TORONTO, Aug. 28, 2026 (GLOBE NEWSWIRE) — Xanadu Quantum Technologies Limited (“Xanadu“; NASDAQ/TSX: XNDU), a leading photonic quantum computing company, announced today that it will establish a landmark advanced photonics research, development, and manufacturing facility as part of Project OPTIMISM, supported by CAD $195 million in federal government funding also announced today. The new…
Xanadu Quantum Technologies Limited has secured CAD $195 million in federal government funding to establish a landmark advanced photonics research facility, named Inception. This project, known as Project OPTIMISM, aims to support the development and manufacturing of components for future quantum data centres. The new facility is expected to feature world-class technology, potentially revolutionizing quantum infrastructure and solidifying Canada's position as a global leader in the field.
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Federal commitment through the Strategic Response Fund for Project OPTIMISM anchors Xanadu’s plan to manufacture the components of fault-tolerant utility-scale quantum computers in Canada.
