{"id":786871,"date":"2023-09-28T15:17:37","date_gmt":"2023-09-28T19:17:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ionq-announces-new-25-5m-quantum-deal-with-united-states-air-force-research-lab\/"},"modified":"2023-09-28T15:17:37","modified_gmt":"2023-09-28T19:17:37","slug":"ionq-announces-new-25-5m-quantum-deal-with-united-states-air-force-research-lab","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ionq-announces-new-25-5m-quantum-deal-with-united-states-air-force-research-lab\/","title":{"rendered":"IonQ Announces New $25.5M Quantum Deal with United States Air Force Research Lab"},"content":{"rendered":"

<\/p>\n

IonQ Announces New $25.5M Quantum Deal with United States Air Force Research Lab<\/b><\/p>\n

Deal solidifies public-private relationship advancing quantum science and U.S. national security interests<\/i><\/p>\n

COLLEGE PARK, Md.–(BUSINESS WIRE<\/a>)–IonQ<\/a>(NYSE: IONQ)<\/b>, an industry leader in quantum computing, today announced an expanded relationship with the Air Force Research Lab (AFRL)<\/a> to deploy two barium-based trapped ion quantum computing systems for quantum networking research and application development.<\/p>\n

\nThe deal comes one year after IonQ announced an agreement<\/a> with AFRL to provide access to the company\u2019s trapped ion systems, and will further enhance AFRL\u2019s research mission. As part of the contract, IonQ will deliver and set up systems at AFRL\u2019s location in Rome, N.Y.<\/p>\n

\n\u201cAFRL is seeing incredible achievements on trapped ion quantum systems to enable and grow US quantum technology, the innovation occurring on the frontlines by industry will bring revolutionary technologies to our warfighters,\u201d said Michael Hayduk, Deputy Director, Air Force Research Laboratory, Information Directorate.<\/p>\n

\nThis announcement follows an upswing of activity by the U.S. federal government supporting development of quantum technology, including Congress\u2019 2018 creation of the National Quantum Initiative<\/a> (NQI), a broad, interagency program which secured funding for quantum research and development.<\/p>\n

\n\u201cI applaud the Air Force for its work to advance quantum technology and its applications as they relate to our national security. Quantum computing is sure to be a game-changing field that will yield critically important technologies,\u201d said Rep. C.A. Dutch Ruppersberger (D-Md.). \u201cWe cannot afford to find ourselves behind China when it comes to the research and development efforts to enhance military capabilities on the battlefield. This partnership will leverage the Air Force\u2019s resources and brightest minds to ensure the United States continues to make great strides in quantum technology and I was proud to help secure the necessary funding.\u201d<\/p>\n

\n\u201cQuantum computing is sure to play a key role in the future of our economy, our global competitiveness, our national security, and so much more. That\u2019s why I was glad to support federal participation in this public-private partnership between the Air Force and Maryland-based IonQ to facilitate their work in building quantum systems that will help safeguard our nation against emerging security threats. I will keep working to bring investments to Maryland that position our state and our nation to be at the forefront of advanced technologies,\u201d said Sen. Chris Van Hollen (D-Md.).<\/p>\n

\n\u201cAs IonQ\u2019s systems approach 64 algorithmic qubits (#AQ 64) and usher in the era of enterprise-grade quantum computing, we are committed to supporting the nation\u2019s security interests. This partnership will significantly help advance U.S. defense technologies as quantum computers increasingly become a prevalent centerpiece of national computing stacks,\u201d said IonQ CEO Peter Chapman. \u201cThis agreement with AFRL will advance quantum communications, networking, and computing, while continuing our progress from basic research to directly supporting agency missions.\u201d<\/p>\n

\nIn the second quarter of 2023<\/a>, IonQ achieved a record-setting $28 million in bookings. The deal also comes on the heels of a contract IonQ signed with Switzerland-based QuantumBasel<\/a> to establish a European quantum data center.<\/p>\n

To learn more about how you can get started on an IonQ system today, please contact us at:<\/i>https:\/\/ionq.com\/get-access<\/a>.<\/p>\n

About IonQ<\/b><\/p>\n

\nIonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQ\u2019s current generation quantum computer, IonQ Forte<\/a>, is the latest in a line of cutting-edge systems, boasting an industry-leading 29 algorithmic qubits. Along with record performance, IonQ has defined what it believes is the best path forward to scale.<\/p>\n

\nIonQ is the only company with its quantum systems available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access. IonQ was founded in 2015 by Dr. Christopher Monroe and Dr. Jungsang Kim based on 25 years of pioneering research. To learn more, visit www.ionq.com<\/a>.<\/p>\n

IonQ Forward-Looking Statements<\/b><\/p>\n

\nThis 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 \u201canticipate,\u201d \u201cexpect,\u201d \u201csuggests,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cintend,\u201d \u201cestimates,\u201d \u201ctargets,\u201d \u201cprojects,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cforecast\u201d and other similar expressions are intended to identify forward-looking statements. These statements include those related to the success of the IonQ and AFRL partnership; the capabilities available as the result of the partnership; IonQ\u2019s quantum computing capabilities and plans; access to IonQ\u2019s quantum computers; the ability to test and execute quantum algorithms on IonQ\u2019s quantum computers; the opportunity to test and optimize novel quantum-enhanced algorithms for computational challenges on IonQ\u2019s quantum computers; the ability to implement characterization and error correction techniques; the accuracy of quantum algorithms run on IonQ\u2019s quantum computers; and the problems that can be solved by IonQ\u2019s quantum computers. 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: market adoption of quantum computing solutions and IonQ\u2019s products, services and solutions; the ability of IonQ to protect its intellectual property; changes in the competitive industries in which IonQ operates; changes in laws and regulations affecting IonQ\u2019s business; IonQ\u2019s ability to implement its business plans, forecasts and other expectations, and identify and realize additional partnerships and opportunities; risks associated with U.S. government sales, including provisions that allow the government to unilaterally terminate or modify contracts for convenience and the uncertain scope and impact of a possible U.S. government shutdown(s) or operation under continuing resolutions; and the risk of downturns in the market and the technology industry including, but not limited to, as a result of the COVID-19 pandemic and\/or increased inflationary pressures. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company\u2019s filings including but not limited to those described in the \u201cRisk Factors\u201d section of the Company\u2019s most recent 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.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230928720732\/en\/<\/a><\/span><\/p>\n

\nIonQ Media Contact:
\n
Mission North
\n
ionq@missionnorth.com<\/a><\/p>\n

\nIonQ Investor Contact:
\n
investors@ionq.co<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Maryland New York District of Columbia<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Homeland Security Aerospace Manufacturing Military Public Policy\/Government Defense Other Technology Research Contracts Networks Science Data Management Government Technology<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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IonQ Announces New $25.5M Quantum Deal with United States Air Force Research Lab Deal solidifies public-private relationship advancing quantum science and U.S. national security interests COLLEGE PARK, Md.–(BUSINESS WIRE)–IonQ(NYSE: IONQ), an industry leader in quantum computing, today announced an expanded relationship with the Air Force Research Lab (AFRL) to deploy two barium-based trapped ion quantum computing systems for quantum networking research and application development. The deal comes one year after IonQ announced an agreement with AFRL to provide access to the company\u2019s trapped ion systems, and will further enhance AFRL\u2019s research mission. As part of the contract, IonQ will deliver and set up systems at AFRL\u2019s location in Rome, N.Y. \u201cAFRL is seeing incredible achievements on trapped ion quantum systems … <\/p>\n

Continue reading “IonQ Announces New $25.5M Quantum Deal with United States Air Force Research Lab”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-786871","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nIonQ Announces New $25.5M Quantum Deal with United States Air Force Research Lab - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ionq-announces-new-25-5m-quantum-deal-with-united-states-air-force-research-lab\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IonQ Announces New $25.5M Quantum Deal with United States Air Force Research Lab - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"IonQ Announces New $25.5M Quantum Deal with United States Air Force Research Lab Deal solidifies public-private relationship advancing quantum science and U.S. national security interests COLLEGE PARK, Md.–(BUSINESS WIRE)–IonQ(NYSE: IONQ), an industry leader in quantum computing, today announced an expanded relationship with the Air Force Research Lab (AFRL) to deploy two barium-based trapped ion quantum computing systems for quantum networking research and application development. The deal comes one year after IonQ announced an agreement with AFRL to provide access to the company\u2019s trapped ion systems, and will further enhance AFRL\u2019s research mission. 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The deal comes one year after IonQ announced an agreement with AFRL to provide access to the company\u2019s trapped ion systems, and will further enhance AFRL\u2019s research mission. As part of the contract, IonQ will deliver and set up systems at AFRL\u2019s location in Rome, N.Y. \u201cAFRL is seeing incredible achievements on trapped ion quantum systems … Continue reading \"IonQ Announces New $25.5M Quantum Deal with United States Air Force Research Lab\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ionq-announces-new-25-5m-quantum-deal-with-united-states-air-force-research-lab\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-28T19:17:37+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230928720732r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ionq-announces-new-25-5m-quantum-deal-with-united-states-air-force-research-lab\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ionq-announces-new-25-5m-quantum-deal-with-united-states-air-force-research-lab\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"IonQ Announces New $25.5M Quantum Deal with United States Air Force Research Lab","datePublished":"2023-09-28T19:17:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ionq-announces-new-25-5m-quantum-deal-with-united-states-air-force-research-lab\/"},"wordCount":1230,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ionq-announces-new-25-5m-quantum-deal-with-united-states-air-force-research-lab\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230928720732r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ionq-announces-new-25-5m-quantum-deal-with-united-states-air-force-research-lab\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ionq-announces-new-25-5m-quantum-deal-with-united-states-air-force-research-lab\/","name":"IonQ Announces New $25.5M Quantum Deal with United States Air Force Research Lab - 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