Quantinuum announces a new investment from IBM and expands its capabilities with IBM Quantum systems to jointly expand the quantum ecosystem
Quantinuum joins the IBM Quantum Ecosystem to advance quantum computing applications
CAMBRIDGE, England and BROOMFIELD, Colo., Feb. 23, 2022 /PRNewswire/ — Quantinuum today announced an agreement with IBM to expand the IBM Quantum Hub with Cambridge Quantum Computing Limited. This will give customers greater access to IBM's quantum computing systems, including the recently announced 127-qubit Eagle processor, as well as IBM's quantum expertise and Qiskit to power and develop the quantum ecosystem. IBM's investment in Quantinuum was funded by IBM Ventures conveyed.
“We are excited to expand access to IBM Quantum hardware and Qiskit, and to offer our customers solutions designed for cutting-edge quantum computing hardware. We continue to deploy a wide range of quantum processors, including IBM, as the company is a leader in superconducting quantum computers, which are critical to the growth of quantum computing capabilities," said Ilyas Khan, CEO of Quantinuum. "IBM has evolved significantly committed to creating a growing quantum ecosystem and was an early investor in Cambridge Quantum and now Quantinuum. We look forward to opening a wide range of opportunities to further advance the applications of quantum computing in industry."
Quantinuum is the result of the merger of two leaders in the global quantum computing ecosystem: Honeywell Quantum Solutions and Cambridge Quantum. This new investment and commercial collaboration is an example of how Quantinuum aims to drive the development of quantum computing and the innovation of quantum technologies to deliver true quantum-enabled Finding solutions to some of the toughest problems that traditional computers have never been able to solve.
Visit www.quantinuum.com for more information.
This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Any statements, other than statements of historical fact, relating to activities, events or developments that we or our that management intends, expects, projects, believes or predicts that they will or may occur in the future are forward-looking statements.Such statements are based on certain assumptions and estimates made by our management based on their experience and perception of historical trends, current economic and industry-specific conditions, anticipated future developments and other factors it deems appropriate.The forward-looking statements contained in this release are also subject to a number of material risks and uncertainties, including but not limited to a On economic, competitive, regulatory 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 contemplated by such forward-looking statements. The Honeywell trademark is used under license from Honeywell International Inc. Honeywell makes no representations or warranties regarding this service.
