Business UpdateMay 11, 2026, 07:31 AM
Inspira Technologies to Change Name to QTREX Quantum Ltd.
AI Summary
Inspira Technologies OXY B.H.N. Ltd. CEO Dagi Ben-Noon issued a letter to shareholders outlining a strategic shift towards its Additively Manufactured Electronics (AME) platform and quantum connectivity. The company has already generated over $1 million from recent AME transactions, including deployments with a Tier-1 U.S. defense customer and a "Magnificent Seven" technology company. Inspira also announced a joint development agreement with Qarakal Quantum Ltd. and plans to change its name to QTREX Quantum Ltd. to align with its new strategic direction.
Key Highlights
- Company proposes changing its name to QTREX Quantum Ltd., subject to Israeli regulatory approval.
- Strategic focus shifted to Additively Manufactured Electronics (AME) platform and quantum connectivity.
- Generated over $1 million from recent AME platform transactions, with the majority already received in cash.
- Deployed a commercial AME system at a Tier-1 U.S. defense customer.
- Commenced AME implementation process with one of the "Magnificent Seven" U.S. technology companies.
- Signed a joint development agreement with Qarakal Quantum Ltd. to advance quantum connectivity architecture.
- Reallocated capital from the legacy medical business to the AME platform and quantum connectivity program.
- Quantum computing market projected to reach up to $72 billion by 2035 (McKinsey).