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Portables to solve the housing crisis? Latest ABS statistics reveal the crisis for renters and first-time buyers continues

SYDNEY, Jan. 21, 2025 /PRNewswire/ — Newly published figures from the Australian Bureau of Statistics (ABS) reveal that the mean price of residential dwellings in New South Wales has increased over the last quarter and is the highest in the country at $1,233,600, with the ACT and Queensland in second and third spots.

The ABS Total Value of Dwellings released December 2024 (September Quarter 2024) shows that the value of house dwellings has risen by $156.3 billion in the last quarter of 2024 to $11,093.8 billion, the first time that the total value of residential dwellings has surpassed $11 trillion. Results show values rising in New South Wales, Queensland, South Australia and Western Australia. These increases put further pressure on renters and first-time home buyers in an already scarce and budget-busting housing market.

Speaking about the newly released ABS Total Value of Dwellings figures, PennyGranny Founder and CEO Michael Doubinski said: “These figures speak to the dire shortage of affordable housing, particularly for renters and first-time buyers.

“We launched PennyGranny portable housing in 2021 to answer the need for affordable rentals and housing in the post-COVID era. Since then, we have sold or hired over 300 portable homes. We are receiving more calls month on month, largely due to the scarcity and cost of homes to rent or buy. The figures from the ABS certainly fit the pattern that we’re seeing at PennyGranny.

A high-quality portable home installed in Glenroy by PennyGranny
A high-quality portable home installed in Glenroy by PennyGranny

“In the last twelve months, we’ve expanded our workforce by 30% and opened a new office in Milsons Point, Sydney to meet demand for a cost-effective solution in the current housing crisis.

“We plan to expand into Far North Queensland which is just as well considering the latest ABS release shows that Queensland now has the third largest mean price in the country ($915,700). A new showroom will open by the end of 2025 which will improve delivery times and better serve customers in remote areas.

“With over 40 leads per week, we know that renters and first-time buyers are finding it extremely difficult to get a foot on the property ladder,” said Michael.

With up to three bedrooms, many of PennyGranny’s portables come with a fully fitted kitchen, bathroom and amenities such as air conditioning, instantaneous hot water and laundry. The larger portables, such as The Josephine, measure 49sqm in total.

For clients seeking custom solutions, PennyGranny offers the ability to create larger homes, up to an impressive 126sqm with standard and luxury finishes. These bespoke buildings can be tailored to be entirely self-sufficient (off-grid) by incorporating features such as solar panels, incinerating toilets, and other sustainable technologies. Additionally, custom-covered decks can be added to expand the living space and enhance the functionality of the building.

“Our portables are built in Australia and meet rigorous quality and construction standards. They’re also sustainable and eco-friendly, using specially selected materials and energy-efficient design elements.

“We are trying our best to work as quickly as possible to make our portables available. We know people are desperate to move into homes, especially at this time of year. That’s why we work closely with local councils, town planners, and developers to establish and approve affordable housing,” finished Michael.

Latest figures from ABS show that the value of dwellings continued to rise in New South Wales (+0.9%), Queensland (+2.9%), South Australia (+4.1%) and Western Australia (+5%). The mean price of residential dwellings rose by $9,300 to $985,900.

PennyGranny customer Wendy Phillips chose a PennyGranny portable when she couldn’t find a property in budget for her mother. “The hunt was on for somewhere for Mum to live. She has emphysema, so can’t handle stairs, and her eyesight is declining rapidly due to macular degeneration. Rents on the Gold Coast have soared to $500 to $600 a week for a tacky one-bedroom unit and at least 30 people are looking at each place available, so renting on the age pension was simply not an option. The only alternative seemed to be putting her into a nursing home, which she didn’t want and neither did we.”

“After having a few conversations with PennyGranny, we decided that hiring a granny flat was the perfect fit for Mum. We have room on our property, and it still gives Mum the independence she craves while being close enough that we can care for her,” said Wendy.

Key statistics from ABS research:

  • The total value of residential dwellings in Australia rose by $156.3 billion to $11,093.8 billion this quarter.
  • The number of residential dwellings rose by 53,100 to 11,252,600 this quarter.
  • The mean price of residential dwellings rose by $9,300 to $985,900 this quarter.
  • The mean price of residential dwellings in New South Wales ($1,233,600) remains the highest in the country, followed by the Australian Capital Territory ($951,800). Queensland ($915,700) now has the third largest mean price in the country, while the lowest mean price remains in the Northern Territory ($531,100).

About PennyGranny:

  • Founded in 2021 by Michael Doubinski
  • PennyGranny offers a variety of high-quality portable housing, buildings and outdoor offices for hire across NSW, QLD, VIC and ACT and for sale Australia wide.
  • PennyGranny has achieved 20% profit growth over the past 12 months, reflecting strong market demand.
  • As well as permanent and temporary accommodation solutions, uses for PennyGranny portables include Airbnb rentals, office solutions, renovation accommodation or emergency accommodation during crises.
  • PennyGranny is believed to be the only Australian portable housing company that offers substantially sized, liveable accommodation such as The Josephine (49sqm).
  • PennyGranny portables are Australian-built and meet Australian building standards and regulations.
  • Hiring timeline: Just under one week.
  • Purchasing timeline: Orders being taken for February.
  • New models: The Haven and The Sanctuary are designed to meet the demand for high-end portable living in the Australian market.
  • A new showroom at Milsons Point will showcase materials and finishes.

PennyGranny.com.au

For enquiries relating to PennyGranny:
Elena Ridgway, Head of Operations
elena@pennygranny.com.au 
PennyGranny Head Office,
Suite 1, 52 Alfred Street, Milsons Point NSW 2061
1300 665 750

Montage Technology Samples PCIe® 6.x/CXL® 3.x Retimer Chips

SHANGHAI, Jan. 22, 2025 /PRNewswire/ — Montage Technology today announced the sampling of its PCIe® 6.x/CXL® 3.x Retimer — M88RT61632, which is designed to enhance connectivity performance for demanding high-bandwidth applications such as AI and cloud computing. This milestone extends the company’s PCIe product portfolio, building upon its successful PCIe 4.0 and PCIe 5.0/CXL 2.0 Retimer solutions.

Montage Technology PCIe® 6.x/CXL® 3.x Retimer Chips
Montage Technology PCIe® 6.x/CXL® 3.x Retimer Chips

The PCIe 6.x/CXL 3.x Retimer delivers excellent performance with data rates up to 64GT/s, twice that of PCIe 5.0. Powered by Montage Technology’s proprietary PAM4 SerDes IP, the chip achieves superior signal integrity with link budget up to 43dB while maintaining low latency. Its innovative DSP architecture effectively addresses PCIe 6.x system design challenges including crosstalk and signal reflection. In addition, the chip features advanced link training and enhanced telemetry, enabling comprehensive link monitoring and fault diagnostics for high-reliability AI cluster deployments.

Compliant with PCIe 6.x and CXL 3.x specifications and utilizing a mainstream package, the Retimer has demonstrated robust interoperability with CPUs, test equipment, and endpoint devices, positioning itself for widespread deployment across cloud computing and data center infrastructures.

“The rapid growth of AI and cloud computing has accelerated the evolution of PCIe/CXL technologies and products, creating substantial market opportunities for Retimer applications,” said Stephen Tai, President at Montage Technology. “We will continue collaborating closely with CPU and PCIe/CXL device manufacturers to drive performance improvements in AI, machine learning, and cloud computing systems through premier products and services.”

Montage Technology has begun sampling its PCIe 6.x/CXL 3.x Retimer to customers and partners, accompanied by comprehensive technical support for key applications including AI servers, active electrical cables (AECs), and storage systems. The support package includes M88RT61632-based reference designs, evaluation boards and software tools, enabling customers to expedite their development cycles and product launches.

As part of its strategic roadmap, Montage Technology is advancing the development of its PCIe 7.0 Retimer, reinforcing its leadership in next-generation interconnect solutions and expanding its diverse product offerings.

Product Availability
Montage Technology’s 16-lane PCIe 6.x/CXL 3.x Retimer (Part Number: M88RT61632) is now available for sampling. For more information, please contact Montage Technology at:

Phone: +86-21-54679038 (China), +1(408)-982-2788 (USA), +82-31-705-2341 (South Korea)
Email: globalsales@montage-tech.com.

H2, Inc. Secures $16 Million in Bridge Funding to Expand Flow Battery Manufacturing Capacity

SEOUL, South Korea, Jan. 22, 2025 /PRNewswire/ — H2, Inc., an industry-leading vanadium flow battery (VFB) developer and manufacturer headquartered in South Korea, successfully raised $16 million in recent bridge funding, finalized in the second half of 2024. This brings the company’s total accumulated funding to $77 million. The round was led by STIC Investments which is one of the largest and a leading private equity firm in Korea, with participation from KRUN Ventures and Lighthouse Combined Investment.

The newly raised capital will be primarily allocated to constructing the company’s new, state-of-the-art K2 Plant. This facility will significantly expand H2’s manufacturing capacity to 1.2 GWh per annum, marking a major milestone in the global flow battery and long-duration energy storage industry. Scheduled to begin operations in 2026, the K2 Plant will triple the current capacity of the K1 Plant, which stands at 330 MWh per year. The company has already secured the land for the K2 Plant to achieve its target annual production capacity as quickly as possible.

The K2 Plant will focus on producing H2’s three flagship VFB products: the EnerFLOWTM 500 series, optimized for 4-hour energy storage applications, and the EnerFLOWTM 600 series, engineered for applications lasting 8 hours or more. The EnerFLOW 600 series incorporates H2’s proprietary HYPERSTRUCTURETM technology, which significantly reduces system footprint. The first EnerFLOWTM 640 units are scheduled to be deployed in Spain’s largest 8.8 MWh VFB project, with installation planned for mid-2025. In addition to the EnerFLOWTM series, the plant will support the mass production of UL-certified, high-performance 5000-series VFB stacks based on H2’s proprietary design. These stacks are a key factor for success in the VFB industry.

Dr. Shin Han, founder and CEO of H2, Inc. stated, “The successful bridge funding strongly validates H2’s commercial readiness in terms of product quality and mass production capability. The forthcoming K2 Plant will be a pivotal asset, enabling us to meet the growing global demand for sustainable long-duration energy storage solutions that enhance grid resilience and support renewable energy adoption”

New Reeracoen Workforce Report Underscores FWAs and Transparent Compensation as the Future

97.8% of Q4 2024 survey respondents are aware of flexible work arrangement policies, while most expect merit-based salary increases and bonuses

SINGAPORE, Jan. 22, 2025 /PRNewswire/ — Reeracoen, Asia’s leading human resource services provider, is unveiling its latest report: Unlocking Success in 2025: Navigating Pay Structures & Flexible Work Arrangements. Based on an extensive fourth quarter 2024 survey, the report offers data-driven insights and recommendations for effectively navigating flexible work arrangements, recruitment, and pay structures for 2025. 

To download the report, please visit: https://bit.ly/3Ec5ZOR

By polling more than 400 respondents from diverse industries and experience levels, the report serves as a guide for navigating the evolving workforce dynamics in Asia. In Singapore, the implementation of new FWA guidelines is standardising hybrid work while creating new challenges and opportunities. Furthermore, as the country heads into a pivotal year for its economy, its green and tech sectors are creating demand for an adaptive, future-ready workforce. By directly addressing these areas with actionable insights, the report provides not only a window into the future of work but also practical guidance to stay competitive for talent.

Key Findings:

  1. Tips for attracting top talent as transparency grows: A majority of employees (62.8%) anticipate merit-based increments, and most also expect performance-driven bonuses after last year, across both managers and individual contributors. The report shares how to navigate a growing demand for transparency and fairness in compensation.
  2. Leaning into flexible work arrangements as the future: As hybrid work gains prominence, with 57% of companies adopting this model and 97.8% of employees aware of FWA policies, it is vital for businesses to embrace structured FWA implementation to enhance productivity, work-life balance, and employee retention. The publication details how to effectively navigate any communication and collaboration challenges to unlock the full potential of FWA benefits.
  3. Leveraging opportunities in an active job market: Despite economic challenges, 30.3% of companies plan to expand their workforce in 2025, reflecting a stable and optimistic hiring landscape. The report will delve into strategies for leveraging these opportunities.
  4. Industry benchmarks for bonuses and salary increments: Average bonuses for non-managerial roles are at 2.2 months and managerial roles at 2.3 months, and salary increment trends are favouring industries like F&B and construction. The data-driven insights will aid organisations in aligning their strategies with market expectations.
  5. Addressing employee concerns and priorities: The report identifies key employee concerns across markets, such as team collaboration, work-life balance, and career progression challenges in hybrid setups, while emphasising the need for transparent and fair pay processes. These trends offer ample opportunities for companies to enhance job satisfaction, retention, and engagement.

Mr. Kenji Naito, Group CEO of Reeracoen Group, commented: “As businesses in Singapore navigate the dynamic challenges of 2025, our latest research reaffirms the critical importance of aligning compensation strategies with employee expectations. By embracing flexible work arrangements and transparent pay structures, companies can attract and retain top talent, ensuring resilience and competitiveness in a rapidly evolving market.

Reeracoen’s Group CEO, Mr Kenji Naito
Reeracoen’s Group CEO, Mr Kenji Naito

Mr. Shoichi Sunaga, Branch Manager of Reeracoen Singapore, remarked: “Our findings highlight a significant shift in workforce priorities, with hybrid work models and performance-based bonuses taking centre stage. Reeracoen Singapore remains committed to helping organisations implement people-centric strategies that foster productivity, satisfaction, and growth.

Reeracoen Singapore’s Branch Manager, Mr Shoichi Sunaga
Reeracoen Singapore’s Branch Manager, Mr Shoichi Sunaga

To learn more about Reeracoen Singapore’s recruitment solutions and insights, please visit:

About Reeracoen 

Reeracoen is an award-winning leader in Asia’s recruitment landscape, celebrated for connecting top-tier talent with forward-thinking organisations. With a strong presence across the region, we leverage our expansive networks and deep industry expertise to deliver innovative recruitment solutions tailored to the evolving needs of our partners.

Operating across 9 offices in 6 major Asian countries, Reeracoen upholds the highest standards of professionalism and service excellence. Our accolades and proven track record underscore our commitment to providing exceptional service quality and cross-border talent solutions, making us the preferred recruitment partner for businesses looking to thrive in the dynamic Asian market. For more information, visit https://www.reeracoen.sg/ and follow us on social media for the latest updates and insights.

Blue Ocean Technologies Expands Asia-Pacific Presence with New Office in South Korea & Appointment of SukJoon KIM

Strategic expansion strengthens Blue Ocean’s commitment to global trading with new leadership and regional headquarters in Seoul

SEOUL, South Korea and NEW YORK, Jan. 22, 2025 /PRNewswire/ — Blue Ocean Technologies, LLC (BOT), a leading fintech company transforming U.S. overnight trading to a global experience, today announced its continued Asia-Pacific expansion with the opening of a new office in Seoul, South Korea. To lead its efforts in the North Asia Pacific (APAC) region, Blue Ocean has appointed SukJoon KIM as Vice President – Head of North APAC at Blue Ocean Technologies, LLC. This strategic move highlights Blue Ocean’s commitment to fostering growth and innovation in key financial markets, further supporting investors worldwide.

The new office, located in Yeoido, the financial hub of Seoul, will serve as a key base for Blue Ocean’s operations across the North APAC region, including Korea, Taiwan, Hong Kong, and China.

The official address for the new Blue Ocean Technologies office is: Unit 1902, 19F, Hana Securities Building, 82 Uisadang-daero, Yeongdeungpo-gu, Seoul, Republic of Korea.

“We are excited to welcome SukJoon KIM to our leadership team. His exemDplary background in financial markets and proven track record in building and scaling businesses, and fostering strategic partnerships makes him uniquely qualified to lead Blue Ocean’s future in the Asia-Pacific region,” said Brian Hyndman, Chief Executive Officer, and President of Blue Ocean Technologies. “With SukJoon’s deep understanding of global trading, data, and fintech, combined with his strong local network, he is poised to serve as a key driver of Blue Ocean’s growth in the North APAC region. We are confident that Blue Ocean will strengthen its presence across the region and continue to deliver connectivity to investors globally.”

“I am very pleased to join the leadership team of Blue Ocean. I am very confident that the Blue Ocean service delivers a true value to the financial industry and that North APAC region will be one of the main markets we serve well,” said SukJoon KIM, Vice President of Blue Ocean Technologies. “As Head of North APAC, I will lead the business development across the North APAC region by providing unique value to our customers in Korea, Hong Kong, China and Taiwan.”

SukJoon KIM brings over 25 years of experience in financial markets, with expertise spanning global equity and derivatives exchange trading, financial data services, and AI-driven financial solutions. His career includes key leadership roles at prominent organizations such as Refinitiv/London Stock Exchange Group (LSEG), SunGard/FIS, and KOSCOM. In his most recent position as the Representative Director of LSEG Korea, SukJoon successfully managed relationships with Korean institutions, driving new business development in areas such as financial data platforms, digital transformation, and AI/FinTech solutions. His leadership extended beyond Korea, covering business development in Hong Kong, China, and Taiwan as part of LSEG’s regional leadership team.

This expansion builds on Blue Ocean’s existing presence in the Asia-Pacific region, with an established office in Tokyo, Japan. By deepening its regional footprint, Blue Ocean aims to enhance its support for institutional clients and retail brokers in key financial centers, offering seamless access to U.S. equity markets during non-traditional trading hours.

Through Blue Ocean’s flagship service, Blue Ocean Session, investors in Asia-Pacific markets can trade U.S. National Market System (NMS) stocks overnight, from 8:00 pm to 4:00 am ET, Sunday through Thursday, bridging the gap between the U.S. and Asian trading hours.

About Blue Ocean Technologies

Blue Ocean Technologies, LLC (BOT) is a unique capital markets fintech company empowering global investors by making trading possible during U.S. overnight trading hours. Blue Ocean ATS, LLC, and its trading system Blue Ocean Alternative Trading System (BOATS), currently trade U.S. National Market System (NMS) stocks from 8:00 pm to 4:00 am ET, Sunday – Thursday. Founded in 2019, Blue Ocean ATS is on a mission to transform U.S. trading to global trading via its flagship service, Blue Ocean Session, providing access and transparency to subscribers in all time zones during non-traditional U.S. market hours. For more information, visit www.blueocean-tech.io or contact us at sales@blueoceanats.com.

Press Contact: press@blueocean-tech.io

SecPod SanerNow Named Leader & Outperformer in GigaOm’s Patch Management Report

SanerNow achieves perfect scores in multiple key areas, underlining its patch management effectiveness and leading innovation in the patching space.

REDWOOD CITY, Calif., Jan. 22, 2025 /PRNewswire/ — SecPod is proud to announce its recognition as a Leader and Outperformer in the 2024 GigaOm Radar for Patch Management. This acknowledgment highlights the exceptional innovation and capabilities of SecPod’s flagship solution, SanerNow, in the patch management domain.

SecPod SanerNow Named Leader & Outperformer in GigaOm’s Patch Management Report
SecPod SanerNow Named Leader & Outperformer in GigaOm’s Patch Management Report

SanerNow earned a score of 5/5 in multiple key areas, including patch lifecycle management, patch testing, patch prioritization, and its source repository, further underscoring its comprehensive patch management features.

SanerNow differentiates itself from other patching solutions in its advanced risk-based remediation process that incorporates factors like vulnerability severity and asset criticality to empower organizations to focus their efforts on the most dangerous risks.

“Today’s patch management market is experiencing a profound transformation, driven by AI, threat intelligence, and the growing complexity of cybersecurity challenges,” said Whit Walters. “SecPod’s SanerNow platform offers a practical approach that moves beyond routine updates, integrating patch management with risk assessment and exposure tracking to help organizations address security challenges in increasingly complex IT environment,” Whit Walters, the report’s analyst, states.

Our mission has always been to redefine cybersecurity by making prevention the cornerstone of a safer, cyber-resilient world. Today’s patch management tools often fall short of delivering the holistic and proactive approach organizations need. Being named a Leader and Outperformer in the GigaOm Radar is a testament to our focus on innovation and our commitment to empowering organizations with simplified, automated solutions that stop cyberattacks before they even start,” said Chandrashekhar Basavanna, CEO of SecPod. 

Today’s enterprises need an integrated, automatable, and unified approach to risk remediation to cyberattacks, and SanerNow is built on the Continuous Vulnerability and Exposure Management (CVEM) framework created by SecPod to do just that. Our CVEM framework integrates risk detection, assessment, prioritization, and remediation under a single umbrella to overcome siloed solutions and prevent cyberattacks effectively.

This recognition also further cements SanerNow’s position as a trusted solution for enterprises and organizations of all sizes. By addressing critical vulnerabilities with speed and precision, SanerNow empowers businesses to stay secure in an ever-evolving threat landscape.

For more information on the GigaOm Radar for Patch Management, visit our website. 

About SecPod: SecPod is a SaaS-based cybersecurity technology company created with a singular, unwavering goal of preventing cyberattacks. Founded in 2008, the company provides top-of-the-line advanced vulnerability management and cloud security solutions that strengthen organizations’ cybersecurity posture worldwide. 

 

Back Home by FIFCO: Through AI, Costa Rica returns over 36,000 seashells to their habitat to restore the ecosystem

  • Yearly, airports in Costa Rica confiscate an average of six tons of seashells taken by tourists, causing significant damage to its coastlines.
  • This AI tool, which the country provides to the scientific community, can be trained to properly classify species worldwide and thus return them to their ecosystems of origin.

BOGOTÁ, Colombia, Jan. 22, 2025 /PRNewswire/ –The seemingly harmless practice of collecting seashells as souvenirs is triggering an alarming environmental crisis. Research from the University of Florida and Barcelona found that this extraction degrades coastal ecosystems, endangers biodiversity, alters sediment stability, and weakens the ability of coastlines to withstand the effects of climate change.


In Costa Rica, a significant number of seashells are seized at airports to prevent them from being taken abroad. For decades, these shells were buried because their origin—whether from the Pacific or Caribbean—was unknown, making it impossible to safely return them to the ocean. Without proper classification, returning the shells could pose risks, such as introducing non-native organisms, parasites, or microbes that might disrupt local biodiversity.

To address this issue, the “Back Home” project, led by FIFCO in collaboration with Imperial, the Ministry of Environment and Energy, AERIS, and the University of Costa Rica, has developed a solution that can be replicated globally. This project aims to reintegrate the shells into their appropriate ocean habitats by creating a tool to identify their origin and establishing a protocol for their safe return. Additionally, to slow down extraction, a public awareness platform was launched, featuring a documentary and educational content.

The AI tool developed by FIFCO can classify seashells by ecosystem using a photograph, achieving accuracy rates of up to 90% in mere seconds. The model was trained with over 18,500 images of 525 different species, which enables it to effectively differentiate between shells from the Caribbean and the Pacific, ensuring proper reintegration into their respective environments.

In 2024, more than 36,000 seashells were returned to their natural habitats, restoring their function within marine ecosystems. This milestone emptied storage containers at one airport and marked a shift in how Costa Rica tackles this issue.

The company has made the model’s open-source code available to the scientific community, allowing other countries to train their own classification systems.

For additional information: https://imperial.cr/devueltaacasa/   

 

Quantinuum Announces Plans to Build a New Quantum R&D Center in New Mexico, Anchoring the State’s Quantum Technology Revolution

  • Quantinuum intends to establish cutting-edge research and development hub in New Mexico, a burgeoning epicenter for quantum technology innovation 
  • The proposed center will focus on photonics technologies, which is essential to the advancement of Quantinuum’s trapped ion quantum computing technologies

BROOMFIELD, Colo., Jan. 22, 2025 /PRNewswire/ — Quantinuum, the world’s largest integrated quantum computing company, announced plans today to open a new location in New Mexico. This anticipated site will support ongoing collaborative efforts to advance the photonics technologies critical to furthering Quantinuum’s product development. Photonics, the science and technology of light, is essential to the advancement of Quantinuum’s trapped ion quantum computing technologies, which use light to control and manipulate qubits.

Quantinuum's trapped-ion quantum computer
Quantinuum’s trapped-ion quantum computer

New Mexico has established itself as a leader in quantum information sciences and the development of photonics and other enabling technologies. In July 2024, the U.S. Department of Commerce’s Economic Development Administration, as part of its Tech Hubs program, officially designated Colorado, home to Quantinuum’s U.S. Headquarters, and New Mexico as leading hubs for quantum information technology.

“I am thrilled to welcome Quantinuum to New Mexico, launching a new industry for our state that builds on our proud foundation of innovation,” said New Mexico Governor Michelle Lujan Grisham. “No state is better positioned to transform the momentum of the quantum computing industry into major economic and entrepreneurial growth, and Quantinuum will be a groundbreaking partner in that work. Together we will leverage New Mexico’s assets, including the groundbreaking work being done at our national laboratories and the nation’s best quantum scientists being educated at our universities, to invest in and grow the state’s quantum technologies industry, creating career opportunities for New Mexicans and continuing to build the technology of the future.”

Dr. Rajeeb Hazra, President and CEO of Quantinuum, said, “As the established leader in quantum computing, Quantinuum has found an ideal partner in New Mexico. The state’s dynamic technology ecosystem and highly skilled workforce align perfectly with our strategic goals.”

Quantinuum’s New Mexico location, anticipated to open later this year, is expected to create high-paying jobs and drive economic growth. Quantinuum has a longstanding history of collaboration with experts from the national laboratories in New Mexico, such as Sandia National Laboratories and Los Alamos National Laboratory, and universities, such as The University of New Mexico, in showcasing the performance of the company’s trapped ion quantum computing hardware. These partnerships have not only advanced the exploration of innovative applications and use cases, but have also been instrumental in supporting workforce development, education and various other efforts in the state and region.

The development of technologies for quantum computing is critical to strengthen U.S. economic competitiveness and national security. The robust quantum ecosystem taking rise in New Mexico—from the national labs to universities to the private sector—will help  ensure the United States is a leader in quantum computing.

About Quantinuum

Quantinuum, the world’s largest integrated quantum computing company, pioneers powerful quantum computers and advanced software solutions. Quantinuum’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With more than 550 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents.

For more information, please visit the website at www.quantinuum.com.