TORONTO, Feb. 13, 2026 – Xanadu Quantum Technologies Inc., a leader in photonic quantum computing, has announced the publication of a groundbreaking quantum algorithm aimed at reducing the resource requirements for simulating photochemical reactions on fault-tolerant quantum computers. The algorithm is detailed in a pre-print research paper titled “Efficient Simulation of Pre-Born-Oppenheimer Dynamics on a Quantum Computer.” This research paves the way for exploring phenomena critical to a range of applications, including photolithography, sustainable energy, and atmospheric chemistry.

The traditional approach to simulating chemical processes relies heavily on the Born-Oppenheimer approximation, which separates nuclear and electronic motions. While effective in many cases, this approximation falters in scenarios where electronic states are closely intertwined, particularly in photochemical reactions essential to various industries such as energy, aerospace, and semiconductors.

Xanadu’s innovative research employs a quantum algorithm that allows for the simultaneous simulation of both nuclear and electronic motions, transcending the limitations of the Born-Oppenheimer approximation. This advancement results in a level of accuracy that surpasses that achievable by classical computing methods.

A notable aspect of Xanadu’s algorithm is its efficiency, requiring significantly fewer resources than previous state-of-the-art solutions. For example, when simulating a common acid-base reaction—specifically, the interaction between ammonia and boron trifluoride—the new algorithm demonstrates a reduction in computational cost by over an order of magnitude compared to earlier methods.

Christian Weedbrook, Founder and Chief Executive Officer of Xanadu, states, “Accurately simulating nonadiabatic dynamics remains a formidable challenge for classical computation. By significantly lowering the resource requirements for simulation on a fault-tolerant quantum computer, we are positioning this technology as an essential tool for photochemical processes found in many important industries.”

This quantum algorithm is particularly advantageous for reactions in organic and photo-organic systems, which are crucial for advancing numerous significant technologies. The research signifies a foundational advancement towards Xanadu’s overarching mission of developing quantum computers that are both practical and accessible to a global audience.

About Xanadu

Xanadu is a Canadian quantum computing firm focused on creating useful and accessible quantum computers. Established in 2016, it has rapidly ascended to become one of the foremost companies in quantum hardware and software. Xanadu also spearheads the development of PennyLane, an open-source software library designed for quantum computing and application development. For more information, please visit xanadu.ai or follow Xanadu on Twitter at @XanaduAI.

Business Combination

Xanadu has recently entered into a business combination agreement with Crane Harbor Acquisition Corp. (Nasdaq: CHAC), a publicly traded special purpose acquisition company. The resulting entity, which will be named Xanadu Quantum Technologies Limited, is anticipated to be capitalized with approximately US $500 million in gross proceeds. This amount comprises around US $225 million from Crane Harbor’s trust account, assuming no redemptions by Crane Harbor’s public stockholders, along with US $275 million from a group of strategic and institutional investors participating in the transaction through a private placement investment.

The newly formed company is expected to be listed on both the Nasdaq Stock Market and the Toronto Stock Exchange.

About Crane Harbor Acquisition Corp

Crane Harbor Acquisition Corp is a blank check company established to effect a merger, share exchange, asset acquisition, share purchase, reorganisation, or similar business combination with one or more businesses.

Additional Information About the Proposed Transaction

The proposed business combination will be presented to shareholders of both Crane Harbor and Xanadu for their approval. The two companies have jointly submitted a registration statement on Form F-4 to the U.S. Securities and Exchange Commission (SEC). This statement includes a proxy statement/prospectus that will be distributed to Crane Harbor’s shareholders in connection with the solicitation of proxies for the vote regarding the proposed transaction and other related matters.

Shareholders are encouraged to review these documents, as they will contain vital information regarding the companies and the proposed transaction. For additional information, shareholders may access the SEC’s website at www.sec.gov or Crane Harbor’s website at www.craneharboracquisition.com, or by contacting investors@xanadu.ai.

This communication contains forward-looking statements within the meaning of the U.S. federal securities laws.