TOKYO, CAMBRIDGE, England and BROOMFIELD, Colo., October 19, 2022 /PRNewswire/ — Mitsui & Co., Ltd (“Mitsui”) and Quantinuum have signed a strategic partnership agreement to collaborate on the delivery of quantum computing in Japan and the Asia Pacific Region.
Mitsui, which is committed to digital transformation, and Quantinuum, one of the world’s leading quantum computing companies, integrated across hardware and software, have entered into this strategic partnership to develop use cases of quantum computing, which are expected to drive significant business transformation and innovation in the future.
Mitsui and Quantinuum will accelerate collaboration, cooperation and development of new business models. They will jointly pursue the development of quantum applications and provide value-added services to organizations working in various fields of quantum computing, which should be worthwhile US$450 billion – US$850 billion in the world by 2040.*
Yoshio Kometanirepresentative director, executive vice president and chief digital information officer of Mitsui & Co., Ltd. said : “We are very pleased with the strategic partnership between Mitsui and Quantinuum. By combining Quantinuum’s cutting-edge quantum computing expertise and diverse quantum talents with Mitsui’s extensive business platform and network, we will work together to deliver new value to our customers and create new business value across a wide range of industry fields.”
Ilyas KhanFounder and CEO of Quantinuum said: “The alliance between Mitsui and Quantinuum demonstrates our shared commitment to accelerating quantum computing across all applications and use cases across a wide range of industries, including chemicals, finance and cybersecurity. Today’s announcement reinforces our belief in the global quantum leadership demonstrated by businesses and governments in Japanpioneered by business leaders like Mitsui.”
Details of the strategic partnership
Joint development of use cases and business models using quantum computing (pharmaceuticals, materials development, energy, mobility, logistics, etc.)
Market development through the dissemination and sharing of knowledge in quantum computing
Introduction of Quantinuum’s quantum computing solutions to the Japanese and Asia Pacific markets
Areas of collaboration and applications
Quantum computational chemistry (pharmaceutical, chemical, energy industry, etc.)
Various optimization applications using quantum computers
Quantum natural language processing and artificial intelligence
Quantinuum’s recent achievements
In December 2021announced Quantum Origin, the world’s first commercial cybersecurity product that uses a quantum computer to do something impossible on a conventional machine.
In May 2022, launched InQuanto, a cutting-edge quantum computational chemistry software platform using quantum computers. Quantinuum announced a collaboration with Mitsui in the field.
In August 2022Quantinuum has succeeded for the first time in entangling two logical qubits in a fault-tolerant quantum circuit using real-time quantum error correction, an important step towards achieving a fully fault-tolerant quantum computer.
In September 2022Quantinuum has announced the achievement of QV8192, the world’s highest quantum volume in the Model H-1 closed ion trap quantum computing system, powered by Honeywell.
Additionally, TKET, Quantinuum’s quantum compiler (a free open-source software development kit), surpassed 500,000 downloads in 2022.
About Mitsui & Co., Ltd.
Location: 1-2-1 Otemachi, Chiyoda-ku, Tokyo
Representing: Kenichi Horipresident and managing director
Mitsui & Co., Ltd. (8031: JP) is a global trading and investment company with a diversified business portfolio that spans approximately 63 countries in Asia, EuropeNorth, Center & South AmericaThe Middle East, Africa and Oceania.
Mitsui has approximately 5,500 employees and deploys talent worldwide to identify, develop and grow businesses in collaboration with a global network of trusted partners. Mitsui has built a strong and diversified core business portfolio spanning the mineral and metal resources, power, machinery and infrastructure, and chemicals industries.
Leveraging its strengths, Mitsui has further diversified beyond its core profit pillars to create multifaceted value in new areas including innovative energy solutions, health and nutrition and by strategically focusing on markets growing Asians. This strategy aims to generate growth opportunities by harnessing some of the key global megatrends: sustainability, health and wellness, digitalization and growing consumer power.
Mitsui has a long heritage in Asiawhere it has established a diverse and strategic portfolio of businesses and partners that gives it a strong differentiating advantage, provides exceptional access to all global partners in the world’s fastest growing region and strengthens its international portfolio.
For more information on Mitsui & Co’s business, visit https://www.mitsui.com/jp/en/index.html
Location: Cambridge, United Kingdom, Broomfield, ColoradoUNITED STATES
Established: December 2021 (via the merger of Honeywell Quantum Solutions (US) and Cambridge Quantum Computing (UK))
Representing: Ilyas KhanCEO; Tony Uttleychief operating officer; Shuya KekkeCEO and Managing Director, Japan
Quantinuum is one of the world’s largest integrated quantum computing companies, formed by the combination of cutting-edge hardware from Honeywell Quantum Solutions and cutting-edge middleware and applications from Cambridge Quantum. Science-led and business-focused, Quantinuum accelerates quantum computing and application development in chemistry, cybersecurity, finance and optimization. Its goal is to create scalable and commercial quantum solutions to solve the world’s most pressing problems in areas such as energy, logistics, climate change and health. The company employs more than 480 people, including 350 scientists, at nine sites across United States, Europeand Japan.
Main selected customers (in Japan): Nippon Steel Corporation, JSR Corporation
SOURCE Quantinuum LLC