Latest news with #ForteEnterprise
Yahoo
22-05-2025
- Business
- Yahoo
IonQ Stock Jumps 21% Following Q1 Earnings Results: Still a Buy?
IonQ, Inc. IONQ has captured investor attention with a sharp 21.2% rise in its stock price following its first-quarter 2025 earnings release on May 7. This impressive rally outpaced gains in the Zacks Computer - Integrated Systems industry, the broader Zacks Computer and Technology sector and the S&P 500, highlighting renewed enthusiasm around the company's bold expansion into commercial quantum systems and secure communication infrastructure. While enthusiasm is high, the question remains: Is this a sustainable uptrend or a short-lived bounce?Notably, despite this momentum, the IonQ stock still trades at a steep 35.5% discount from its 52-week high, raising a critical question for forward-looking investors: Is the post-earnings run just the beginning, or is the upside already priced in? IONQ Share's Price Performance Post Q1 Image Source: Zacks Investment Research The first-quarter 2025 results of IonQ, a pioneering force in quantum computing and networking, painted a mixed yet promising picture. Revenues were $7.57 million, essentially flat year over year, but beat estimates slightly. The company reported a net loss of $32.3 million, narrower than the prior year loss of $39.6 million, thanks to a non-cash gain of $38.5 million from warrant the adjusted EBITDA loss widened to $35.8 million from $27 million a year ago, reflecting a significant uptick in R&D and acquisition-related expenses. Operating expenses rallied 38% to $83.2 million, underscoring IonQ's aggressive push to expand its quantum the financial losses, the company reaffirmed its full-year guidance and showcased strong momentum in commercialization, government partnerships and M&A. A cornerstone of IONQ's first-quarter success was the $22-million sale of its Forte Enterprise system to EPB in Tennessee. This marked the first time a commercial customer has deployed both a quantum computer and a quantum network. The deployment not only added meaningful revenues but also validated IonQ's dual-platform model, positioning it at the intersection of quantum computing and deepened its global presence through new partnerships in Japan and South Korea, and expanded its technological breadth via three acquisitions — Lightsynq, Capella and ID Quantique. These moves position IONQ to lead in quantum internet infrastructure and secure communications, areas where demand is rapidly growing and competition is intensifying. Beyond hardware and acquisitions, IonQ is focused on building an end-to-end quantum ecosystem. Recent innovations include cloud availability of its systems through AWS, progress in quantum machine learning applications, and photonic interconnects for scalability. Additionally, its selection by DARPA for a national quantum benchmarking initiative cements its credibility with the U.S. makes IonQ stand out is its commitment to scaling the quantum internet, not just computing power. With Lightsynq's quantum repeater tech enabling 100 km photon transmission and Capella's satellite-based QKD capabilities, IonQ is laying the groundwork for a global, secure quantum network. IONQ ended the first quarter of 2025 with nearly $700 million in cash and equivalents, giving it ample firepower to execute its roadmap without resorting to dilution or debt. This liquidity buffer allows the company to pursue aggressive R&D and acquisitions, even as near-term revenue remains modest. With a robust balance sheet, IonQ has the flexibility to absorb losses while building toward long-term monetization. The Zacks Consensus Estimate for 2025 loss per share has narrowed for 2025 over the past 30 days, as you can see below, depicting analysts' optimism. The estimated figure indicates a much narrower loss than the year-ago reported loss of $ Zacks Consensus Estimate for 2025 revenues implies year-over-year growth of 97.3%. Image Source: Zacks Investment Research Valuation remains a concern for the company. IonQ's forward 12-month price/sales ratio sits at a steep 75.86, far above the industry average of 3.34. Even though this figure has fluctuated between 20.55 and 229.06 over the past two years, it underscores the high expectations baked into the current share the IONQ stock trades at a 35.5% discount to its 52-week high, but it has also skyrocketed 467.7% from its 52-week low, highlighting the speculative nature of its movement. With limited revenues and significant losses, the premium valuation hinges entirely on IonQ's ability to execute flawlessly and capture the nascent quantum market ahead of competitors. Image Source: Zacks Investment Research IonQ's largest hurdle in the near term is its cost structure. The company's heavy investment in talent, R&D and integration has led to ballooning expenses that overshadow stagnant revenue growth. A delay in revenue ramp-up or unexpected integration challenges from its multiple acquisitions can weigh on investor competition is intensifying globally. Chinese initiatives in satellite-based quantum communications, in particular, are accelerating. IonQ must prove that it cannot only keep pace technically but also commercialize its advances more effectively than quantum computing landscape is marked by intense competition, with tech giants like IBM, Alphabet's GOOGL Google, and Microsoft MSFT committing billions of dollars to advance the technology. Meanwhile, emerging players such as Baidu, Amazon, and Rigetti Computing RGTI are also aggressively working to carve out their share of this rapidly evolving market. Quantinuum, a joint venture backed by Honeywell, is IonQ's most comparable rival in the trapped-ion space, boasting high fidelity and commercial readiness. Rigetti offers a full-stack superconducting platform but remains in early-stage commercialization with modest revenue. D-Wave Quantum Inc. QBTS operates in the quantum annealing domain, targeting optimization problems with above 1,200 qubit systems. Google Quantum AI unit is a dominant force in superconducting qubit development and set benchmarks in scalability and quantum supremacy. These players collectively shape the highly competitive and rapidly evolving quantum computing landscape that IonQ must navigate. IONQ stands at the forefront of a technological revolution, with its dual focus on quantum computing and networking uniquely positioning it for long-term disruption. The recent 21% increase in share price following first-quarter 2025 earnings is more than just momentum; it reflects meaningful strategic $22-million commercial deal with EPB, expanding government partnerships like DARPA's benchmarking initiative, and acquisitions that bolster capabilities in quantum internet infrastructure all underscore IonQ's leadership in a rapidly evolving high R&D expenses and integration risks, IonQ's nearly $700 million cash position provides the financial flexibility to pursue innovation aggressively without compromising its long-term vision. While the stock's valuation is lofty, the narrowing consensus loss estimates and reaffirmed guidance signal growing confidence in long-term investors willing to embrace volatility, this Zacks Rank #2 (Buy) company offers a rare opportunity to gain early exposure to a company building the foundation of next-generation computing and secure can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report IonQ, Inc. (IONQ) : Free Stock Analysis Report Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report D-Wave Quantum Inc. (QBTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
19-05-2025
- Business
- Yahoo
Got $100? 3 Top Growth Stocks to Buy That Could Double Your Money
Applied Digital has a huge growth opportunity with the explosion in demand for data centers. IonQ is a pioneer in the fast-growing quantum computing market. Summit Therapeutics has a promising cancer immunotherapy in late-stage development. 10 stocks we like better than Applied Digital › Everyone knows that it takes money to make money. However, you don't need much money to begin making money. Many stocks with exceptional growth prospects have relatively low share prices. Got $100? Here are three top growth stocks to buy that could double your money. Applied Digital (NASDAQ: APLD) is small, with a market cap in the ballpark of $1.3 billion and a share price of below $6. However, the company has a huge growth opportunity with the explosion in demand for data centers and cloud infrastructure. Applied Digital designs, builds, and operates data centers that support artificial intelligence (AI), blockchain, and high-performance computing (HPC) applications. This tech stock is up almost 60% over the last 12 months. However, it's still nearly 50% below the peak set in February 2025. Applied Digital would almost double its share price if it regains its previous high. I think this goal should be attainable, if not this year, within the next couple of years. While Applied Digital is based in Dallas, Texas, it operates two custom-built HPC data centers and two blockchain data centers in North Dakota. The state is ideal for data centers because of its energy capacity, low electricity costs, and natural cooling due to its cold climate. The company also operates four digital cloud data centers in Colorado, Minnesota, Nevada, and Utah. However, Applied Digital's board of directors recently approved a plan to sell the cloud services business. This should raise additional money for the company to invest in meeting the soaring demand for AI and HPC applications on top of two other recent financing deals. IonQ (NYSE: IONQ) is a pioneer in quantum computing technology. Quantum computing has the potential to revolutionize encryption, drug discovery, financial modeling, and more. IonQ pegs its total addressable market at $87 billion by 2035. The company's market cap currently hovers around $8.2 billion, with its share price a little over $33. But quantum computing isn't just about the future. IonQ already markets the Forte Enterprise system. It's the only quantum hardware available on all three of the largest cloud providers -- Amazon Web Services, Microsoft Azure, and Alphabet's Google Cloud. There's a good reason why these cloud titans like IonQ. The company's trapped-ion architecture is faster than that of rival systems. IonQ's error correction process is more scalable and has the lowest overhead in the industry. With growing interest in quantum computing, it isn't surprising that IonQ has attracted several large partners. The list includes South Korean telecommunications leader SK Telecom, Japanese conglomerate Toyota Tsusho, U.S. defense contractor General Dynamics, and powerhouse chipmaker Nvidia. If you buy six shares of Applied Digital and one share of IonQ, you still have plenty of money left over from an initial $100 to scoop up a couple of shares of Summit Therapeutics (NASDAQ: SMMT). The drugmaker is the largest of these three growth stocks, with a market cap of roughly $17.2 billion. However, Summit has plenty of upside potential. The company is evaluating a promising immunotherapy, ivonescimab, in late-stage clinical studies targeting non-small cell lung cancer (NSCLC). Summit expects to announce results from one of those studies with ivonescimab in combination with chemotherapy as a second-line treatment for NSCLC in mid-2025. There's ample reason for optimism about the chances that Summit will win U.S. approval for ivonescimab. The company's partner, Akeso, has already won two approvals for the immunotherapy in China for treating NSCLC after conducting a clinical trial where ivonescimab beat Merck's blockbuster drug Keytruda in a head-to-head matchup. Summit doesn't intend to stop with the NSCLC indication. The company is also targeting other types of cancer, including cutaneous squamous cell carcinoma and glioblastoma. If ivonescimab comes anywhere close to fulfilling its potential, this drug stock should more than double over the next few years. Before you buy stock in Applied Digital, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Applied Digital wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Keith Speights has positions in Alphabet, Amazon, and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon, Merck, Microsoft, Nvidia, and Summit Therapeutics. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Got $100? 3 Top Growth Stocks to Buy That Could Double Your Money was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
03-05-2025
- Business
- Globe and Mail
Is IonQ Stock a Buy?
E-commerce, cloud computing, artificial intelligence (AI). What's the next big thing? Many investors are betting that it will be quantum computing. Sure, quantum computing stocks have sold off this year as the broader market tumbled. IonQ (NYSE: IONQ), one of the industry's leaders, is down more than 30%. However, the stock has still more than tripled over the last 12 months. Is IonQ stock a buy on the pullback? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » The promise of quantum computing A critical factor in determining whether or not to buy IonQ is appreciating the promise of quantum computing. You don't have to fully understand the technology to gain this appreciation, but a little background might help. Quantum computing incorporates the principles of quantum physics to process information. Instead of using bits (1s and 0s) like traditional computers, quantum computers use qubits that can be a 1, a 0, or even both simultaneously (which is called superposition). As a result, a qubits can hold more information than bits. They can also be connected in a strange way called entanglement. If you measure the state of one entangled qubit, it reveals information about the state of another qubit, no matter the distance between them. Harnessing the power of entanglement enables quantum computers to process calculations more rapidly. Quantum computers could solve super-complicated problems that even the most powerful supercomputers today can't handle. Potential uses include breaking current encryption methods and creating new ones, developing new materials, drug discovery, financial modeling, logistics optimization, and more. As you might imagine, the commercial potential for quantum computing is tremendous. Quantum computers and networks are projected to create up to $880 billion in economic value by 2040. The quantum computing hardware and software market could reach roughly $170 billion by the end of the next decade. IonQ's advantages With that kind of opportunity, multiple players are scrambling for position in the quantum computing market. But several factors make IonQ stand out. First, the company has already developed multiple quantum computing products. IonQ launched its pioneering Harmony quantum computer in 2019. It followed up with the introduction of Aria in 2021. The higher-performing Forte system became commercially available in 2023. The company now sells Forte Enterprise and plans to launch its newest quantum computer, called Tempo, this year. IonQ's architecture is faster than its competitors' trapped-ion architectures. Its error correction process also has much lower overhead and is more scalable. The company's intellectual property is well protected, too: IonQ has been granted 176 patents and has another 341 patents pending. Its acquisitions of ID Quantique and Qubitekk will boost the total patents owned to 933. One important thing to look at with an up-and-coming company operating in a new technology space is its partnerships. IonQ scores highly on this front. It teamed up with SK Telecom in South Korea and with Toyota Tsusho in Japan. IonQ and General Dynamics are partnering to harness quantum computing in fraud detection. The company is working with the U.S. Air Force to develop secure quantum networks. IonQ and Nvidia collaborated on developing a quantum solution for calculating the electronic structure of molecules. To buy or not to buy? So, is IonQ stock a good pick to buy right now? I think the answer depends on your investing style. Risk-averse investors will probably want to look elsewhere. IonQ remains unprofitable, posting a net loss of nearly $332 million last year. It could take years for quantum computing to fulfill its potential. And there's no guarantee that IonQ will emerge as one of the success stories. However, I think IonQ is an attractive pick for aggressive investors with a long-term perspective. Quantum computing truly could be the next big thing. IonQ is one of the early leaders in the industry. Its stock will likely continue to be highly volatile. But I wouldn't be surprised if IonQ is worth a lot more than the current market cap of around $6.8 billion by the end of this decade. Should you invest $1,000 in IonQ right now? Before you buy stock in IonQ, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and IonQ wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $611,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $684,068!* Now, it's worth noting Stock Advisor 's total average return is889% — a market-crushing outperformance compared to162%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of April 28, 2025
Yahoo
26-04-2025
- Business
- Yahoo
Better Quantum Stock: IonQ vs. Rigetti Computing
The cutting edge of innovation runs through the rapidly evolving field of quantum computing. This technology promises to solve complex problems at unprecedented speeds, far exceeding the capabilities of classical systems. Recent breakthroughs from industry leaders IonQ (NYSE: IONQ) and Rigetti Computing (NASDAQ: RGTI) have moved concepts of quantum mechanics from theoretical into real-world commercial applications. Quantum computing is already big business, generating rapid growth in what experts predict could represent an annual market valued at upward of $170 billion by 2040. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Let's explore whether IonQ or Rigetti Computing is the better quantum stock right now. With a market capitalization of $5.4 billion, IonQ is the largest pure-play quantum computing stock in the market, more than double the size of Rigetti's $2.3 billion valuation. The company stands out with its unique trapped-ion technology -- holding ions precisely in 3D space using a custom-designed ion trap to leverage electrically charged atoms as qubits, the fundamental unit of information in its quantum system that uses the principles of superposition, entanglement, and inference to process information. Unlike superconducting qubits used by Rigetti and International Business Machines, which require cooling of the circuits to subfreezing temperatures, IonQ's approach avoids this. Its architecture tackles a key challenge in quantum systems, where increasing the number of qubits to boost computational power leads to higher error rates and system instability. With the ability to operate at room temperature as a key advantage, IonQ's latest Forte Enterprise system, with 36 algorithmic qubits, is the company's most powerful single core quantum processor and is positioned for scalable, practical quantum solutions. The financial trends have been impressive. In 2024, IonQ's net revenue reached $43.1 million, up 96% year over year for the period ended Dec. 31. The company counts on several major customers representing industries that are embracing quantum computers in fields like pharmaceutical drug discovery, logistics optimization, and engineering simulations. IonQ also partnered with major cloud-computing providers such as Microsoft and Amazon to offer quantum computing as a service. The company is not yet profitable, but IonQ's attraction as an investment is its hypergrowth trajectory. For 2025, it expects revenue to nearly double to $97 million, with management citing strong interest in its rack-mounted, data-center-friendly quantum computers. Investors convinced IonQ is still in the early stages of a significant long-term opportunity have plenty of reasons to buy and hold the stock for the long run. Although IonQ's trapped-ion technology may have a near-term commercial advantage, Rigetti Computing positions itself for long-term dominance through its vertically integrated business model that allows it to control everything from chip design and manufacturing to software development and cloud delivery. The company operates Fab-1, the industry's first dedicated quantum foundry, enabling precise control over its proprietary chip fabrication, which could be a more cost-effective strategy over time. Rigetti's in-house manufacturing and modular architecture enable scalable, high-qubit-count systems, potentially surpassing IonQ's performance. According to Rigetti, its superconducting qubits achieve ultra-fast gate speeds of 60 to 80 nanoseconds, up to four orders of magnitude faster than ion-based systems, making them ideal for applications requiring rapid quantum operations. Despite weaker financial momentum, with Rigetti generating just $10.8 million in 2024, the company's latest 84-qubit Ankaa-3 system is expected to accelerate growth. Market optimism in Rigetti's potential is reflected in the 700% stock price gain over the past year, even outperforming IonQ's 250% return over the same period at the time of this writing. With a balance sheet cash position of $217 million as of the last report, Rigetti has the financial flexibility to pursue its strategic objectives. Investors who believe Rigetti's superconducting quantum technology will evolve into the industry standard may find its stock has plenty of upside potential. IonQ and Rigetti Computing are at the forefront of the transformative quantum computing industry. However, IonQ emerges as the better quantum stock right now, with a more compelling growth outlook. Amid the challenging economy, I expect the stock to remain volatile, with 2025 being a pivotal year for the company to reaffirm its operational and financial strategy. For investors with a long time horizon, building a small position in IonQ through a dollar-cost averaging strategy can work within a diversified portfolio to mitigate near-term risks. Before you buy stock in IonQ, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and IonQ wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $566,035!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $629,519!* Now, it's worth noting Stock Advisor's total average return is 829% — a market-crushing outperformance compared to 155% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 21, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Dan Victor has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, International Business Machines, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Better Quantum Stock: IonQ vs. Rigetti Computing was originally published by The Motley Fool Sign in to access your portfolio
Associated Press
25-04-2025
- Business
- Associated Press
IonQ Announces $22M Deal with EPB Establishing Chattanooga, Tennessee as the First Quantum Computing & Networking Hub in the U.S.
COLLEGE PARK, Md.--(BUSINESS WIRE)--Apr 25, 2025-- IonQ (NYSE: IONQ), the leading commercial quantum computing and networking company, today announced the joint development of a new quantum innovation center with EPB of Chattanooga, a leading energy and communications company. This strategic partnership will further establish Chattanooga as the catalyst in Tennessee's emergence as the national hub for quantum innovation. The EPB Quantum Center will house a state-of-the art IonQ Forte Enterprise quantum computer that will be shared by both companies. In addition, the Center will house the existing EPB Quantum Network which IonQ already supports – establishing Chattanooga, Tennessee as the first quantum computing & networking hub in the U.S. Through the partnership, IonQ will establish an office in Chattanooga to provide quantum computing, networking, and application development support and training. This will allow IonQ to provide specialized training for quantum developers and the two companies to work closely in jointly creating quantum computing algorithms designed for energy grid optimization. 'This partnership represents more than just a technological milestone, it's a pivotal step in building a quantum economy and IonQ ecosystem in Tennessee,' said Niccolo de Masi, President and CEO of IonQ. 'By delivering our Forte Enterprise-class quantum capabilities to Chattanooga, we're expanding our quantum access to customers across the state and working together to drive long-term economic growth for Chattanooga.' 'By establishing Chattanooga as the first U.S. hub for quantum computing and networking, we stand ready to work with companies and researchers across the nation to accelerate the development of real-world applications for quantum technology,' said David Wade, EPB CEO. 'Our mission-driven effort to enhance quality of life for our community by playing a catalytic role in the development of new quantum technologies aligns with the national priority of developing quantum technologies for security, business optimization and global competitiveness.' IonQ's Forte Enterprise system is a powerful, data center-ready quantum computer designed with a low energy profile, rack-mounted form factor and minimal environmental isolation requirements. As IonQ's highest performing quantum computer, Forte Enterprise delivers an algorithmic qubit count of #AQ36 and industry-leading gate and measurement accuracy that enable Forte Enterprise to tackle large problems and real-world commercial applications that drive business value. The addition of an IonQ quantum computer in the EPB Quantum Center adds to IonQ's growing global footprint, with quantum systems in Basel, Switzerland and Rome, NY, and IonQ data centers in Maryland, Washington state and Switzerland. Today's news marks the latest step in IonQ's continued presence in Tennessee and builds on the company's longstanding partnerships with local companies and academic institutions, including the University of Tennessee at Chattanooga. IonQ and Ansys achieved a major quantum computing milestone with quantum computing outperforming classical computing when designing important life-saving medical devices. The quantum optimization method which this achievement was based on was pioneered at the Tennessee-based Oak Ridge National Laboratory (ORNL) and successfully implemented on IonQ quantum computers. The company is also the primary technology partner for the EPB Quantum Network further expanding its role in advancing regional quantum networking technologies. To learn more about IonQ and its latest innovations, visit 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 EPB EPB is a customer-focused technology company that delivers innovative energy and communications solutions to the Chattanooga area in pursuit of its mission to enhance the quality of life for the community it serves. In 2010, EPB completed a 100% fiber optic network accessible to all its customers as the basis for launching America's first community-wide Gig speed internet. The company still operates the world's fastest community-wide internet service today at speeds up to 25 Gig. EPB also utilizes Chattanooga's fiber optic network as the communications backbone for the most advanced and highly automated power distribution system in the United States. In 2022, EPB continued its commitment to keeping Chattanooga on the cutting edge by establishing our nation's first commercially available quantum network—EPB Quantum Network℠ . This effort aligns local job creation efforts with the national priority to accelerate the commercialization of quantum technology. Since switching the lights on for its first electric customer in 1939, EPB has grown to serve nearly a half a million people across a 600-square-mile service area with cutting-edge infrastructure that integrates power distribution and telecommunications. At the same time, EPB keeps customer benefit at the center of all its efforts, earning recognition from J.D. Power as the #1 Mid-Sized Utility in the South for the last nine consecutive years based on customer satisfaction ratings. 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 terms 'will,' 'further,' 'building,' 'creating,' 'expanding,' 'long term' and other similar expressions are intended to identify forward-looking statements. These statements include those related to EPB and the region becoming a national leader in quantum innovation, computing and networking; the expected collaboration between IonQ and EPB; expansion of the market for access to IonQ's systems and the Tennessee economy; IonQ's quantum computing capabilities and plans; and the potential benefits of IonQ's strategic partnerships. 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 business plans and technical roadmap; changes in the industries in which IonQ operates, including development of competing technologies; changes in laws and regulations affecting IonQ's business; market adoption of quantum computing solutions and IonQ's products, services and solutions; any disruptions and other problems with IonQ's operations including research and development, hardware, systems, components or facilities; IonQ's ability to attract and retain its key employees and other personnel with specialized knowledge; any changes or inadequacies in IonQ's quantum computing and networking capabilities and plans; IonQ's relatively limited history in development quantum networking technologies; and the capability of our quantum systems and quantum networks to provide certain capabilities and advantages. 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 CONTACT: IonQ Media contact: Jane Mazur [email protected] Investor Contact: [email protected] Contact: Sophie Moore [email protected] KEYWORD: UNITED STATES NORTH AMERICA TENNESSEE MARYLAND INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING SEMICONDUCTOR MANUFACTURING OTHER SCIENCE AUTOMOTIVE RESEARCH SOFTWARE NETWORKS INTERNET HARDWARE SCIENCE TECHNOLOGY OTHER ENERGY UTILITIES ALTERNATIVE ENERGY ENERGY OTHER MANUFACTURING GENERAL AUTOMOTIVE SOURCE: IonQ Copyright Business Wire 2025. PUB: 04/25/2025 09:50 AM/DISC: 04/25/2025 09:52 AM
