QTREX lands Fortune 500 order for AME system, boosting quantum hardware base

QTREX Quantum's AME platform, which builds electronics layer by layer using advanced materials, just landed its biggest commercial validation yet.

QTREX Quantum Ltd. received a purchase order from a Fortune 500 multinational for its Additively Manufactured Electronics system, marking the strongest commercial signal yet for the Israeli company's push into quantum computing hardware.

"Conventional manufacturing is reaching its limits in advanced electronics," Dagi Ben-Noon, chief executive officer of QTREX, said. "Our AME platform provides capabilities that conventional technologies simply cannot replicate, and that advantage is most visible in quantum connectivity."

The customer, headquartered in the US, will take delivery at a site outside the country. QTREX did not disclose the order value or the customer's name. The system creates intricate structures with advanced materials in a single workflow, enabling complexity that traditional manufacturing cannot achieve, the company said. The order adds to a string of recent wins, including a $596,000 AME system sale to an Irish university on May 1 and a joint development agreement with Qarakal for cryogenic interconnects on Apr 30.

QTREX shares have surged more than 400% over the past year to about $3.07, giving the company a market capitalization of $133.8 million. The company remains unprofitable, with a loss of $0.45 per share over the trailing 12 months, though analysts project revenue growth of 165% for fiscal 2026. A $75 million shelf registration filed in November 2025 gives the company financing flexibility but also poses potential dilution risk.

The order expands QTREX's commercial AME footprint with a global enterprise customer and is expected to contribute to upcoming financial results, the company said. Ben-Noon said the company is establishing a commercial revenue base that already exceeds the most recently reported annual revenues of certain publicly traded quantum computing companies.

QTREX, which trades on the Nasdaq under the ticker QTEX, rebranded from Inspira Technologies on May 19 as part of a strategic shift toward quantum infrastructure. The company continues to maintain its medical technology portfolio, including respiratory support and blood monitoring platforms, while working to monetize those assets.

The AME platform targets a bottleneck in quantum computing: connectivity within dilution cryostats, the ultra-cold environments where quantum processors operate. Conventional manufacturing cannot achieve the density and materials integration required for scaling quantum systems, according to the company. QTREX is also advancing AME applications for defense, aerospace and other mission-critical environments.

The company said it is actively engaging with additional prospective tier-1 customers and expects to provide further updates as its commercial pipeline advances.

This article is for informational purposes only and does not constitute investment advice.