Inspira Technologies enters quantum computing with acquired AME platform

Inspira Technologies OXY B.H.N. Ltd. (NASDAQ: IINN) announced its entry into the quantum computing sector, utilizing its recently acquired additive manufactured electronics platform to address connectivity challenges in dilution cryostats.

The company plans to develop a 3D connectivity architecture designed to overcome interconnect density limitations, reduce thermal load, and minimize electromagnetic crosstalk in quantum computing systems. The AME technology has received more than $200 million in investment and demonstrated proof of concept in quantum applications.

Chief Executive Officer Dagi Ben-Noon, a co-founder of Nano Dimension Ltd. (NASDAQ: NNDM) and co-developer of the AME technology, leads the initiative alongside Chief Operating Officer Avi Shabtay. Several Inspira personnel previously worked at Nano Dimension.

"As a co-founder of Nano Dimension and a co-inventor and developer of the AME technology, I have an intimate knowledge of its capabilities," Ben-Noon said. "Together with our experienced leadership team, we believe we have the expertise needed to adapt AME for cryogenic connectivity in quantum computing."

McKinsey projects the quantum computing market could reach $72 billion by 2035, according to the company's statement. The Boston Consulting Group estimates the broader quantum hardware and software market could reach $170 billion by 2040.

Inspira will continue operating its medical technology business, including the INSPIRA ART100 system and HYLA blood monitoring system development, through a dedicated subsidiary.

The company intends to seek shareholder approval to change its corporate name to QTREX Ltd. to align with its quantum computing focus.

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