IonQ Awarded Contract to Provide Quantum Solutions to United States Air Force Research Laboratory

IonQ Awarded Contract to Provide Quantum Solutions to United States Air Force Research Laboratory

COLLEGE PARK, Maryland, September 30, 2022–(BUSINESS WIRE)–IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced that it has been awarded a $13.4 million contract to supply the research lab with US Air Force (AFRL) access to its trapped ion systems for research on quantum computing hardware and for the development of quantum algorithms and applications.

Quantum computing, systems, and applications have the potential to help the US Air Force protect public and private infrastructure in the United States. The AFRL-IonQ deal, which marks the final commercialization step for IonQ, represents an important public-private partnership for investing in quantum computing.

“Trapped ion systems and their performance demonstrated by algorithmic high qubits (AQ) have very unique properties that make them one of the leading technologies in the development of quantum computing and implementation capabilities. network,” said Michael Hayduk, deputy director of the Directorate of Information at the Air Force Research Laboratory. “This contract solidifies AFRL’s long-term strategic direction in quantum information science. The partnership will accelerate critical quantum science and technology projects, benefiting the Air Force as we seek to maintain our competitive advantage and advance our national security interests.”

In 2021, the United States House of Representatives introduced the Quantum Cybersecurity Preparedness Act, signaling a new emphasis on the need for the United States to invest in quantum, both to protect against attacks foreign actors and to develop the power of quantum computing on the national front. In May 2022, the Biden-Harris administration announced guidelines to support American leadership in quantum computing, and in September the National Security Administration (NSA) shared guidance on the importance of cybersecurity preparedness. against potential adversaries developing quantum systems.

“Quantum computing is the key that we believe will unlock unforeseen efficiency and strength in the development and deployment of American defense technologies,” said IonQ CEO Peter Chapman. “This area of ​​research holds tremendous promise, and we are proud to be among the first to partner with AFRL to strengthen American leadership in this important space.”

IonQ’s work with AFRL continues its momentum of commercial and scientific achievements, which in the past 12 months alone includes research and commercial relationships with Airbus, GE Research, Goldman Sachs, Hyundai and others. The company also recently announced that its industry-leading IonQ Aria system is publicly available on Microsoft Azure Quantum, giving developers, researchers, engineers and industry leaders around the world access to quantum through the cloud. .

This deal with AFRL was included in the late-stage opportunity previously identified in IonQ’s booking forecast which was expected to close in 2022. call for the results of August 15, 2022.

About IonQ

IonQ, Inc. is a leader in quantum computing, with a proven track record in innovation and deployment. IonQ’s current-generation quantum computer, IonQ Forte, is the latest in a line of state-of-the-art systems, including IonQ Aria, an industry-leading 23-qubit algorithmic system. Along with record-breaking performance, IonQ has defined what it thinks is the best way forward to scale. IonQ is the only company whose quantum systems are available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct access through IonQ. IonQ was founded in 2015 by Christopher Monroe and Jungsang Kim based on 25 years of pioneering research. To find out more, visit www.ionq.com.

IonQ Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking terms. Statements that are not historical in nature, including the words “anticipate”, “expect”, “suggest”, “plan”, “believe”, “intend”, “estimate”, ” target”, “project”, “should”, “could”, “would”, “could”, “will”, “forecast” and other similar expressions are intended to identify forward-looking statements. Such statements include those relating to the impact of quantum computing on the development and deployment of U.S. defense technologies, and IonQ’s future financial performance, including management’s financial outlook for the third quarter and full year 2022. forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. Many factors could cause actual future events will differ materially from the forward-looking statements contained in this press release, including, but not limited to: market adoption of quantum computing solutions and IonQ’s products, services and solutions; IonQ’s ability to protect its intellectual property; changes in the competitive industries in which IonQ operates; changes in laws and regulations affecting IonQ’s business; IonQ’s ability to implement its business plans, forecasts and other expectations, and to identify and realize additional partnerships and opportunities; and the risk of market and technology industry downturns, including, but not limited to, due to the COVID-19 pandemic. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of IonQ’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 and other IonQ filings. from time to time with the Security and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and IonQ undertakes no obligation and does not intend to update or revise such forward-looking statements, whether as a result of new information, future events or otherwise. IonQ does not guarantee that it will meet its expectations. Unless otherwise indicated, the content of third party websites and publications accessible through hyperlinks included in this press release does not constitute a part of this press release and is included for textual reference only.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220930005128/en/

contacts

IonQ Media Contact:
press@ionq.com

Contact with IonQ investors:
investors@ionq.com

#IonQ #Awarded #Contract #Provide #Quantum #Solutions #United #States #Air #Force #Research #Laboratory

Leave a Comment

Your email address will not be published. Required fields are marked *