Category Archives: News

Indian Music Industry Faces ₹350 Crore Annual Sync Revenue Loss

Unlicensed Commercial Use Continues to Go Undetected Across Social Platforms

ContentLens Estimates Global Loss at USD 1 Billion Annually

MUMBAI, India, Aug. 12, 2026 /PRNewswire/ — Millions of reels are created every single day across social media platforms in India. The scale of unlicensed commercial use of copyrighted music is staggering. Based on revenue-at-risk assessments conducted with leading labels on the platform, the Indian music industry is estimated to be losing upwards of ₹350 crore annually to unlicensed commercial use of its catalogues. And the labels knew this sync revenue loss was happening.

A year ago, ContentLens gave India’s music labels something they had never had: evidence of who is using their tracks across social media and streaming platforms, complete with timestamps and financial profiling of the infringing entity. The platform’s patent-applied IP Detection Engine goes beyond standard audio matching and manual search methods. It also catches slowed versions, remixes, and unauthorised cover tracks and these manipulations routinely slip through conventional mechanism. Four of India’s leading labels and one international major have been on the platform building their detection capability and recovering their lost sync revenues. Now, ContentLens is closing the loop with a fully managed Enforcement Service i.e. the only platform in the market that takes a music rights violation from identification all the way through to settlement, entirely on the label’s behalf. Two labels have already joined ContentLens for this 360-degree detection-to-settlement enforcement.

One large label’s own internal assessment estimated its annual sync revenue at risk at ₹18 crore from social media infringements alone. Extrapolated across India’s music industry using the revenue market share logic, the total exposure runs upwards of ₹350 crore (approximately USD 40 million) every year.

Globally, the problem is far larger. The recorded music industry is valued at USD 31 billion. Applying conservative market share and licensing-awareness adjustments, ContentLens estimates the global sync revenue loss from unlicensed social media usage at approximately USD 1 billion annually, a largely invisible leak that no label, anywhere, has had the tools to address until now.

In their own words:

“Detection without enforcement is just a filing cabinet. We spent the last year proving our technology works at scale. Across the top 100 songs a label gives us, we detect 80-100 infringing videos every month, 98% of them clearly unlicensed. Today we are closing the loop i.e. from formal notices to negotiations and settlements, entirely managed by ContentLens on the label’s behalf. Zero burden on the label’s team. The music industry finally has a platform that does not just watch. It acts.”

–  Rohan Sahu, Founder & CEO, ContentLens

“Every label head I speak to knows their music is being used without permission. Nobody had a way to prove it, quantify it, or act on it. ContentLens has spent the last year doing exactly that with five leading labels. The data points speak for themselves: ₹350 crore in India, USD 1 billion globally – sync revenue that the industry has been leaving on the table, year after year. Every label can run that math against their own market share and see exactly what they stand to earn.”

–  Hari Nair, Strategic Advisor, ContentLens & Former CEO, Tips Music Limited

Your music is already being used. The only question is whether you are going to get paid for it.

About ContentLens

ContentLens (contentlens.ai) is an AI-powered intellectual property protection platform built for the generative AI era, operating across music IP protection, celebrity likeness and deepfake detection, content provenance (C2PA) and watermarking, and counterfeit detection. Headquartered in Bangalore and backed by the NVIDIA Inception Program and Microsoft for Startups Founders Hub, ContentLens serves music labels, celebrity talent, sports organisations, and enterprise brands seeking to protect their IP at scale.

View original content:https://www.prnewswire.com/in/news-releases/indian-music-industry-faces-350-crore-annual-sync-revenue-loss-302849513.html

BASF Agricultural Solutions invests in new Climate Center at its headquarters to strengthen research capabilities

• State-of-the-art research facility at Limburgerhof site responds to increasing regulatory and research demands
• Purpose-built facility will enable controlled, reproducible ecotoxicology studies to support the registration of crop protection products worldwide
• Investment supports company’s innovation strategy

LIMBURGERHOF, Germany, Aug. 12, 2026 /PRNewswire/ — BASF Agricultural Solutions is investing a low double-digit million-euro amount in a new Climate Center at its headquarters in Limburgerhof, Germany. The purpose-built facility will strengthen the company’s research and regulatory capabilities and support the generation of scientific data required for the registration of crop protection products worldwide.

Construction of the Climate Center has already started and is scheduled to be completed in the first half of 2027. Once operational, the facility will house state-of-the-art climate chambers designed to provide precisely controlled environmental conditions for scientific studies. The investment responds to increasing regulatory requirements and rising demand for high-quality, Good Laboratory Practice (GLP)-compliant ecotoxicology studies.

“The new Climate Center is much more than a research facility. It is a strategic investment that supports our ambition to combine world-class research with enhanced regulatory capabilities,” said Melanie Bausen-Wiens, Member of the Management Board of BASF Agricultural Solutions in charge of Technology. “This will enable us to bring innovative solutions to the farmers more efficiently, responsibly and in line with evolving regulatory requirements.”

The new Climate Center will provide highly controlled conditions for ecotoxicology studies. By precisely regulating factors such as temperature, humidity and light, the facility will enable reproducible and scientifically robust studies while enhancing planning reliability, data quality and capacity for a growing volume of studies.

Some of the climate chambers will be dedicated to insecticide research activities. Controlled environmental conditions are essential for producing insect populations used in early-stage screening and discovery programs, helping to advance future crop protection innovations.

The investment underscores BASF Agricultural Solutions’ long-term commitment to the Agricultural Center in Limburgerhof as one of its key global hubs for agricultural innovation. Expanding the site’s infrastructure will further strengthen its scientific capabilities, its competitiveness, as well as attract future talent.

About BASF Agricultural Solutions

Everything we do, we do for the love of farming. Farming is fundamental to provide sufficient and affordable food for a rapidly growing population, while reducing environmental impacts. That’s why we are working with partners and experts to integrate sustainability criteria into all business decisions. With €990 million in 2025, we invest in a strong R&D pipeline, and our solutions are purpose-designed for different crop systems. Connecting seeds and traits, crop protection products, digital tools and sustainability approaches, to help deliver the best possible outcomes for farmers, growers and stakeholders along the value chain. In 2025, our business generated sales of €9.6 billion. For more information, please visit www.agriculture.basf.com or our social media channels.

About BASF

At BASF, we create chemistry for a sustainable future. Our ambition: We want to be the preferred chemical company to enable our customers’ green transformation. We combine economic success with environmental protection and social responsibility. Around 95,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises, as core businesses, the segments Chemicals, Materials, Industrial Solutions, and Nutrition & Care; our standalone businesses are bundled in the segments Surface Technologies and Agricultural Solutions. BASF generated sales of around €60 billion in 2025. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/basf-agricultural-solutions-invests-in-new-climate-center-at-its-headquarters-to-strengthen-research-capabilities-302849378.html

Introducing Oticon Reveal™ – the world’s first hearing aid powered by Dual AI

From only words to a richer world of sound

SMØRUM, Denmark, Aug. 12, 2026 /PRNewswire/ — Today, Oticon launches Oticon Reveal™, the world’s first hearing aid powered by Dual AI, delivering crystal-clear speech and meaningful sounds in optimal balance, bringing hearing aid users closer to a natural hearing experience. 

Built on Oticon’s latest BrainHearing™ insights, Oticon Reveal features a groundbreaking Dual AI system comprising two dedicated AI systems working together in real time: one with industry-leading access to speech,^{1, 2} while the other preserves meaningful contextual sounds.³ The new Speech AI provides crystal-clear speech by continuously identifying and enhancing speech from people around the user, while Context AI recognises and balances surrounding contextual sounds. As a result, Oticon Reveal delivers a 60% stronger brain response,⁴ thanks to the world’s best combination of fastest and most precise AI sound processing.⁵

What makes Oticon Reveal truly unique is that its Dual AI system is always on, all day, across all listening environments in real time, without compromising battery life, comfort, size, or discretion. Until now, the majority of the hearing aid industry has prioritised speech by utilising aggressive AI noise reduction. This one-sided, speech-only AI approach not only goes against how the brain makes sense of sound, but also what users need and want.

“We’ve been leading the development of AI and innovation in hearing care for years. With our new Dual AI system, we’re again setting a benchmark in the industry by taking a decisive step forward in how technology supports the brain in making sense of sound,” says Anja Nagel L’harraki, Senior Vice President, Global Marketing at Oticon.

Oticon Reveal is powered by the new Reveal AI™ platform and also introduces a new connectivity platform offering enhanced signal strength, and our best-ever streaming stability and range for hands-free calls and audio streaming.⁶ The platform supports Bluetooth® LE Audio and Auracast™ broadcast technology, delivering a seamless and reliable listening experience with power that lasts all day.⁷

For more information visit Oticon.global.

References

1. Denker (2026).
2. Compared to top 3 competitors.
3. Man & With (2026).
4. Zapata-Rodríguez et al. (2026).
5. Internal documentation comparing Oticon Reveal to competitors.
6. Brændgaard & Wassard (2026).
7. Rechargeable battery performance varies based on usage.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/introducing-oticon-reveal–the-worlds-first-hearing-aid-powered-by-dual-ai-302848476.html

Sentosa Development Corporation’s bold vision for Greater Sentosa: Plans for new icons, reimagined beaches and game-changing attractions envisioned to redefine how Singaporeans play, relax, and bond

• Greater Sentosa Master Plan (GSMP) will bring Brani under Sentosa’s fold, unlocking new spaces for next-generation experiences, attractions and hotels.
• New iconic landmarks including Imbiah Canopy, Imbiah Lookout Walk and Sensorium intended to strengthen Sentosa’s appeal as Singapore’s island playground and sanctuary in a global city.
• Sentosa’s beaches and coastline will be reimagined with a unique islet-hopping experience and new beach club concepts centred around sunrise and sunset views, incorporating coastal protection measures.
• Enhanced land, air, sea and waterfront links, including the envisioned Island Heart Transport Hub and new People Mover System, will improve access to and within Greater Sentosa.
• Roving ‘Your Island. Reimagined.’ Greater Sentosa exhibition invites Singaporeans to experience and help shape the future of Greater Sentosa.

SINGAPORE, Aug. 12, 2026 /PRNewswire/ — Sentosa Development Corporation (SDC) today unveiled the next chapter of the Greater Sentosa Master Plan (GSMP), a bold, long-term transformation that will integrate Sentosa with Brani and progressively expand Singapore’s island playground and sanctuary over the next two decades. This vision, along with landmark concepts, were shared for the first time at the opening of the Your Island. Reimagined. exhibition at VivoCity, inviting Singaporeans to experience and help shape the next chapter of an island that has been part of the nation’s shared memories for more than five decades.

Comprising Sentosa and the 120-hectare Brani, Greater Sentosa is expected to unlock new spaces for hotels, attractions and experiences while retaining the island’s charm and natural elements. When completed, Greater Sentosa is projected to attract twice as many visitors as it does today^[1].

“For more than five decades, Sentosa has welcomed generations of Singaporeans and visitors from around the world, growing into a place that holds precious memories for many and well-loved by all. It is, in many ways, a global Singapore brand,” said Thien Kwee Eng, Chief Executive Officer of Sentosa Development Corporation. “The GSMP is the greatest transformation in our history. We will stay true to the soul and identity of this island, while shaping the next generation of world-class experiences. Before any of it is built, we wanted to share this vision openly, invite Singaporeans to step inside it and shape it together.”

Anchored on the vision of Sentosa as Singapore’s “Island Playground and Sanctuary in a Global City”, the GSMP intends to bring together new iconic landmarks, reimagined beaches and coastlines, nature-centric growth, and enhanced connectivity to create more compelling reasons for Singaporeans and visitors to return across different times of the day and seasons of life.

This builds on SDC’s longstanding mandate to develop, manage and promote Sentosa as a leisure island destination for Singaporeans and visitors. Over the decades, Sentosa has grown into a well-loved playground, known for its beaches, attractions, resorts and lifestyle experiences, while remaining a nature-centric island at its heart. With the GSMP, SDC looks to enhance Singapore’s destination appeal and deepen the island’s sanctuary qualities by strengthening its nature, heritage, coastal and green spaces, so that Sentosa continues to be a place where visitors can play, gather, slow down and reconnect.

A bold, long-term transformation for a world-class island destination

The transformation will be implemented progressively, with developments expected to come on board from the early 2030s. This phased approach will allow SDC to unlock new visitor experiences across Greater Sentosa while continuing to evolve the island in line with changing leisure, lifestyle and tourism needs.

A key part of this pipeline is Brani West, intended to be one of the largest sites for attractions development under the GSMP. Engagements with potential partners are underway, supporting the broader ambition to introduce novel and refreshed experiences that strengthen Greater Sentosa’s appeal to both Singaporeans and international visitors.

New iconic landmarks to reinforce Sentosa’s destination appeal

With the GSMP, Sentosa’s destination appeal will be reinforced through new iconic landmarks that bring together play, nature, leisure and discovery. These include the Imbiah Canopy, a beacon and vantage point atop Mount Imbiah, that will house attractions, food and beverage, retail options, sheltered event spaces. A tree-top skywalk is planned to connect new nature-based experiences and trails, providing a comfortable walking experience to Siloso Beach.

This will be complemented by the planned Imbiah Lookout Walk, a sheltered elevated forest canopy walk that will connect Sensoryscape to Imbiah Lookout and provide access to surrounding Sentosa walking trails. New nature-based attractions will also encourage visitors to explore the secondary forests and heritage buildings at Mount Imbiah, with expanded nature and heritage trails planned in later phases to eventually connect to Southern Ridges on the mainland. Together with future plans to link forests across Brani, Serapong and Imbiah into a

continuous green network, Greater Sentosa’s ecological connectivity will be further strengthened, allowing guests to immerse in nature for restoration and well-being.

Along the beachfront, the Sensorium is envisioned as a new icon that will host a range of lifestyle and indoor attractions, including a multi-purpose venue for events and festival activations. Designed with green spaces to enhance thermal comfort and elevate the guest experience, the space will also reflect SDC’s commitment to sustainability.

Guests can also look forward to discovering more upcoming experiences at Resorts World Sentosa. These include the landmark Waterfront Lifestyle Development, scheduled for completion in 2030; and immersive SUPER NINTENDO WORLD^TM at Universal Studios Singapore.

Reimagined beaches and coastlines for new lifestyle experiences

Siloso, Palawan and Tanjong Beach will be rejuvenated alongside the introduction of coastal protection measures, creating new lifestyle developments and multi-use, day-to-night spaces for play, relaxation and community gatherings.

New experiences that play up Sentosa’s natural assets are also being explored, including coastal activities, beach clubs and a floating boardwalk connecting islets. An islet-hopping experience across the 3km stretch of Sentosa’s golden beaches will allow guests to explore islets across Sentosa’s beaches and discover the island’s waters and natural elements up close.

Concepts under study include beach club experiences positioned around scenic sunrise and sunset views, as well as treetop dining, turning the island’s well-loved beachfronts into more vibrant and flexible spaces for different occasions across the day and night.

Enhanced connectivity to and within Greater Sentosa

Connectivity to and within Greater Sentosa is expected to be transformed through enhanced links by land, air, sea and waterfront. The Island Heart Transport Hub is envisioned as a major gateway and key arrival point to Sentosa, linking Sentosa and Brani while providing a seamless way for Singaporeans and visitors to arrive, gather and continue their journey across the island.

A new People Mover System is intended to replace the existing Sentosa Express and provide a more seamless connection from the mainland to Island Heart and across the island, with increased carrying capacity to cater to anticipated growth in visitorship. Together with the Singapore Cable Car, water taxi connections under exploration, and additional waterfront links being studied, the journey to and around Greater Sentosa will become an experience itself for guests.

Balancing growth with sustainability and nature-centric planning

As Greater Sentosa grows, the GSMP will deepen Sentosa’s identity as a nature-centric destination by embedding sustainability, climate resilience, thermal comfort and ecological considerations into its long-term planning. Building on efforts such as Cooling Sentosa, future developments will take a more integrated approach, weaving together greenery, movement routes, green infrastructure and guest experiences to enhance thermal comfort, strengthen ecological connectivity and ensure new experiences are sensitively introduced within Sentosa’s natural setting.

Sensoryscape, the first completed milestone of the GSMP, offers an early example of this approach. Beyond serving as a 350m green connector between Resorts World Sentosa and the island’s beaches, it combines immersive gardens, universal design, all-weather and shaded features, digital experiences and ecological enhancements, including native plantings and a butterfly corridor, to show how infrastructure can support thermal comfort, create richer, more accessible and inclusive guest experiences, and strengthen biodiversity and visitor flow.

This integrated planning approach will guide future developments under the GSMP, with environmental studies and nature group engagements, both completed and planned, informing climate-resilient design, ecological connectivity and the sensitive integration of new experiences with Sentosa’s ridgelines, greenery, coastlines and heritage. Coastal protection measures will help build resilience against erosion and sea level rise while creating opportunities for new waterfront experiences, including coastal trails and an islet-hopping experience.

Public exhibition invites Singaporeans to experience and shape the future

The ‘Your Island. Reimagined.‘ Greater Sentosa exhibition brings the GSMP vision to life through interactive and immersive exhibits that invite visitors to co-create their vision for Greater Sentosa. Through quizzes, shared aspirations and an AI-enabled immersive experience, visitors can personalise a reimagined Greater Sentosa based on their inputs and the ongoing master plan study, exploring possibilities for future shorelines, beaches, ridgelines, waterfronts and purpose-of-visit attractions.

The exhibition features seven immersive zones that help visitors reconnect with Sentosa’s past, rediscover what it offers today and reimagine what it can become. These include zones on the island’s heritage, today’s offerings, future journeys, Island Heart, the ridgeline, expanded beaches and the living vision for Greater Sentosa.

After its flagship run at VivoCity from 3–5 July, the exhibition will travel to Our Tampines Hub from 22–27 July, Jurong Point from 19–23 August and Waterway Point in Punggol from 23–27 September, before returning to Sentosa in October. Admission is free at all locations, with exhibit-exclusive promotions for iconic Sentosa attractions and dining vouchers available for visitors.

For more information, visit https://www.sentosa.com.sg/greatersentosa.

High-resolution images can be downloaded from here. Photos are to be credited to Sentosa Development Corporation.

All visuals associated with the Greater Sentosa Master Plan are artist’s impressions for illustration purposes only and are subject to change.

END

About Sentosa

Sentosa, where discovery never ends, is Asia’s leading leisure destination and Singapore’s premier island resort getaway, located within 15 minutes from the central business and shopping districts. The island resort is managed by Sentosa Development Corporation, which works with various stakeholders in overseeing property investments, attractions development, and operation of the various leisure offerings and management of the residential precinct on the island.

The 500-hectare island resort is home to an exciting array of themed attractions, award-winning spa retreats, lush rainforests, golden sandy beaches, resort accommodations, world-renowned golf courses, a deep-water yachting marina and luxurious residences – making Sentosa a vibrant island resort for business and leisure. Sentosa is also home to Singapore’s first integrated resort, Resorts World Sentosa, which operates Southeast Asia’s first Universal Studios theme park.

Situated on the eastern end of Sentosa Island is Sentosa Cove, an exclusive waterfront residential enclave bustling with more than 2,000 homes, quayside restaurants, retail and specialty shops. The island is also proud to be home to Sentosa Golf Club and its two acclaimed golf courses, The Serapong and The Tanjong. Sentosa Golf Club has hosted a number of high-profile professional and amateur tournaments, including the Singapore Open and HSBC Women’s World Championship, welcoming international star players and world-class golf professionals from across the world.

Welcoming a growing number of local and international guests every year, Sentosa is an integral part of Singapore’s goal to be a global destination to work, live and play. For more information, please visit: www.sentosa.com.sg.

• Facebook: SentosaOfficial
• Instagram: @sentosa_island
• Tiktok: @sentosa_island
• Telegram: @sentosaisland

 #discoversentosa #sentosaisland #wherediscoveryneverends 

About Sentosa Development Corporation

Sentosa Development Corporation (SDC) was established on 1 September 1972 as a Statutory Board under the Ministry of Trade and Industry. As a master planner, its charter since inception has been to oversee the development, management, marketing and promotion of the island of Sentosa as a resort destination for locals and tourists.

SDC wholly owns its subsidiaries Sentosa Cove Resort Management Pte Ltd and Sentosa Golf Club. SDC also owns the Singapore Cable Car Sky Network, managed by Mount Faber Leisure Group Pte Ltd, a wholly owned subsidiary which operates as an autonomous commercial arm.

As a testament to its commitment to sustainability, SDC has been conferred the Global Sustainable Tourism Council – For Destinations (GSTC-D) certificate, making Sentosa the first island destination in Asia to receive this accolade.

ANNEX A: THE NEXT CHAPTER OF THE GREATER SENTOSA MASTER PLAN AT A GLANCE

The Greater Sentosa Master Plan (GSMP) is a bold, long-term transformation that will integrate Sentosa with Brani and progressively expand Singapore’s island playground and sanctuary over the next two decades. Spanning Sentosa and the 120-hectare Brani, Greater Sentosa is expected to unlock new spaces for hotels, attractions, lifestyle experiences, nature-based offerings and public engagement, with developments expected to come on board progressively from the early 2030s.

Key highlights

• New icons and attractions: Imbiah Canopy will form a new beacon and vantage point atop Mount Imbiah, with attractions, food and beverage, retail and sheltered event spaces, while Imbiah Lookout Walk will provide a sheltered elevated forest canopy connection from Sensoryscape to Imbiah Lookout and surrounding trails. Sensorium is envisioned as a new beachfront icon for lifestyle experiences, indoor attractions, events and festival activations, while Brani West is intended to be one of the largest sites for attractions development under the GSMP.

• Reimagined beaches and coastlines: Siloso, Palawan and Tanjong Beach will be rejuvenated alongside coastal protection measures, with new lifestyle developments, multi-use day-to-night spaces, beach club concepts centred around sunrise and sunset views, treetop dining and a floating boardwalk connecting islets.

• Nature-centric growth: Future development will be guided by an integrated planning approach that embeds sustainability, climate resilience, thermal comfort, guest experience, accessibility and ecological considerations into long-term planning. Building on efforts such as Cooling Sentosa, this approach will weave together shade, greenery, movement routes, green infrastructure and guest experiences to enhance thermal comfort, strengthen ecological connectivity and ensure new experiences are sensitively introduced within Sentosa’s natural setting, with Sensoryscape as an early example.

• Enhanced connectivity: Enhanced links by land, air, sea and waterfront will improve access to and within Greater Sentosa, including the envisioned Island Heart Transport Hub as a major gateway, a new People Mover System to replace the existing Sentosa Express, the Singapore Cable Car, water taxi connections under exploration and additional waterfront links being studied.

• Climate resilience and ecology: Environmental studies and nature group engagements, both completed and planned, will inform climate-resilient design, ecological connectivity and the sensitive integration of new experiences with Sentosa’s ridgelines, greenery, coastlines and heritage, while coastal protection measures will help build resilience against erosion and sea level rise.

Public engagement

Your Island. Reimagined. brings the GSMP vision to life through seven interactive and immersive zones that invite Singaporeans to experience and help shape the future of Greater Sentosa, from heritage and today’s offerings to future journeys, Island Heart, the ridgeline, expanded beaches and the living vision. The free roving exhibition opens at VivoCity from 3–5 July, before travelling to Our Tampines Hub, Jurong Point and Waterway Point, and returning to Sentosa in October.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/sentosa-development-corporations-bold-vision-for-greater-sentosa-plans-for-new-icons-reimagined-beaches-and-game-changing-attractions-envisioned-to-redefine-how-singaporeans-play-relax-and-bond-302849376.html

Elliott Management Sends Letter to Northern Star Resources Ltd Board of Directors

Reiterates Need for Substantial Board Enhancement, Comprehensive Strategic Review and Credible Operational Plan

Introduces Group of Highly Accomplished Independent Director Candidates for Northern Star Board

Full Letter and Materials Available at ElliottLetters.com/NST

WEST PALM BEACH, Fla., Aug. 12, 2026 /PRNewswire/ — Elliott Investment Management L.P. (“Elliott”), which manages funds that together hold an investment of approximately 5.6% in Northern Star Resources Ltd (“Northern Star” or the “Company”), today sent a letter to the Company’s Board of Directors.

Elliott believes that – after multiple years of execution and governance failures – the Company needs a substantially enhanced Board that is equipped to support the incoming Chief Executive and to oversee an objective, thorough strategic and operational review. In its letter, Elliott introduced a group of highly accomplished independent director candidates for Northern Star’s Board of Directors, each of whom would bring highly relevant and complementary skills and help restore market confidence in the Company:

• Susan Corlett – former Investment Director at mining private equity firm Pacific Road Capital and experienced ASX-listed company director;
• Mark Cutifani – former Chief Executive of Anglo American and CEO of AngloGold Ashanti;
• Paul Graves – former CEO of Arcadium Lithium and then head of Rio Tinto Lithium following 2025 acquisition;
• Mick McMullen – former CEO of Metals Acquisition Corp., Detour Gold and Stillwater Mining;
• Peter Rozenauers – former Managing Partner at Orion Resource Partners, where he oversaw global mining portfolios, and experienced ASX-listed company director;
• Graham Shuttleworth – former CFO of Barrick and CFO of Randgold Resources.

These director candidates would strengthen Northern Star’s Board, bringing experience across operations, finance, governance and technical disciplines. Over the past 15 years, Elliott has worked to add more than 150 directors to company boards, in almost every case by agreement. This is about fortifying Northern Star and its Board for the long term, and helping the Company fulfill the potential of its world-class mining assets and skilled workforce.

Elliott’s full perspectives on Northern Star and its unique value-creation opportunity can be accessed at ElliottLetters.com/NST.

The full text of the letter follows:

August 12, 2026

Board of Directors

Northern Star Resources Ltd

Level 4, 500 Hay Street

Subiaco WA 6008 Australia

Dear Members of the Board:

We write on behalf of Elliott Investment Management L.P. (together with its affiliates, “Elliott” or “we”), one of Northern Star Resources Ltd’s (“Northern Star” or the “Company”) largest investors, with an economic interest representing approximately 5.6% of the Company. The size of our investment reflects our conviction in the quality of Northern Star’s assets and our commitment to realizing their full potential.

We first communicated our views in early June. In its June 10 letter, the Board said it welcomed Elliott’s engagement, agreed with our suggestion to enhance the Board and offered to consider any Elliott-proposed director candidates. Since then, we have met with the Company to discuss the candidates named in this letter and were unable to agree on a path forward. We are writing again now, and publicly, to introduce this highly accomplished group of independent director candidates, so that all shareholders may weigh in. Any directors appointed would represent all of Northern Star’s shareholders, not only Elliott, and we believe their consideration should happen in the open.

From the outset, we have said that Northern Star needs a substantially enhanced Board that is fully equipped to support the incoming Chief Executive and to oversee an objective, thorough review that the market can trust. We have done the work to make that possible, assembling a purpose-built group of independent director candidates whose experience matches the decisions now before the Company. All are ready to help Northern Star realize its full potential.

To be clear, we do not seek to add any Elliott employees to the Board and do not seek control of the Board. Rather, we look forward to further discussing these candidates with the Company and to agreeing on a framework for substantial Board change. We have recruited a broad and complementary pool of candidates because we believe the scale of change required is significant. Each would join as an independent director, discharging their duties in the interests of all shareholders, and each is prepared to meet the Nomination Committee and complete the Company’s normal vetting process.

Northern Star has world-class mines and a skilled workforce operating in two of the top gold-mining jurisdictions. During a period of record gold prices, a company with assets of this caliber should be among its sector’s strongest performers. Yet over the past several years, Northern Star’s total shareholder return has severely lagged that of its peers. This gap is a reflection of execution and governance failures over this period, not the quality of the Company’s assets or the people who mine them. Since June, we have spoken with a number of Australian and international shareholders who share similar concerns and believe significant change is needed at Northern Star.

We Have Recruited a World-Class Pool of Independent Director Candidates

The candidates we have recruited have led Anglo American, AngloGold Ashanti, Arcadium Lithium, Detour Gold and Stillwater Mining, and have served as chief financial officer of Barrick and Randgold Resources. They have operated large-scale gold mines across Australia, Africa and the Americas, and have executed major projects of the kind Northern Star now has before it. Several also bring highly relevant Australian governance experience, having served on the boards of Woodside Energy and multiple ASX-listed miners. Their names and backgrounds follow:

• Susan Corlett – Ms. Corlett sits on the boards of Iluka Resources, Aurelia Metals and Silex Systems, and was an Investment Director at mining private equity firm Pacific Road Capital from 2008 to 2017. She began her career as a geologist and brings particular insights into commercial, technical, strategic and capital allocation matters.
• Mark Cutifani – Mr. Cutifani led Anglo American as Chief Executive from 2013 to 2022 and AngloGold Ashanti as Chief Executive Officer from 2007 to 2013, after earlier senior operating roles at Vale Inco, Inco and Sons of Gwalia. He is currently an independent director of Woodside Energy Group and chairs the Global Tailings Management Institute, and until recently was Chair of Vale Base Metals. Mr. Cutifani has operated assets in Western Australia and played a key role in developing the Super Pit that now anchors Northern Star’s portfolio.
• Paul Graves – Mr. Graves led Livent and its successor, Arcadium Lithium – at the time the world’s third-largest lithium producer – from 2018 to 2025, and then Rio Tinto Lithium until 2026. He was previously Chief Financial Officer of FMC Corporation and a Partner and Global Head of Chemicals at Goldman Sachs, and qualified as a Chartered Accountant.
• Mick McMullen – Mr. McMullen was Chief Executive Officer of Metals Acquisition Corp. from 2021 to 2025, Detour Gold from 2019 to 2020 and Stillwater Mining from 2013 to 2017. He is currently Executive Chairman of REEcycle and Metals Acquisition Corp. II and has been a non-executive director of OceanaGold and Develop Global Limited.
• Peter Rozenauers – Mr. Rozenauers was most recently Operating Partner at leading investment firm Orion Resource Partners, having previously been a Managing Partner overseeing global mining portfolios. He is currently a non-executive director of NASDAQ-listed Uranium Royalty Corp. and previously served as a non-executive director of the ASX-listed miners Heron Resources, Blackham Resources and MacPhersons Resources and as Chair of Lynx Resources.
• Graham Shuttleworth – Mr. Shuttleworth was Chief Financial Officer of Barrick from 2019 to 2026, having joined through its merger with Randgold Resources, where he had been Chief Financial Officer and a director from 2007 to 2018. He earlier led metals and mining coverage for the Americas at HSBC and qualified as a Chartered Accountant.

These director candidates would strengthen Northern Star’s Board, bringing skills and experience across operations, finance, governance and technical disciplines. We would prefer to reach agreement with the Board on adding a number of these directors, and on the right overall Board size to drive the changes required. We believe Northern Star and its shareholders are better served through collaboration than unilateral action by the Company. Over the past 15 years, Elliott has worked to add more than 150 directors to company boards, in almost every case by agreement. This is about fortifying Northern Star and its Board for the long term, and we hope you will embrace the support we offer.

The Path Forward

We believe that Elliott and the Board should share the same objective: a Northern Star whose share price reflects the quality of its assets. We remain open to constructive engagement with the Board and with Northern Star’s incoming Chair and Chief Executive, and we are committed to this Company’s success, as our sizable investment demonstrates. At the same time, we must ensure that the interests of Northern Star’s shareholders are properly represented.

A stronger Northern Star is better for everyone with an interest in it – for shareholders, for the Company’s workforce and the communities it supports, and for the Australians whose superannuation is invested in the Company. All stand to lose if underperformance is allowed to continue.

The opportunity before Northern Star is significant, and the path to achieving it is clear: a strengthened Board, and a comprehensive operating and strategic review to realize the full value of Northern Star’s assets. We remain open to working with you toward those ends, and to do so promptly.

Sincerely,

John Pike

Partner

Mark Cicirelli

Senior Portfolio Manager

Chris Singh

Portfolio Manager

About Elliott

Elliott Investment Management L.P. (together with its affiliates, “Elliott”) manages approximately $80.3 billion of assets as of June 30, 2026. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

Media Contacts:

London

Stijn van de Grampel

Elliott Advisors (UK) Limited

T: +44 20 3009 1061

svdgrampel@elliottadvisors.co.uk

New York

Stephen Spruiell

Elliott Investment Management L.P.

T: +1 (212) 478-2017

sspruiell@elliottmgmt.com

Sydney

Annabel Clunies-Ross

Hanbury Strategy

T: +61 428 295 517

nst@hanburystrategy.com

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Nexteer’s High Mount Direct Drive Actuator Unlocks Cockpit Design Freedom for Software-Defined Vehicles

Compact high-mount actuator architecture enables greater cockpit design flexibility, premium steering feel and scalable Steer-by-Wire integration for software-defined vehicles.

AUBURN HILLS, Mich., Aug. 12, 2026 /PRNewswire/ — Nexteer Automotive, a global leader in advanced steering and motion control technologies, has introduced its High Mount Direct Drive Steer-by-Wire Hand-Wheel Actuator (HMDD). This compact actuator architecture helps OEMs rethink steering system packaging and cockpit design for software defined vehicles. By combining a high-mount motor location, direct-drive responsiveness and stationary hub, HMDD enables greater design freedom, premium steering feel and scalable integration across vehicle platforms. As OEMs move toward software-defined, electrified and increasingly flexible vehicle architectures, steering systems have an opportunity to evolve from fixed mechanical layouts to more adaptable, software-enabled motion control solutions.

Lightweight, Flexible and Adaptable Design

HMDD is the latest addition to Nexteer’s Direct Drive Hand-Wheel Actuator portfolio for Steer-by-Wire systems, which translate driver steering input into digital commands to the road wheels while delivering steering feel feedback to the driver. Alongside Nexteer’s low-mount option positioned under the dash, HMDD gives OEMs additional flexibility to select the actuator architecture that best supports their vehicle packaging, cockpit design and driver experience strategies.

By combining a compact high-mount architecture, direct-drive responsiveness and a stationary hub, HMDD creates new opportunities for automakers to reimagine the cockpit, including:

• Greater steering interface design flexibility, including center-hub control and display concepts, stowable or reconfigurable steering interfaces and expanded steering wheel placement options.
• Next-generation airbag integration, enabled by a stationary hub that removes the need for symmetrically designed driver airbags required for rotating systems.
• Mass reduction opportunities of up to 23 percent compared with legacy column-based architectures, depending on vehicle application and packaging requirements.
• Scalable integration across internal combustion, hybrid and electric vehicle platforms, with support for 12V and 48V electrical architectures and left- and right-hand-drive configurations.

Unlocking Motion Control for Software-Defined Vehicles

HMDD strengthens Nexteer’s SbW portfolio, which is part of the company’s broader Motion-by-Wire™ chassis control strategy, spanning steering, braking, rear-wheel steering and software-enabled motion control. When combined, these technologies enable coordinated motion control that advances safety, performance and efficiency beyond what mechanical systems alone can achieve.

“Nexteer’s HMDD gives OEMs a new way to rethink the cockpit and driver experience while enhancing the steering feel, packaging flexibility and safety-critical performance,” said Michael Hales, Executive Director, Research & Development, Nexteer Automotive. “As vehicles become more software-defined, technologies like HMDD help create a more flexible foundation for differentiated steering experiences and future vehicle architectures.”

For drivers, HMDD is designed to deliver a premium steering feel through smooth, direct torque response and adjustable modes that provide realistic road feedback and driver connection. Its direct-drive configuration and flexible software tuning can support future feature evolution through software including potential over-the-air updates as OEM software strategies advance.

For OEMs, Nexteer’s HMDD creates opportunities to standardize and scale SbW hardware while allowing brand differentiation through software-defined steering feel, cockpit experience and user features. This approach can help reduce part complexity, support faster development and create a more flexible foundation for future software-enabled vehicles.

Nexteer’s HMDD was recently named a finalist for the 2026 Automotive News PACE Pilot Award, recognizing its potential as a pre-commercial innovation with strong market relevance.

To learn more about Nexteer’s HMDD, visit Nexteer’s Steer-by-Wire webpage.

About Nexteer Automotive

Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports by-wire chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. Celebrating 120 years of automotive innovation in 2026, Nexteer builds on a strong legacy of engineering excellence while continuing to shape the future of mobility. The company solves motion control challenges across key industry shifts – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for global and domestic OEMs around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others. www.nexteer.com

Link to Nexteer Media Center 

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Helfie AI Appoints Heavyweight Tech and Governance Leaders to its Board of Directors

Former Apple and Airbnb executive Patrick Gates and ex-Meta executive Sunita Parasuraman join as Non-Executive Directors, strengthening Helfie’s technology and governance.

MELBOURNE, Australia, Aug. 11, 2026 /PRNewswire/ — Helfie AI (“Helfie”), an AI-powered preventative network transforming global healthcare via mobile, today announced the appointment of Patrick Gates and Sunita Parasuraman as Non-Executive Directors.

Patrick Gates brings more than three decades of engineering and technology leadership, including 14 years at Apple, where he helped build iCloud, FaceTime, iMessage, and the iTunes Store. He later served as CTO of AI hardware startup Humane before joining Airbnb as Vice President and Technical Fellow, leading AI-driven product updates.

Sunita Parasuraman has over 25 years of industry experience including at Apple, Genentech, VMware, and Meta, where she spent 12 years, including as Global Head of Treasury, building its global treasury organisation and overseeing the reserve backing Meta’s Libra/Diem stablecoin initiative. She later became Meta’s Head of Investments and New Product Experimentation, and now serves on the boards of IREN Limited, The Baldwin Insurance Group, and BitGo Holdings.

Tony De Fougerolles, Chairman, Helfie AI says: “Patrick and Sunita join Helfie at an exciting time. Patrick has built infrastructure serving hundreds of millions at Apple and led AI transformation at global scale. Sunita has navigated technology, governance, and regulation at the highest levels. Together, they strengthen our Board and our mission to bring accessible preventative healthcare to everyone.”

Patrick Gates, Non-Executive Director, Helfie AI added: “Helfie is building something genuinely important. I’m excited to help the team navigate the infrastructure and scale challenges that come with building a global health network.”

Sunita Parasuraman, Non-Executive Director, Helfie AI said: “Helfie’s accessible, intelligent preventative health tools could improve living standards worldwide. I look forward to bringing my experience in technology governance and responsible scaling to Helfie’s growth.”

ABOUT HELFIE AI

Helfie AI is a global human health platform for early detection, proactive prevention, and optimised wellbeing for 8 billion+ humans. The science-backed, AI-powered platform provides 30+ instant and affordable health checks via smartphone, combined with powerful medical insights, data ownership, and universal access. Helfie AI works with governments and businesses worldwide to make preventative health accessible to everyone.

More details at www.helfie.ai

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Quantinuum and Oracle Partner to Accelerate Hybrid Quantum Compute Adoption on Oracle Cloud Infrastructure

• Quantinuum’s most advanced quantum computer, Helios, will be deployed in a US-based OCI AI data center to enable hybrid quantum-AI workloads as an OCI service.
• Quantinuum and Oracle aim to support enterprise, AI lab, academic, and research applications spanning drug discovery, materials science, financial modeling, and large-scale optimization, including AI workloads.

BROOMFIELD, Colo. and AUSTIN, Texas, Aug. 11, 2026 /PRNewswire/ — Quantinuum (NASDAQ: QNT), a leading quantum computing company, and Oracle today announced a multi-year strategic partnership to bring quantum computing to Oracle Cloud Infrastructure (OCI). Under the partnership, OCI customers will be able to directly access Quantinuum’s Helios, the most accurate commercial quantum computer in the world,^[1] through OCI’s quantum service, alongside OCI’s high-performance computing (HPC) and GPU infrastructure.

Together, Quantinuum and Oracle plan to explore how hybrid quantum-AI infrastructure could address some of the most computationally intensive challenges facing enterprises and broaden access for universities and research institutions advancing scientific discovery and education. The partnership reflects a shared vision that the future of enterprise computing will be built on the convergence of AI, classical supercomputing, and quantum computing. Many complex problems across materials discovery, drug development, logistics, energy, and financial modeling already push the limits of today’s computing architectures.

“We believe the next phase of enterprise computing will be shaped by bringing quantum, AI, and high-performance computing together,” said Dr. Rajeeb Hazra, President and CEO of Quantinuum. “Deploying Helios inside OCI gives Quantinuum and Oracle an opportunity to create a unique deeply integrated environment for hybrid workloads, explore enterprise use cases with customers, and accelerate commercial adoption.”

Quantum computing offers a fundamentally different approach to computation with the potential to address problems that are impractical for traditional systems alone. In addition, quantum computing uses significantly less energy than supercomputers. A single Helios system has an estimated power draw of less than one percent of the draw reported for leading supercomputers,^[2] offering a lower power complementary resource for suitable hybrid workloads.

“AI has changed what organizations can imagine, and we believe quantum computing can expand what they’re able to solve,” said Mahesh Thiagarajan, Executive Vice President of Oracle Cloud Infrastructure. “By bringing Quantinuum’s Helios to Oracle Cloud Infrastructure, we want to give developers a practical and secure way to explore how quantum computing could complement their existing AI and HPC workloads on Oracle Cloud Infrastructure while improving compute efficiency and energy use.”

With Quantinuum’s Helios on OCI, customers can expect to gain managed, secure access to cloud-hosted quantum computing without having to procure, install, or operate dedicated hardware or specialized facilities. Helios, launched commercially in November 2025, is Quantinuum’s third-generation quantum computer. The 98-physical-qubit trapped-ion system has been used in demonstrations involving 48 logical qubits and achieves an average two-qubit gate fidelity of 99.921%, exceeding the widely cited “three 9s” threshold. Helios is designed for hybrid integration with classical HPC and AI environments.

By operating on-premises within OCI’s infrastructure, Helios is anticipated to be able to integrate seamlessly with existing OCI compute, networking, storage, identity, and data services under the same governance and access controls customers already use. Oracle plans to preview its OCI quantum service in the coming months, giving developers a streamlined way to move from simulation to execution on real quantum computing hardware. The planned OCI quantum service is expected to combine Quantinuum’s development stack with support for open-source hybrid-programming frameworks, helping developers build, test, and refine quantum-classical applications more efficiently.

New Possibilities for Hybrid Quantum-AI Computing

“Our roadmap includes exploring classical-quantum hybrid computing to accelerate scientific discovery,” said Johannes Blaschke, Head of Scientific Computing, GBI at Ellison Institute of Technology. “QPUs promise to unlock new insights as they are very different from the hardware that we are used to. So having both GPUs and QPUs available within OCI would provide an all-in-one platform, simplify the operation of novel hardware, and help us move at speed from concept to execution by allowing our researchers to focus on innovation. It could herald in an exciting new phase for our work.”

“As quantum computing moves closer to enterprise adoption, simplifying how organizations access and integrate quantum resources has become just as important as advancing the hardware itself,” said Heather West, PhD, Global Quantum Research Lead at IDC. “Deploying quantum systems within private cloud environments enables organizations to integrate quantum computing into existing AI and HPC workflows through familiar cloud infrastructure and development tools, reducing barriers to adoption and making hybrid quantum-classical computing a practical part of enterprise IT.”

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.^[3] Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally. The company has a global workforce of approximately 800 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore. For more information, please visit www.quantinuum.com.

About Oracle

Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle, please visit us at www.oracle.com.

Trademarks

Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Future Product Disclaimer

The above is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle’s products may change and remains at the sole discretion of Oracle Corporation.

^[1] Based on two-qubit gate fidelity as of December 31, 2025.

^[2] According to Tchakoute, R.N., et al. (2026) Energy-Aware Computing in the Year 2026., leading supercomputers use 16 MW to 39 MW of energy, whereas a single Helios unit uses approximately 60 kW without an HVAC system.

^[3] As of December 31, 2025.

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Quantinuum Reports Second Quarter 2026 Results

Second-Quarter Revenue Grew 279% Year-Over-Year; Increased FY2026 Outlook  

Demonstrated Near Five-Nines Logical Fidelity on Helios, Extending Leadership in Fault Tolerance 

Announced Industry-First Partnership with Oracle to Deploy Helios as an Oracle Cloud Infrastructure (OCI) Service 

Strengthened Supply Chain Through Strategic Collaboration with Major Global Electronics Manufacturer

BROOMFIELD, Colo., Aug. 11, 2026 /PRNewswire/ — Quantinuum Inc. (Nasdaq: QNT) (the “Company”), a leading quantum computing company, today announced financial results for the second quarter ended June 30, 2026.

“Our second quarter performance demonstrated strong execution against our strategy. We delivered critical R&D breakthroughs to advance our platform roadmap and enhance our competitive position, strengthened our supply chain and manufacturing capabilities, and increased our developer ecosystem engagement,” said Rajeeb Hazra, President and CEO of Quantinuum. “As a result, we are seeing accelerating commercial momentum for the business, reflected in the second quarter results and the improved full-year outlook. With over $2 billion in cash, we have the capability to invest to accelerate our business plans, while maintaining a disciplined approach to capital allocation to ensure sustainable long-term growth and profitability.” 

Second Quarter 2026 Financial Highlights

• Completed industry’s first traditional initial public offering, raising $1.7 billion in gross proceeds
• Revenue was $8 million, +279% year-over-year, versus $2 million in the prior-year period
• GAAP gross margin was (64.4%), up 27 percentage points versus the prior-year period
• Adjusted gross margin was 62%, down 60 basis points versus the prior-year period
• GAAP net loss was $597 million, compared with a net loss of $57 million in the prior-year period
• Adjusted EBITDA loss was $68 million, compared with a loss of $43 million in the prior-year period
• GAAP net loss per share attributable to Class A common stockholders was $1.93
• Adjusted net loss per share was $0.28
• Cash & cash equivalents, and short-term investments were $2.1 billion as of June 30, 2026

Adjusted EBITDA, Adjusted Gross Margin and Adjusted net loss per share are non-GAAP financial measures defined under “Non-GAAP Financial Measures.” For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, refer to the Appendix tables at the end of this press release.

Second Quarter and Recent Business Highlights

Commercial Highlights

• Announced an industry-first strategic partnership with Oracle to deploy Helios on Oracle Cloud Infrastructure’s (OCI) AI data center to enable hybrid quantum-AI workloads as an OCI service. By operating on-premises within OCI’s infrastructure, Helios is anticipated to be able to integrate seamlessly with existing OCI compute, networking, storage, identity, and data services under the same governance and access controls customers already use.
• Announced strategic collaboration with HPE to establish a framework for combining quantum computing with HPC and AI environments and engage enterprise customers on hybrid quantum-classical solutions for high-value scientific and industrial use cases.

R&D Milestones

Product Technology and Supply Chain

• Demonstrated industry-leading near five-nines logical fidelity on Helios, with a novel QEC code family, reinforcing Quantinuum’s leadership in fault tolerance.
• Progressing towards the launch of Sol in 2027, with Sol’s trap chip back from fabrication and advancing through product validation.
• Apollo remains on schedule for 2029, with significant progress made across key architectural subsystems through prototyping.
• Signed a new joint development agreement with a leading global electronics manufacturer to co-develop the infrastructure, systems engineering, and manufacturing capabilities required for future generations of quantum computers.
• Entered into a letter of intent with the U.S. Department of Commerce’s CHIPS R&D Office to strengthen onshore supply chains and accelerate U.S. leadership in trapped-ion quantum computing.

Ecosystem

• Accelerated Nexus adoption, with 180 organizations now using the cloud-based developer platform to build new quantum applications.
• Launched Guppy Playpond, a frictionless web-based environment set up for developers to learn writing and testing code in Guppy, to increase adoption of this next-generation quantum programming language.
• Expanded the Quantinuum Startup Partner Program with Qedma, integrating its error suppression and mitigation software into Quantinuum’s Nexus platform, giving enterprise and scientific users an additional optimization layer that can improve accuracy for large, complex workloads. 

Application Research

• Invented a new parallel quantum phase-estimation algorithm for faster and more precise determination of molecular properties, with broad applications including pharmaceuticals, life-sciences, and energy.
• Demonstrated, with NVIDIA and a Fortune 100 pharma company, how AI-driven quantum simulation can potentially enhance molecular property characterization in pharmaceutical applications.
• Simulated complex magnetic materials with accuracy beyond the practical capabilities of the most advanced classical computers, with applicability to improving maglev and MRI systems.

Financial Outlook

• Establishing first formal guidance as a public company, with 2026 revenue expected to be in the range of $28 to $32 million.

Second Quarter 2026 Conference Call

Quantinuum will host a conference call at 5 PM Eastern time on Tuesday, August 11, 2026, to discuss its results for the second quarter ended June 30, 2026, and provide a business update. The call will be available live via webcast here.

An archived replay of the webcast will be made available on the Quantinuum Investor Relations website following the call and will remain available for one year. 

Non-GAAP Financial Measures

To supplement Quantinuum’s condensed consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”), the Company uses the following non-GAAP financial measures presented in this release: Adjusted Gross Profit, Adjusted Gross Margin, Adjusted Net Loss, fully distributed, Adjusted EBITDA, and Adjusted Net Loss Per Share, fully distributed.

Adjusted Gross Profit starts with GAAP gross profit and adds back equity compensation and related employer taxes attributable to cost of revenue and depreciation and amortization attributable to cost of revenue.

Adjusted Gross Margin is calculated as Adjusted Gross Profit divided by revenue, net.

Adjusted Net Loss, fully distributed starts with GAAP net loss on an as-converted basis, adds back GAAP income tax expense, adjusts for equity compensation and related employer taxes, costs of the initial public offering and the transition to public company reporting, the change in fair value of liability-classified warrants, and loss on disposal and write down of assets, and then applies an assumed statutory tax rate to the resulting adjusted pre-tax loss. No tax benefit is recognized in respect of losses subject to a full valuation allowance, and accordingly no tax benefit is reflected in the periods presented.

Adjusted EBITDA starts with Adjusted Net Loss, fully distributed, and further excludes interest income, net, depreciation, and amortization of acquired intangibles.

Adjusted Net Loss Per Share, fully distributed is calculated as Adjusted Net Loss, fully distributed, divided by adjusted shares, fully distributed, basic and diluted, comprising weighted-average Class A common shares outstanding and Common Units of Quantinuum Holdings.

Management believes these measures provide investors with additional information useful in evaluating the Company’s operating performance and trends across periods. Quantinuum’s results include large non-cash charges that do not reflect the cost of operating the business in the period, principally stock-based compensation recognized on completion of the Reorganization and remeasurement of liability-classified warrants. Both are driven by accounting triggers and external inputs rather than operating activity. As an early commercial-stage business, Quantinuum’s period-to-period results also are affected by the timing of individual contracts. Measures that isolate underlying operating performance from non-cash and transition items help investors assess trends across periods.

Quantinuum’s Up-C structure means that GAAP net loss attributable to Quantinuum Inc. reflects only the Class A share of the economics. Presenting adjusted results on an as-converted, fully distributed basis describes the whole economic enterprise, which is how management assesses performance and how the business is managed. Management uses these measures for internal planning and forecasting, evaluating operating performance, and preparing budgets.

These non-GAAP financial measures are supplemental and are not prepared in accordance with GAAP. They are not intended to be considered in isolation or as a substitute for the most directly comparable financial information prepared in accordance with GAAP. Quantinuum’s non-GAAP measures may differ from similarly titled measures used by other companies and, therefore, may not be comparable. Investors should review the reconciliations and should not rely on any single financial measure to evaluate the Company’s business.

Each non-GAAP financial measure is reconciled to its most directly comparable GAAP financial measure in the tables at the end of this release. 

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.^[1] Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally. The company has a global workforce of approximately 800 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore. For more information, please visit www.quantinuum.com. 

Availability of Information on Quantinuum’s Website

Investors and others should note that Quantinuum routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the Quantinuum Investor Relations website. While not all of the information that the Company posts to the Quantinuum Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in Quantinuum to review the information that it shares on ir.quantinuum.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of Quantinuum’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs, expectations and outlook are forward-looking statements. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. These statements often include words such as “anticipate,” “expect,” “guidance,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “outlook,” “potential,” “continues,” “seeks,” “predicts,” or the negatives of these words and other similar expressions.

Factors that could cause actual results to differ materially from those described in forward-looking statements include, but are not limited to: our ability to develop, commercialize and achieve market acceptance of our quantum computing hardware and software products; the pace of development of the quantum computing industry and the timing of commercial quantum advantage; our ability to attract and retain customers for our quantum computing systems and quantum computing as a service offerings; the risk of technological obsolescence or the emergence of competing quantum computing approaches, including superconducting, photonic, or other modalities; our dependence on key suppliers and manufacturers of specialized components, including those necessary for our trapped-ion quantum systems; our ability to scale production of our quantum computers and related systems; our ability to protect our intellectual property and proprietary technology; the significant research and development costs inherent in developing next-generation quantum computing capabilities; our ability to attract and retain highly skilled scientists, engineers and other personnel in a competitive labor market; changes in government funding, export controls, or regulations affecting quantum technologies; uncertainty regarding the timing and extent of commercial applications; cybersecurity risks and the protection of sensitive customer data; and macroeconomic conditions, geopolitical instability and their potential effects on our business and operations. For additional information on these and other risks that could affect the Company’s forward-looking statements, see the Company’s risk factors discussed in its filings with the U.S. Securities and Exchange Commission, as such risk factors may be updated from time to time. You should evaluate all forward-looking statements made in this press release in the context of these risks and uncertainties. The Company disclaims any intent or obligation to update, revise or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation.

^[1] As of December 31, 2025.

Appendix

(1) Our condensed consolidated statements of operations present amortization of acquired intangibles as a single separate line and do not present a gross profit subtotal. The amount shown in this table is the portion of that line attributable to cost of revenue, allocated according to the assets to which it relates. Cost of revenue is presented as reported. The remaining portion is presented within research and development.

(2) Represents stock-based compensation expense and the related employer payroll taxes on equity vesting, in each case attributable to cost of revenue. Employer payroll taxes were 242 and 242 for the three and six months ended June 30, 2026, respectively, and 0 in the corresponding prior year periods. These amounts are a subset of the equity compensation and related employer taxes adjustment presented in the reconciliation of GAAP net loss.

(3) Represents depreciation of property and equipment and amortization of acquired intangible assets attributable to cost of revenue.

(1) The as-converted basis includes the economic interests represented by Class A common stock and Common Units of Quantinuum Holdings as if all Common Units were exchanged for Class A common stock. It is used because Class A common stock represents a minority of the economic interest in Quantinuum Holdings.

(2) Represents non-cash compensation expense associated with equity-based awards, including expense recognized in connection with the Reorganization, together with the related employer payroll taxes on equity vesting. Employer payroll taxes were $17,127 and $17,127 for the three and six months ended June 30, 2026, respectively, and zero in the corresponding prior year periods. The stock-based compensation component agrees to the stock compensation expense line in the condensed consolidated statements of cash flows.

(3) Represents costs of the initial public offering, transaction costs, and the transition to public company reporting. These costs represent professional fees for advisory, legal, accounting, valuation and other professional or consulting services incurred related to the IPO. These costs are scoped by reference to their cause and have a defined end. They do not include the ongoing costs of operating as a public company.

(4) Represents the non-cash change in fair value of liability-classified warrants, which is driven by valuation inputs and accounting remeasurement rather than operating activity.

(5) Represents the tax effect of the adjusted pre-tax loss using the assumed statutory tax rate presented in the table.

(6) Represents total depreciation and amortization per our condensed consolidated statements of cash flows, less amortization of acquired intangibles shown separately below. Includes amortization of capitalized software.

(7) Represents total amortization of acquired intangible assets for the period and agrees to the amortization expense line in the condensed consolidated statements of operations.

(8) The denominator comprises Class A common stock and all Common Units of Quantinuum Holdings. Class B common stock is non-economic, carries voting rights only, and is cancelled upon exchange of the corresponding Common Units.

(9) GAAP net loss per Class A common share covers only the period from June 5, 2026, following the Transactions, while adjusted net loss per share, fully distributed, covers the full period presented. The two measures therefore are not calculated on the same period basis. No per share amounts are presented for periods prior to the Reorganization because the calculation would not produce values meaningful to users. 

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Stan Ventures Founder & CEO Pradeep Kumaar Rajarathinam Donates ₹2 Crore to Tamil Nadu Chief Minister’s Public Relief Fund

CHENNAI, India, Aug. 11, 2026 /PRNewswire/ — Pradeep Kumaar Rajarathinam, Founder & CEO of Stan Ventures, has contributed ₹2 crore to the Tamil Nadu Chief Minister’s Public Relief Fund, reaffirming his commitment to supporting public welfare initiatives and contributing to the well-being of communities across the state.

At the Chief Minister’s residence, Stan Ventures’ Founder & CEO, Pradeep Kumaar Rajarathinam, met the Hon’ble Chief Minister and presented a bank cheque of ₹2 crore as a donation to the Chief Minister’s Public Relief Fund.

For Pradeep Kumaar Rajarathinam, the gesture reflects his belief that business success comes with a responsibility to give back to society. The contribution is part of a larger CSR initiative aimed at supporting communities and public welfare efforts. Tamil Nadu has been an important part of his entrepreneurial journey, and he sees the initiative as a way to give back to the state and contribute to the welfare of its people.

Speaking about the contribution, Pradeep Kumaar Rajarathinam, Founder & CEO, Stan Ventures, said, “I have always believed that success carries a responsibility to give back. Tamil Nadu has provided an environment where businesses and entrepreneurs can grow, and I wanted to contribute towards the welfare of its people. Through this ₹2 crore contribution to the Chief Minister’s Public Relief Fund, I hope we can support the state’s efforts to help communities and individuals who need it most.”

For Stan Ventures and its leadership, the contribution represents an opportunity to support the state beyond the company’s business operations and contribute towards initiatives aimed at public welfare.

About Stan Ventures

Stan Ventures, founded in 2009 by Pradeep Kumaar Rajarathinam, is headquartered in Chennai, with a presence across the US, London, and Singapore. The company specialises in white-label SEO and link-building services and is trusted by 150+ agencies worldwide. With 15+ years of experience, transparent pricing, and end-to-end white-label delivery, Stan Ventures helps businesses and agencies strengthen their digital presence, improve search visibility, and drive sustainable online growth.

https://www.stanventures.com/

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