Latest news with #2025ExcellenceIndex1000
Yahoo
08-05-2025
- Business
- Yahoo
IonQ Announces Intention to Acquire Lightsynq, Expediting Quantum Computing, Quantum Internet, and Offering Clear Path to Millions of Qubits
"We're excited to work alongside the world-class quantum computing and networking teams at IonQ. Together we intend to move faster than any other player in the industry to deliver data-center-scale quantum computers that can deliver transformative value to customers," said CEO of Lightsynq, Dr. Mihir Bhaskar. "Our photonic interconnect will integrate with IonQ's quantum processing units (QPUs) to boost connection speeds and ensure long term market-leading scale and power in quantum computing. Our interconnect will also be critical for IonQ to build the quantum internet, enabling entirely new applications for customers in the financial, telecommunications, aerospace, and defense sectors." "IonQ's vision has always been to scale our quantum networks through quantum repeaters, and scale our quantum compute power through photonic interconnects. Today's announcement of our intention to acquire Lightsynq helps accelerate both roadmaps," said Niccolo de Masi, CEO of IonQ. "We are pleased to welcome Lightsynq founders Dr. Mihir Bhaskar, Dr. Bart Machielese, Dr. David Levonian and the rest of the Lightsynq team to IonQ. Their groundbreaking technology will accelerate IonQ's commercial quantum computer delivery to 10,000s and ultimately millions of qubits." Story Continues IonQ will also acquire ownership of Lightsynq's portfolio of over 20 technology patents and patent applications related to quantum memory, further strengthening IonQ's growing intellectual property position. The acquisition of Lightsynq follows IonQ's recent quantum computing and networking momentum, including the recently announced joint development of a new quantum computing innovation center with EPB in Chattanooga, TN, housing the first quantum computing and networking hub in the U.S. IonQ has also recently acquired Qubitekk and ID Quantique, two leaders in the quantum networking industry, and signed networking contracts with defense and intelligence organizations like the Applied Research Laboratory for Intelligence and Security (ARLIS) and the U.S. Air Force Research Laboratory (AFRL). Advisor Wilson Sonsini Goodrich & Rosati is serving as legal counsel to IonQ. Goodwin Procter LLP is serving as legal counsel to Lightsynq. About IonQ IonQ, Inc. is a leader in the quantum computing and networking industries, delivering high-performance systems aimed at solving the world's largest and most complex commercial and research use cases. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at About Lightsynq Lightsynq is a quantum interconnect company founded by Harvard quantum networking experts and former AWS research leads Dr. Mihir Bhaskar (CEO), Dr. Bart Machielse (CTO) and Dr. David Levonian (CPO). Lightsynq's founders built the first-ever quantum repeater capable of extending the range of quantum networks, a key technology enabling quantum devices to connect together in a future Quantum Internet. Lightsynq's core mission is to use this same technology to build the world's best quantum interconnects to link quantum processors at high speeds and overcome the bottleneck of single-system scaling. 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 words. Statements that are not historical in nature, including the words "anticipate," "develop," "vision," "intention," "will," "accelerate," "enable," "eventually," "goal," "advance," "unlock," "growing," "ultimately," and other similar expressions are intended to identify forward-looking statements. These statements include the anticipated closing of the acquisition; those related to IonQ and Lightsynq's quantum computing and internet capabilities and plans; IonQ and Lightsynq's technology driving commercial quantum advantage or delivering scalable, fault-tolerant quantum computing in the future; the relevance and utility of quantum algorithms and applications run on IonQ and Lightsynq's quantum computers; the necessity, effectiveness, and future impacts of IonQ and Lightsynq's offerings available today; Lightsynq personnel joining IonQ; the ability of Lightsynq's technology to accelerate the development and scale of IonQ's systems and offerings; the potential impact of photonic interconnect technology on IonQ and Lightsynq's systems and offerings; and the scalability, fidelity, efficiency, viability, accessibility, effectiveness, importance, reliability, performance, speed, impact, practicality, feasibility, and commercial-readiness of IonQ and Lightsynq's offerings. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ and Lightsynq's ability to implement their technical roadmap; changes in the competitive industries in which IonQ and Lightsynq operate, including development of competing technologies; IonQ and Lightsynq's ability to deliver, and customers' ability to generate, value from IonQ and Lightsynq's offerings; IonQ and Lightsynq's ability to deliver higher speed, fidelity gates, and multi-nodal qubit operations with fewer errors, enhance information transfer and network accuracy, or reduce noise and errors; IonQ and Lightsynq's ability to sell effectively to government entities and large enterprises; changes in laws and regulations affecting IonQ, Lightsynq, and their suppliers' businesses; IonQ and Lightsynq's ability to implement their business plans, forecasts, roadmaps and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ and Lightsynq's ability to effectively enter new markets; IonQ and Lightsynq's ability to deliver services and products within currently anticipated timelines; IonQ's and Lightsynq's inability to attract and retain key personnel; IonQ's ability to effectively integrate its acquisitions of Qubitekk, Inc. ID Quantique and Lightsynq's assets and close its acquisition of Lightsynq; IonQ's ability to hire and maintain the services of Lightsynq personnel; IonQ and Lightsynq's customers deciding or declining to extend contracts into new phases; the inability of IonQ and Lightsynq's suppliers to deliver components that meet expectations timely; changes in U.S. government spending or policy that may affect IonQ and Lightsynq's customers; and risks associated with U.S. government sales, including availability of funding and provisions that allow the government to unilaterally terminate or modify contracts for convenience; changes in laws and regulations affecting IonQ and Lightsynq's patents; and IonQ and Lightsynq's ability to maintain or obtain patent protection for its products and technology, including with sufficient breadth to provide a competitive advantage. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the IonQ's filings, including but not limited to those described in the "Risk Factors" section of IonQ's most recent periodic financial report (Forms 10-Q or 10-K) filed by IonQ with the Securities 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 put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future. View source version on Contacts IonQ Media contact: Jane Mazur press@ IonQ Investor Contact: investors@
Business Wire
05-05-2025
- Business
- Business Wire
IonQ Appoints Jordan Shapiro to President and General Manager, Quantum Networking
COLLEGE PARK, Md.--(BUSINESS WIRE)--IonQ (NYSE: IONQ), the leading commercial quantum computing and networking company, today named Jordan Shapiro as President and General Manager, Quantum Networking, effective immediately. Shapiro previously served as Vice President Financial Planning & Analysis, Corporate Development and Investor Relations. In his new role, Shapiro will oversee the company's quantum networking business, guiding IonQ's technical roadmap to build critical infrastructure for the quantum internet. His leadership will focus on integrating recent strategic acquisitions and advancing IonQ's position in quantum-secure communications. 'Jordan has played a pivotal role in shaping IonQ's strategy and growth over the last five years, and we're thrilled to have him step into this new leadership role,' said Niccolo de Masi, President and CEO of IonQ. 'His deep understanding of our business makes this a natural transition. As we scale our quantum networking efforts, Jordan's leadership, strategic vision, and operational insight will be instrumental in helping us execute on our roadmap and deliver on the promise of the quantum internet.' Shapiro, who holds two engineering degrees from Stanford University, joined IonQ's executive team in 2020, after initially working with the company as a venture capitalist at New Enterprise Associates and after investing personally in IonQ during the company's early stages. At IonQ, he has held roles across the company's business and led corporate development and financial operations. Most recently, Shapiro spearheaded the company's expansion into quantum networking through acquisitions of Qubitekk and a majority stake in ID Quantique. 'I'm honored to lead IonQ's quantum networking business in our pursuit of creating an architecture for the quantum internet, which we believe will enable the most secure communications and the most powerful computing ever built,' said Shapiro. 'With the addition of outstanding teams from Qubitekk and ID Quantique, we've significantly accelerated our progress in secure quantum communications. I look forward to deepening these partnerships and continuing to position IonQ at the forefront of this rapidly evolving field.' This leadership appointment underscores IonQ's commitment to innovation across both its quantum computing and quantum networking divisions. About IonQ IonQ, Inc. is a leader in the quantum computing and networking industries, delivering high-performance systems aimed at solving the world's largest and most complex commercial and research use cases. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at 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 words. Statements that are not historical in nature, including the words 'will' and other similar expressions are intended to identify forward-looking statements. These statements include those related to the IonQ's intention to advance its quantum networking and communications capabilities and plans. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ's ability to implement its technical roadmap; changes in the competitive industries in which IonQ operates, including development of competing technologies; IonQ's ability to implement its business plans, forecasts, roadmaps and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ's ability to effectively enter new markets; IonQ's ability to deliver services and products within currently anticipated timelines; IonQ's ability to attract and retain key personnel; IonQ's inability to effectively integrate its acquisitions of Qubitekk, Inc. assets and a majority interest in ID Quantique, SA; risks associated with U.S. government sales, including availability of funding and provisions that allow the government to unilaterally terminate or modify contracts for convenience; changes in laws and regulations affecting IonQ's patents; and IonQ's ability to maintain or obtain patent protection for its products and technology, including with sufficient breadth to provide a competitive advantage. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company's filings, including but not limited to those described in the 'Risk Factors' section of IonQ's most recent periodic financial report (10-Q or 10-K) filed by IonQ with the Securities 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 put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future.
Yahoo
11-03-2025
- Business
- Yahoo
IonQ Raises Over $372 Million Via At-the-Market Equity Offering Program
Pro forma year-end cash now over $700 million At-the-Market Program has been terminated COLLEGE PARK, Md., March 11, 2025--(BUSINESS WIRE)--IonQ, Inc. (NYSE: IONQ), a leader in the quantum computing and quantum networking industries, today announced that under its "at-the-market" equity offering program (the "ATM Program") it has sold a total of 16,038,460 shares of its common stock for an aggregate amount of approximately $372.6 million, netting aggregate proceeds of approximately $360 million. The Company has determined that it has raised a sufficient amount under the program to meet its currently anticipated capital needs. The Company also determined that given overall recent market disruptions, the trading prices for its shares, and the overhang from having an ATM Program in effect, the ATM Program should be terminated. The Company has therefore terminated the ATM Program today and a prospectus supplement will be filed under Rule 424(c) reflecting such termination. Niccolo De Masi, the Company's President and CEO, said "We are pleased to have been able to raise over $350 million, even in the recent turbulent markets. On a pro-forma basis, this brings our cash balance on December 31, 2024 to over $700 million. We are confident that we now have the capital we need for continued global leadership in both our quantum computing and quantum networking divisions." The Company noted that while, following the termination of the ATM Program, the Company's officers and directors generally would not be limited in their ability to sell shares during the Company's current open trading window through March 14, 2025, none of the Company's executive officers or directors intend to sell any shares during the trading window, except our Executive Chair, Peter Chapman.* Mr. Chapman has previously disclosed that he may sell shares during the window, and he may exercise options for up to 2.0 million shares and sell those shares to meet near term capital needs related to a personal real estate purchase and to pay taxes associated with option exercises. Mr. Chapman hasn't exercised options or sold any shares over the past six years, and what he may sell represents less than 23 percent of his vested equity interest in the Company. *Excludes shares sold to cover statutory tax withholding obligations in connection with the vesting of restricted stock units. About IonQ IonQ, Inc. is a leader in the quantum computing and networking industries, delivering high-performance systems aimed at solving the world's largest and most complex commercial and research use cases. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at 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 words. These statements include those related to the company's technology driving commercial quantum advantage in the future, IonQ's quantum computing capabilities and plans, the efficiency of quantum algorithms run on IonQ's quantum computers, , and the scalability of IonQ's quantum computing offerings. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in laws and regulations affecting IonQ's patents; IonQ's ability to implement its technical roadmap; or IonQ's ability to maintain or obtain patent protection for its products and technology, including with sufficient breadth to provide a competitive advantage. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company's filings, including but not limited to those described in the "Risk Factors" section of IonQ's most recent Quarterly Report on Form 10-Q and other documents filed by IonQ from time to time with the Securities 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 put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future. View source version on Contacts IonQ Media contact:Jane Mazurpress@ IonQ Investor Contact:investors@
