TORONTO, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Xanadu (Xanadu Quantum Technologies Inc.), a world leader in photonic quantum computing, today announced the publication of a quantum algorithm that significantly reduces the resource requirements to simulate photochemical reactions on a fault-tolerant quantum computer. Published as a pre-print research paper, "Efficient Simulation of Pre-Born-Oppenheimer Dynamics on a Quantum Computer," this work provides a scalable path for investigating phenomena that are import ...

Public filing of Form F-4 represents important milestone in transaction towards Xanadu becoming first and only publicly traded pure-play photonic quantum computing company.The proposed transaction, which is expected to close in the first quarter of 2026, supports Xanadu’s photonic quantum computing approach, its leading PennyLane software platform, and its efforts towards building a commercially viable fault-tolerant quantum computer. TORONTO, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies In ...

Companies to develop customized solutions addressing optical loss and large-volume manufacturability of key components in photonic quantum computingTORONTO and NEWTON, N.J., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, and Thorlabs, a globally-renowned designer and manufacturer of photonics equipment, have partnered to develop customized optical fiber components essential for realizing large-scale photonic quantum computing. The ...

Core Insights - Xanadu Quantum Technologies Inc. has appointed Michael Trzupek as Chief Financial Officer and Natalie Wilmore as Chief Legal Officer to enhance its leadership team as it aims to build accessible quantum computers [1][2][3] Leadership Appointments - Michael Trzupek brings extensive experience in financial and operational roles from companies like Intel, Microsoft, and Core Scientific, focusing on scaling organizations and strengthening balance sheets [2][3] - Natalie Wilmore has a background in legal matters for high-growth public companies, previously serving at Pagaya Technologies, and specializes in corporate governance, securities laws, and M&A [3][4] Business Combination - Xanadu has announced a business combination with Crane Harbor Acquisition Corp., which is expected to result in approximately US$500 million in gross proceeds, including US$225 million from Crane Harbor's trust account and US$275 million from strategic investors [4] - The combined entity, Xanadu Quantum Technologies Limited, is anticipated to be listed on the Nasdaq Stock Market and the Toronto Stock Exchange [4] Company Overview - Founded in 2016, Xanadu is a Canadian quantum computing company focused on creating quantum computers that are useful and accessible to a broad audience [6]

Core Insights - Xanadu Quantum Technologies Inc. has developed a novel quantum computational framework aimed at accelerating the discovery of next-generation photosensitizers for photodynamic cancer therapy, showcasing the potential of fault-tolerant quantum computers in enhancing cancer treatment research [1][5]. Company Overview - Xanadu is a Canadian quantum computing company founded in 2016, recognized as a leader in quantum hardware and software development, and is also known for its open-source software library, PennyLane [7]. Research and Development - The new research by Xanadu demonstrates that quantum simulation algorithms can effectively simulate complex properties of photosensitizers, which are crucial for improving photodynamic cancer therapy [2][4]. - The study highlights the challenges faced in the current development of photosensitizers due to high costs and lengthy experimental processes, positioning quantum computing as a viable solution for modeling key physical properties [3][4]. Business Combination - Xanadu has announced a business combination agreement with Crane Harbor Acquisition Corp., which is expected to result in approximately US$500 million in gross proceeds, including US$225 million from Crane Harbor's trust account and US$275 million from strategic and institutional investors [6]. - The combined entity, Xanadu Quantum Technologies Limited, is anticipated to be listed on the Nasdaq Stock Market and the Toronto Stock Exchange [6]. Future Directions - The research serves as a foundational step towards a quantum-based workflow for drug design, with plans to extend the framework to model more complex photosensitizer molecules, indicating a promising future for quantum computing in drug development and cancer treatment [5].

Federal program supports development of fault-tolerant quantum computing in CanadaTORONTO, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, today announced that it has been selected to participate in the Canadian Quantum Champions Program (CQCP), a new, first-of-its-kind federal initiative designed to accelerate the development of fault-tolerant quantum computing capabilities in Canada and anchor the country’s quantum leadership for ...

Strategic agreement broadens Xanadu’s presence in SingaporeTORONTO, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, today announced it has signed a Memorandum of Understanding (“MoU”) with the Agency for Science, Technology and Research (“A*STAR”) in Singapore. This agreement builds on Xanadu’s existing partnership with A*STAR Institute of Microelectronics (A*STAR IME) and extends to include the A*STAR Institute of High Performance ...

Core Insights - The collaboration between Xanadu, Rolls-Royce, and Riverlane has successfully advanced quantum computing applications for modeling jet engine airflow, significantly reducing simulation runtimes from weeks to under an hour, thus enabling new prototyping opportunities in the aerospace industry [1][5] Company Summaries Xanadu - Xanadu is a Canadian quantum computing company founded in 2016, focused on building practical quantum computers and developing the open-source software library PennyLane [7] - The company has successfully reduced prototyping runtimes by up to 1000-fold for Rolls-Royce, addressing the long wait times associated with traditional simulations [4] - Xanadu's Catalyst compiler was instrumental in optimizing quantum-classical programs for Rolls-Royce, emphasizing the importance of hybrid quantum-classical computing [4][5] Rolls-Royce - Rolls-Royce is a major player in the aerospace industry, providing power solutions and services across multiple sectors, including defense and civil aviation [9][10] - The company reported an annual underlying revenue of £17.8 billion and an underlying operating profit of £2.46 billion in 2024, indicating strong financial performance [11] - Rolls-Royce's collaboration with Xanadu and Riverlane is part of its strategy to leverage advanced technologies to enhance its design processes and product offerings [3][5] Riverlane - Riverlane specializes in Quantum Error Correction (QEC) and partners with over 60% of the world's quantum computer companies to address challenges in achieving utility-scale quantum systems [12] - The company contributed novel quantum algorithms to the collaboration, enhancing the overall efficiency of the simulation workflow for Rolls-Royce [4][5] - Riverlane's expertise in QEC is crucial for unlocking the potential of quantum computing in various industries, including aerospace [12]

Core Insights - Crane Harbor Acquisition Corp. and Xanadu Quantum Technologies Inc. are moving forward with a proposed business combination, with an expected pro forma enterprise value of approximately US$3.1 billion and a pro forma market capitalization of US$3.6 billion [1][2] Company Overview - Xanadu Quantum Technologies, founded in 2016, is a leader in photonic quantum computing technology, operating at room temperature and offering the world's first networked, modular, and scalable quantum computer through its Aurora system [3] - Xanadu achieved quantum supremacy in 2022 with its 216-qubit Borealis system, marking a significant milestone in quantum computing [3] Financial Aspects - The combined entity, Xanadu Quantum Technologies Limited, is expected to be capitalized with approximately US$500 million in gross proceeds, including US$225 million from Crane Harbor's trust account and US$275 million from strategic and institutional investors through a PIPE investment [2] - The PIPE investment exceeds the minimum cash required to close the transaction under the business combination agreement [2] Strategic Positioning - The business combination positions Xanadu to become the first and only publicly traded pure-play photonic quantum computing company, leveraging photonics for various applications including quantum networking, sensing, and secure communications [4] - Xanadu is also a leader in quantum software through its PennyLane platform, which is widely implemented across major quantum computer providers [4] Regulatory and Transaction Details - The completion of the proposed transaction is subject to customary closing conditions, including shareholder approval and stock exchange listing [5] - The business combination is expected to close by the end of the first quarter of 2026 [5]

Core Insights - Xanadu Quantum Technologies is set to become the only public pure play photonic quantum computing company following its merger with Crane Harbor Acquisition Corp. [1][8] - The company claims to have achieved quantum supremacy in 2022 with its 216-qubit system, Borealis, which solved a complex problem in 2 minutes compared to 7 million years for the fastest classical supercomputer [5][3] - Xanadu projects significant growth, aiming for up to 100,000 physical qubits and 1,000 logical qubits in its fault-tolerant computer by 2029 [6] Company Overview - Xanadu is recognized as the first pure play quantum computing company to achieve quantum supremacy [3] - The company has developed an open-source software platform called PennyLane, which is reportedly used by up to 47% of quantum programmers [7] - Xanadu's expected pro forma market capitalization upon merger completion is approximately $3.6 billion [8] Financial Projections - Estimates for Xanadu's 2024 revenue range from $6 million to $9 million, with expectations of operating at a net loss due to its early development stage [9] - The financial details of Xanadu remain unclear as it transitions from a private to a public company [8] Market Impact - The debut of Xanadu on Nasdaq is anticipated to attract attention from investors, potentially affecting the stock prices of existing quantum computing companies like IonQ, Rigetti Computing, and D-Wave Quantum [2][11] - Investors may shift their focus from these companies to Xanadu, which could lead to temporary dips in their stock prices [11][12]