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AST SpaceMobile, Inc. engages in building a broadband cellular network in space to operate directly with standard, unmodified mobile devices based on an intellectual property and patent portfolio. It focuses on providing mobile broadband services with global coverage to all end-users, without the need to purchase special equipment. The company was founded by Abel Avellan on May 31, 2017 and is headquartered in Midland, TX.

AST SpaceMobile Inc - Ordinary Shares - Class A

AST SpaceMobile Inc

SpaceXs agreement to acquire Grain Managements low-band spectrumfrequencies AST SpaceMobile had pursuedis driving concern that Starlink will become a stronger direct-to-phone competitor and pressure ASTs carrier-dependent business. Traders disagree on the implications: bearish voices see a lost opportunity and rising competitive risk, while bulls argue SpaceXs move could push mobile carriers to deepen partnerships with AST.

Gorilla Technology Group, Inc. engages in the provision of video intelligence, Internet of Things (IoT) security, edge AI data analytics, and operational technology security solutions and services in Asia Pacific. It operates through the following segments: Video IoT, Security Convergence, and Other. The company was founded by Spincer Koh in May 2001 and is headquartered in London, the United Kingdom.

Gorilla Technology Group Inc

Gorillas proposed first U.S. data-center acquisition, a non-binding LOI for a facility with potential expansion to 36 MW alongside a broader 100+ MW AI-infrastructure plan, is driving discussion. Some traders welcome the U.S. expansion, while many question how the capital-intensive plans will be financed and whether Gorilla can execute on earlier projects.

Tesla, Inc. engages in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. It operates through the Automotive and Energy Generation and Storage segments. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits. The Energy Generation and Storage segment is involved in the design, manufacture, installation, sale, and lease of solar energy generation, energy storage products, and related services and sales of solar energy systems incentives. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Austin, TX.

Tesla Inc

Teslas increase in Texas Cybercab registrations is fueling optimism about a robotaxi rollout and helping explain the stocks rebound. Traders are split between betting on continued momentum and a short squeeze, and warning that the move is speculative and vulnerable to a pullback.

UnitedHealth Group, Inc. engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment utilizes Optum's capabilities to help coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience. The OptumHealth segment provides health and wellness care, serving the broad health care marketplace including payers, care providers, employers, government, life sciences companies, and consumers. The OptumInsight segment focuses on data and analytics, technology, and information to help major participants in the healthcare industry. The OptumRx segment offers pharmacy care services. The company was founded by Richard T. Burke in January 1977 and is headquartered in Eden Prairie, MN.

Unitedhealth Group Inc

Attention centers on UnitedHealths upcoming Q3 earnings and the newly released 2027 Medicare Advantage star ratings, with traders debating whether the ratings and ongoing cost pressures will weigh on results. Pessimists point to put positioning and the stocks weak trend, while bulls say ratings were better than feared and look for a turnaround around earnings.

AT&T, Inc. is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally. The Latin America segment provides wireless services and equipment in Mexico. The company was founded in 1983 and is headquartered in Dallas, TX.

AT&T, Inc.

AT&T Inc

SpaceXs planned acquisition of low-band spectrum to expand Starlink Mobile into a U.S. wireless carrier has heightened concerns about long-term competition and weighed on AT&T shares. Traders debate whether the selloff is an overreaction given the time and infrastructure needed to build a rival network, with many viewing the dip as a buying opportunity.

Verizon Communications, Inc. is a holding company, which engages in the provision of communications, information, and entertainment products and services. It operates through the following business segments: Consumer and Business. The Consumer segment provides consumer-focused wireless and wire line communications services and products. The Business segment offers wireless and wireline communications services and products, including FWA broadband, data, video and conferencing services, corporate networking solutions, security and managed network services, local and long-distance voice services, and network access to deliver various IoT services and products. The company was founded in 1983 and is headquartered in New York, NY.

Verizon Communications Inc

Verizon Communications Inc.

Verizon is under pressure after SpaceX agreed to acquire low-band spectrum, intensifying concerns that Starlink Mobile could become a longer-term wireless competitor; the deal remains subject to regulatory approval. Traders are split between viewing the selloff as an overreaction given the infrastructure and time needed to build a competing network and seeing a credible future threat, with some buying the dip while others remain bearish.

Snap, Inc. is a technology company, which engages in the provision of a visual messaging application that was created to help people communicate through short videos and images. The company was founded by Frank Reginald Brown IV, Evan Thomas Spiegel, and Robert C. Murphy in 2010 and is headquartered in Santa Monica, CA.

Snap Inc - Ordinary Shares - Class A

Snap Inc

Snaps new Specs augmented-reality glasses and announced enterprise partnerships are driving discussion, with bulls pointing to the products technology and potential use cases while skeptics question its high price, likely demand, and ability to generate meaningful sales. The rollout has also intensified debate over CEO execution and profitability, as traders complain that the stock has struggled to sustain gains despite the publicity.

Applied Digital Corp. is a technology company, which engages in the provision of development and operation of data centers which provide computing power. It operates through the Data Center Hosting Business and HPC Hosting Business segments. The Data Center Hosting Business segment provides energized infrastructure services to crypto mining customers. The HPC Hosting Business segment focuses on the designing, constructing, and operating data centers tailored to support high power density applications like HPC and AI. The company was founded by Wesley Carl Cummins and Jason Zhang in May 2001 and is headquartered in Dallas, TX.

Applied Digital Corporation

Applied Digitals shares are drawing attention after selling off despite a well-received earnings report, amid a broader AI/data-center stock pullback tied by traders to OpenAI-related concerns and higher yields. The community is divided between attributing the disconnect to sector and macro pressure or suspected short-selling, while others remain concerned about the companys debt and financing needs.

Duos Technologies Group, Inc. designs, develops, deploys, and operates intelligent technology solutions supporting rail, logistics, intermodal and government customers that streamlines operations, improves safety and reduces costs. It offers imaging, safety and security, software, and services. The firm also provides cutting edge solutions that automate the mechanical and security inspection of fast moving trains, trucks and automobiles through a broad range of proprietary hardware, software, information technology and artificial intelligence. The company was founded on May 31, 1994 and is headquartered in Jacksonville, FL.

Duos Technologies Group Inc

DUOT is drawing attention after a sharp, high-volume pullback from recent highs, with traders debating whether technical and selling pressure is outweighing its AI data-center growth story. Bulls point to the Axe Compute deal and reaffirmed 2026 outlook as reasons to buy the dip, while bears cite management concerns and possible financing or dilution risks.

Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment provides jet fuel to the airline segment. The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta, GA.

Delta Air Lines, Inc.

Deltas quarterly earnings missed expectations and its full-year profit outlook was cut amid sharply higher fuel costs, despite resilient travel demand. Traders are divided between viewing the strong bookings and fare growth as support and seeing fuel-driven margin pressure and weaker guidance as reasons for caution.

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Pasqal Reaffirms its Commitment to the EU’s Quantum Ambitions as It Leads Q-PLANET for Neutral-Atom Technologies

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

Pasqal Appoints Roger L. Chuchen as Head of Investor Relations

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.

Pasqal Announces an Evolution of Its Collaboration Framework  with the French Public Authorities

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.

Pasqal Reports First Half 2026 Financial Results

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

Pasqal recognized with an EIC Fund Award at the 2026 TechEU Equity Summit in Luxembourg

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.

Pasqal to Ring Nasdaq Closing Bell on September 17th

Closing Bell ceremony celebrating Pasqal’s recent public listing and marking its next chapter as a publicly traded company
PARIS and NEW YORK, Sept.  17, 2026 (GLOBE NEWSWIRE) -- Pasqal (NASDAQ: PSQL), a global leader in neutral-atom quantum computing, today announced that it will ring the Nasdaq Closing Bell on September 17, 2026, marking the company’s recent public listing under the ticker symbol PSQL.
  
The ceremony marks an important milestone in Pasqal’s journey, from pioneering quantum computing research to developing and deploying quantum solutions that address real-world challenges today. Pasqal is working with businesses, research institutions and public authorities around the world to explore and deliver practical applications of quantum computing across industries.
  
As a public company, Pasqal intends to accelerate the global deployment of its quantum computing platform, support continued innovation, and expand the adoption of quantum computing in commercial and public-sector applications worldwide. The company's focus remains firmly on translating advances in quantum technology into solutions that can address complex problems beyond the reach of today's most powerful classical computers.
  
“Ringing the Nasdaq Closing Bell is a proud moment for us and for everyone, from our employees and founders to our investors, who has contributed to building the company we are today,” said Wasiq Bokhari, Chief Executive Officer of Pasqal. “Pasqal was founded on the belief that the neutral-atom approach to quantum computing could deliver high-value solutions to real-world, complex challenges. Today, we are seeing that belief translate into concrete opportunities for businesses, researchers, and public-sector organizations. This milestone reflects how far we have come, but more importantly, it opens a new chapter for what we’re building next. We look forward to continuing to advance our technology, expand our international presence, and work alongside our customers and partners to deliver the benefits of quantum computing today.”
  
The Nasdaq Closing Bell ceremony will take place on September 17, 2026 at 4 p.m. ET at the Nasdaq MarketSite in Times Square, New York City. The ceremony will be livestreamed on Nasdaq’s official channels and can be viewed at: Bell Ringing Ceremony.
  
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.

Pasqal Announces First Half 2026 Earnings Release Date and Participation in Upcoming Investor Conferences

PARIS and NEW YORK, Sept.  14, 2026 (GLOBE NEWSWIRE) -- Pasqal (Nasdaq: PSQL), a global leader in neutral-atom quantum computing, today announced the date for the release of its financial results for the first half of 2026, covering the six months ended June 30, 2026, and its participation in upcoming investor conferences.
  
First Half 2026 Earnings Call
  
Pasqal will report its first half 2026 financial results before the open of U.S. financial markets on Thursday, September 24, 2026. Pasqal will host a conference call with the financial community that day at 8:00 a.m. Eastern Time to discuss the results. A live webcast and archived replay of the call will be available on Pasqal’s investor relations website. To access the conference call by phone, please dial 1-877-497-9071 (U.S. and Canada) or 1-201-689-8727 (international).
  
Upcoming Investor Conferences
  
Wasiq Bokhari, Chief Executive Officer, and Stéphane Rougeot, Chief Financial Officer, will participate in the following upcoming investor conferences:
  
Tuesday, October 13, 2026 – Jefferies European Disruptive Tech Conference in London.
Wednesday, October 21, 2026 – Goldman Sachs Disruptive Technology Symposium in Paris.
  
Investors interested in scheduling meetings with Pasqal should contact their respective conference representatives.
  
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).

Pasqal Appoints Roberto Mauro as Chief Product Officer and Joëlle Lumb as Chief Human Resources Officer

Executive appointments strengthen Pasqal’s product strategy and global people organization as the company advances the commercial deployment of neutral-atom quantum computing
PARIS and NEW YORK, Sept.  14, 2026 (GLOBE NEWSWIRE) -- Pasqal (NASDAQ: PSQL), a global leader in neutral-atom quantum computing, today announced the appointment of Roberto Mauro as Chief Product Officer (CPO) and Joëlle Lumb as Chief Human Resources Officer (CHRO). The appointments strengthen Pasqal’s executive leadership team as the company sharpens its product strategy, expands its global operations and builds the organizational capabilities required to support its next phase of growth.
  
As Chief Product Officer, Roberto will lead Pasqal’s end-to-end product strategy and roadmap, focusing development on priority customer needs and integrated offerings across hardware, software, cloud and services. He will also align teams around key product priorities to accelerate customer adoption and support the development of a scalable, high-margin business.
  
As Chief Human Resources Officer, Joëlle will lead Pasqal’s global people strategy, organizational transformation, leadership development and culture. She will work across the company to develop the talent, operating structures and capabilities required to support continued growth and international expansion.
  
“Pasqal’s ability to translate scientific leadership into meaningful customer outcomes will depend on the strength of both our products and our organization,” said Wasiq Bokhari, Chief Executive Officer of Pasqal. “Roberto combines deep technology and product expertise with a strong understanding of our customers and markets. Joëlle brings extensive experience helping global organizations navigate growth and transformation. Their leadership will be instrumental as we focus our product portfolio, strengthen execution and prepare Pasqal to operate at greater scale.”
  
Roberto Mauro Appointed Chief Product Officer
  
Roberto brings 30 years of international experience spanning strategy, product management, business development and innovation across Europe, Asia and the United States. Since joining Pasqal in January 2024, he has helped build the company’s Asia-Pacific presence with an initial focus on Korea, secured public and private funding, developed strategic research collaborations and advanced opportunities in Japan, Taiwan and Singapore. Previously, he spent two decades in senior leadership roles at Samsung, where he led technology investments and partnerships focused on data, artificial intelligence and quantum technologies, and held international business development roles at Cisco. Roberto has worked in quantum technology since 2019.
  
“Pasqal’s research and development organization is world-class, and our opportunity is to complement that strength with a product organization built around customers and the outcomes that matter most to them,” said Roberto. “I look forward to working across Pasqal to translate our technology into integrated, scalable offerings that accelerate customer adoption worldwide.”
  
Roberto holds a Master of Science in Engineering from Politecnico di Milano and an MBA from IMD.
  
Joëlle Lumb Appointed Chief Human Resources Officer
  
Joëlle brings more than 15 years of C-suite experience leading people strategies and organizational transformation across complex international businesses. Her expertise includes organizational design, culture and leadership development, talent strategy, post-merger integration, spin-offs, IPO readiness and restructuring. Before joining Pasqal, she held senior human resources leadership roles at NielsenIQ and Nielsen, overseeing regional and global people strategies across Europe, the Middle East, Africa and other international markets.
  
“Pasqal is bringing together exceptional scientific, engineering and commercial talent to build a transformative technology company,” said Joëlle. “My priority will be to help create the leadership capabilities, organizational clarity and inclusive culture that enable our people to do their best work and support Pasqal’s successful growth across markets.”
  
Joëlle holds an executive master’s degree in human resources from ESSEC Business School and an engineering degree in agronomy from ENSAR.
  
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.

Pasqal and LG CNS partner to power Next-generation AI Data centers with quantum computing

On the sidelines of the France-Korea State Visit, Pasqal strengthens its long-term presence in South Korea by signing a three-year MoU with LG CNS to develop scalable hybrid AI and quantum computing platforms.
PARIS, Sept.  10, 2026 (GLOBE NEWSWIRE) -- On the occasion of the France-Korea State Visit, Pasqal, a global leader in neutral-atom quantum computing, announced the signing of a three-year Memorandum of Understanding (MoU) with LG CNS, a leading AI transformation(AX) company and technology arm of LG group in South Korea. This agreement marks a new milestone in Pasqal’s long-standing commitment to Korea, which the company has established as its strategic hub for Asia-Pacific operations.
  
Pasqal’s approach is rooted in the conviction that quantum technology cannot develop in isolation, but must be embedded within strong local industrial, technological and research ecosystems. The partnership with LG CNS reflects this strategy by further anchoring Pasqal within Korea’s technology ecosystem and expanding its collaboration with leading Korean industrial players.
  
As compute demands for artificial intelligence continue to surge, integrating quantum processing into traditional compute architecture is emerging as a critical driver of performance for future digital infrastructure. Through this partnership, Pasqal and LG CNS combine their respective technical leadership to establish the foundations of a scalable hybrid computing ecosystem capable of solving complex industrial and scientific challenges.
  
A strategic alliance driving hybrid computing innovation
This collaboration seeks to accelerate the convergence between quantum processing power and advanced AI infrastructure across three primary areas:
  
Both companies will collaborate to integrate Pasqal’s neutral-atom quantum computing hardware with LG CNS’s AI platforms, including AI Haus environments and AI Data Center infrastructure. This joint effort aims to create high-performance hybrid systems optimized for compute-intensive workloads.

Additionally, the agreement covers the operational integration, management, and deployment of quantum computing resources within AI Data Center environments, ensuring scalable and enterprise-ready hybrid architectures.

Finally, Pasqal and LG CNS will jointly identify and pursue global commercial opportunities to bring AI and quantum-enabled data center solutions to domestic and international markets.

  
"This partnership with LG CNS marks a major milestone both in our long-term commitment to South Korea and in our vision for hybrid computing, where quantum technology and artificial intelligence reinforce each other," said Wasiq Bokhari, CEO of Pasqal. "By combining our neutral-atom quantum processors with LG CNS's deep infrastructure expertise, we are further embedding Pasqal within Korea’s world-class technology ecosystem and laying the groundwork for next-generation data centers capable of tackling the world's most complex challenges."
  
Deepening Quantum Infrastructure Ties Between France and Korea
The announcement coincides with the September 8 State Visit, where Pasqal is participating in the high-level round table hosted at the Élysée Palace during the France-Korea Summit, highlighting growing economic and technological synergies between the two nations.
  
For Pasqal, this agreement reinforces a long-standing commitment to South Korea, which serves as the company's strategic hub for all Asia-Pacific (APAC) operations. Pasqal benefits from strong backing by leading Korean institutional investors, including LG Electronics and Dunamu & Partners, and has maintained a strategic industrial partnership with LG Electronics for over four years, building a solid foundation for expanded collaboration across the Korean technology ecosystem. 
  
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). 
  
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LG CNS is a leading Korean AX (AI Transformation) company that continues to pioneer various emerging technologies, including AI, robotics, cloud computing, data center, and smart engineering, encompassing smart factories and smart logistics, as well as digital marketing. The company also leads the market through innovative system integration (SI) and system management (SM) capabilities across finance, manufacturing, the public sector, and various other industries. For more information, please visit https://www.lgcns.com.

Pasqal and KACST Launch Strategic Quantum Research Collaboration as Pasqal Expands Presence in Saudi Arabia

Agreement to advance post-quantum cryptography underscores Pasqal's growing momentum in the Kingdom, ahead of CEO keynote at LEAP 2026
RIYADH, Saudi Arabia, Aug.  31, 2026 (GLOBE NEWSWIRE) -- King Abdulaziz City for Science and Technology (KACST), represented by the National Center for Quantum Technologies (NCQT), has signed a research collaboration agreement with Pasqal (Nasdaq: PSQL), a global leader in neutral-atom quantum computing, to advance research and development across multiple domains of advanced quantum technology and enhance quantum cryptography readiness in Saudi Arabia. The agreement was announced during a ceremony held at King Salman Science Oasis in Riyadh during World Quantum Day.
  
The agreement marks the latest milestone in Pasqal's rapidly expanding presence in Saudi Arabia as the company deepens partnerships across the Kingdom's research, government and industrial sectors. The announcement comes as Pasqal CEO Dr. Wasiq Bokhari prepares to deliver a keynote address in Riyadh at LEAP 2026, one of the world's leading technology events, highlighting the company's growing role in supporting Saudi Arabia's ambitions to become a global hub for advanced technologies.
  
Under the agreement, Pasqal's neutral-atom quantum processing technology and cloud services will be paired with KACST's national research infrastructure to develop and validate quantum-safe cryptographic solutions. The work will be carried out at KACST's National Center for Quantum Technologies, with quantum cryptography serving as the first focus area of a broader multi-year research program.
  
As quantum computing capabilities continue to advance globally, organizations across government, financial services and critical infrastructure face increasing pressure to prepare for a post-quantum future. Through the collaboration, KACST and Pasqal expect to develop, test and package quantum-safe cryptographic solutions, with the shared objective of ultimately bringing commercial offerings to the Saudi market.
  
Dr. Talal Al-Sedairy, Senior Vice President for R&D at KACST, said:
  
"This agreement reflects KACST's commitment to building strategic research partnerships with global technology leaders, supporting the development of national capabilities, and translating scientific research in quantum technologies into impactful future applications."
  
Prof. Manahel Thabet, Director of the National Center for Quantum Technologies, said:
  
"This partnership represents an important step toward building an advanced national quantum ecosystem. It enables our researchers to conduct joint research across diverse quantum domains, leveraging world-class infrastructure and international expertise to elevate the Kingdom's research capacity and global standing in this strategic field."
  
The collaboration builds on a period of significant momentum for Pasqal in Saudi Arabia. In May, together with Aramco, Pasqal inaugurated Saudi Arabia's first quantum computer at Aramco's data center in Dhahran, alongside the Middle East's first commercial Quantum Computing-as-a-Service platform. More recently, Pasqal and Eleven Ventures announced plans to establish a joint venture focused on deploying, commercializing and scaling quantum computing systems across Saudi Arabia and the wider MENA region.
  
The company's growing engagement in the Kingdom has also included a recent visit by a senior Saudi ministerial delegation, led by His Excellency Abdullah Alswaha, Minister of Communications and Information Technology, to Pasqal's headquarters and quantum computer production facility in France. Together, these developments underscore Pasqal's expanding contribution to Saudi Arabia's quantum ecosystem, spanning research, infrastructure, industrial applications and workforce development.
  
Dr. Wasiq Bokhari, CEO of Pasqal, said:
  
"This initiative builds on Saudi Arabia's growing investment in quantum technologies and demonstrates Pasqal's continued deep engagement and commitment to the Kingdom regarding the development and utilization of quantum technologies."
  
"Saudi Arabia is demonstrating a remarkable ambition to build the technologies and capabilities that will shape the next generation of computing. For Pasqal, our work in the Kingdom goes well beyond deploying quantum hardware. We want to build long-term partnerships, develop practical applications and contribute to an ecosystem capable of turning quantum computing into real industrial and economic value."
  
As part of that ongoing commitment, Dr. Bokhari will deliver a keynote address today at LEAP 2026, where he will discuss the transition of quantum computing from scientific research toward industrial-scale applications and the growing role quantum technologies can play in supporting economic growth and innovation.
  
The KACST collaboration forms part of broader efforts to strengthen Saudi Arabia's research, development and innovation ecosystem in quantum technologies, expand international scientific collaborations and support the Kingdom's Vision 2030 objectives.
  
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.

Pasqal Holding SA engages in the builds and delivers industry-ready neutral-atom QPUs, which believe are designed to transform cutting-edge scientific breakthroughs into real-world business solutions across multiple industries. The company is headquarter in Palaiseau, France.

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