17:19:44 EDT Tue 29 Sep 2026
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Xanadu Quantum Technologies Ltd
Symbol XNDU
Shares Issued 57,548,940
Close 2026-09-28 C$ 6.75
Market Cap C$ 388,455,345
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Xanadu Quantum forms partnership with Bluefors

2026-09-29 15:43 ET - News Release

Dr. Christian Weedbrook reports

XANADU AND BLUEFORS PARTNER TO REDEFINE CRYOGENIC INFRASTRUCTURE FOR UTILITY-SCALE QUANTUM COMPUTING

Xanadu Quantum Technologies Ltd. and Bluefors, the industry- eader in cryogenic solutions, have formed a strategic partnership to develop a novel, high-performance cryogenic prototype for utility-scale quantum computing (USQC). This work aims to realize a shared vision of scalable modular cryogenic infrastructure for USQC.

This partnership represents a key milestone for Xanadu and Bluefors's joint development efforts. The multimillion-U.S.-dollar collaboration will leverage Bluefors's cutting-edge cryogenic solutions and aims to establish a foundational blueprint not only for Xanadu's planned USQC data centre, but for all future USQC data centres.

"Until recently, the industry assumed that USQC would require massive, industrial-scale cryoplants," said Dr. Christian Weedbrook, founder and chief executive officer of Xanadu. "Our collaboration with Bluefors has yielded a concept that integrates their most advanced technology into a compact module. This approach is expected to remove the need for traditional cryoplants, greatly improving the scalability and economics of future quantum data centres."

Looking ahead, Xanadu and Bluefors plan to utilize insights from this development to engineer a mass-manufacturable cryogenic module tailored specifically for single-photon detectors and USQC in a data centre environment.

"Bluefors and Xanadu share a vision of making utility-scale quantum computing achievable," said Kim Povlsen, chief executive officer of Bluefors. "We are delivering a high-powered, modular and cryo-tested solution that combines cooling and quantum infrastructure designed to grow alongside our customers' technology road maps. By meeting the cooling demands that infrastructure investments need to scale, we help customers optimize time-to-value and build a strong foundation to accelerate the next generation of fault-tolerant quantum computers."

About Xanadu Quantum Technologies Ltd.

Founded in 2016, Xanadu is a Canadian photonic quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Xanadu is building fault-tolerant quantum computers using light, with systems designed to compute at room temperature. Xanadu develops both hardware and software, including PennyLane, its open-source quantum computing platform. Xanadu is the first pure play photonic quantum computing company to list on public markets (Nasdaq Stock Market and the Toronto Stock Exchange) and is recognized globally for its breakthroughs in scalable quantum technologies.

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