Xanadu Targets More Than 1,000 Logical Qubits by 2031

Insider Brief

• Xanadu has outlined an updated technology roadmap targeting fault-tolerant quantum computing by 2028–2029 and more than 1,000 logical qubits by 2031.
• The roadmap targets reducing the company’s photon-loss indicator from 24.1x in 2026 to 1.0x by 2030 while improving logical error rates to 10⁻¹⁶.
• Xanadu also plans to build a quantum data center in 2029–2030 and expand its PennyLane software platform across quantum hardware and simulation environments.

PRESS RELEASE – Xanadu Quantum Technologies Limited (“Xanadu” or the “Company”) (NASDAQ: XNDU) (TSX: XNDU), a leading photonic quantum computing company, will host its Technology Roadmap Presentation today at 1:00 p.m. ET, featuring presentations from members of its executive and technical leadership team on the Company’s technology roadmap and path to commercial utility-scale quantum computing.

A live webcast and accompanying presentation materials will be available through the Company’s investor relations website at investors.xanadu.ai, with a replay available following the event.

In connection with the event, Xanadu is providing an expanded, milestone driven technology roadmap reflecting progress across its photonic quantum computing architecture and PennyLane software platform.