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Honeywell Quantum Solutions And Cambridge Quantum Complete Business Combination To Form World's Largest, Most Advanced Standalone Quantum Company
The new company, named Quantinuum, offers the world's highest-performing quantum computing systems and most comprehensive quantum software CHARLOTTE, N.C.,
About this update from Honeywell International Inc.
[{"type":"text","content":"The new company, named Quantinuum, offers the world's highest-performing quantum computing systems and most comprehensive quantum software\n\n\nCHARLOTTE, N.C., Nov. 30, 2021 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today that Honeywell Quantum Solutions (HQS) and Cambridge Quantum (CQ), two global leaders in quantum computing and technology, received regulatory approval and completed the previously announced business combination. \n\n \n \n \n \n \n \n\n \nThe new company, named Quantinuum, is now the largest and most advanced full-stack quantum computing company. Through its impressive scale and proven technology leadership in quantum hardware, software and research and development, Quantinuum will shape the future of what is projected to become a $1 trillion industry over the coming decades. \n\"The formation of Quantinuum marks an important milestone for the quantum computing industry,\" said Darius Adamczyk, chairman and chief executive officer of Honeywell, and chairman of Quantinuum. \"Quantinuum customers will now have access to the world's first quantum operating system, applications, and hardware-agnostic software, all of which will be used to address extremely challenging business needs with which conventional computing systems struggle. The combination of the quantum industry's top talent, growing customer base, and most comprehensive technology will position Quantinuum extremely well for future growth.\"\nQuantinuum's products and solutions support cyber security and encryption, drug discovery and delivery, material science, finance, natural language processing and optimization across major industrial markets. These products are delivered in an integrated manner and are compatible with a variety of quantum hardware processors, including the system Model H1, powered by Honeywell, and also IBM's suite of quantum computers.\n\"The pace and scope of engineering advances, innovations in algorithm discovery, and the development of early-stage quantum software has picked up markedly in the past 12 months and is now ahead of most projections,\" said Ilyas Khan, chief executive officer of Quantinuum. \"Quantinuum is an accelerator for the quantum computing ecosystem as a whole, and I am thrilled and honored to be able to lead the new company as we enter a critical phase in the birth of the quantum computing sector.\...