\nIonQ (NYSE: IONQ), a leader in the quantum computing and networking industries, today announced a landmark partnership with the University of Maryland and the State of Maryland with the aim to establish Maryland as the \u201csilicon valley\u201d of the quantum computing industry. The proposed initiative will aim to fuel the growing quantum economy of the U.S. capitol region, provide access to IonQ\u2019s cutting-edge quantum technology, and dramatically strengthen Maryland\u2019s workforce with new quantum-focused jobs.<\/p>\n
This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250114132581\/en\/<\/a><\/p>\n Artist rendering of IonQ Building at the University of Maryland Campus (Photo: Business Wire)<\/p>\n<\/div>\n \nAs part of today\u2019s announcement of the \u201cCapital of Quantum\u201d initiative\u2019s goal of catalyzing more than $1 billion in investments towards Maryland becoming the \u201cCapital of Quantum,\u201d IonQ intends to anchor a state-of-the-art quantum intelligence campus based at the University of Maryland at College Park.<\/p>\n \nSubject to available incentives and the enactment of Governor Wes Moore\u2019s FY 2026 budget, IonQ will also grow its corporate headquarters into a 100,000 square feet facility with a data center, laboratories, and office space within the Discovery District at the University of Maryland. Additionally, IonQ intends to double its corporate headquarters workforce to at least 250 people in the Maryland region over the next five years. Today’s announcement, once approved by the legislature and documented between the parties, is expected to create high-paying and skilled jobs in diverse fields such as construction, software and hardware engineering, operations, applied physics, networking, and more.<\/p>\n \nIonQ, the University of Maryland and others intend to work on developing state-of-the-art quantum computers and quantum networking to build the next generation of computing and the ultra-secure Quantum Internet. In addition, IonQ intends to work with the University of Maryland to create course materials for use by Maryland high school students who are interested in learning about quantum technologies and related fields.<\/p>\n \n\u201cInvesting in quantum computing is investing in Maryland’s future,\u201d said Peter Chapman, President and CEO of IonQ. \u201cThrough Governor Moore\u2019s strategic economic development initiative and proposed investment in quantum, he is not only supporting cutting-edge research and innovation but fostering economic growth and job creation in the state. The Governor’s commitment is a testament to his vision for the pivotal role that quantum science will play in the state\u2019s economic development and technological leadership. This investment will also enhance our collaboration with the University of Maryland to solidify the region as a global leader in quantum innovation.\u201d<\/p>\n \n\u201cQuantum information science has the potential to transform every sector, from national security to healthcare,\u201d said Gov. Moore. \u201cWith our wealth of talent, federal partners, and the world-class research universities here in Maryland, we have both the opportunity and the responsibility to seize this moment and become the world\u2019s leading hub for quantum innovation.\u201d<\/p>\n \nThe $1 billion Capital of Quantum initiative focuses on expanding the availability of quantum computing and networking to academia, industries, government and researchers to solve some of the world\u2019s most challenging problems. Subject to State of Maryland budget approval and agreement between the parties, IonQ will become the anchor partner to this initiative delivering on Gov. Moore\u2019s vision, and will be joined on the quantum intelligence campus by leading researchers from the top quantum initiatives throughout the U.S. government.<\/p>\n \n\u201cWe are deeply grateful to Governor Moore for his visionary investment in building a brighter future for Maryland\u2019s economy,\u201d said University of Maryland President Darryll J. Pines. \u201cHe recognizes the immense potential of quantum technology and the possibilities we can unlock if we work together to position our region as the global Capital of Quantum.<\/i> We look forward to collaborating with the Governor\u2019s office and regional partners to ensure that this investment yields lasting benefits for all Marylanders.\u201d<\/p>\n \nThe University of Maryland is world renowned as one of the leading universities in quantum technologies with over 35 years of prior research and development experience. IonQ started its journey as a startup located within the Discovery District at the University of Maryland campus, and many of its employees were educated by the University of Maryland. IonQ is the first startup within the Discovery District to go public on the New York Stock Exchange and today employs over 400 people worldwide. Today\u2019s announcement will extend IonQ\u2019s already close partnership with the University of Maryland and the State of Maryland and offer the company a key advantage in pursuing government contracts and partnership given the campus\u2019s proximity to federal and state governments in Washington, D.C., and Annapolis, MD, respectively.<\/p>\n \nFor more information about IonQ\u2019s latest advancements, visit https:\/\/ionq.com<\/a>.<\/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 \u201cwill,\u201d \u201caim,\u201d \u201caims,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cgoal,\u201d \u201cexpects,\u201d \u201cexpected,\u201d and other similar expressions are intended to identify forward-looking statements. These statements include those related to IonQ\u2019s plans to develop and deliver quantum computing and networking services, quantum-focussed curriculum and training, and to help create a secure quantum-based internet; the company\u2019s role in Maryland and the University of Maryland\u2019s quantum-focussed initiatives; IonQ\u2019s plans to hire additional employees in Maryland and expand its facilities in Maryland; expansion of the \u201cquantum economy\u201d in Maryland, including the creation of quantum-focussed jobs; IonQ\u2019s expected work with leading researchers; and the expansion of existing partnerships and possibilities for new partnerships and customer contracts. 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: the Maryland legislature\u2019s failure to approve this quantum initiative and the proposed budget, or the state of Maryland not spending funds allocated for this quantum initiative; the failure of IonQ and University of Maryland to enter into a binding agreement for the contemplated activities; IonQ\u2019s ability to implement its business plans and strategies, technical roadmap and projects; any disruptions and other problems with the company\u2019s operations including research and development, hardware, systems, components or facilities; IonQ\u2019s ability to attract and retain its key employees and other personnel with specialized knowledge; any changes or inadequacies in IonQ\u2019s quantum computing and networking capabilities and plans; IonQ\u2019s relatively limited history in development quantum networking technologies; any inadequacies in the overall pace of technology development in the quantum industry, including inadequate advances in the state of quantum networking, quantum systems and quantum internets; the capability of the company\u2019s quantum systems and quantum networks to provide certain capabilities and advantages; and changes in laws and regulations affecting IonQ, its assets or the quantum sector generally. 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\/20250114132581\/en\/<\/a><\/span><\/p>\n IonQ Media contact:![\"Artist](\"https:\/\/mms.businesswire.com\/media\/20250114132581\/en\/2353199\/4\/IonQ_Capital_of_Quantum.jpg\")
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Jane Mazur
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press@ionq.co<\/a><\/p>\n
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