Latest news with #IonQForteEnterprise
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.
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
Business Wire
25-04-2025
- Business
- Business Wire
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)--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.
Yahoo
13-04-2025
- Business
- Yahoo
Why IonQ Stock Is Soaring This Week
Shares of IonQ (NYSE: IONQ) are surging this week. The company's stock had gained 25% over the week as I write this. The strong performance easily outpaced the S&P 500's most chaotic week in years. A major quantum computing initiative from the Pentagon helped drive the stock higher. Late last week the U.S. military's Defense Advanced Research Projects Agency (DARPA) announced it had selected 15 companies for its ambitious quantum computing program. The initiative will explore whether it's possible to build a "useful" quantum computer that "can achieve utility-scale operation -- meaning its computational value exceeds its cost" by 2033. DARPA's efforts were largely responsible for many of the most important technological breakthroughs of the last half-century, like the internet and GPS. The name carries a lot of weight and investors were excited to see IonQ as one of the named participants. The initiative is part of the Department of Defense's push to lead quantum technology and maintain its edge over China. Just weeks ago, the company announced that IonQ Forte Enterprise, its most recent commissioned quantum computer, is now available to customers globally through Amazon's Amazon Web Services (AWS), as well as the IonQ Quantum Cloud. The move cements IonQ as a leader in the space as it focuses on real-world application of its technology. Still, Forte Enterprise is a long way from the sort of robust, stable, and commercially viable quantum computer that could prove revolutionary. The technology is in its infancy. The DARPA program proves this as its aim is to achieve viability by 2033. There are years of high spending on R&D with minimal revenue ahead and no guarantees that the technology ever does mature. Investing in quantum computing at this stage comes with quite a bit of risk, but if you understand this and are still interested, IonQ is one of your best choices. 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 $496,779!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $659,306!* Now, it's worth noting Stock Advisor's total average return is 787% — a market-crushing outperformance compared to 152% 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 5, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy. Why IonQ Stock Is Soaring This Week was originally published by The Motley Fool Sign in to access your portfolio
