Horizon Quantum (HQ) investor relations material

Key insights from presentations

• Focused on building software infrastructure to enable developers to leverage quantum computers for solving hard problems, aiming for hardware-agnostic solutions and broad industry applicability.

• Developed a layered programming language stack (Hydrogen, Helium, Beryllium, Carbon) to abstract quantum hardware complexity and enable higher-level programming, with Beryllium as the first object-oriented quantum language.

• Triple Alpha platform extends hardware capabilities, allowing complex quantum applications and supporting features like loops and dynamic memory allocation not natively available on most quantum systems.

• Operating proprietary quantum testbed systems (superconducting and soon trapped ion) to tightly integrate software and hardware, enhancing performance and flexibility.

• Recent partnerships with hardware providers (Alice & Bob, AQT) and acquisition of a 256-qubit IonQ system expected to be operational by 2027.

Announcements and forward-looking statements

• Previewed Beryllium in December and plans to open early access to external users, aiming to build a robust library ecosystem for rapid developer onboarding.

• Integration of the first testbed system with Triple Alpha is underway, with early access for users and installation of a second testbed system planned.

• The new IonQ system is anticipated to be on the cusp of achieving real quantum advantage, potentially marking a significant industry milestone.

• Revenue model centers on usage-based access through APIs and potential operating system deployments, but current focus remains on technology development over near-term revenue.

• Strategy is to automate quantum algorithm development, avoiding consulting-heavy models to accelerate adoption and applicability.

Industry analysis and competitive landscape

• Current quantum programming frameworks (e.g., Qiskit, Cirq) are limited by low abstraction and hardware specificity, making code non-portable and development slow.

• Horizon's approach differs by targeting ideal quantum computers and building abstraction layers, enabling portability and compounding quantum speed-ups.

• The quantum industry is highly fragmented with multiple credible hardware paths; this fragmentation creates an opportunity for a dominant software abstraction layer.

• Major hyperscalers and hardware vendors are developing their own stacks, but Horizon aims to entrench its software by focusing on developer value and hardware-agnosticism.

• Key milestones for the next 6–12 months include expanding early access to Beryllium, integrating testbed systems, and progressing toward demonstrable quantum advantage.