mypr2uSingapore
Friday, 19 June 2026
Defiance Launches SPCU, Delivering 2X Long Exposure to SpaceX in Its First Full Week of Trading
SpaceX priced its initial public offering at $135 per share and began trading on the Nasdaq on Friday, June 12, under the ticker SPCX. At that price, the company was valued at approximately $1.77 trillion, which according to reports ranks as the largest U.S. IPO in history by debut market value.
SPCU is purpose-built for active traders seeking magnified, short-term exposure to SpaceX. The Fund obtains its exposure primarily through swap agreements and/or listed options contracts rather than by holding SpaceX shares directly, allowing traders to express a high-conviction, tactical view on SpaceX in a single exchange-listed ticker, without a margin account and without managing options positions.
SPCU joins the Defiance Daily 2X Space ETF (Cboe: SPCL), which established 2X daily leveraged exposure to SpaceX on SpaceX's IPO date. On that date, SPCL's leveraged exposure was tied exclusively to SpaceX, although the Fund will hold other investments in accordance with its investment strategy and prospectus disclosures. SPCU further expands Defiance's lineup of leveraged products linked to SpaceX.
For full fund details, the prospectus, holdings, and performance current to the most recent month-end, visit defianceetfs.com/spcu or call 833.333.9383.
The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the performance of Space Exploration Technologies Corp. (the “Underlying Security”) and is designed strictly for short-term use. For periods longer than a single day, the Fund’s performance will be the result of compounded daily returns, which is very likely to differ from 200% of the return of SpaceX over the same period. It is possible that investors could lose their entire principal within a single trading day.
An investment in the Fund is not a direct investment in SpaceX.
About Defiance ETFs
Founded in 2018, Defiance is a leading ETF issuer specializing in thematic, income, and leveraged ETFs. Our first-mover leveraged single-stock ETFs empower investors to take amplified positions in high-growth companies, providing precise leverage exposure without the need to open a margin account.
Media Contact: Sylvia Jablonski | info@defianceetfs.com | 833.333.9383
IMPORTANT DISCLOSURES
Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).
The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and/or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383.
Investing involves risk. Principal loss is possible. As an ETF, the Fund may trade at a premium or discount to its net asset value (“NAV”). Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions and bid-ask spreads will reduce returns. A portfolio concentrated in a single theme or industry may be subject to a higher degree of risk. There is no guarantee the Fund’s strategy will be successful, and an investor may lose some or all of their investment.
Leveraged Investment Risk. The Fund seeks daily investment results that correspond to two times (2X) the performance of its underlying portfolio. The use of leverage magnifies both gains and losses. As a result, the Fund may experience significant losses over short periods of time, including the potential loss of the entire investment within a single trading day. If the Target Portfolio’s market value decreases by more than 50% on a given trading day, the Fund’s investors could lose all of their money. The Fund may also be subject to the following risks:
Daily Reset and Compounding Risk. The Fund is designed to achieve its stated investment objective on a daily basis. Due to the effects of compounding, the Fund’s returns over periods longer than one trading day will likely differ, and may differ significantly, from 200% of the performance of its underlying portfolio for the same period. This effect is more pronounced in volatile markets.
Short-Term Trading Risk. The Fund is intended for short-term trading and is not designed for long-term investment. Investors who hold shares for periods longer than a single trading day may experience returns that are substantially different from the Fund’s stated objective. The Fund requires active monitoring and management.
Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective, and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from two times (200%) the Target Portfolio’s performance, before fees and expenses. The Fund will lose money if the Target Portfolio’s performance is flat over time, and it is possible that the Fund will lose money even if the Target Portfolio’s market value increases over a period longer than a single day. Due to daily rebalancing and the effects of compounding, the volatility of the Target Portfolio may affect the Fund’s return as much as, or more than, the Target Portfolio’s actual return. The impact of compounding will affect each shareholder differently depending on the period of time an investment in the Fund is held and the volatility of the Target Portfolio during that holding period.
Derivatives Risk. The Fund utilizes derivatives, including swap agreements and options contracts, to achieve its investment objective. Derivatives involve risks different from, and potentially greater than, those associated with direct investments in securities. These risks include increased volatility, imperfect correlation, liquidity constraints, valuation complexity, and the potential for losses exceeding the amount initially invested.
Counterparty Risk. The Fund is subject to counterparty risk through its use of derivatives. If a counterparty to a swap or other derivative instrument fails to meet its contractual obligations, the Fund may experience losses, delays in recovery, or reduced exposure.
Space Investing Risks. The Fund concentrates its exposure in companies involved in the space economy, including satellite communications, launch services, and space-enabled technologies. Companies involved in the design, manufacture, or launch of spacecraft, launch vehicles, or related systems face significant risks associated with launch failures, deployment malfunctions, mission delays, and cost overruns; space launches are inherently complex and costly, and failures may result in total loss of spacecraft or payloads, substantial financial losses, reputational harm, and increased regulatory scrutiny. Space-related businesses often rely on advanced, emerging, or unproven technologies and may be adversely affected by rapid technological change, engineering challenges, or competitors’ development of superior or lower-cost technologies. The space industry is subject to extensive domestic and international regulation, including licensing requirements, export controls, national security restrictions, environmental regulation, and orbital debris mitigation standards; changes in laws or regulatory interpretations may increase compliance costs, delay operations, or limit deployment of space-based systems. Many space-focused companies depend on governmental or quasi-governmental customers and contracts, and reductions in government budgets, policy changes, or contract terminations could materially affect revenues. Space-based operations are exposed to risks from orbital debris, collisions, congestion in Earth’s orbits, and space weather, any of which may damage satellites or spacecraft and result in service disruptions or complete mission failure. Many space-focused companies may have limited operating histories, depend on a narrow set of products or services, or rely on a small number of customers or missions. The Fund may have exposure to foreign issuers, including through ADRs, which can involve political instability, geopolitical tensions, trade restrictions, sanctions, and currency fluctuations that may disrupt supply chains or impair cross-border collaboration. When the Adviser determines there are insufficient Space Companies to meet the Fund’s investment criteria, the Fund may obtain exposure to secondary space technology companies that support or enable space-related activities, which may be less directly exposed to the growth of the space economy and may be more sensitive to broader industry or market risks. The space industry is emerging and may experience higher volatility and uncertainty than more established industries.
Industry Concentration Risk. Because the Fund focuses on a specific theme and industry group, it may be more susceptible to adverse developments affecting that sector than a broadly diversified fund. The Fund will concentrate (i.e., invest 25% or more of its total assets) its investment exposure to companies in the space industry and in industries that develop, deploy, or operate space-related technologies and services.
IPO, SPAC, and De-SPAC Risk. The Fund may invest, including indirectly via derivative instruments, in securities of companies that have recently completed initial public offerings (“IPOs”), special purpose acquisition companies (“SPACs”), or companies that have become publicly traded through business combinations involving SPACs (“de-SPAC transactions”). These securities may be less seasoned, lack a meaningful trading history, have limited public information and research coverage, and involve risks similar to those of venture capital or other private equity investments. Their prices may be volatile, subject to speculative trading, and susceptible to rapid and substantial declines in value. SPACs are shell or blank check companies that raise capital in an IPO for the purpose of completing a business combination with a private operating company; there is no guarantee that a SPAC will complete a business combination or that any completed transaction will be successful. Conflicts of interest may arise among a SPAC’s sponsors, affiliates, officers, directors, or promoters and unaffiliated security holders.
Swap Agreements. The use of swap transactions is a highly specialized activity, which involves investment techniques and risks different from those associated with ordinary portfolio securities transactions. Whether the Fund will be successful in using swap agreements to achieve its investment goal depends on the ability of the Adviser to structure such swap agreements in accordance with the Fund’s investment objective and to identify counterparties for those swap agreements.
Non-Diversification Risk. The Fund is classified as non-diversified, which means it may invest a larger percentage of its assets in a smaller number of issuers. As a result, the Fund’s performance may be more volatile and more sensitive to the performance of individual holdings.
Equity Securities Risk. Investments in equity securities are subject to market risk, including the potential for significant price fluctuations due to company-specific events, broader market conditions, economic developments, and changes in investor sentiment.
Foreign and ADR Risk. To the extent the Fund has exposure to foreign issuers or American Depositary Receipts (ADRs), it may be subject to additional risks, including currency fluctuations, political and economic instability, differing regulatory standards, and reduced liquidity.
Small- and Mid-Capitalization Risk. The Fund may invest in small- and mid-cap companies, which may be more volatile, less liquid, and more sensitive to economic changes than larger companies.
Liquidity Risk. In certain market conditions, the Fund’s investments or derivative instruments may become less liquid, making it difficult to adjust exposure or achieve the desired investment objective. Reduced liquidity may also lead to wider bid-ask spreads for Fund shares.
Rebalancing Risk. The Fund seeks to rebalance its exposure daily to maintain its target leverage. If the Fund is unable to rebalance effectively due to market disruptions, liquidity constraints, or operational issues, its exposure may deviate from its intended objective.
Tracking and Correlation Risk. There is no guarantee that the Fund will achieve a high degree of correlation to 200% of the daily performance of its underlying portfolio. Market volatility, fees, transaction costs, and derivative pricing may cause performance to deviate from expectations.
High Portfolio Turnover Risk. The Fund’s strategy involves frequent trading and daily rebalancing, which may result in high portfolio turnover, increased transaction costs, and potentially higher taxable distributions.
Tax Risk. The Fund intends to qualify for favorable tax treatment as a regulated investment company (RIC), but there is no guarantee it will do so. Distributions may be taxable as ordinary income, capital gains, or a combination of both.
New Fund Risk. The Fund is recently organized and has limited operating history. As a result, there is limited performance history for investors to evaluate.
Market and Economic Risk. The value of the Fund’s investments may decline due to general market conditions, economic trends, geopolitical events, interest rate changes, inflation, or other external factors beyond the control of the Fund.
Brokerage commissions may be charged on trades.
Distributed by Foreside Fund Services, LLC.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/623c9438-6e10-4373-bc05-a6ae8c312daf
SOURCE: Defiance ETFs
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Thursday, 18 June 2026
Bitget Launches Community Product Officer Program With Up to 3,000 USDT in Rewards
Running from June 15 to June 26, the first phase of the program encourages participants to contribute product suggestions, experience reports, strategy-sharing content, and feature feedback. Contributions will be evaluated based on originality, product value, practical insights, and potential impact on the user experience.
Participants will compete for a range of rewards, including three Star Product Experience Officer awards worth between 1,000 and 3,000 USDT each. Additional prizes include Best Product Ideas awards worth 100 USDT each, Best Product Experience Report awards worth 50 USDT each, and Best Strategy Sharing awards worth 20 USDT each. Community participants will also be eligible for random airdrops, merchandise and contribution rewards throughout the campaign.
“Some of the best product ideas come from the people using the platform every day because they’re the ones experiencing the friction firsthand,” said Gracy Chen, CEO of Bitget. “Crypto has always been built on participation, and some of the strongest products in this industry are shaped through open dialogue with the community. The Community Product Officer Program creates a direct channel for users to share ideas, challenge assumptions and be part of building a better platform together.”
Beyond cash rewards, the initiative creates a long term pathway for community members to contribute directly to Bitget’s product evolution. Through Bitget Fan Club, the company has already seen how engaged users can help strengthen communities, surface valuable feedback and improve the user experience. The Community Product Officer Program builds on that foundation by creating a closer connection between users and product teams, giving contributors greater opportunities to shape the features and tools they want to see on the platform.
The launch reflects Bitget’s continued focus on community-led innovation as the platform expands across crypto, tokenized assets, equities, commodities, AI-powered trading tools, and multi-asset services. By opening more of the product development process to users, Bitget aims to strengthen the connection between product builders and the communities they serve.
The Bitget Community Product Officer Program is now open to eligible participants worldwide.
To become a Community Product Officer, visit here, learn more about the program here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/02d967cb-2f38-4fdb-83f7-5e2d5b5abcc7
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
RUBICON CARBON OPENS SINGAPORE OFFICE TO SCALE ASIA CARBON MARKETS
In a statement, Rubicon Carbon Chief Executive Officer, Tom Montag said Asia is emerging as a key growth market for carbon trading, driven by increasing corporate demand, policy development and investment activity.
He added that establishing a presence in Singapore would bring the company closer to regional partners and opportunities.
The Singapore office will serve as the company's regional hub for engaging corporate buyers, project developers, governments, investors and other market participants. It will also support efforts to originate and manage carbon projects, structure offtake and financing arrangements, and help translate growing corporate demand into project delivery.
The move strengthens Rubicon Carbon's involvement in the Action for a Resilient Climate (ARC) Coalition, an industry-led, multi-sector initiative launched at the GenZero Climate Summit to aggregate demand for high-integrity carbon credits from corporates and financial institutions.
Rubicon Carbon said it has supported the coalition's development and is working with partners on a blended-finance facility aimed at accelerating investment in scalable climate projects. The initiative supports ARC's goal of procuring at least 10 million tonnes of carbon credits by 2030.
The company has also appointed Flora Ji, former Vice President of Nature-Based Solutions at Shell, as Head of Asia and Head of Asset Management. She will lead Rubicon Carbon's expansion across Asia while overseeing asset management for its global portfolio of carbon projects.
Ji said Asia would play a pivotal role in global climate action in the coming decades and described Singapore as an important hub for carbon markets, finance and regional partnerships.
She said the company aims to work with buyers, investors, project developers and governments to expand financing and delivery solutions for high-quality climate projects.
-- BERNAMA
SpaceX Goes Public: SPCX Now Available to Trade Following Historic Nasdaq Debut
The debut placed SpaceX among the most valuable listed companies in the world from its first session. For traders, it is the first time public-market access has been available to a business that stayed private for more than two decades while building leading positions in launch services, the Starlink satellite network and, since its February 2026 acquisition of xAI.
Same-Day Access to a Landmark Listing
The newly introduced CFD is seamlessly integrated into existing EBC trading infrastructure, eliminating the requirement for distinct onboarding, capital allocations, or minimum subscription thresholds. Both the Standard and Professional accounts carry the instrument, each with its own pricing and execution profile. Traders at different stages, from lower-capital investors to seasoned professionals, can therefore choose the account that suits how they trade.
Trading on Your Own View
EBC supports two-way trading on SpaceX. Bulls can take a long position if they believe Starlink’s recurring revenue, SpaceX’s launch-cost advantage and its NASA and defence contract revenue justify the valuation, while traders may take a short position if they view the pricing as stretched against the capital intensity of the aerospace business and the drawdown risk facing new investors.
Limited-Time Zero Commission on US Stocks
Alongside the listing, EBC is running a limited-time zero-commission offer on US stock and ETF trading, valid from 12 June to 11 September 2026. With commission waived and zero-swap fees on the instrument, the trading costs will reduce significantly, potentially reducing trading costs for clients amid tech IPO boom. This promotion is available only to clients who open an account under EBC Financial Group (SVG) LLC.
A Defining Market Event
SpaceX enters public markets as a vertically integrated group spanning rockets, satellites and, through xAI, artificial intelligence. In its IPO filing, the company set out a stated total addressable market of about US$28.5 trillion, most of it tied to AI and enterprise applications, an ambition some analysts have questioned given how early the company is in those areas. For EBC clients, the practical point is simpler: a company at the centre of that debate is now something they can trade directly, and form their own view on, from within their existing account.
SPCX.OQ is live on EBC platforms. For more information, please visit the EBC Financial Group website at www.ebc.com.
Risk Disclaimer
Trading foreign exchange (FX) and contracts for differences (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Losses can exceed deposits. Past performance does not guarantee future results. Please consider your investment objectives and risk tolerance carefully before trading.
About EBC Financial Group
Founded in London, EBC Financial Group (EBC) is a global brand known for its expertise in financial brokerage and asset management. Through its regulated entities operating across major financial jurisdictions—including the UK, Australia, the Cayman Islands, Mauritius, and others—EBC enables retail, professional, and institutional investors to access global markets and trading opportunities, including currencies, commodities, CFDs and more.
Trusted by investors in over 100 countries and honoured with global awards including multiple year recognition from World Finance, EBC is widely regarded as one of the world’s best brokers with titles including Best Trading Platform and Most Trusted Broker. With its strong regulatory standing and commitment to transparency, EBC has also been consistently ranked among the top brokers—trusted for its ability to deliver secure, innovative, and client-first trading solutions across competitive international markets.
EBC’s subsidiaries are licensed and regulated within their respective jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA); EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA); EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC); EBC Financial (MU) Ltd is authorised and regulated by the Financial Services Commission Mauritius (FSC).
At the core of EBC are a team of industry veterans with over 40 years of experience in major financial institutions. Having navigated key economic cycles from the Plaza Accord and 2015 Swiss franc crisis to the market upheavals of the COVID-19 pandemic. We foster a culture where integrity, respect, and client asset security are paramount, ensuring that every investor relationship is handled with the utmost seriousness it deserves.
EBC is a proud official foreign exchange partner of FC Barcelona and continues to drive impactful partnerships to empower communities – namely through the UN Foundation’s United to Beat Malaria initiative, Oxford University’s Department of Economics, and a diverse range of partners to champion initiatives in global health, economics, education, and sustainability.
https://www.ebc.com/
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c9e268f0-38cc-4cf0-bd92-06a5ae03e622
Media Contact:
Aldric Tinker Toyad
Global PR Lead
aldric.tinker@ebc.com
Saiful Shamsudin
Public Relations Executive
saiful.shamsudin@ebc.com
SOURCE: EBC Tech Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Monday, 15 June 2026
MAVENIR RECEIVES GERMANY'S FIRST BSI NESAS CERTIFICATION FOR 5G NETWORK FUNCTION
In a statement, the company said the certification was awarded for its Network Repository Function (NRF), confirming that the product meets security requirements for use as a critical component in public telecommunications networks in Germany.
Mavenir Senior Vice President, Operations, Omar Shahdad said the certification demonstrates the company's commitment to meeting stringent national cybersecurity requirements for 5G software and network infrastructure.
Meanwhile, Federal Office for Information Security (BSI) Head of Certification, Fabian Hodouschek said the certification marked an important step in strengthening the cybersecurity of Germany's mobile telecommunications networks.
He said the certification confirms that Mavenir's Network Repository Function, including its development and lifecycle processes, complies with the standards of the internationally recognised NESAS security framework.
According to Mavenir, the milestone follows the implementation of mandatory BSI NESAS certification requirements under Germany's Telecommunications Act and BSI Act, which took effect on Jan 1, 2026.
The certification was issued by Germany's BSI under the BSI NESAS certification scheme, which builds on the Global System for Mobile Communications Association (GSMA) Network Equipment Security Assurance Scheme (NESAS) framework.
The company said it is continuing certification of its broader Packet Core and IP Multimedia Subsystem (IMS) portfolio, with completion targeted by the third quarter of 2026 to support operators deploying compliant cloud-native network architectures.
-- BERNAMA
Friday, 12 June 2026
SOLUM SHOWCASES SMART RETAIL SOLUTIONS, PARTNERSHIPS IN SOUTHEAST ASIA
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| SOLUM introduced its local partnership models in Singapore (Image: SOLUM) |
KUALA LUMPUR, June 12 (Bernama) -- SOLUM has held its "Singapore Private Show", showcasing smart retail solutions and partnership models tailored to the Southeast Asian market as it seeks to expand its regional presence.
The company said the event brought together retailers and solution providers from sectors including grocery, shopping malls, convenience stores, cosmetics and electronics to explore technologies aimed at improving monetisation, operational efficiency and artificial intelligence (AI)-driven transformation.
According to SOLUM in a statement, the showcase highlighted collaborations with five partners — Huawei APAC, Omnishelf, NStory, elTOV and Broadsign — to support retailers through digitalisation and data-driven services.
SOLUM Singapore Head, Yi Ki Chul said the company has established a collaborative framework combining its operational capabilities with the local data and infrastructure expertise of its partners.
He said proven references are an important competitive factor in the Southeast Asian market and that the company aims to convert proof-of-concept discussions from the event into practical deployments in retail operations.
In the area of monetisation, SOLUM said it is working with Broadsign to help retailers generate new revenue streams through in-store advertising, while collaboration with NStory focuses on data-driven monetisation strategies for the food and beverage and small and medium-sized business segments.
To improve operational efficiency, the company has jointly developed a Bluetooth Low Energy (BLE)-based network environment with Huawei APAC to support Internet of Things (IoT) devices, including Electronic Shelf Labels (ESL), and integrated its platform with Omnishelf to enable real-time shelf inventory digitisation.
SOLUM is also supplying hardware to elTOV to support the development of an AI-powered wayfinding service model for shopping malls and airports, reflecting growing adoption of AI-based visitor engagement services in Southeast Asia.
-- BERNAMA
HORIZON QUANTUM TO LOCATE SECOND QUANTUM COMPUTER IN DUBLIN
KUALA LUMPUR, June 12 (Bernama) -- Horizon Quantum Holdings Ltd (Horizon Quantum), a pioneer of software infrastructure for quantum applications, announced plans to locate its second quantum computer in Dublin, Ireland.
By placing this IonQ 256-qubit system at its European headquarters, Horizon Quantum aims to benefit from Ireland’s growing quantum ecosystem, strong university network, and robust talent pool for deep-tech development across the country and the European Union (EU).
Horizon Quantum in a statement said the installation of the system is expected to represent a significant technology milestone for Ireland, strengthening the country's position in frontier quantum computing.
“Expanding our hardware testbed to Ireland with the addition of a frontier system is a significant step forward for both our company in our mission to unlock broad quantum advantage and for the country in strengthening its quantum ecosystem.
“We are excited to extend our testbed capabilities to include a trapped-ion system by deploying this state-of-the-art quantum computer in Dublin,” said Horizon Quantum Chief Executive Officer and Founder, Dr Joe Fitzsimons.
Meanwhile, Ireland's Minister for Enterprise, Tourism and Employment, Peter Burke said the decision reinforces Ireland's position at the forefront of advanced technologies and reflects the strength of its growing quantum ecosystem, world-class research base and highly skilled workforce.
IonQ's sixth-generation, chip-based 256-qubit trapped-ion system is expected to be among the world's most advanced commercial quantum computers and could be capable of solving complex computational problems.
By integrating this system with its software infrastructure, Horizon Quantum plans to expand support for trapped-ion systems in its integrated development environment, Triple Alpha, and to enhance the real-time runtime capabilities of its execution stack.
To support the establishment and management of the system, Horizon Quantum plans to expand its Ireland-based science and engineering teams and deepen its engagement with the country's quantum ecosystem.
-- BERNAMA

