PSQL News

As enterprises and governments scale their use of quantum computing, Pasqal's information security management system is independently certified against the internationally recognized standard PARIS, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Pasqal (Nasdaq: PSQL), a global leader in neutral-atom quantum computing, today announced that its Information Security Management System (ISMS) has achieved ISO/IEC 27001:2022 certification, the internationally recognized standard for information security, cybersecurity and privacy protection. The certification provides customers, particularly in regulated industries, with independent assurance that Pasqal systematically identifies, assesses, and manages information security risks across its certified activities, as they transition quantum computing from pilots to production. As quantum computing expands into increasingly sensitive and business-critical applications, from financial risk modeling to energy systems and advanced materials research, organizations expect their technology partners to demonstrate effective risk management and compliance, with internationally recognized security standards. "In quantum computing, trust is not a feature you add once the technology works. It has to be built in from the first qubit," said Wasiq Bokhari, CEO of Pasqal. "Our customers are preparing to run some of their most sensitive workloads on quantum computers. That is why we have built information security into the way we design, develop, produce and support our solutions, and this certification recognizes that work.” Certified by SGS under COFRAC accreditation after an independent audit, Pasqal's Information Security Management System (ISMS) covers activities related to the design, development, industrialization, deployment, maintenance and support of quantum computing solutions and associated services across its sites in France, Canada and Saudi Arabia. This scope includes hardware R&D, QPU production, software development, product management, sales, procurement, operations and corporate functions, including legal and intellectual property. Contacts Investors investors@pasqal.com  Media pr@pasqal.com About Pasqal Pasqal (Nasdaq: PSQL) helps organizations tackle problems that are difficult or impossible to solve with conventional computing methods alone. Founded in 2019 on Nobel Prize–winning research, Pasqal builds and operates neutral-atom quantum computers, delivered with a full software stack, for industry, science, and governments. Pasqal’s production-ready systems are available both on-premises and through the cloud, enabling organizations to harness quantum computing without requiring in-house quantum expertise. A single hardware platform supports analog workloads today and is designed to evolve toward fault-tolerant quantum computing in the future.  Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network).  Forward-Looking Statements Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might”, “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project”, “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s ability to accelerate global deployment of its quantum computing platform. These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the “SEC”). The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so.

Schall, Brown & Schwartz LLP (SBS), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Pasqal Holding SA (Pasqal or the Company) (NASDAQ: PSQL) for violations of the securities laws.INVESTIGATION DETAILS: The investigation focuses on...

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Pasqal Holding SA - PSQL INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Pasqal Holding SA - PSQLPR NewswireNEW YORK, Oct. 8, 2026NEW YORK, Oct. 8, 2026 /PRNewswire/ -- Pomerantz LLP is...

Three months after its official kick-off in Brussels, the Q-PLANET Pilot Line is moving from vision to execution, with Pasqal steering 28 partners from 11 European countries to build a resilient European supply chain for neutral-atom quantum technologies PARIS, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Pasqal (NASDAQ: PSQL), a global leader in neutral-atom quantum computing, is coordinating the implementation of Q-PLANET (Quantum Pilot Line for production of Advanced chips for Neutral atom European Technologies), co-funded by the EU Chips Joint Undertaking (Chips JU) and National/Regional authorities. Backed by €50 million over three years, the consortium brings together 28 partners from 11 European countries to develop industrial-grade chip components for neutral-atom quantum computing, sensing, and communication. A Concrete Commitment to Europe’s Quantum Industrial Ambitions and Strategic Autonomy Pasqal’s leadership of Q-PLANET reflects the company’s concrete commitment to the European Union’s industrial quantum ambitions, in line with the upcoming EU Quantum Act. Through Q-PLANET, Pasqal is delivering one of the flagship initiatives of the European Quantum Strategy, aimed at supporting the large-scale industrialization of quantum technologies across the European Union. Through this pan-European collaborative effort, Q-PLANET will help establish the foundations for a resilient, state-of-the-art European quantum supply chain, strengthening the broader resilience and strategic autonomy of the European Union, while reinforcing its global competitiveness in quantum technologies. Over the next three years, the consortium will develop critical industrial-grade chip-based components for neutral-atom quantum technologies, including lasers at four key wavelengths (461 nm, 698 nm, 795 nm and 1013 nm), atom chips for quantum sensing and computing, and microfabricated vapor cells for atomic clocks and field sensors. Q-PLANET will also establish a pathway from laboratory research to industrial fabrication through the development of standardized Process Design Kits (PDKs) and Assembly Design Kits (ADKs), alongside energy-efficiency monitoring assessment across the production cycle of quantum technologies. Within this effort, Pasqal will notably lead the development activities dedicated to chip-based laser sources at 1013nm, one of the project’s core technology streams. Pasqal will also act as an end-user of the microfabricated vapor cells and laser sources, providing top-level specifications for their development, testing and validation. Strengthening Europe’s Neutral-atom Ecosystem & Building a European Quantum Market around User Needs Under Pasqal’s leadership, Q-PLANET will strengthen the European industrial and scientific neutral-atom ecosystem by bringing together leading research and technology organizations, industry partners and academic research groups. With 28 partners from 11 European countries, the consortium will foster synergies and partnerships across academia and industry, helping connect scientific research, industrial capabilities and the development of real-world quantum applications. Q-PLANET will also contribute to the development of a European quantum market by addressing the needs of European users. Through advancements in quantum computing, quantum sensing and quantum communications, the pilot line will help lay the foundations for future quantum use case applications in sectors where societal, economic and scientific interests are particularly strong, including drug discovery and materials discovery. By connecting advances in quantum hardware and manufacturing with concrete application requirements, Q-PLANET will help bring European quantum technologies closer to practical deployment and adoption. “Three months after our kick-off in Brussels, Q-PLANET has moved from ambition to execution. Together with our 28 partners, we are building a European supply chain for neutral-atom technologies, while bringing quantum industrialization closer to concrete user needs,” said Loïc Henriet, CTO of Pasqal. “Q-PLANET reflects Pasqal’s commitment to Europe’s quantum ambitions, bridging large-scale industrialization rooted in resilient capabilities with real-world application to build a globally competitive and resilient European quantum industry.” Contact: Investors  investors@pasqal.com Media pr@pasqal.com About Pasqal Pasqal (Nasdaq: PSQL) helps organizations tackle problems that are difficult or impossible to solve with conventional computing methods alone. Founded in 2019 on Nobel Prize–winning research, Pasqal builds and operates neutral-atom quantum computers, delivered with a full software stack, for industry, science, and governments. Pasqal’s production-ready systems are available both on-premises and through the cloud, enabling organizations to harness quantum computing without requiring in-house quantum expertise. A single hardware platform supports analog workloads today and is designed to evolve toward fault-tolerant quantum computing in the future. Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network). In Europe, under the EuroHPC Joint Undertaking procurement process, Pasqal has delivered three quantum processing units to European High-Performance Computing Centers in France (TGCC), Germany (Forschungszentrum Jülich) and Italy (CINECA). Pasqal is the elected European Convenor of CEN/CENELEC JTC22 European standardization WG3 on quantum computing and simulation, representing 34 European countries. It is also a member of the French governmental delegation to the ISO/IEC JTC3 international standardization committee on quantum technologies. Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or Chips Joint Undertaking. Neither the European Union nor the granting authority can be held responsible for them. The project is supported by Chips JU and its members including top-up funding by France 2030, European Regional Development Fund (ERDF), Ministry of Science, Research and Arts Baden-Württemberg, Business Finland and The Austrian Research Promotion Agency (FFG). Read more about Q-PLANET: www.q-planet.eu

Experienced technology and capital markets executive joins Pasqal to lead investor engagement and strengthen the company's public-market presence following its Nasdaq listing PARIS and NEW YORK, Oct. 02, 2026 (GLOBE NEWSWIRE) -- Pasqal (NASDAQ: PSQL), a global leader in neutral-atom quantum computing, today announced the appointment of Roger L. Chuchen as Head of Investor Relations, as the company expands its commercial operations and global customer base following its Nasdaq listing in August 2026. In this role, Roger will establish and lead Pasqal's investor relations function, working closely with the company's executive leadership team and Board of Directors to communicate Pasqal's investment thesis, deepen engagement with institutional investors and analysts, and strengthen relationships with shareholders and the broader financial community. He will also oversee investor communications, market intelligence and disclosure-related activities, while helping articulate Pasqal's long-term strategy and differentiated position in the rapidly evolving quantum computing market. "Roger joins Pasqal at an important time in our evolution as a public company," said Stéphane Rougeot, Chief Financial Officer of Pasqal. "As we scale our commercial operations, advance our technology roadmap and broaden our engagement with the global investment community, his extensive capital markets experience and deep understanding of the technology sector will be highly valuable. His ability to translate complex technologies and business strategies into clear investment narratives will further strengthen our dialogue with investors and analysts." Roger brings more than 25 years of experience across technology, investment management, equity research and corporate investor relations. Most recently, he served as Vice President of Investor Relations at AudioCodes, where he led the company’s investor engagement strategy and communications with the financial community. Earlier in his career, he held senior buy-side and sell-side positions at Citigroup Smith Barney (now Citi Research), Morgan Stanley Investment Management and J. Goldman & Co., L.P. "Pasqal has established itself as a leading player in quantum computing, with a differentiated technology approach, growing commercial momentum and a clear long-term vision," Roger said. "Becoming a public company creates an important opportunity to engage with a broader global investor base and increase understanding of the progress Pasqal is making across its technology, commercial and strategic priorities. I look forward to building the company's investor relations function, strengthening engagement with investors and analysts, and supporting Pasqal's continued growth." Contact: Investors  investors@pasqal.com Media pr@pasqal.com  About Pasqal Pasqal (Nasdaq: PSQL) helps organizations tackle problems that are difficult or impossible to solve with conventional computing methods alone. Founded in 2019 on Nobel Prize–winning research, Pasqal builds and operates neutral-atom quantum computers, delivered with a full software stack, for industry, science, and governments. Pasqal's production-ready systems are available both on-premises and through the cloud, enabling organizations to harness quantum computing without requiring in-house quantum expertise. A single hardware platform supports analog workloads today and is designed to evolve toward fault-tolerant quantum computing in the future. Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network). Forward-Looking Statements Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project,” “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s evolution of the areas of its collaboration with the French public authorities and participation in the civil public support programs currently being defined. These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations, including participation in government programs; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the “SEC”). The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so.

PARIS, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Pasqal (NASDAQ: PSQL) is announcing an evolution of the areas of its collaboration with the French public authorities to now focus on commercial applications, in line with the company’s growth strategy and innovation priorities.  This evolution includes the termination of Pasqal’s participation in the defense program LSQUARE (otherwise known as PROQCIMA), to which Pasqal participated in its first phase and successfully completed all the technological objectives. Pasqal thanks the French Direction générale de l’armement (DGA) of the Ministry of the Armed Forces for having supported it during the first phase of the defense program LSQUARE. Pasqal is now invited to participate in the civil public support programs currently being defined. As a first step in this civil collaboration, the company has been requested by the French Secrétariat général pour l’investissement (SGPI) and the French Direction générale des entreprises (DGE) to submit a specific research and development program for fault-tolerant quantum computing (FTQC) based on neutral atoms, and consistent with Pasqal’s advanced technology level and commercial maturity. This focus on commercial-led development will provide further support to Pasqal to accelerate the implementation of its FTQC roadmap beyond the scope of the PROQCIMA program. In just seven years, Pasqal has established itself as one of the global leaders in quantum computing, thus demonstrating the ability of French deeptech, with the support of public authorities, to bring forth world-class industrial champions. Pasqal operates the second largest fleet of complex quantum computers in the world, with world-leading companies among its customers. Dr. Wasiq Bokhari, Chief Executive Officer of Pasqal, said: “We are excited about the evolution of our collaboration with the French public authorities. The visit by Nicolas Dufourcq, Chief Executive Officer of the French Public Investment Bank (Bpifrance), to Pasqal’s headquarters today is a testimony to our close relationship and Pasqal’s strategic importance to France as a sovereign technology asset.” Contact :   Investors  investors@pasqal.com   Media pr@pasqal.com  About Pasqal Pasqal (Nasdaq: PSQL) helps organizations tackle problems that are difficult or impossible to solve with conventional computing methods alone. Founded in 2019 on Nobel Prize–winning research, Pasqal builds and operates neutral-atom quantum computers, delivered with a full software stack, for industry, science, and governments. Pasqal's production-ready systems are available both on-premises and through the cloud, enabling organizations to harness quantum computing without requiring in-house quantum expertise. A single hardware platform supports analog workloads today and is designed to evolve toward fault-tolerant quantum computing in the future. Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network). Forward-Looking Statements Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project,” “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s evolution of the areas of its collaboration with the French public authorities and participation in the civil public support programs currently being defined. These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations, including participation in government programs; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the “SEC”). The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so.

Strong Operational Execution and Progress Across Customer Deployments, Commercial Partnerships and Product Development Revenue Increased 14% Year-Over-Year, Including 34% Growth in QPU-Related Services Revenue PARIS and NEW YORK, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Pasqal Holding SA (Nasdaq: PSQL), a global leader in neutral-atom quantum computing, today announced its financial results for the first half of 2026, covering the six months ended June 30, 2026. First Half 2026 Financial Highlights Revenue of €4.9 million, an increase of 14% year-over-year. QPU-related services revenue of €3.9 million, an increase of 34% year-over-year. Booked and awarded business1 of €70.4 million as of June 30, 2026. Operating loss of €59.2 million, which included €37.5 million in share based payments and one-time charges, as compared with €19.8 million in the first half of 2025, which included €1.0 million in share based payments. Shared based payment charges amounted to €27.3 million in the first half of 2026, compared to €1.0 million in the first half of 2025. One-time transaction-related expenses incurred in connection with the completion of the business combination and the related listing process amounted to €10.2 million in the first half of 2026. Cash and cash equivalents of €110.8 million as of June 30, 2026. Strong balance sheet to fund growth with cash and cash equivalents of approximately €312.9 million as of August 27, 2026, following the successful business combination with Bleichroeder Acquisition Corp. II and related financing transactions as described below. (1) Booked and awarded business include grants, tax credit and multi-year customer contracts. “During the first half of 2026, we continued to deepen our engagement with our customers of choice across financial services, energy and advanced materials to solve high-value business problems and integrate quantum computing into real-world workflows. As demonstrated by our expanding relationships with organizations including NVIDIA, Google, Saudi Aramco and Crédit Agricole, the ability to deliver quantum advantage on meaningful applications today is driving commercial momentum, strengthening our backlog and validating quantum computing as a practical tool for creating measurable value for enterprise customers,” said Dr. Wasiq Bokhari, Chief Executive Officer of Pasqal. “At the same time, we continue to execute against our roadmap. Recent milestones, including the demonstration of more than 1,000 physical qubits, industry-leading progress in logical qubits, and the successful application of our systems to solve complex differential equations and simulate materials beyond the practical reach of classical computing, reinforce our confidence in the strength and differentiation of Pasqal’s neutral-atom approach and position the Company to capitalize on the growing demand for practical quantum computing solutions,” continued Dr. Bokhari. "Importantly, Pasqal’s capital-efficient business model enables us to pursue these technology and commercial objectives without the significant infrastructure investments required by many alternative quantum architectures. By leveraging a highly scalable neutral-atom platform that can be deployed in conventional data center environments, we are able to bring quantum solutions to customers more quickly, lower total cost of ownership, and accelerate the transition from research programs to production applications. This capital efficiency benefits both Pasqal and our customers, allowing us to focus resources on delivering practical solutions to real-world business challenges today while advancing toward fault-tolerant quantum computing.” “As we enter the second half of the year as a publicly traded company, we believe Pasqal is uniquely positioned at the intersection of scientific innovation and commercial adoption. With a growing portfolio of customer engagements, a differentiated technology platform, a disciplined approach to capital allocation, and a strong balance sheet to support future growth, we remain focused on delivering practical quantum solutions that create value today while building the foundation for the next generation of quantum computing.” First Half 2026 Business and Technological Highlights Introduced New Integration with NVIDIA CUDA-Q: Integrated NVIDIA CUDA-Q with Pasqal’s platform to advance hybrid quantum-classical computing and simplify deployment of quantum workloads within existing HPC infrastructure. Experimental Validation of Quantum Simulation: Pasqal and its academic partners used up to 256 atoms on Pasqal's Orion Beta QPUs to simulate the magnetic material TmMgGaO₄ and compared the results against laboratory measurements on crystals of that material. The work was among the studies cited by Nature on March 30, 2026, in its coverage of quantum simulations being verified against experimental data for the first time. Scaling of the Qubit Register: Pasqal prepared defect-free registers of 1,024 atoms, doubling its previous result of 506 atoms, and extended atom lifetimes approximately 40-fold through a redesigned cryogenic platform. Research Milestone in Logical Qubit Computing: Pasqal executed a full machine-learning application for solving differential equations using logical qubits, with the logical implementation outperforming its physical-qubit counterparts, in what the Company believes to be the first such comparison on a full application rather than on isolated sub-routines. Selected as XPRIZE Quantum Applications Finalist: Pasqal is one of five teams advancing in the XPRIZE Quantum Applications competition, a three-year global initiative sponsored by Google Quantum AI and the Geneva Science and Diplomacy Anticipator (GESDA) to accelerate the development of quantum computing solutions for real-world challenges. Final results are expected to be announced in 2027. Partnered with True Nexus to Apply Quantum Computing to Next‑Generation Food Protein Design: The partnership aims to create advanced computational models for protein functionality, expanding Pasqal’s presence in industrial applications and demonstrating the potential of neutral-atom quantum systems in life sciences and sustainable food innovation. Launched Saudi Arabia’s First Quantum Computer and the Middle East’s First Commercial Quantum Computing as a Service Platform: The deployment provides cloud-based access to a 200-qubit neutral-atom system and marks a significant milestone in the commercialization of quantum computing for industrial applications. Advanced Strategic Partnership with Crédit Agricole CIB to Deploy Quantum Computing Applied to Finance: The strategic partnership is expected to accelerate the transition from quantum research to operational deployment in capital markets activities. Deployed Italy’s First Neutral Atom Quantum Computer: Delivered a 140-qubit system designed for integration with the Leonardo supercomputer, expanding Pasqal’s installed base of production quantum systems across strategic research and commercial computing centers. Strengthened Leadership Team: Appointed Stéphane Rougeot as Chief Financial Officer to lead Pasqal’s global finance organization. Recent Developments Memo of Understanding (“MOU”) with Eleven Ventures: Announced a MOU with Eleven Ventures, a Kingdom of Saudi Arabia investment platform and venture capital firm, to establish a joint venture to deploy and commercialize Pasqal’s quantum computing systems across the Kingdom of Saudi Arabia. Collaboration with King Abdulaziz City for Science & Technology (“KACST”): Entered into research collaboration agreement with KACST to advance research and development in quantum technologies in the Kingdom of Saudi Arabia. Advance Next-Generation Technologies for Critical Mineral Production: Partnered with USA Rare Earth and Riven Systems to advance next-generation technologies for critical mineral production. Photon Integrated Circuit (“PIC”) Packaging Center of Competency: Launched, through its Canadian subsidiary Aeponyx Enterprises Inc. (“Aeponyx”), a Center of Competency in Photonic Integrated Circuit ("PIC") Packaging at the C2MI in Bromont, Quebec, intended to establish a domestic Canadian supply chain supporting the photonic layer of Pasqal's hardware roadmap. PIC Trapped Atoms Further Enhancing Technological Roadmap: Pasqal trapped individual atoms using laser light generated by a PIC, holding four rubidium atoms in four optical traps from a single photonic chip with lifetimes of approximately 27.5 seconds, matching the Company's bulk-optics systems. The platform was co-developed with Aeponyx, acquired less than 18 months earlier, and reduces the optical footprint by up to a factor of 50, addressing a principal constraint on manufacturing neutral-atom processors at industrial scale. Earnings Conference Call Pasqal will host a conference call to discuss the Company’s first half 2026 financial results on Thursday, September 24, 2026, at 8:00 a.m. Eastern Time. Those wishing to participate via telephone may dial 1-877-497-9071 (U.S. and Canada) or 1-201-689-8727 (international). A live audio webcast of the conference call can be accessed through Pasqal’s Investor Relations website at https://investors.pasqal.com, and a webcast replay will be accessible following the scheduled call. About Pasqal Pasqal (Nasdaq: PSQL) helps organizations tackle problems that are difficult or impossible to solve with conventional computing methods alone. Founded in 2019 on Nobel Prize–winning research, Pasqal builds and operates neutral-atom quantum computers, delivered with a full software stack, for industry, science, and governments. Pasqal's production-ready systems are available both on-premises and through the cloud, enabling organizations to harness quantum computing without requiring in-house quantum expertise. A single hardware platform supports analog workloads today and is designed to evolve toward fault-tolerant quantum computing in the future. Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network). Forward-Looking Statements Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might”, “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project”, “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s expected use of cash available at closing of the business combination and Pasqal’s ability to accelerate global deployment of its quantum computing platform. These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business and the business combination, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission. The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so. Contact: Investors investors@pasqal.com  Media pr@pasqal.com CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) In € thousandJune 30, 2026 December 31, 2025     Goodwill19,64319,676 Other intangible assets18,85817,451 Property, plant and equipment, net30,34628,119 Right-of-use assets8,3468,978 Deposits8,8028,421 Government grant receivables8,6671,198 Total non-current assets94,66283,844     Inventories, net11,79611,309 Trade receivables6,1095,608 Government grant receivables3,0098,181 Tax receivables5,3153,111 Other current assets3,1102,010 Cash and cash equivalents110,83573,762 Total current assets140,175103,980     Total Assets234,837187,824     In € thousandJune 30, 2026 December 31, 2025     Share capital868715 Share premium211,13170,158 Accumulated deficit(124,889)(32,533) Other reserves95,19649,601 Loss for the period(53,236)(92,355) Total equity129,070(4,415)     Borrowings7,7967,640 Lease liabilities9,3599,627 Employee benefit liabilities15,16111,051 Deferred tax liabilities379366 Deferred income from government grants10,0239,484 Total non-current liabilities42,71938,168     Borrowings2,854105,164 Lease liabilities520524 Provisions357356 Trade and other payables13,9119,556 Contract liabilities28,23722,977 Deferred income from government grants6,9317,409 Other current liabilities10,2378,084 Total current liabilities63,048154,070     Total shareholder's equity and liabilities234,837187,824 CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED)  Six-month period ended In € thousandJune 30, 2026June 30, 2025 Revenue4,8724,286 Government grant income2,9503,544 Other operating income1821,275 Purchases of material(2,569)(2,692) Changes in inventory1,3721,825 Employee salaries and benefit expenses(41,594)(15,353) Professional services and other services(19,553)(8,261) Depreciation and amortization(4,302)(4,396) Other operating expenses(518)- Operating loss(59,161)(19,773) Change in fair value of financial liabilities at FVTPL7,048(3,033) Finance income1,4141,101 Interest expense(1,996)(1,838) Other financial expense(521)(2,608) Loss before tax(53,216)(26,150) Income (expense) tax benefit(20)31 Loss for the period(53,236)(26,118)     Other comprehensive lossJune 30, 2026June 30, 2025     Items that may be reclassified to profit or loss in subsequent periods(311)10 Foreign currency translation adjustments(311)10     Items that will not be reclassified to profit or loss / income in subsequent periods(11)14 Remeasurement of defined benefit plans(14)19 Income tax impact4(5) Other comprehensive (loss) / income for the period, net of tax(322)24 Total comprehensive loss for the period(53,558)(26,094)     Loss per share   Basic losses per share(6.6)(3.8) Diluted losses per share(7.3)(3.8) CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)  Six-month period ended in € thousandJune 30, 2026June 30, 2025     CASH FLOW USED IN OPERATING ACTIVITIES   Cash used in operations(25,194)(19,956) Net cash flows used in operating activities(25,194)(19,956)     CASH FLOW USED IN INVESTING ACTIVITIES   Acquisition of property, plant and equipment(2,042)(4,908) Acquisition of intangible assets(2,423)(147) Proceeds from sale of intangible asset-112 Receipt of government grants3751,359 Change in deposits(380)596 Purchases of subsidiary(500)(157) Net cash flows used in investing activities(4,970)(3,145)     CASH FLOW FROM FINANCING ACTIVITIES   Proceeds from borrowings8343,518 Repayment of borrowings and lease liabilities(1,123)(1,588) Interest paid(188)(407) Proceeds from capital increases68,480- Net cash flows from financing activities67,25141,523     Net increase in cash and cash equivalents37,08718,422     Cash and cash equivalents at the beginning of the six-month period73,7627,163 Effects of exchange rate changes on cash and cash equivalents(14)(61) Cash and cash equivalents at the end of the six-month period110,83525,524

The award recognizes organizations for their contributions to Europe’s innovation ecosystem and the future of European technology PARIS, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Pasqal (Nasdaq: PSQL), a global leader in neutral-atom quantum computing, today announced that it had received a European Innovation Council (EIC) Fund Award at the 2026 TechEU Equity Summit in Luxembourg. Organized by the European Investment Bank (EIB), the event explored market trends, investment needs and key challenges across deep tech, security and defense, cleantech, and life sciences. The EIC Fund Awards recognize selected companies in the EIC Fund’s portfolio for their contributions to European deeptech. Pasqal was recognized as one of the first companies in the EIC Fund’s portfolio to complete a SPAC transaction and become a publicly listed company on Nasdaq on August 28. This achievement marks a significant milestone in the Fund’s history and highlights the importance of successful exits in strengthening Europe’s innovation ecosystem. “As a French company active in a strategic technology sector, Pasqal received early support from European institutions, both for its research and its growth, particularly through the EIC Fund,” said Wasiq Bokhari, CEO of Pasqal. “That backing helped us grow from a research-driven start-up into a company now listed on Nasdaq. We are deeply grateful for the EIC Fund's confidence in our team, and very proud to receive this award. Our ambition now is to keep scaling from Europe, while extending our impact and partnerships worldwide.” In addition to receiving the award, Wasiq Bokhari, CEO of Pasqal, moderated a panel discussion during the summit entitled “Exploring Exits Strategy and IPOs – Access to Capital Markets”. Featuring speakers from the EIB, Headline Fund, Atlantic Bridge, and Euronext, the session examined the role of IPOs, public market readiness, and capital market reform in helping scale-ups attract investment, grow, and remain headquartered in Europe. TechEU Equity is a networking and thought-leadership event bringing together investors, fund managers, founders, and senior tech executives to discuss investment trends, scaling opportunities, and the future of European technology. It focuses on connecting private capital with high-growth companies across sectors such as AI, deeptech, fintech, and climate tech. Contacts Investors investors@pasqal.com  Media pr@pasqal.com About Pasqal Pasqal (Nasdaq: PSQL) helps organizations tackle problems that are difficult or impossible to solve with conventional computing methods alone. Founded in 2019 on Nobel Prize–winning research, Pasqal builds and operates neutral-atom quantum computers, delivered with a full software stack, for industry, science, and governments. Pasqal’s production-ready systems are available both on-premises and through the cloud, enabling organizations to harness quantum computing without requiring in-house quantum expertise. A single hardware platform supports analog workloads today and is designed to evolve toward fault-tolerant quantum computing in the future. Headquartered in France with operations globally, Pasqal’s quantum computing systems are used by customers across energy, financial services and advanced materials to address complex challenges. Pasqal’s customers include Saudi Aramco, Crédit Agricole CIB, LG Electronics and supported by partnerships with NVIDIA and IBM (Pasqal is part of the IBM Quantum Network). Forward-Looking Statements Certain statements herein may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “might”, “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “predict,” “project”, “forecast,” “potential,” “seem,” “seek,” “target,” “possible,” “future,” “outlook” or similar terminology or expressions that predict or indicate future events or trends. These forward-looking statements include, but are not limited to, statements regarding future events, including Pasqal’s ability to accelerate global deployment of its quantum computing platform. These statements are based on current expectations and are not predictions of actual performance. They are provided for illustrative purposes only and must not be relied on as a guarantee, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and are beyond the control of Pasqal. These statements are subject to known and unknown risks and uncertainties and assumptions regarding Pasqal’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political, social and business conditions; uncertainty or changes with respect to laws and regulations; risks related to Pasqal’s indebtedness; the risk from Pasqal pursuing an emerging technology, facing significant technical challenges and the potential that it may not achieve commercialization or market acceptance; Pasqal’s reliance on strategic partners and other third parties; Pasqal’s ability to maintain, protect and defend its intellectual property rights; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the “SEC”). The foregoing list of risk factors is not exhaustive. There may be additional risks that Pasqal does not know or currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Pasqal’s expectations, plans and forecasts of future events and views as of the date of this communication. While Pasqal may elect to update these forward-looking statements in the future, Pasqal specifically disclaims any obligation to do so.