Mr. Eugene Profis reports

QUANTUMCORE ANNOUNCES AVALANCHE PHOTONIQ'S FURTHER EXPANDING COMMERCIALIZATION ROADMAP FOR DETECTOR PLATFORM

Quantumcore Ltd. has introduced the planned commercialization road map for Avalanche PhotoniQ, which as previously announced on May 19, 2026, the company has entered into an agreement to acquire, subject to the satisfaction of customary closing conditions. Upon completion of the acquisition, Avalanche PhotoniQ will operate as a division of Quantumcore, focused on the development and manufacturing of its proprietary metasurface detector (SPD) technology.

The road map begins with the fabrication of 100 high performance detectors at the quantum and nanotechnology fabrication and characterization facility (QNFCF) and the National Research Council Canada. These initial units are expected to support customer evaluation programs and would represent the first commercial production of Avalanche PhotoniQ's technology.

The company expects commercialization activities to commence in the coming months as customer qualification programs begin.

Based on an anticipated selling price of approximately $20,000 (U.S.) per detector, the initial production of 100 detectors has the potential to generate revenue over the next 12 months while establishing the foundation for larger-scale commercial deployments.

"Our road map represents an important milestone as Avalanche PhotoniQ transitions from research and development to commercialization," said Eugene Profis, chief executive officer of Quantumcore. "The initial production of 100 units is intended to validate the manufacturing process, support customer qualification activities and position the company for future production at significantly greater scale."

In parallel with initial production, and subject to the completion of the proposed acquisition, Quantumcore plans to transition to wafer fabrication runs and foundry process optimization at the Canadian photonics fabrication centre in Ottawa. These activities are designed to refine manufacturing processes, improve production yields and establish a scalable manufacturing platform capable of supporting growing demand from the global advanced computing industry.

Potential customers for the company's single-photon detector platform include developers of photonic quantum computers, neutral atom quantum computing systems, quantum networking and quantum communication companies, government research laboratories, national laboratories, universities, and advanced sensing organizations. While many quantum computers operate at cryogenic temperatures, room-temperature single-photon detectors play a critical role in photonic quantum computing architectures, and quantum communication systems by detecting and measuring individual photons with exceptional speed and precision. They are also used extensively in quantum networking, quantum key distribution, lidar, fluorescence microscopy, semiconductor testing and scientific instrumentation. As quantum computing road maps advance toward larger and more capable systems, demand for high performance, scalable single-photon detectors is expected to grow significantly, positioning Quantumcore to address an expanding global market.

As computing road maps advance toward larger and more capable systems, the company intends to continue investing in the evolution of the detector platform. Future development efforts would focus on improving performance, scalability, manufacturability and integration to meet the increasing requirements of photonic computing, neutral atom systems, networking, communications and advanced sensing applications.

Quantumcore believes high performance detectors will become an increasingly important component of future infrastructure as the industry moves toward fault-tolerant systems and large-scale networks.

The Avalanche PhotoniQ road map is expected to complement Quantumcore's broader strategy of supplying critical infrastructure technologies for the industry, alongside its superconducting KI-TWPA amplifiers, positioning the company to participate across multiple high-growth segments of the rapidly expanding computing ecosystem.

About Avalanche PhotoniQ

Avalanche PhotoniQ, which Quantumcore has entered into a definitive agreement to acquire (subject to customary closing conditions), develops advanced metasurface-based detector technologies for computing, communications, networking and sensing. Avalanche PhotoniQ's technology is designed to deliver high detection efficiency, precise timing performance and scalable semiconductor manufacturing.

About Quantumcore Ltd.

Quantumcore is developing enabling hardware technologies for the computing industry. The company's current portfolio includes superconducting amplifiers, and upon completion of the proposed acquisition of Avalanche PhotoniQ, would be expanded to include advanced photonic components designed to address critical performance and scalability challenges as systems evolve toward commercial deployment.

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