Mr. Eugene Profis reports

QUANTUMCORE PARTNERS WITH INSTITUTE OF QUANTUM COMPUTING IN $1.7 MILLION NON-DILUTIVE GRANT FROM NSERC

Quantumcore Inc. is deepening its collaboration with the Institute for Quantum Computing (IQC) at the University of Waterloo, alongside its inclusion as an industry partner in the Natural Sciences and Engineering Research Council of Canada's (NSERC) Alliance Quantum grant program with a total value of up to $1.7-million. The funding is non-dilutive, enabling Quantumcore to accelerate development of its superconducting travelling-wave parametric amplifier (TWPA) platform.

Through its collaboration with IQC and NSERC, Quantumcore gains access to a world-class quantum ecosystem, including the laboratories of Professor Christopher Wilson, advanced cryogenic measurement infrastructure and the University's Quantum-Nano Fabrication and Characterization Facility (QNFCF). These capabilities are expected to significantly enhance the Company's ability to design, fabricate and test next-generation quantum amplifier technologies.

The NSERC Alliance Quantum-supported initiative focuses on the development of high-performance TWPA amplifiers, a critical component for scaling superconducting quantum computers. These amplifiers enable low-noise signal readout at ultralow temperatures, improving qubit fidelity while minimizing thermal disruption, one of the central roadblocks in quantum computing architectures.

"This collaboration places Quantumcore at the intersection of cutting-edge academic research and industrial-scale commercialization," said Eugene Profis, chief executive officer of Quantumcore. "Access to IQC's infrastructure and Prof. Wilson's lab through the NSERC Alliance Quantum grant provides a powerful platform to advance our amplifier technology. The non-dilutive NSERC funding also allows us to accelerate development without impacting shareholder value."

The company's inclusion in the NSERC Alliance Quantum program reflects the strategic importance of its amplifier platform within Canada's broader quantum innovation agenda. By combining academic expertise with industry execution, Quantumcore is positioning itself as a key infrastructure provider in the rapidly evolving quantum computing sector.

Quantumcore's amplifier roadmap is designed to support the scaling of superconducting quantum systems, where maintaining signal integrity and minimizing heat at cryogenic temperatures are essential. As quantum processors evolve toward larger qubit counts, enabling technologies such as TWPAs are expected to play a foundational role in unlocking performance and commercial viability.

About Quantumcore Ltd.

Quantumcore is focused on becoming a dedicated hardware partner to the global quantum computing industry, designing and building advanced microchip sets engineered for cryogenic and superconducting environments.

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