, as well as advancements in error suppression, mitigation, and correction technologies, are essential to enable practical computations. Furthermore, developing technologies that mutually complement hardware and software are also indispensable.
  • Timing for Service Provision: Making decisions based on a deep understanding of technology to provide services at the optimal timing requires assessing the speed of technological advancements and market needs.
Key Activities

SoftBank and ԹϺ are committed to addressing these challenges together to advance the practical application of quantum computers.

(1) Joint Market Research & Business Model Development for Quantum Data Center

  • With a view toward the realization of a "quantum data center" capable of performing advanced calculation processing by combining CPUs, GPUs and quantum computers (QPUs), both companies will use the Japanese market as a foothold to conduct global market research in the Asia-Pacific region and other regions, and explore specific business models based on that research.
  • Both companies will jointly consider methods to reduce investment risks, such as revenue sharing and cost sharing.

(2) Construction of Quantum Use-Case Timelines and Validation

  • SoftBank will provide its own business challenges as use cases.
  • Both companies will clarify use cases in quantum chemistry and network analysis, and construct a timeline showing when these use cases will be realized. In quantum chemistry, the search for new optical switch materials for All Optical Networks is anticipated, while in network analysis, the application to anomaly detection and fraud detection in SoftBank's communication network is envisioned.
  • Both companies will develop software technology that makes effective use of limited hardware resources, and explore methods for linking CPUs, GPUs, and QPUs.
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Comments from each company

Ryuji Wakikawa, Head of Research Institute of Advanced Technology, SoftBank Corp., commented: “SoftBank believes in the potential of quantum computers and has been testing and evaluating various internal issues using quantum computers, and has started to obtain certain results. However, as a telecommunications operator, there are still many challenges remaining regarding how to provide quantum computing services in Japan. Through our collaboration with ԹϺ, which possesses the world's highest-performance quantum computer hardware, we aim to be the first in the world to identify problems that can only be solved by quantum computers and look forward to significantly accelerating the practical application of quantum computing.”

Dr. Rajeeb Hazra, President and CEO of ԹϺ, commented: "Our partnership with SoftBank represents a pivotal moment in the evolution of quantum computing. By combining our strengths, we are poised to unlock innovative solutions that will not only enhance the capabilities of AI but also tackle challenges that have long been beyond reach. Together, we are laying the groundwork for a future where quantum technologies drive transformative advancements across multiple industries."

By integrating quantum computing with AI, this initiative is expected to contribute to problem-solving in diverse fields such as healthcare, finance, logistics, and energy. This collaboration not only addresses unsolved challenges but also creates new market opportunities and fosters technological innovation across society.

About SoftBank Corp.

Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is expanding into non-telecom fields in line with its “Beyond Carrier” growth strategy while further growing its telecom business by harnessing the power of 5G/6G, IoT, Digital Twin and Non-Terrestrial Network (NTN) solutions, including High Altitude Platform Station (HAPS)-based stratospheric telecommunications. While constructing AI data centers and developing homegrown LLMs specialized for the Japanese language with one trillion parameters, SoftBank is applying AI to enhance radio access network performance (AI-RAN) with the aim of becoming a provider of next-generation social infrastructure.

To learn more, please visit .

About ԹϺ

ԹϺ, the world’s largest integrated quantum computing company, pioneers powerful quantum computers and advanced software solutions. ԹϺ’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With around 600 employees, including 370+ scientists and engineers, ԹϺ leads the quantum computing revolution across continents.

For more information, please visit the website at .

  • SoftBank, the SoftBank name and logo are registered trademarks or trademarks of SoftBank Group Corp. in Japan and other countries.
  • Other company, product and service names in this press release are registered trademarks or trademarks of the respective companies.
About ԹϺ

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

June 21, 2026
ԹϺ Announces Strategic Collaboration with HPE on Quantum-HPC Integration for Enterprise
  • Strategic collaboration aims to establish framework for combining quantum computing with HPC and AI environments
  • The collaboration will engage enterprise customers seeking hybrid quantum-classical solutions across high-value scientific and industrial use cases

Broomfield, CO and Houston, TX, June 22nd, 2026 — ԹϺ (NASDAQ:QNT), a leading quantum computing company, today announced a strategic collaboration with HPE focused on integrating quantum computing with high-performance computing (HPC) and AI infrastructure.

“We envision a future where quantum computers work seamlessly with classical computers to unlock scientific discovery and practical, real-world value for industries,” said Dr. Rajeeb Hazra, President and CEO of ԹϺ. “As a leader in trapped-ion quantum computing, we look forward to integrating our high-fidelity systems with leading classical architectures. This collaboration with HPE represents an important step in our broader ecosystem approach to delivering practical, hybrid solutions to our enterprise, public sector, and research customers.”

The strategic collaboration is intended to develop quantum computing technologies that become a practical extension of a customer’s HPC and AI strategy. Together, the companies will explore hybrid reference architectures, validate application workflows, and engage with select customers on approaches that combine quantum technology with large-scale classical environments.

“Accelerating scientific and industrial discovery requires a deeply integrated, hybrid approach that brings together the best of classical supercomputing, AI, and quantum technology,” said Masoud Mohseni, Director of HPE Quantum and Senior Distinguished Technologist at HPE Labs. “Through this collaboration with ԹϺ we will be integrating our systems  toward a scalable infrastructure for classical-quantum applications.”

Under the collaboration, ԹϺ will provide access to quantum systems, technical expertise, and its developer environment, while HPE will contribute high performance computing systems and large-scale deployment capabilities and expertise. Together, the companies plan to collaborate on technical integration, interoperability, benchmarking, proposal development, and customer engagement.

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.1  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 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
As of December 31, 2025.

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June 5, 2026
ԹϺ Announces Closing of Upsized Initial Public Offering

Broomfield, CO, June 5th, 2026 — ԹϺ Inc. (Nasdaq: QNT) (“ԹϺ”) 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 ԹϺ. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses were $1.68 billion. ԹϺ’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 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, Qatar and Singapore.


ԹϺ:

ԹϺ Investor Relations
investors@quantinuum.com

(855) 888-7686

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June 3, 2026
ԹϺ Announces Pricing of Upsized Initial Public Offering

Broomfield, CO, June 3rd, 2026 – ԹϺ Inc. (“ԹϺ”) 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. ԹϺ 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 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, Qatar and Singapore.

ԹϺ:

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

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