Tag: GlobeNewswire

RESTON, Va., Nov. 02, 2026 (GLOBE NEWSWIRE) — Science Applications International Corp. (NASDAQ: SAIC) a leading mission integrator supporting defense, space, intelligence, and civilian agencies, announced today that it intends to commence an offering of $400 million aggregate principal amount of senior notes due 2034 (the “Notes”), subject to market and certain other conditions (the “Offering”). The Notes will be guaranteed on a senior unsecured basis by each of SAIC’s existing and future domestic subsidiaries that guarantee SAIC’s obligations under its credit agreement and certain other indebtedness, including its 5.875% Senior Notes due 2033.

SAIC intends to use the net proceeds from the Offering, together with cash on hand, to redeem all of its outstanding 4.875% Senior Notes due 2028 (the “2028 Notes”) and to pay estimated fees and expenses of the Offering. The redemption of the 2028 Notes will be conditioned upon the consummation of the Offering. This press release does not constitute a notice of redemption with respect to the 2028 Notes.

The Notes and the related guarantees are being offered and sold to persons reasonably believed to be “qualified institutional buyers” in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes and the related guarantees have not been registered for sale under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Any offers of the Notes will be made only by means of a private offering memorandum. The Notes being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the applicable private offering memorandum.

About SAIC
SAIC® is a premier mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, intelligence, and civilian markets includes secure high-end solutions in mission IT, enterprise IT, engineering services, and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

We are approximately 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.3 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

Forward-Looking Statements
Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, statements relating to the Offering, our ability to complete the Offering, the anticipated use of net proceeds therefrom, and the redemption of the 2028 Notes. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (the “SEC”), which may be viewed or obtained through the Investor Relations section of our website or on the SEC’s website. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

Media Contact
Caralyn Duke
Senior Manager, Media Relations
publicrelations@saic.com

Investor Relations Contact
Jon Raviv
VP, Investor Relations
investorrelations@saic.com

RESTON, Va., Nov. 02, 2026 (GLOBE NEWSWIRE) — Science Applications International Corp. (NASDAQ: SAIC) a leading mission integrator supporting defense, space, intelligence, and civilian agencies, announced today that it intends to commence an offering of $400 million aggregate principal amount of senior notes due 2034 (the “Notes”), subject to market and certain other conditions (the “Offering”). The Notes will be guaranteed on a senior unsecured basis by each of SAIC’s existing and future domestic subsidiaries that guarantee SAIC’s obligations under its credit agreement and certain other indebtedness, including its 5.875% Senior Notes due 2033.

SAIC intends to use the net proceeds from the Offering, together with cash on hand, to redeem all of its outstanding 4.875% Senior Notes due 2028 (the “2028 Notes”) and to pay estimated fees and expenses of the Offering. The redemption of the 2028 Notes will be conditioned upon the consummation of the Offering. This press release does not constitute a notice of redemption with respect to the 2028 Notes.

The Notes and the related guarantees are being offered and sold to persons reasonably believed to be “qualified institutional buyers” in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes and the related guarantees have not been registered for sale under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Any offers of the Notes will be made only by means of a private offering memorandum. The Notes being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the applicable private offering memorandum.

About SAIC
SAIC® is a premier mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, intelligence, and civilian markets includes secure high-end solutions in mission IT, enterprise IT, engineering services, and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

We are approximately 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.3 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

Forward-Looking Statements
Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, statements relating to the Offering, our ability to complete the Offering, the anticipated use of net proceeds therefrom, and the redemption of the 2028 Notes. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (the “SEC”), which may be viewed or obtained through the Investor Relations section of our website or on the SEC’s website. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

Media Contact
Caralyn Duke
Senior Manager, Media Relations
publicrelations@saic.com

Investor Relations Contact
Jon Raviv
VP, Investor Relations
investorrelations@saic.com

2 November 2026, 13:30 CET

ArcelorMittal (‘the Company’) today announces the publication of its third quarter 2026 sell-side analyst consensus figures.

The consensus figures are based on analysts’ estimates recorded on an external web-based tool provided and managed by an independent company, Visible Alpha.

To arrive at the consensus figures below, Visible Alpha has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. The listed sell-side analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views. ArcelorMittal is neither involved in the collection of the information nor in the compilation of the estimates.

3Q’26 consensus estimates:

     3Q’26    

• EBITDA ($m)   $1,972  
• Adjusted net income* ($m)  $652 
• Adjusted earnings per share* ($) $0.84  

* Adjusted net income and adjusted earnings per share excludes the anticipated non-cash charges related to the idling of ArcelorMittal Kryvyi Rih (Ukraine), as announced on September 25, 2026 (click here).

Equity analyst contributing to consensus:

Sell-side analyst participation of 12 brokers (i.e., those with updated estimates in Visible Alpha). The sell-side analysts who cover ArcelorMittal and whose estimates are included in the 3Q’26 consensus outlined above are the following:

1. Bank of America – Reinhardt Van Der Walt**
2. CITI – Ephrem Ravi, Krishan Agarwal
3. Deutsche Bank – Bastian Synagowitz
4. Goldman Sachs – Matt Greene
5. ING – Stijn Demeester**
6. Jefferies – Cole Hathorn
7. Kepler – Boris Bourdet
8. Keybanc – Samuel Mckinney**
9. Morgan Stanley – Alain Gabriel
10. Oddo – Maxime Kogge
11. UBS – Andrew Jones
12. Wells Fargo – Timna Tanners**

**Analysts whose estimates have not yet been appropriately updated to reflect the previously announced Ukraine impairment have been excluded from the adjusted net income and adjusted EPS consensus.

Disclaimer

Estimates based on Visible Alpha consensus dated 30.10.26. The disclaimer is:

The information provided by Visible Alpha cited herein is provided “as is” and “as available” without warranty of any kind. Use of any Visible Alpha data is at a user’s own risk and Visible Alpha disclaims any liability for use of the Visible Alpha data. Although the information is obtained or compiled from reliable sources Visible Alpha neither can nor does guarantee or make any representation or warranty, either express or implied, as to the accuracy, validity, sequence, timeliness, completeness or continued availability of any information or data, including third-party content, made available herein. In no event shall Visible Alpha be liable for any decision made or action or inaction taken in reliance on any information or data, including third-party content. Visible Alpha further explicitly disclaims, to the fullest extent permitted by applicable law, any warranty of any kind, whether express or implied, including warranties of merchantability, fitness for a particular purpose and non-infringement.

The consensus estimate is based on estimates, forecasts and predictions made by third party financial analysts, as described above. It is not prepared based on information provided or checked by ArcelorMittal and can only be seen as a consensus view on ArcelorMittal’s results from an outside perspective. ArcelorMittal has not provided input on these forecasts, except by referring to past publicly disclosed information. ArcelorMittal does not accept any responsibility for the quality or accuracy of any individual forecast or estimate. This web page may contain forward-looking statements based on current assumptions and forecasts made by ArcelorMittal or third parties. Various known and unknown risks, uncertainties and other factors could lead to material differences between ArcelorMittal’s actual future results, financial situation, development or performance, and the estimates given here. These factors include those discussed in ArcelorMittal’s periodic reports available on http://corporate.arcelormittal.com/.

ENDS

About ArcelorMittal
 
ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 14 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2025 generated revenues of $61.4 billion, produced 55.6 million metric tonnes of crude steel and 48.8 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change.
 
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
   
http://corporate.arcelormittal.com/  

ArcelorMittal Investor Relations contact information
General	+44 20 7543 1128
Retail	+44 20 3214 2893
Bonds/Credit	+33 157 955 035

ArcelorMittal Corporate Communications contact information
Paul Weigh
Tel:	+44 20 3214 2419
E-mail	press@arcelormittal.com

Attachment

• ArcelorMittal announces the publication of its third quarter 2026 sell-side analyst consensus figures FINAL 021126

2 November 2026, 13:30 CET

ArcelorMittal (‘the Company’) today announces the publication of its third quarter 2026 sell-side analyst consensus figures.

The consensus figures are based on analysts’ estimates recorded on an external web-based tool provided and managed by an independent company, Visible Alpha.

To arrive at the consensus figures below, Visible Alpha has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. The listed sell-side analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views. ArcelorMittal is neither involved in the collection of the information nor in the compilation of the estimates.

3Q’26 consensus estimates:

     3Q’26    

• EBITDA ($m)   $1,972  
• Adjusted net income* ($m)  $652 
• Adjusted earnings per share* ($) $0.84  

* Adjusted net income and adjusted earnings per share excludes the anticipated non-cash charges related to the idling of ArcelorMittal Kryvyi Rih (Ukraine), as announced on September 25, 2026 (click here).

Equity analyst contributing to consensus:

Sell-side analyst participation of 12 brokers (i.e., those with updated estimates in Visible Alpha). The sell-side analysts who cover ArcelorMittal and whose estimates are included in the 3Q’26 consensus outlined above are the following:

1. Bank of America – Reinhardt Van Der Walt**
2. CITI – Ephrem Ravi, Krishan Agarwal
3. Deutsche Bank – Bastian Synagowitz
4. Goldman Sachs – Matt Greene
5. ING – Stijn Demeester**
6. Jefferies – Cole Hathorn
7. Kepler – Boris Bourdet
8. Keybanc – Samuel Mckinney**
9. Morgan Stanley – Alain Gabriel
10. Oddo – Maxime Kogge
11. UBS – Andrew Jones
12. Wells Fargo – Timna Tanners**

**Analysts whose estimates have not yet been appropriately updated to reflect the previously announced Ukraine impairment have been excluded from the adjusted net income and adjusted EPS consensus.

Disclaimer

Estimates based on Visible Alpha consensus dated 30.10.26. The disclaimer is:

The information provided by Visible Alpha cited herein is provided “as is” and “as available” without warranty of any kind. Use of any Visible Alpha data is at a user’s own risk and Visible Alpha disclaims any liability for use of the Visible Alpha data. Although the information is obtained or compiled from reliable sources Visible Alpha neither can nor does guarantee or make any representation or warranty, either express or implied, as to the accuracy, validity, sequence, timeliness, completeness or continued availability of any information or data, including third-party content, made available herein. In no event shall Visible Alpha be liable for any decision made or action or inaction taken in reliance on any information or data, including third-party content. Visible Alpha further explicitly disclaims, to the fullest extent permitted by applicable law, any warranty of any kind, whether express or implied, including warranties of merchantability, fitness for a particular purpose and non-infringement.

The consensus estimate is based on estimates, forecasts and predictions made by third party financial analysts, as described above. It is not prepared based on information provided or checked by ArcelorMittal and can only be seen as a consensus view on ArcelorMittal’s results from an outside perspective. ArcelorMittal has not provided input on these forecasts, except by referring to past publicly disclosed information. ArcelorMittal does not accept any responsibility for the quality or accuracy of any individual forecast or estimate. This web page may contain forward-looking statements based on current assumptions and forecasts made by ArcelorMittal or third parties. Various known and unknown risks, uncertainties and other factors could lead to material differences between ArcelorMittal’s actual future results, financial situation, development or performance, and the estimates given here. These factors include those discussed in ArcelorMittal’s periodic reports available on http://corporate.arcelormittal.com/.

ENDS

About ArcelorMittal
 
ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 14 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2025 generated revenues of $61.4 billion, produced 55.6 million metric tonnes of crude steel and 48.8 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change.
 
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
   
http://corporate.arcelormittal.com/  

ArcelorMittal Investor Relations contact information
General	+44 20 7543 1128
Retail	+44 20 3214 2893
Bonds/Credit	+33 157 955 035

ArcelorMittal Corporate Communications contact information
Paul Weigh
Tel:	+44 20 3214 2419
E-mail	press@arcelormittal.com

Attachment

• ArcelorMittal announces the publication of its third quarter 2026 sell-side analyst consensus figures FINAL 021126

Baltic Horizon Capital AS, the management company of Baltic Horizon Fund, hereby informs of changes in the management board.

This follows the announcement of 15 October 2026, where Baltic Horizon Capital AS proposed Ülari Niinemägi for appointment to the management board of Baltic Horizon Capital AS.

On 30 October 2026, the Supervisory Board of Baltic Horizon Capital AS elected Ülari Niinemägi as a new member of the management board starting 1 November 2026 for a period of four years.

Ülari Niinemägi strengthens the Fund’s asset management team, working alongside Edvinas Karbauskas, the Fund Manager, in managing Baltic Horizon Fund’s portfolio. Starting from 1 November 2026, the management board of Baltic Horizon Capital AS consists of Edvinas Karbauskas (the Chairman of the Board), Gerda Bliuvienė and Ülari Niinemägi.

Ülari Niinemägi has more than twenty years of experience in commercial real estate asset and property management in the Baltics. Since December 2025, he has been responsible for the day-to-day management of Baltic Horizon Fund’s Estonian properties. Before that, from November 2022 to December 2025, he managed US Real Estate’s cash-flow portfolio in Tallinn. From 2007 to 2019, he worked at BPT Real Estate, where he was the chief executive officer of the Estonian unit from 2016, having previously led the group’s development activities in Estonia, Latvia, Lithuania and Poland. Ülari holds a diploma in real estate management from Tallinn University of Technology.

For additional information, please contact:

Edvinas Karbauskas
Baltic Horizon Fund manager
E-mail edvinas.karbauskas@baltichorizon.com
www.baltichorizon.com

Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Baltic Horizon Capital AS.

Distribution: GlobeNewswire, Nasdaq Tallinn, www.baltichorizon.com

To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on LinkedIn and YouTube.

Baltic Horizon Capital AS, the management company of Baltic Horizon Fund, hereby informs of changes in the management board.

This follows the announcement of 15 October 2026, where Baltic Horizon Capital AS proposed Ülari Niinemägi for appointment to the management board of Baltic Horizon Capital AS.

On 30 October 2026, the Supervisory Board of Baltic Horizon Capital AS elected Ülari Niinemägi as a new member of the management board starting 1 November 2026 for a period of four years.

Ülari Niinemägi strengthens the Fund’s asset management team, working alongside Edvinas Karbauskas, the Fund Manager, in managing Baltic Horizon Fund’s portfolio. Starting from 1 November 2026, the management board of Baltic Horizon Capital AS consists of Edvinas Karbauskas (the Chairman of the Board), Gerda Bliuvienė and Ülari Niinemägi.

Ülari Niinemägi has more than twenty years of experience in commercial real estate asset and property management in the Baltics. Since December 2025, he has been responsible for the day-to-day management of Baltic Horizon Fund’s Estonian properties. Before that, from November 2022 to December 2025, he managed US Real Estate’s cash-flow portfolio in Tallinn. From 2007 to 2019, he worked at BPT Real Estate, where he was the chief executive officer of the Estonian unit from 2016, having previously led the group’s development activities in Estonia, Latvia, Lithuania and Poland. Ülari holds a diploma in real estate management from Tallinn University of Technology.

For additional information, please contact:

Edvinas Karbauskas
Baltic Horizon Fund manager
E-mail edvinas.karbauskas@baltichorizon.com
www.baltichorizon.com

Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Baltic Horizon Capital AS.

Distribution: GlobeNewswire, Nasdaq Tallinn, www.baltichorizon.com

To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on LinkedIn and YouTube.

In its first run on a real quantum processor, Quantum X Labs’ Qatacomb scheme successfully recovered an encrypted image using a 156-qubit machine, while an adversary without the key gained no usable information in the demonstration, illustrating a privacy guarantee designed to hold regardless of an adversary’s computing power

TEL AVIV, Israel, Nov. 02, 2026 (GLOBE NEWSWIRE) — Quantum X Labs Inc. (NASDAQ: QXL) (“Quantum X Labs” or the “Company”), a quantum technology company developing quantum computing, quantum sensing, quantum error correction and quantum applications technologies, today reported the first demonstration of its Qatacomb quantum encryption scheme on commercial quantum hardware.

In a run on an IBM Quantum Heron r2 processor, programmed through IBM’s open-source Qiskit framework, the intended recipient reconstructed an encrypted image by reading through the machine’s own noise, while an adversary who did not hold the key gained no usable information about the message.

The Company believes the significance lies in the kind of guarantee the scheme is designed to provide. Most encryption in use today rests on mathematical problems that are hard to solve with current computers, and a sufficiently capable quantum computer is widely expected to be able to break much of it. Qatacomb is instead designed so that its privacy follows from the structure of quantum states themselves: it is intended to be information-theoretic, meaning its security is not designed to depend on any assumption about how much computing power an adversary can bring to bear, now or in the future.

The demonstration moves Qatacomb from theory to testing on a real device. The intended recipient, holding the key, recovered the correct content for better than nine of every ten image elements and reconstructed the full image without error – despite the processor’s real noise. The adversary’s best possible measurement, evaluated exactly, returned no usable advantage.

About Quantum X Labs Inc.

Quantum X Labs Inc. and its subsidiaries are focused on quantum technology, digital advertising and computing and enterprise artificial intelligence (AI) solutions. Quantum X Labs Ltd. is focused on developing and promoting quantum algorithms for the transportation, drug discovery and security segments as well as developing quantum- based GPS replacement and quantum atom accuracy solutions. Gix Media develops a variety of technological software solutions, which perform automation, optimization and monetization of internet campaigns, for the purposes of acquiring and routing internet user traffic to its customers. Metagramm is a developer of grammatical error correction software and offers tools for writing and reviewing, grammar, spelling, punctuation and style features, as well as translation and multilingual dictionaries, using artificial intelligence and machine learning technology.

 For more information about Quantum X Labs, visit https://quantumxlabs.xyz/

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Forward-looking statements contained in this press release include, but are not limited to, statements regarding Quantum X Labs’ and its subsidiaries’ strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the impact of trends on and interest in its business, intellectual property, products and its future results, operations and financial performance and condition and may be identified by the use of words such as “may,” “seek,” “will,” “consider,” “likely,” “assume,” “estimate,” “expect,” “anticipate,” “intend,” “believe,” “do not believe,” “aim,” “predict,” “plan,” “project,” “continue,” “potential,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” or their negatives or variations, and similar terminology and words of similar import, generally involve future or forward-looking statements. For example, the Company is using forward-looking statements when it discusses the intended security and privacy characteristics of Qatacomb, including its intended information-theoretic security and its design not to depend on assumptions regarding an adversary’s computing power; the potential significance, capabilities, benefits and applications of Qatacomb and the Company’s quantum encryption technologies; and the Company’s continued development, testing and commercialization of Qatacomb and its other quantum technologies. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s most recent Annual Report on Form 10-K and in subsequent filings with the SEC. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Quantum X Labs is not responsible for the content of third-party websites.

IBM, IBM Quantum, Heron and Qiskit are trademarks or registered trademarks of International Business Machines Corporation. Use of these names does not imply any affiliation with, or endorsement by, International Business Machines Corporation.

Investor Relations Contacts:

Michal Efraty
Investor Relations
michal@efraty.com 

In its first run on a real quantum processor, Quantum X Labs’ Qatacomb scheme successfully recovered an encrypted image using a 156-qubit machine, while an adversary without the key gained no usable information in the demonstration, illustrating a privacy guarantee designed to hold regardless of an adversary’s computing power

TEL AVIV, Israel, Nov. 02, 2026 (GLOBE NEWSWIRE) — Quantum X Labs Inc. (NASDAQ: QXL) (“Quantum X Labs” or the “Company”), a quantum technology company developing quantum computing, quantum sensing, quantum error correction and quantum applications technologies, today reported the first demonstration of its Qatacomb quantum encryption scheme on commercial quantum hardware.

In a run on an IBM Quantum Heron r2 processor, programmed through IBM’s open-source Qiskit framework, the intended recipient reconstructed an encrypted image by reading through the machine’s own noise, while an adversary who did not hold the key gained no usable information about the message.

The Company believes the significance lies in the kind of guarantee the scheme is designed to provide. Most encryption in use today rests on mathematical problems that are hard to solve with current computers, and a sufficiently capable quantum computer is widely expected to be able to break much of it. Qatacomb is instead designed so that its privacy follows from the structure of quantum states themselves: it is intended to be information-theoretic, meaning its security is not designed to depend on any assumption about how much computing power an adversary can bring to bear, now or in the future.

The demonstration moves Qatacomb from theory to testing on a real device. The intended recipient, holding the key, recovered the correct content for better than nine of every ten image elements and reconstructed the full image without error – despite the processor’s real noise. The adversary’s best possible measurement, evaluated exactly, returned no usable advantage.

About Quantum X Labs Inc.

Quantum X Labs Inc. and its subsidiaries are focused on quantum technology, digital advertising and computing and enterprise artificial intelligence (AI) solutions. Quantum X Labs Ltd. is focused on developing and promoting quantum algorithms for the transportation, drug discovery and security segments as well as developing quantum- based GPS replacement and quantum atom accuracy solutions. Gix Media develops a variety of technological software solutions, which perform automation, optimization and monetization of internet campaigns, for the purposes of acquiring and routing internet user traffic to its customers. Metagramm is a developer of grammatical error correction software and offers tools for writing and reviewing, grammar, spelling, punctuation and style features, as well as translation and multilingual dictionaries, using artificial intelligence and machine learning technology.

 For more information about Quantum X Labs, visit https://quantumxlabs.xyz/

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Forward-looking statements contained in this press release include, but are not limited to, statements regarding Quantum X Labs’ and its subsidiaries’ strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the impact of trends on and interest in its business, intellectual property, products and its future results, operations and financial performance and condition and may be identified by the use of words such as “may,” “seek,” “will,” “consider,” “likely,” “assume,” “estimate,” “expect,” “anticipate,” “intend,” “believe,” “do not believe,” “aim,” “predict,” “plan,” “project,” “continue,” “potential,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” or their negatives or variations, and similar terminology and words of similar import, generally involve future or forward-looking statements. For example, the Company is using forward-looking statements when it discusses the intended security and privacy characteristics of Qatacomb, including its intended information-theoretic security and its design not to depend on assumptions regarding an adversary’s computing power; the potential significance, capabilities, benefits and applications of Qatacomb and the Company’s quantum encryption technologies; and the Company’s continued development, testing and commercialization of Qatacomb and its other quantum technologies. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s most recent Annual Report on Form 10-K and in subsequent filings with the SEC. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Quantum X Labs is not responsible for the content of third-party websites.

IBM, IBM Quantum, Heron and Qiskit are trademarks or registered trademarks of International Business Machines Corporation. Use of these names does not imply any affiliation with, or endorsement by, International Business Machines Corporation.

Investor Relations Contacts:

Michal Efraty
Investor Relations
michal@efraty.com 

AS Harju Elekter Group is making a change in the management of its Finnish subsidiary, Harju Elekter Oy. As of today, 2 November 2026, Rauno Stüff will assume the position of Managing Director, succeeding the current Managing Director, Jari Jylli.

Electrification, investments in energy infrastructure, and growing demand for power distribution solutions are creating favorable growth opportunities in the Finnish electricity infrastructure market. At the same time, Harju Elekter Oy’s performance to date and the development of its higher value-added, project-based business have not met the Group’s expectations. To better capitalize on the opportunities available in the market, Harju Elekter Group considers it necessary to strengthen the company’s sales and marketing activities, further develop customer relationships, and accelerate the implementation of strategic changes. The purpose of this management change is to provide a clearer focus for these initiatives, enhance Harju Elekter Oy’s competitiveness, and create the conditions for the company’s long-term profitable growth.

Rauno Stüff holds a master’s degree in international business administration from Concordia International University Estonia and has further developed his expertise through various international leadership and business management programmes. He has more than 25 years of experience in sales, marketing, business development, and corporate management. Throughout his career, he has held senior management positions at Procter & Gamble, Saku Õlletehas, Olympic Entertainment Group, Omniva, Brenstol (Thermory), and Apollo Kino. Most recently, he served as Chief Executive Officer and Commercial Director of Örum Group / Mercantile AS, where he was responsible for managing business operations in Estonia and Finland. Rauno Stüff owns 327 shares in Harju Elekter Group.

Harju Elekter expresses its gratitude to its outgoing Managing Director Jari Jylli for his contributions to the company and extends its best wishes for his future endeavors.

Harju Elekter is an international industrial group with extensive experience in providing future proof solutions for electrical power distribution. We engineer, manufacture, and install electrification solutions for utilities, industries, infrastructure, public and commercial buildings. The entities of Harju Elekter Group in Estonia, Finland, Sweden, and Lithuania employ around 845 people, and the Group’s revenue in nine months of 2026 was 118.2 million euros.

Tiit Atso
Chairman of the Management Board
Tel +372 674 7400

AS Harju Elekter Group is making a change in the management of its Finnish subsidiary, Harju Elekter Oy. As of today, 2 November 2026, Rauno Stüff will assume the position of Managing Director, succeeding the current Managing Director, Jari Jylli.

Electrification, investments in energy infrastructure, and growing demand for power distribution solutions are creating favorable growth opportunities in the Finnish electricity infrastructure market. At the same time, Harju Elekter Oy’s performance to date and the development of its higher value-added, project-based business have not met the Group’s expectations. To better capitalize on the opportunities available in the market, Harju Elekter Group considers it necessary to strengthen the company’s sales and marketing activities, further develop customer relationships, and accelerate the implementation of strategic changes. The purpose of this management change is to provide a clearer focus for these initiatives, enhance Harju Elekter Oy’s competitiveness, and create the conditions for the company’s long-term profitable growth.

Rauno Stüff holds a master’s degree in international business administration from Concordia International University Estonia and has further developed his expertise through various international leadership and business management programmes. He has more than 25 years of experience in sales, marketing, business development, and corporate management. Throughout his career, he has held senior management positions at Procter & Gamble, Saku Õlletehas, Olympic Entertainment Group, Omniva, Brenstol (Thermory), and Apollo Kino. Most recently, he served as Chief Executive Officer and Commercial Director of Örum Group / Mercantile AS, where he was responsible for managing business operations in Estonia and Finland. Rauno Stüff owns 327 shares in Harju Elekter Group.

Harju Elekter expresses its gratitude to its outgoing Managing Director Jari Jylli for his contributions to the company and extends its best wishes for his future endeavors.

Harju Elekter is an international industrial group with extensive experience in providing future proof solutions for electrical power distribution. We engineer, manufacture, and install electrification solutions for utilities, industries, infrastructure, public and commercial buildings. The entities of Harju Elekter Group in Estonia, Finland, Sweden, and Lithuania employ around 845 people, and the Group’s revenue in nine months of 2026 was 118.2 million euros.

Tiit Atso
Chairman of the Management Board
Tel +372 674 7400