Latest news with #IDQuantique
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.
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
Khaleej Times
05-03-2025
- Business
- Khaleej Times
Quantum Innovation Summit 2025 concludes with major announcements and strategic alliances
The Quantum Innovation Summit 2025, hosted by the UAE Cyber Security Council and organised by Vernewell Group, brought together global pioneers, policymakers, and industry leaders to explore the future of quantum science and technology. The event concluded with major announcements, strategic collaborations, and discussions that reinforced the UAE's leadership in quantum innovation. Held over three days, the summit convened key stakeholders from government, academia, and industry, featuring leading organisations such as Microsoft, IBM, D-Wave, Palo Alto Networks, IonQ, Quantlase, QuantumGate, PASQAL, ID Quantique, and Quantinuum. Experts engaged in discussions on the integration of quantum technology in computing, cryptography, AI, and cybersecurity, accelerating its adoption across industries. The event opened with the Quantum Futures Forum, aligning quantum advancements with global security and economic resilience. The Quantum Debates provided a platform for thought leaders to address challenges in governance, investment, and industrial adoption, fostering collaboration for a quantum-powered economy. The official inauguration featured a keynote address by Dr Mohamed Al Kuwaiti, head of Cyber Security for the UAE Government, who underscored the national security imperatives of quantum technologies. This was followed by a keynote from Dr Najwa Aaraj, CEO of the Technology Innovation Institute (TII), highlighting advancements in quantum computing, cryptography, and sovereign R&D capabilities. A key highlight of the summit was the launch of VerneX Quantum Valley by Vernewell Group, headquartered at NYU Abu Dhabi's Center for Quantum and Topological Systems (CQTS), to drive commercialisation and deep-tech entrepreneurship. Several strategic partnerships were also announced, including a collaboration between ID Quantique and Abu Dhabi Maritime Academy to enhance quantum-secure communications, a partnership between Kipu Quantum and CQTS NYU Abu Dhabi to advance quantum algorithm development, and a strategic alliance between Vernewell Group and REACH Group to accelerate quantum adoption. The event also featured the Quantum Marine Conference, an initiative exploring quantum's role in maritime security and operational efficiency. The Academic Aisle provided a platform for researchers and students to showcase innovations, while the Vernewell QInnovision World Challenge highlighted quantum-powered solutions. Dr Mohamed Al Kuwaiti, Dr Saeed Al Dhaheri, and Faisal Al Bannai were recognised with the National Achievement Leadership in Innovation Awards for their contributions to cybersecurity, digital transformation, and sovereign technology development. The FemTum Leap Awards honoured women shaping the future of quantum technology, emphasising the importance of inclusive leadership in deep tech. Reflecting on the summit's success, Malak Trabelsi Loeb, Founder of the Quantum Innovation Summit and CEO of Vernewell Group, stated: "With the support of the UAE Cyber Security Council, our esteemed academic partner, the Center for Quantum and Topological Systems at NYU Abu Dhabi, and key industry leaders, the summit has strengthened its position as a global platform for quantum advancement. The strategic partnerships and commitments made reinforce our mission to drive economic resilience, security, and sustainable progress through quantum technology." The next edition of the Quantum Innovation Summit is set for April 7-9, 2026, promising an expanded global network, deeper industry partnerships, and breakthrough advancements in quantum technologies.
Technical.ly
04-03-2025
- Business
- Technical.ly
As data center energy demands surge, Texas taps DC firm's micronuclear tech
Power Moves is a recurring series where we chart the comings and goings of talent across the region. Got a new hire, gig or promotion? Email us at dc@ It's been a busy start to the year in the DMV, especially considering the chaos coming down from the federal government. Through it all, the private sector stayed active. Local firms announced new leadership, headquarters changes and various projects over the last few months. Some of the news has national and international dimensions well beyond the DC region. For instance, Last Energy, a company building micronuclear technology to boost clean energy supplies, is tackling the energy demand from data centers by rolling out 30 microreactors in Haskell County, Texas. Also, College Park-based IonQ acquired one company in Switzerland and partnered with another in South Korea. Keep reading to get the details on those and more regional power moves. DC nuclear energy firm lands Texas data center project Last Energy's deal comes after the firm raised a $40 million Series B in August. The company also has commercial agreements to deploy 80 of its microreactors across Europe, with half of its tech supporting data centers., 'Texas is the energy capital of America, and we are working to be [number one] in advanced nuclear power,' said Texas Gov. Greg Abbott in a press release. 'Last Energy's microreactor project in Haskell County will help fulfill the state's growing data center demand. Texas must become a national leader in advanced nuclear energy. By working together with industry leaders like Last Energy, we will usher in a nuclear power renaissance in the United States.' Texas isn't the only state struggling with the energy demands from data centers. In Virginia, home to 'Data Center Alley,' developers are finding ways to cool data centers more efficiently as energy consumption prices increase for consumers. Last Energy has built two prototypes with help from local manufacturers in Texas. It expects its first load of fuel in September 2026. The company is also looking to expand in Utah, per the press release. 'Texas is America's undisputed energy leader, but skyrocketing population growth and data center development is forcing policymakers, customers and energy providers to embrace new technologies,' said Bret Kugelmass, founder and CEO of Last Energy. 'Nuclear power is the most effective way to meet Texas' demand, but our solution — plug-and-play microreactors, designed for scalability and siting flexibility — is the best way to meet it quickly.' IonQ acquires global company and taps new leader The publicly-traded quantum computing company acquired another quantum company in Switzerland. Payment for control of ID Quantique will be issued in common stock, per a press release. IonQ will absorb ID Quantique's team and products once the deal closes. The transaction will bring IonQ's number of patents to nearly 900. The University of Maryland spinout also entered a strategic partnership with South Korean telecommunications provider SK Telecom, which deployed the largest quantum network in South Korea. 'This strategic transaction and the expertise of ID Quantique furthers IonQ's role as a global leader in next generation secure communications,' said Peter Chapman, IonQ's executive chair. 'And once finalized, we expect that our intended strategic partnership with SK Telecom, one of the most powerful technology companies in Asia, will significantly enhance the distribution of IonQ quantum technology, leading to many commercial and technical opportunities.' Besides these international moves, IonQ also made a significant internal one by appointing Niccolo de Masi as its new president and CEO. De Masi most recently led the dMY Squared Technology Group, whose special purpose acquisition company (SPAC) dMY Technology Group III took IonQ public through a SPAC merger in 2021. The executive served on the company's board since that year, too. De Masi also held C-suite positions at publicly traded companies like Monstermob Group in the United Kingdom, Resideo Technologies in Scottsdale and Glu Mobile in San Francisco. 'I am thrilled to have the opportunity to lead IonQ during this pivotal moment for quantum computing,' said de Masi in a press release. 'As a longtime evangelist of the quantum industry, I believe wholeheartedly in IonQ's mission and technology.' Local chamber of commerce hires president Lifelong DC resident Chinyere Hubbard began her tenure in February as president of the DC Chamber of Commerce, per an emailed press release. Hubbard previously worked close to local economic development entities, most recently as senior vice president at Events DC. She also served as the Greater Washington Partnership's chief marketing and strategic communications officer. She succeeds Angela Franco, who left the position in August. 'I am honored and excited to lead the DC Chamber of Commerce at this pivotal time,' Hubbard said in a press release. 'We will ensure a thriving business environment for all by working diligently and purposefully to forge relationships between our DC business community, the government and the international community.' More leadership moves: IT contractor moved its headquarters to McLean from Columbia, Maryland, the Washington Business Journal (WBJ) reported. Google is opening a retail store in Georgetown. It's one of the search giant's only brick-and-mortar stores, WTOP reported. Ashburn-based SIM card startup RiPSIM Technologies hired Brenda Boehm to be its CEO. She's worked at Fortune 100 companies like Dell and Cisco, plus startups including Starent Networks and Tango Networks. Bethesda's embattled iLearningEngines laid off all of its employees in February, according to the WBJ. This development comes after the company faced accusations of falsifying revenue and filed for bankruptcy. Data and cyber contractor Core4ce tapped Doug Small, a retired commander of the Naval Information Warfare Systems Command, to join its board of advisors. The Maryland Bankers Association hired Tisha Edwards to be its next president and CEO. Edwards will leave her current post in Gov. Wes Moore's cabinet in April, Maryland Matters reported. Consulting firms Crowell Global Advisors and Optima Strategies formed a 'strategic alliance' to improve their services for businesses navigating regulations and economies in Southeast Asia. McLean government consulting firm Deep Water Point and Associates CEO Brooke Smith was appointed to the Professional Services Council's board of directors. The organization is a trade association for government contractors. FiscalNote is divesting two of its portfolio companies, Oxford Analytica and Dragonfly Intelligence, to focus more on its policy products, per the WBJ. Georgetown Business Improvement District appointed Deborah Kerson Bilek as its new CEO. World Wide Technology Public Sector, a DC branch of the AI company, hired Danny Burns as chief technology advisor for its work with intelligence agencies and the Department of Defense.
Globe and Mail
27-02-2025
- Business
- Globe and Mail
IonQ Just Nabbed 5 New Quantum Computing Patents. Is IONQ Stock a Buy, Sell, or Hold Now?
Investing in innovative companies is a proven strategy for generating outsized gains over time. Generally, companies that invest in research and development are positioned to benefit from multiple competitive moats and a first-mover advantage. One way to identify and shortlist innovative companies is to examine new patent grants. According to data from Quiver Quantitative, IonQ (IONQ), a quantum computing company, received five new patents in February 2025. IonQ, which develops general-purpose quantum computing systems, has a market cap of $6.5 billion. Quantum computing stocks, including IonQ, have been volatile recently, especially after Alphabet's (GOOGL) (GOOG) breakthrough with its Willow chip in December 2024. In the past year, IONQ stock has returned 132% to shareholders. However, it currently trades 44% below its 52-week high, allowing you to buy the dip. Let's see if IONQ stock is a buy, sell, or hold right now. IonQ Reports Record Sales in 2024 Earlier this week, IonQ reported its strongest financial results to date and announced a major acquisition that positions it to dominate the quantum networking space. The trapped-ion quantum computing pioneer reported record revenue of $43.1 million for 2024, exceeding the high end of its guidance range and representing 95% annual growth compared to the previous year. Fourth-quarter revenue reached $11.7 million, also surpassing the company's projections. 'We had IonQ's best year yet in 2024, exceeding the high ends of both our bookings and revenue guidance ranges and making truly significant technical strides,' said Peter Chapman, IonQ's Executive Chair. In a move that expands its market position, IonQ announced it reached a definitive agreement to acquire a controlling stake in ID Quantique (IDQ), a global leader in quantum-safe networking and sensing headquartered in Geneva, Switzerland. The all-stock transaction will substantially bolster IonQ's patent portfolio, bringing the total count of granted and pending patents under IonQ's control to nearly 900. The acquisition aligns with IonQ's strategic focus on quantum networking, which it views as critical infrastructure for scaling its quantum computers. Analysts from McKinsey estimate the quantum networking market will grow to between $10 and $15 billion by 2035, potentially matching or exceeding the quantum computing industry itself. "This strategic transaction and the expertise of ID Quantique furthers IonQ's role as a global leader in next generation secure communications," Chapman said. IonQ also partnered with SK Telecom, South Korea's largest wireless telecommunications operator. This partnership is expected to enhance IonQ's quantum technology distribution across Asia. IonQ's commercial momentum continues to build. In 2024, it achieved $95.6 million in new bookings, including major contracts with the Air Force Research Lab and a landmark partnership with the University of Maryland valued at up to $1 billion. What's Next for IonQ Stock? For 2025, IonQ projects revenue between $75 million and $95 million, representing potential growth of up to 120% at the high end of guidance. Despite its strong revenue growth in 2024, IonQ reported a net loss of $331.6 million for 2024, though its adjusted EBITDA loss of $107.2 million was narrower than expected. IonQ maintains a strong balance sheet with $363.8 million in cash and investments. It also announced an 'at-the-market' equity offering program that would allow it to sell up to $500 million in common stock. This could potentially provide capital for its ambitious growth plans. Analysts expect IonQ to increase sales to $83 million in 2025 and $153 million in 2026. Comparatively, losses per share are forecast to narrow from $0.95 to $0.86 in this period. Out of the six analysts covering IonQ stock, three recommend a 'Strong Buy,' one recommends a 'Moderate Buy,' and two recommend a 'Hold.' The average analyst target price for the tech stock is $39.67, indicating a 30% upside from current levels. With its leading trapped-ion technology, expanding global footprint, and strategic push into quantum networking, IonQ is positioning itself at the forefront of what many analysts predict will be a transformative industry over the next decade.
