r/QuantumComputingStock

QTREX Engineers Conductivity Itself to Address Quantum Computing's Cryogenic Heat-Load Barrier

The Company Filed a U.S. Provisional Patent Application Covering a Potentially Dominant Approach to the Critical Cryogenic Signal Pathway, Designed to Overcome Limitations of Traditional Manufacturing

July 01, 2026 08:40 ET | Source: QTREX Quantum Ltd.

Nes Ziona, Israel, July 01, 2026 (GLOBE NEWSWIRE) — QTREX Quantum Ltd. (Nasdaq: QTEX) ("QTREX" or the "Company"), a company focused on advancing Additively Manufactured Electronics ("AME") for quantum computing infrastructure today announced the development of a controlled-conductivity cryogenic microwave interconnect architecture designed to reduce heat conduction while preserving microwave signal performance in quantum computing systems. The Company filed a U.S. Provisional Patent Application with the United States Patent and Trademark Office ("USPTO") and the underlying technology is patent pending.

The Company's architecture is based on the intentional use of the Wiedemann–Franz Law, a fundamental law of physics linking electrical conductivity and electronic thermal conductivity in metallic conductors, with particular relevance at cryogenic temperatures. By applying this law at the materials-design level, The Company is turning conductivity into an engineering parameter for cryogenic quantum infrastructure, enabling conductive materials to be designed not only for signal transmission, but also for thermal behavior in ultra-low-temperature environments.

This capability is enabled by QTREX's control over the full materials-to-component process, from the chemistry and engineering of its manufacturing materials, through the additive manufacturing process, and into the final quantum-infrastructure component. This vertical control allows the Company to design material behavior for the specific requirements of quantum environments.

In superconducting quantum computing systems, microwave control and readout signals must travel from room-temperature electronics to quantum processors operating at millikelvin temperatures inside dilution refrigerators. Each interconnect line can also become a thermal pathway, conducting unwanted heat into the coldest stages of the system. This is already a significant constraint in today's cryogenic quantum systems and becomes increasingly critical as systems scale.

"Our ability to dictate material properties from the chemical formulation through to the final component gives us a unique competitive advantage in the quantum sector", said Dagi Ben-Noon, CEO of QTREX. "This architecture is a direct result of our vertically integrated approach, demonstrating how our advanced manufacturing capabilities has the potential of solving complex infrastructure challenges that traditional methods simply cannot address."

QTREX has seen strong interest from industry participants exposed to this development, reflecting the fact that this approach introduces a new way of thinking about cryogenic quantum infrastructure. This interest is already moving into near-term technical evaluation, with one of the Company's current industry collaborators expected to begin reviewing the architecture as early as next week.

About QTREX Quantum

QTREX Quantum Ltd. (Nasdaq: QTEX) is a technology company focused on advanced connectivity and electronics manufacturing solutions for next-generation hardware markets. Following its acquisition of the AME platform, the Company is developing high-density, thermally optimized quantum connectivity solutions for dilution cryostats and advancing AME applications for defense, aerospace, missile, space, and other mission-critical environments. The Company also continues to advance its medical technology portfolio, including respiratory support and blood monitoring platforms, while actively working to monetize certain parts of the medical business.

For more information, please visit: www.q-trex.com

Forward-Looking Statement Disclaimer

This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. These forward-looking statements are based on the current expectations of the management of the Company only and are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses Conductivity's ability to address quantum computing's cryogenic heat-load barrier; the Company's ability to enable conductive materials to be designed also for thermal behavior in ultra-low-temperature environments; the capabilities of the Company's controlled-conductivity cryogenic microwave interconnect architecture; approval of the Company's pending patents; the Company's ability to design material behavior for the specific requirements of quantum environments; the belief that constraints in today's cryogenic quantum systems become increasingly critical as systems scale; the belief that the Company has a unique competitive advantage in the quantum sector and how its advanced manufacturing capabilities has the potential of solving complex infrastructure challenges; any interest from industry participants; and the belief that the Company's approach may introduces a new way of thinking about cryogenic quantum infrastructure. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements. More detailed information about the risks and uncertainties affecting the Company is contained under "Risk Factors" in the Company's annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission.

Company Contact

QTREX Quantum
Email: info@q-trex.com
Phone: +972-9-9664485

https://www.globenewswire.com/news-release/2026/07/01/3320608/0/en/QTREX-Engineers-Conductivity-Itself-to-Address-Quantum-Computing-s-Cryogenic-Heat-Load-Barrier.html

D-Wave is celebrating $1.57 million in NSF funding tied to its Quantum Circuits subsidiary, but that Yale partnership predates the acquisition by more than a year.

WHAT HAPPENED

D-Wave announced on June 30 that it is receiving $1.5f rom a National Science Foundation program supporting quantum research. The funding is tied to ERASE, a project led by Yale physicist Steven Girvin that aims to build more reliable quantum computers. The award flows through D-Wave's New Haven subsidiary, Quantum Circuits, LLC, formerly known as QCI, which D-Wave acquired recently. Under the arrangement, ERASE researchers gain access to QCI's superconducting dual-rail gate-model hardware. Yale had separately announced on June 24 that ERASE's second phase received a total of $4 million in NSF funding, of which D-Wave's $1.57 million is one portion.

WHY IT MATTERS

Quantum computing companies are still mostly pre-revenue businesses leaning on government grants, research partnerships, and investor enthusiasm to justify their valuations. In that environment, how a company frames its wins matters almost as much as the wins themselves, because headlines often substitute for hard sales numbers when investors are deciding whether to believe the story.

What's notable here is the gap between the announcement and the timeline. QCI was already the designated hardware partner for ERASE's first NSF funding round back in December 2024, more than a year before D-Wave owned the company. In reality, D-Wave acquired a company that already had this Yale relationship locked in.

The grant is not sales revenue. It funds research access to QCI's hardware rather than paying for a delivered product or service, and at $1.57 million it amounts to less than 3% of what D-Wave spends running its business in a single quarter. With $588.4 million in cash on hand, the company doesn't need this money to survive. It needs the story.

The press release also surfaces just $1.57 million of a $4 million grant, leaving readers without the full picture of how the funding, and the credit, is actually distributed among ERASE's partners.

WHAT THE NUMBERS SHOW

NSF grant credited to D-Wave (announced June 30)	$1.57 million
Full NSF grant to ERASE Phase 2 (per Yale, June 24)	$4.0 million
D-Wave's share of full ERASE Phase 2 grant	~39%
Remaining ERASE Phase 2 funding (other partners)	~$2.4 million
D-Wave Q1 2026 GAAP operating expenses	$56.5 million
D-Wave Q1 2026 revenue	$2.9 million
D-Wave Q1 2026 net loss	$18.4 million
D-Wave cash and securities (as of 3/31/26)	$588.4 million
Grant as share of one quarter's opex	~2.8%

WHAT WE'RE WATCHING

Annealing-business relevance. D-Wave's legacy annealing computer line had zero involvement in this grant or the Yale relationship. Watch if there are any future announcements that involve their keystone annealing product.

Repeat framing pattern. Watch the next two or three D-Wave press releases for similar treatment, presenting pre-acquisition QCI achievements as new D-Wave wins. One instance is a footnote; three would be a pattern worth calling out explicitly.

The other $2.4 million. Confirm with NSF or Yale how the remaining ERASE Phase 2 funding is allocated among partners like Princeton, the University of Maryland, and Southern Connecticut State. That breakdown would show how central D-Wave's actual contribution is versus how central the press release makes it sound.

Gate-model commercial traction. Check within six months whether the QCI gate-model hardware has converted into any paid commercial contracts or system sales, as opposed to additional research-access grants. That's the real test of whether this technology has business value beyond academic partnerships.

BOTTOM LINE

This is a QCI legacy deal being sold to the market as a D-Wave achievement, and the distinction matters more than the dollar figure. D-Wave spent $56.5 million last quarter and lost $18.4 million while generating $2.9 million in revenue, so a $1.57 million research grant changes nothing about the underlying business. What it does change is the narrative, since a partnership QCI built more than a year before D-Wave owned it gets repackaged as fresh momentum the day after the bigger $4 million figure became public. It's also important to remember that this is not revenue, but a research agreement, and indicates nothing about the company's ability to commercialize its technology in the future.

The sources we used:

D-Wave to Receive $1.5 Million Grant Through NSF Project — BusinessWire, June 30, 2026

A new vision for quantum computing takes a big step forward, with new grant — Yale News, June 25, 2026

With NSF grant, Yale and industry team up to harness quantum's potential — Yale News, December 19, 2024

D-Wave Quantum Inc. Form 10-Q, Q1 2026 — SEC EDGAR

D-Wave Reports First Quarter 2026 Results — BusinessWire, May 12, 2026

D-Wave Announces Agreement to Acquire Quantum Circuits Inc. — SEC 8-K, January 7, 2026

D-Wave Completes Acquisition of Quantum Circuits Inc. — SEC 8-K, January 20, 2026

Very small float only 700k shares available ⬆️

QTREX Expands into Quantum Processor Interface with Single-Build Cryogenic Chip Carrier

Based on a design supplied by a major U.S.-based technology company active in quantum computing, the milestone extends QTREX's AME platform into the processor-interface layer, expanding its role within future quantum computing architectures

June 18, 2026 07:30 ET | Source: QTREX Quantum Ltd.

Nes Ziona, Israel, June 18, 2026 (GLOBE NEWSWIRE) -- QTREX Quantum Ltd. (Nasdaq: QTEX) ("QTREX" or the "Company") a company focused on advancing Additively Manufactured Electronics ("AME") for quantum computing infrastructure, today announced a major technical and strategic milestone: the Company has successfully produced a cryogenic chip carrier using its proprietary single-build AME process, based on a design supplied by one of the world's largest U.S.-based technology companies developing full-stack quantum computing systems.

The achievement expands QTREX's role within the quantum hardware stack into the processor-interface layer, demonstrating that the Company's AME platform can address both signal transport and critical carrier-level functions around the quantum processor. By enabling these capabilities within a single AME architecture, QTREX believes it is opening a new category of quantum computing components and expanding its addressable opportunity across future quantum system architectures.

A cryogenic chip carrier supports the quantum processor and manages signal fan-out between the processor interface and the cryogenic I/O stack. As quantum systems scale, this interface becomes increasingly important. Higher channel counts require denser routing, stronger shielding, lower thermal load, controlled signal integrity and repeatable manufacturing inside highly constrained cryogenic environments.

QTREX's carrier uses a Kapton-class polyimide architecture adapted for very low-temperature environments. The single-build AME process is designed to integrate the cryogenic chip carrier and interconnect structure into one monolithic architecture, enabling conductive pathways, dielectric structures, shielding features and direct interconnect transitions to be produced together rather than assembled through separate connectors and manual steps. By reducing connectorized transitions, the architecture is intended to lower potential failure points, simplify the signal path and support substantially higher routing density. Because shielding can be engineered directly into the carrier, and because AME enables 3D routing geometries, this approach can open a new integration path for high-channel-count quantum processors that conventional connector-based architectures are not designed to support.

"Following engagement with multiple quantum computing companies and the evaluation of this capability with one of the industry's leading players, we view this milestone as representing a meaningful expansion of our position within the quantum hardware ecosystem," said Dagi Ben-Noon, CEO of QTREX. "By enabling the cryogenic chip carrier and interconnect structure to be produced within the same single-build AME architecture, we are expanding our quantum connectivity platform to include processor-interface functions. This capability further strengthens QTREX's role in addressing one of the fundamental scaling challenges facing the quantum computing industry."

Following interest from multiple quantum hardware companies and strategic technology customers, the next phase is expected to focus on customer-specific cryogenic chip carrier designs tailored to each processor architecture, chip design and system-level requirement.

QTREX plans to present the chip carrier sample during private meetings in Boston around Quantum.Tech World 2026, taking place on June 25–26, 2026. Industry participants, research institutions and strategic partners interested in viewing the sample or discussing customer-specific processor-interface designs may contact Yoav Rozanovich, Chief Business Officer, at yoavr@q-trex.com or info@q-trex.com to request a meeting.

About QTREX Quantum

QTREX Quantum Ltd. (Nasdaq: QTEX) is a technology company focused on advanced connectivity and electronics manufacturing solutions for next-generation hardware markets. Following its acquisition of the AME platform, the Company is developing high-density, thermally optimized quantum connectivity solutions for dilution cryostats and advancing AME applications for defense, aerospace, missile, space, and other mission-critical environments. The Company also continues to advance its medical technology portfolio, including respiratory support and blood monitoring platforms, while actively working to monetize certain parts of the medical business.

For more information, please visit: www.q-trex.com

Forward-Looking Statement Disclaimer

This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. These forward-looking statements are based on the current expectations of the management of the Company only and are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses the benefits, advantages and capabilities of its AME platform and cryogenic quantum chip carrier; that the achievement expands its role within the quantum hardware stack into the processor-interface layer, demonstrating that its AME platform can address both signal transport and critical carrier-level functions around the quantum processor, that the milestone represents a meaningful expansion of its position within the quantum hardware ecosystem; that this new capability further strengthens its role in addressing one of the fundamental scaling challenges facing the quantum computing industry and that its next phase is expected to focus on customer-specific cryogenic chip carrier designs tailored to each processor architecture, chip design and system-level requirement; potential customer, partner and commercial discussions; and its plans to present the sample in Boston. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements. More detailed information about the risks and uncertainties affecting the Company is contained under "Risk Factors" in the Company's annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission.

Company Contact:
QTREX Quantum
Email: info@q-trex.com
Phone: +972-9-9664485

Investor Relations Contact:
Arx Investor Relations
North American Equities Desk
Email: QTREX@arxhq.com

https://www.globenewswire.com/news-release/2026/06/18/3314085/0/en/qtrex-expands-into-quantum-processor-interface-with-single-build-cryogenic-chip-carrier.html