Waterloo, Ontario--(Newsfile Corp. - April 23, 2026) - QuantumCore Inc. (CSE: QNCR) ("QuantumCore" or the "Company") today announced a deepened collaboration with the Institute for Quantum Computing (IQC) at the University of Waterloo, alongside its inclusion as an industry partner in the Natural Sciences and Engineering Research Council of Canada's ("NSERC") Alliance Quantum grant program with a total value of up to $1.7 million. The funding is non-dilutive, enabling QuantumCore to accelerate development of its superconducting traveling-wave parametric amplifier (TWPA) platform.

Through its collaboration with IQC and NSERC, QuantumCore gains access to a world-class quantum ecosystem, including the laboratories of Prof. Christopher Wilson, advanced cryogenic measurement infrastructure, and the University's Quantum-Nano Fabrication and Characterization Facility (QNFCF). These capabilities are expected to significantly enhance the Company's ability to design, fabricate, and test next-generation quantum amplifier technologies.

The NSERC Alliance Quantum-supported initiative focuses on the development of high-performance TWPA amplifiers, a critical component for scaling superconducting quantum computers. These amplifiers enable low-noise signal readout at ultra-low temperatures, improving qubit fidelity while minimizing thermal disruption, one of the central roadblocks in quantum computing architectures.

"This collaboration places QuantumCore at the intersection of cutting-edge academic research and industrial-scale commercialization," said Eugene Profis, Chief Executive Officer of QuantumCore. "Access to IQC's infrastructure and Professor Wilson's lab through the NSERC Alliance Quantum Grant provides a powerful platform to advance our amplifier technology. The non-dilutive NSERC funding also allows us to accelerate development without impacting shareholder value."

The Company's inclusion in the NSERC Alliance Quantum program reflects the strategic importance of its amplifier platform within Canada's broader quantum innovation agenda. By combining academic expertise with industry execution, QuantumCore is positioning itself as a key infrastructure provider in the rapidly evolving quantum computing sector.

QuantumCore's amplifier roadmap is designed to support the scaling of superconducting quantum systems, where maintaining signal integrity and minimizing heat at cryogenic temperatures are essential. As quantum processors evolve toward larger qubit counts, enabling technologies such as TWPAs are expected to play a foundational role in unlocking performance and commercial viability.

About QuantumCore Ltd.

QuantumCore is focused on becoming a dedicated hardware partner to the global quantum computing industry, designing and building advanced microchip sets engineered for cryogenic and superconducting environments. With quantum computing roadmaps accelerating and the world's leading quantum companies facing critical bottlenecks in signal fidelity, noise reduction, and ultra-low-temperature control, QuantumCore will provide the enabling "picks-and-shovels" hardware required to unlock the next stage of scalable quantum systems. Its specialized cryogenic signal-processing chips are designed to improve qubit performance, enhance readout accuracy, and reduce thermal interference, allowing quantum hardware manufacturers to move faster, reach higher qubit counts, and achieve more stable, commercially viable quantum computers. As a purpose-built engineering partner, QuantumCore will support the industry's transition from laboratory prototypes to real-world quantum machines.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws including, but not limited to, statements about the Company's strategies, expectations, planned operations or future actions. Often, but not always, these forward-looking information can be identified by the use of words such as "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "planned", "reflecting", "will", "containing", "remaining", "to be", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the forward-looking information, including those factors discussed under "Risk Factors" in the Listing Statement of the Company dated March 31, 2026, which is available under the Company's issuer profile on SEDAR+ at www.sedarplus.ca. These factors should be considered carefully and readers should not place undue reliance on the forward-looking information. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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