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FuelPositive Provides Updates on Site Approvals and Project Timeline

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Manitoba Government SupportApprovals and Project Timeline UpdateThe Path ForwardCarbon Credit UpdateFeatured Industry PresentationsPreparing for Launch/Big Reveal

WINNIPEG, MB, Sept. 25, 2024 /CNW/ – FuelPositive Corporation (TSXV: NHHH) (OTCQB: NHHHF) (the “Company”) is pleased to share an update on site approvals and project timeline.

Manitoba Government Support

In the first week of October, Manitoba Minister of Agriculture Ron Kostyshyn, along with Chris Sanderson from DOMA and other key department officials, are scheduled to visit the FuelPositive site for a follow-up meeting. This meeting represents an important opportunity for FuelPositive to engage directly with government leaders, highlighting the Company’s commitment to collaboration and its ongoing initiatives.

On September 18, FuelPositive had the opportunity to meet with the Manitoba Minister of Environment and Climate Change, Tracy Schmidt, with key staff DM Paul McConnell, ADM Neil Cunningham and DOMA Julia Antonyshyn to discuss the potential of Green Ammonia in the province. During this meeting, we learned that Green Ammonia has been a key topic in recent cabinet-level budget discussions, reflecting potential upcoming strong support for the technology and its promising growth potential.

FuelPositive also submitted a policy briefing to help prioritize farmers using Green Ammonia. With the support and guidance of Counsel PA, the Company advocates for incentives to benefit all Green Ammonia end-users, especially in the agricultural sector.

FuelPositive is optimistic that these meetings will translate into meaningful support from the new provincial government, accelerating the Company’s ability to scale its operations and drive impactful growth throughout Manitoba and beyond.

Approvals and Project Timeline Update

Manitoba Inspection and Technical Services (ITS):

FuelPositive has made significant progress toward securing the final ITS operating permit, with recent developments dramatically accelerating the approval process. Following a successful meeting with the Ministry of Labour, the timeline for the permit’s approval has been shortened from twelve weeks to just one week, underscoring the enthusiastic support for FuelPositive’s efforts in Manitoba.

In late August, FuelPositive held a critical site meeting with ITS engineers and FuelPositive mechanical contractors Wescan, to advance the operational approval timeline. Four senior engineers from ITS were in attendance, and they voiced strong support for the Company’s innovative Green Ammonia technology and its ambitious goals in the province.

The meeting reaffirmed the high-quality work completed by FuelPositive and its partners, with only a few remaining items requiring clarification before ITS can issue the final operating permit. The Company has addressed the majority of outstanding questions, and the final clarifications will be submitted by the end of this week. Final adjustments are being made without the need for redesigns, ensuring smooth progress. The Company’s Head of Mechanical Engineering and Project Completion Co-Lead, Martin Cina, and Senior Engineer of Record, Hamza Aldaghstany, are leading the effort to provide all necessary clarifications and documents swiftly.

By the end of this week, FuelPositive will have submitted all the required information to ITS. Based on recent discussions, the Company has been advised that the final review will take approximately one week. No further issues have been indicated, and we anticipate that the final permit will be issued very soon.

“FuelPositive’s recent meeting with ITS reinforced the quality of engineering work we’ve accomplished at FuelPositive. While we still have a few clarifications to finalize for the Company’s operating permit, I’m optimistic about FuelPositive’s progress. The team is focused on addressing these remaining items efficiently, and I appreciate the continued support from the Company’s partners as we navigate this critical phase. This is an important step forward for the FuelPositive team and the project. I’m confident that the Company is on the right path to success,” stated Hamza Aldaghstany, Senior Engineer of Record at FuelPositive.

Once the permit is secured, FuelPositive will promptly announce this significant milestone to shareholders, marking not only a major step forward toward the activation of the system, but also one of the final steps in the process, bringing the Company closer to its next phase of growth.

Manitoba Hydro Service Connection to Site and FuelPositive System Grid Integration:

FuelPositive is nearing a critical milestone in connecting its system to Manitoba Hydro’s green grid. Despite recent above-average rainfall causing a brief delay for farmers and FuelPositive, the Company has been informed that the final connection will be completed in the coming days.

Manitoba Hydro began work on the underground cabling route on September 9, successfully staking the path to supply power to the site. Although the connection was initially scheduled to be completed on September 17, intensive rain caused a temporary pause. Work is expected to resume this week, and FuelPositive anticipates completion of the connection by the end of the week. Shareholders will be promptly updated once the service goes live.

Linking the FuelPositive system to the grid is the final step before activation, which will occur once Manitoba Hydro approves the individual certification of each system container on-site. FuelPositive is collaborating closely with QPS, a strategic Canadian engineering firm specializing in third-party certifications for various entities, including Manitoba Hydro. While a portion of the certification has been completed, recent cost-saving measures led to a temporary pause. However, FuelPositive is consistently evaluating diverse capital options to support the Company’s near-term needs and growth. Once additional capital is secured, QPS is prepared to resume and finalize the certification work, which is expected to take approximately three weeks.

Importantly, FuelPositive remains committed to producing Green Ammonia only when the system is fully connected to a green grid but will continue testing and activation readiness using non-grid power sources in the interim.

“As we approach this critical milestone of connecting the first-of-its-kind FuelPositive system to Manitoba Hydro’s grid, I’m filled with optimism about the path ahead. Despite recent weather challenges, the Company’s team dedication and collaboration with Manitoba Hydro and QPS have positioned us for a successful integration. This connection is not just a technical achievement but a significant step toward realizing FuelPositive’s vision for sustainable Green Ammonia production. We’re eager to demonstrate the capabilities of FuelPositive’s innovative technology and begin making a meaningful impact in the agricultural sector,” stated Janusz McNeil, Head of Electrical Engineering and Project Completion Co-Lead at FuelPositive.

After completion of the Inspection and Technical Services (ITS) and Manitoba Hydro work, these certifications will streamline future Manitoba approvals, enabling faster system start-up and grid connections for subsequent systems and facilitating rapid expansion across the province.

Once all final steps involving ITS, Manitoba Hydro, and QPS are completed, FuelPositive expects its team to activate the system within about two weeks.

The connection of the FuelPositive system to the grid will mark a significant milestone for the Company and its shareholders. It will allow FuelPositive to demonstrate its groundbreaking Green Ammonia technology and production capabilities.

Following activation, the Company will be ready to begin selling systems, a long-awaited goal for the Company and its shareholders.

The Path Forward

In our last update, FuelPositive shared the challenges that arose from circumstances affecting the timely approvals of the Company’s system in Manitoba. We are pleased to confirm that the situation has been fully addressed, and we have implemented safeguards to ensure no further disruptions occur.

While the Company had anticipated generating revenue by now, the delay in system activation has extended the “wait and see” reality with potential customers. Once on-farm operations are underway, FuelPositive expects this situation to shift.

FuelPositive is taking all necessary steps to keep progress moving forward, ensuring the Company remains on track for system certification and activation. The Company focuses on maintaining financial health and protecting shareholder value as it moves through this crucial phase.

The Company is encouraged by ongoing discussions with stakeholders and the vital feedback it has received, which reinforces FuelPositive’s confidence in the path ahead. In addition, the Company expects to receive the next installment of funding in October from the Agricultural Clean Technology Program (ACTP), which will further support its momentum.

While there are challenges, FuelPositive is managing them proactively, and the Company is confident in its ability to continue advancing on-farm activities in Manitoba, pushing toward its broader objectives.

“As we navigate these challenges, I’m inspired by the resilience of our team. Our proactive approach ensures we take the necessary steps to keep the project on track and seize the opportunities ahead. The system’s activation is a key milestone for FuelPositive and a major step toward realizing our vision for sustainable agriculture in Manitoba and beyond,” said Ian Clifford, Co-Founder and CEO of FuelPositive.

Carbon Credit Update

Andre Mech continues to lead FuelPositive’s exploration into carbon credits for Green Ammonia, prioritizing opportunities for the Company’s clients, especially farmers. He is collaborating with a third-party expert to enhance FuelPositive’s negotiation efforts with the Government of Manitoba and to facilitate the monetization of Green Ammonia production for all stakeholders.

Green Ammonia produced on-site using a new and novel process, is recognized as a new type of fertilizer, which could benefit from a government compliance market. Initially, FuelPositive will likely start monetizing emission reductions in the voluntary market to enable immediate offsets at a discount to the ultimate benefit of compliance offsets. The logic behind this approach is to provide financial incentives to farmers right away while we work in parallel with the government to advance regulatory frameworks.

In Canada, carbon credits are categorized into two main types: compliance credits and voluntary credits. Compliance credits are part of regulatory frameworks established by provincial governments, including the Government of Manitoba, which set limits on greenhouse gas emissions. Companies that exceed these limits must purchase compliance credits to offset their excess emissions, creating a financial incentive to reduce their carbon footprint. The voluntary market in Canada allows companies and individuals to buy carbon credits to offset their emissions in support of various sustainability initiatives.

As demand for carbon credits rises in Canada and worldwide, prices are expected to increase, creating advantageous opportunities for farmers. FuelPositive plans to follow up with the Manitoba Minister of Finance on these developments and will keep the Company shareholders updated, with more information anticipated in October.

“As FuelPositive advances its exploration into carbon credits for Green Ammonia, I’m excited about the significant opportunities ahead for farmers and stakeholders. The recognition of Green Ammonia as a new type of fertilizer opens doors for near-term financial incentives, allowing us to create real value right now. FuelPositive’s strategic approach to entering the voluntary market positions us to capitalize on rising demand for carbon credits, and I am confident that, together, we can drive meaningful progress toward a more sustainable future in agriculture,” stated Andre Mech, Emission Reduction and Carbon Credit Advisor at FuelPositive.

Featured Industry Presentations:

FuelPositive is thrilled to announce its upcoming industry and stakeholder engagements, showcasing the Company’s commitment to advancing Green Ammonia technology and sustainability in agriculture. The FuelPositive team will participate in key industry events, engaging with farmers, stakeholders, and industry leaders to discuss the transformative potential of Green Ammonia as a sustainable fertilizer and fossil fuel replacement solution. These presentations will highlight the Company’s innovative approach to carbon credits and the benefits of on-site production, offering valuable insights into how FuelPositive’s technology can empower farmers to reduce their environmental impact, enhance productivity, and strengthen their financial resilience.

On October 17, FuelPositive is honored to be invited as the keynote speaker at the annual general meeting of the Bioscience Association of Manitoba (BAM) in Winnipeg. The company will share its vision for the future of sustainable agriculture.

Following this, Ian Clifford, Co-Founder and CEO of FuelPositive, will have the exciting opportunity to be featured on a breakout panel at the Manitoba Environmental Industries Association (MEIA) Cleantech Conference 2024 on November 20 in Winnipeg, discussing “Smart Farms, Clean Tech: Advancing Sustainable Agriculture.”

The Company is also thrilled to participate in two exclusive Green Ammonia workshops tailored specifically for farmers and the supporting industry. The Western Canada Workshop will occur on November 26 in Sperling, Manitoba, while the Eastern Canada Workshop is scheduled for November 28 in Guelph, Ontario. Both workshops, by invitation only, are designed to foster collaboration and knowledge sharing among key stakeholders, with a detailed agenda coming in the following weeks.

These workshops are part of the initiatives of the Global Nitrogen Innovation Center for Clean Energy and the Environment (https://niccee.org/), an international research initiative involving experts from the USA, UK, and Canada. Professor Claudia Wagner-Riddle and Professor Mario Tenuta will lead these workshops, which will explore innovative solutions for sustainable agriculture and the transformative potential of Green Ammonia.

Preparing for the Official Launch: A Commitment to Sustainability

As FuelPositive prepares for the official big reveal of its innovative technology, the Company is excited to introduce a mural project on-site by renowned Manitoba artist Kal Barteski. This mural, featuring vibrant depictions of polar bears incongruously sitting in an agricultural context, aims to raise awareness about their struggle for survival and the urgent environmental challenges faced by all species, including humans, as we collectively confront the realities of climate change.

Commissioned in anticipation of the launch, initially scheduled for early August, the mural is finally in progress and will serve as a powerful visual representation of FuelPositive’s commitment to sustainability. Once the system is activated and revenue generation commences, we hope to plan a memorable launch.

“As polar bears face the existential threat of climate change and habitat loss, their plight reminds us of the broader environmental crisis. If we don’t reverse the effects of greenhouse gas emissions, including those from agriculture, humans will face more and more challenging consequences,” said Luna Clifford, Co-Founder and CIO at FuelPositive.

“The mural is also a symbol of the multi-generational aspect of farming, honouring the deep roots that sustain agricultural communities while highlighting the urgent need to protect the people and the land that nourishes us. This artwork serves as a reminder of the legacy we leave for future generations. FuelPositive is dedicated to bridging the gap between rural and urban life, emphasizing the vital role of farmers in ensuring global food security as we work together to create a sustainable future for all.” concluded Luna Clifford.

Kal Barteski is a Canadian artist from Manitoba, an activist, TEDx speaker, tactical urbanist, published author, and 2020 winner of the Women Entrepreneur of the Year Award presented by the Manitoba Women’s Enterprise Centre (MWEC). This recognition honours her contributions as an artist and entrepreneur in promoting environmental awareness and community engagement.

Kal is passionate about polar bears, positive words, sea ice and environmental health, and advocates for the wild. She is a promoter of community and collaboration. She uses brush lettering and ink drips to celebrate imperfection.” She created the POLAR BEAR FUND (https://www.polarbearfund.ca/) to support innovative polar bear conservation. She coordinated the international mural festival: SeaWalls CHURCHILL (https://www.seawallschurchill.ca/). 

Kal Barteski’s commissioned work underscores the urgent need for action. Protecting polar bears is not just about saving a keystone species, it’s also about addressing climate change to preserve the fragile Arctic ecosystem. Through this partnership and powerful imagery, FuelPositive is committed to advancing sustainable agriculture and championing climate action for future generations.

“I’m thrilled to be part of the FuelPositive project. As a proud prairie girl, I have a deep appreciation for the land and the farming practices that sustain us. I also believe in the importance of preserving our natural environment while developing smart, innovative solutions that lead to a brighter, more sustainable future for agriculture and our communities.” said Kal Barteski, Mural Artist and Advocate.

About FuelPositive Corporation

FuelPositive is leading the future of agriculture with the world’s first farmer-owned, on-farm Green Ammonia production systems. The Company’s modular and innovative technology offers a predictable, reliable, and affordable solution for directly producing green fertilizer and fuel on-farm, reducing reliance on external supply chains.

Groundbreaking AgTech and Green Energy:

FuelPositive’s containerized Green Ammonia production systems are transforming the ammonia industry by decentralizing production. This empowers farmers to generate green nitrogen fertilizer and carbon-free fuel on-site, ensuring stable costs and supply. Each ton of ammonia produced by FuelPositive systems eliminates up to 2 tons of CO2e emissions, providing an environmentally sustainable solution that is also easily accessible and remotely monitored, enabling farmers to focus on their operations without added complexity.

First System Delivery: A Milestone in Sustainable Agriculture:

In June 2024, FuelPositive delivered its first commercial system, the FP300, to Tracy and Curtis Hiebert’s 11,000-acre grain farm near Sperling, Manitoba. This milestone marks a significant advancement for both FuelPositive and sustainable agriculture. The system activation this fall will further demonstrate the transformative impact of the Company’s technology on farming practices, driving a more sustainable future.

Manitoba: A Global Center of Excellence:

FuelPositive is positioning Manitoba as a leader in decentralized Green Ammonia production. The Company’s vision includes establishing a world-leading manufacturing hub that will generate highly skilled engineering, science, and trade jobs and contribute to the local economy over the coming years. 

Farmer-Centric Solutions:

FuelPositive addresses farmers’ financial and operational challenges due to fluctuating fertilizer and fuel costs. Farmers gain control over their nitrogen fertilizer supply by producing Green Ammonia on-site, reducing costs and ensuring price stability. This solution alleviates the financial burden and empowers farmers to plan more confidently for the future, safeguarding their land and resources for the next generation. By adopting sustainable practices today, farmers contribute to a cleaner world and a more secure future for those who follow in their footsteps.

FuelPositive is committed to creating a Canadian success story with technology developed and intellectual property owned in Canada. The Company values ethical practices, including precision agriculture and cruelty-free approaches that support genuinely sustainable agriculture. FuelPositive’s diverse and inclusive team is united by a common goal: to make a positive impact that goes beyond financial success. By prioritizing environmental stewardship and social responsibility, FuelPositive aims to drive meaningful change that benefits our communities and the environment.

See sales details here: https://fuelpositive.com/sales

FuelPositive Corporation is based in Ontario and Manitoba (Canada) and trades on the TSX Venture Exchange under the symbol NHHH and on the OTCQB in the USA under the symbol NHHHF.

Cautionary Statement

Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) that are based on expectations, estimates and projections as of the date of this news release. The information in this release about future plans and objectives of the Company, including with respect to further testing and implementation of the FP300 system, are forward-looking statements.

These forward-looking statements are based on assumptions and estimates of management of the Company at the time they were made and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.

Many of these uncertainties and contingencies can directly or indirectly affect and could cause actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Forward-looking information is provided to provide information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.

 

SOURCE FuelPositive Corp.

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11:11 Systems Announces Strategic Partnership with Cato Networks to Deliver SASE Solution for Distributed Enterprises

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July 21, 2026

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New Managed Secure Access Service Edge (SASE) solution combines SD-WAN, cloud-native networking and security capabilities with 11:11’s connectivity, cyber resilience and cloud expertise

SYDNEY, July 22, 2026 /PRNewswire/ — 11:11 Systems, a leading managed infrastructure solutions provider, today announced the global availability of its 11:11 Managed Secure Access Service Edge (SASE) solution and a new strategic partnership with Cato Networks.

11:11 Managed SASE is a fully managed secure connectivity solution leveraging Cato Networks AI-native network security platform. This solution brings together intelligent SD-WAN, cloud-delivered security and global connectivity into a single offering. It enables organisations to simplify and secure access across branch offices, data centres, users and cloud environments, reducing complexity without sacrificing performance or control.

Built on the Cato Networks cloud-native SASE platform, 11:11 Managed SASE combines zero trust network access (ZTNA), firewall as a service (FWaaS), secure web gateway (SWG), cloud access security broker (CASB), advanced threat protection and centralised visibility into a unified managed experience. 11:11 also delivers 24x7x365 monitoring and support, incident management integration and operational accountability to help customers limit vendor sprawl, increase agility and free internal teams to focus on higher-value priorities.

The offering is backed by 11:11’s broader networking, cloud and cyber resilience capabilities. Through its global backbone, carrier-agnostic connectivity options and integrated portfolio spanning cloud, backup, disaster recovery and security services, 11:11 gives customers a practical path to modernise network and security architecture while strengthening resilience across the business.

“Enterprises are under pressure to support users, applications and locations that are more distributed than ever, while limiting complexity and improving security,” said Justin Giardina, CTO, 11:11 Systems. “Our Managed SASE solution provides customers with a unified approach to modernising networking and security, along with the visibility, support and flexibility they need to thrive in a rapidly changing environment.”

According to Karl Soderlund, global channel chief, Cato Networks, “As enterprises move beyond fragmented legacy networking and security stacks, they need a simpler way to gain visibility, context and control across hybrid work environments and reduce the operational burden on IT. Through our partnership, we can address these challenges head on and deliver end-to-end visibility and protection in a single service built for the reality of modern work.”

The joint offering is well suited for distributed enterprises, multi-site organisations, hybrid workforce initiatives, SD-WAN refreshes, security modernisation efforts and businesses with limited IT resources. 11:11 meets customers where they are by supporting existing environments, simplifying multi-vendor operations and serving as a single provider accountable for network, security, cloud and data integration.

This partnership expands 11:11’s Network as a Service portfolio and follows Forrester’s inclusion of 11:11 Systems in its report, “The Secure Access Service Edge Services Landscape, Q1 2026.”

About 11:11 Systems

11:11 Systems is a managed infrastructure solutions provider that empowers customers to modernise, protect and manage mission-critical applications and data, leveraging 11:11’s resilient cloud platform. Learn more at www.1111Systems.com and follow 11:11 on LinkedIn.

View original content:https://www.prnewswire.com/apac/news-releases/1111-systems-announces-strategic-partnership-with-cato-networks-to-deliver-sase-solution-for-distributed-enterprises-302830322.html

SOURCE 11:11 Systems

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Crowell & Moring Expands Financial Services Group with Former UBS Bank USA General Counsel Cristina Diaz

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July 21, 2026

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NEW YORK, July 21, 2026 /PRNewswire/ — Crowell & Moring has added Cristina Diaz, former executive director and general counsel of UBS Bank USA, and most recently head of legal for UBS’s U.S. Remediation Management Office, to the firm’s Financial Services Group as senior counsel in New York. Diaz brings more than two decades of in-house counsel and law firm experience in bank regulation, compliance, and risk management.

At Crowell, Diaz will counsel banks, fintechs, and digital assets companies on a broad range of bank regulatory matters, including charters and licensing, permissible activities, capital requirements, regulatory enforcement, M&A, and corporate governance. She will also counsel clients navigating the intersection of traditional banking and emerging financial services, including digital assets companies seeking to acquire or establish national banks, and banks exploring partnerships with fintechs and digital assets firms.

At UBS, Diaz advised on the firm’s most pressing regulatory matters, including most recently UBS Bank USA’s charter conversion from a Utah industrial bank to an OCC national bank and key compliance remediations. This work gave Diaz extensive experience navigating relationships with state and federal financial regulators. Earlier in her career, Diaz spent eight years at Davis Polk & Wardwell advising U.S. and foreign banks on bank regulatory matters, M&A, and capital markets transactions.

“Cristina is a highly experienced, solution-oriented attorney who brings deep knowledge in the bank regulatory space. She will be an enormous asset to the firm’s growing regulatory and transactional offerings to banks, digital assets businesses, and fintechs,” said Carlton Greene, Co-Chair of Crowell’s Financial Services Group.

“I am delighted to join Crowell & Moring and integrate my bank regulatory experience with the firm’s nationally-recognized digital assets practice. As traditional banking and emerging financial technologies continue to evolve, clients need actionable and sophisticated legal counsel. Crowell offers the collaborative platform to help institutions successfully execute their growth and compliance strategies,” said Diaz.

Diaz received her J.D. from New York University School of Law, where she was a member of the New York University Law Review, and received her B.A., summa cum laude, from New York University. She is fluent in Spanish.

About Crowell & Moring LLP
Crowell & Moring is an international law firm with operations in the United States, Europe, and MENA. Drawing on significant government, business, industry, and legal experience, the firm helps clients capitalize on opportunities and provides creative solutions to complex regulatory and policy, litigation, transactional, and intellectual property issues. The firm is consistently recognized for its commitment to pro bono service, as well as its comprehensive programs and initiatives to advance the professional and personal development of all members of the Crowell community.

Media Contact:
Email: prteam@crowell.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/crowell–moring-expands-financial-services-group-with-former-ubs-bank-usa-general-counsel-cristina-diaz-302831280.html

SOURCE Crowell & Moring LLP

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Quantinuum and SoftBank Corp. Publish Joint White Paper on Scaling Practical Quantum Computing Use Cases Toward the Fault-Tolerant Era

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July 21, 2026

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The companies have published a joint white paper mapping commercially relevant quantum computing use cases in quantum chemistry and graph analytics to Quantinuum’s hardware roadmap.The paper provides a framework for assessing how advances in quantum hardware and algorithms, could affect when practical industrial applications become feasible.SoftBank Corp. and Quantinuum will use the roadmap to inform their exploration of future quantum AI data center services and related business models.

TOKYO and BROOMFIELD, Colo., July 22, 2026 /PRNewswire/ — Quantinuum (NASDAQ: QNT) and SoftBank Corp. (“SoftBank”) today announced the publication of “Quantum Computing Frontiers,” a joint white paper that maps two commercially-relevant quantum computing application areas against Quantinuum’s hardware roadmap. The analysis examines how advances in quantum hardware and algorithms could affect when these applications become practical for industrial use.

The paper focuses on two representative application domains that SoftBank is actively using Quantinuum’s systems to research: quantum chemistry for new materials discovery and energy research, and topological data analysis for large-scale graph analytics, including for telecommunications fraud detection. The authors anchor their assessment of the scalability of these two application areas against Quantinuum’s published hardware roadmap, examining how projected advances in hardware capabilities and algorithms may enable the commercial readiness of future industrial applications.

Building on this use-case roadmap, the paper also examines how quantum computing, AI, and high-performance computing could be integrated into future computing infrastructure. It considers how progress across successive hardware generations could inform future quantum AI data center services and related business models, a key focus of the Quantinuum and SoftBank partnership announced last year.

“The key takeaway of this study is that organizations do not need to wait for large-scale, fault-tolerant systems to explore where quantum computing can begin creating value,” said Duncan Jones, General Manager, Applications Group at Quantinuum. “By using today’s systems to develop, benchmark and refine applications in areas such as quantum chemistry and graph analytics, enterprises can build the technical and operational readiness needed for the next era of quantum-enabled computing.”

“The question is no longer whether quantum computing may deliver value, but rather which problem classes become executable at which stage of hardware maturity,” said Ryuji Wakikawa, Senior Vice President & CTO at SoftBank Corp. “However, we believe progress in hardware must be complemented by equally strong developments in quantum algorithms and the integration of quantum systems with AI and high-performance computing.”

The white paper discusses illustrative scenarios describing how representative applications, technology maturity, and potential market opportunities may evolve over time under stated assumptions. The analysis provided in the paper is intended to provide a conceptual framework for understanding potential market evolution and does not represent financial guidance or forecasts. These analyses are intended to support discussion of future technology development and should not be interpreted as commitments regarding commercialization, infrastructure investment, products, services, or financial performance.

The full white paper is available to download on the SoftBank and Quantinuum websites.

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 aiming to activate the potential of AI across its businesses and drive implementation in line with its “Activate AI for Society” growth strategy. While further growing its telecom business, SoftBank is expanding its AI computing infrastructure and AI and Cloud service businesses with the aim of becoming a provider of Next-generation Social Infrastructure. To learn more, please visit https://www.softbank.jp/en/corp/

About Quantinuum

Quantinuum (NASDAQ: QNT) 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] Quantinuum 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 or Master’s degrees. Quantinuum’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 Quantinuum 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, Quantinuum 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.

SOURCE Quantinuum

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