\nIonQ (NYSE: IONQ), a leader in the quantum computing and networking industry, today announced the completion of its acquisition of substantially all of the assets of Qubitekk, Inc., a prominent quantum networking company. The acquisition brings Qubitekk\u2019s esteemed team, advanced technology, and extensive patent portfolio into IonQ\u2019s operations, solidifying IonQ\u2019s position at the forefront of quantum networking and computing.<\/p>\n
\nQuantum networks are poised to become important infrastructure, with the potential to drive transformative applications in sectors such as defense, finance, and energy. These networks facilitate highly secure communication between multiple quantum nodes using entangled qubits. The technology also enables precise timing synchronization, a transport layer for quantum sensing, and a backbone for distributed quantum computing. With the development and 2022 launch of the EPB Quantum Network in Chattanooga, Tennessee\u2014the first commercially available quantum network in the U.S.\u2014Qubitekk has established itself as a leader in quantum networking.<\/p>\n
\n\u201cThe acquisition of Qubitekk is a key step in IonQ\u2019s journey to lead quantum networking into the future,\u201d said Jordan Shapiro, Head of Corporate Development and VP of Financial Planning & Analysis at IonQ. \u201cQubitekk\u2019s innovative work in quantum networking aligns perfectly with our vision of creating scalable quantum systems that transform industries. By combining our strengths, we are not just expanding IonQ\u2019s capabilities in critical areas like defense and cybersecurity, we expect to accelerate the development of quantum networks, the backbone of tomorrow\u2019s quantum internet.\u201d<\/p>\n
\nIonQ has emphasized quantum networking as a strategic priority for scaling its quantum computers, as well as improving the usefulness of quantum computing in general. Its architecture plans to use photonic interconnects to link multiple quantum computers, enabling the creation of a more powerful quantum cluster. Years of investment in advancing this technology for quantum computing have positioned IonQ to make significant strides in quantum networking.<\/p>\n
\nThe acquisition of Qubitekk also strengthens IonQ\u2019s customer base, creating new opportunities for bookings and revenue, and expands its quantum networking hardware and security patent portfolio to over 600 U.S. and internationally issued and pending patents with Qubitekk\u2019s 118 U.S. and international patents.<\/p>\n
\n\u201cJoining forces with IonQ allows us to further our collective mission of making the quantum-enabled internet a near-term reality,\u201d said Stan Ellis, Co-Founder and CEO of Qubitekk. \u201cWe are excited to become part of IonQ, bringing our quantum networking expertise to IonQ’s groundbreaking work in quantum computing.\u201d<\/p>\n
\nThe Qubitekk team, including Co-Founder and CEO Stan Ellis, Co-Founder and CTO Dr. Duncan Earl, Chief Revenue Officer Corey McClelland, and President Keith Clark, has joined IonQ to advance quantum networking initiatives.<\/p>\n
\nIonQ\u2019s acquisition of Qubitekk follows closely on the heels of a series of recent quantum networking announcements from IonQ. In September, IonQ announced the largest known 2024 U.S. Quantum Contract Award<\/a> of $54.5 million with United States Air Force Research Lab (AFRL) to design, develop and deliver quantum networking technology. Recently, IonQ demonstrated remote ion-ion entanglement<\/a> as a key milestone towards scaling its compute across multiple quantum processors using photonic interconnects. Earlier this year, IonQ announced that it was selected by the Applied Research Laboratory for Intelligence and Security (ARLIS) <\/a>for a quantum networking contract to design a first-of-its-kind, networked system for blind quantum computing. Blind quantum computing enables quantum computers to operate while remaining \u2018blind\u2019 to what information is being processed through them.<\/p>\n \nTo learn more about IonQ and its latest system news and business developments, visit https:\/\/ionq.com<\/a>.<\/p>\n Advisors<\/b><\/p>\n \nWilson Sonsini Goodrich & Rosati served as legal counsel for IonQ.<\/p>\n \nCalabasas Capital served as financial advisor to Qubitekk.<\/p>\n About IonQ<\/b><\/p>\n \nIonQ, Inc. is a leader in the quantum computing and networking industry, delivering high-performance systems aimed at solving the world\u2019s largest and most complex commercial and research use cases. IonQ\u2019s current generation quantum computers, IonQ Forte<\/a> and IonQ Forte Enterprise<\/a>, are the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company\u2019s innovative technology and rapid growth were recognized in Newsweek\u2019s 2025 Excellence Index 1000, Forbes\u2019 2025 Most Successful Mid-Cap Companies list, Built In\u2019s 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.com.<\/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 \u201cpoised,” “to drive,” \u201cplans,\u201d “enables,” “step,” “creating,” “transform,” “accelerating,” “enabling,” “positioned,” \u201copportunities,” “expands,” \u201cexpanding,\u201d “further,” “develop,” \u201cadvance,\u201d “design,” “deliver,” \u201cvision,\u201d \u201cmission,\u201d and other similar expressions are intended to identify forward-looking statements. These statements include those related to the future significance and capabilities of quantum networks, the future creation of transformative quantum systems, accelerated development of quantum networks, the creation of a quantum internet, IonQ\u2019s vision, mission, and strategy related to quantum networking and quantum systems, the expansion of IonQ\u2019s expertise, capabilities and technologies, IonQ\u2019s expansion into the quantum networking market, expectations for IonQ bookings and revenue, the expected contributions to IonQ from former Qubitekk employees, and IonQ\u2019s future market position. 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: our ability to manage our growth, including integrating acquisitions, effectively; the high competitiveness of the quantum industry; any disruptions and other problems with our facilities, operations including research and development, or test systems; IonQ\u2019s ability to attract and retain its key employees and other personnel with specialized knowledge; any inadequacies in the overall pace of technology development in the quantum industry, including inadequate advances in the state of quantum networking and quantum systems; IonQ\u2019s and the industry\u2019s reliance on continued investment by the public and private sectors in developing quantum networks and systems; development of the quantum industry in ways that don\u2019t require IonQ quantum systems or networks; IonQ\u2019s relatively limited history in development quantum networks; IonQ\u2019s failure to achieve quantum advantage; our ability to successfully execute our strategy; our ability to convert opportunities into bookings and revenue; the capability of our quantum systems and quantum networks to provide transformative applications and quantum advantage; changes in laws and regulations affecting IonQ, its assets or the quantum sector generally; IonQ\u2019s ability to implement its technical roadmap; and IonQ\u2019s ability to maintain or obtain patent protection for its products and technology. 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 IonQ\u2019s 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.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250106011843\/en\/<\/a><\/span><\/p>\n IonQ Media contact: IonQ Investor Contact: KEYWORDS:<\/b> Maryland United States North America<\/p>\n INDUSTRY KEYWORDS:<\/b> Technology Semiconductor Security Software Networks Government Technology Internet Hardware Defense<\/p>\n<\/p>\n
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Jane Mazur
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press@ionq.co<\/a><\/p>\n
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investors@ionq.co<\/a><\/p>\n
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