March 31, 2023
Networked Quantum Computers: IonQ Acquires Entities of Entangled Networks

KOLEJ PARK, Md. & TORONTO–()–In the present day, IonQ, Inc. (NYSE: IONQ) introduced that it has acquired the working belongings of Entangled Networks Ltd. (“Entangled Networks”), a Toronto-based firm targeted on enabling computing in a number of distributed quantum processors. As a part of the transaction, the Entangled Networks staff will be part of IonQ to launch IonQ Canada and strengthen IonQ’s already rising networks. International presence. Entangled Networks, beforehand funded by traders like OurCrowd, marks the primary institutional acquisition of IonQ and demonstrates its continued market and {industry} management.

Classical supercomputers are made by inserting as many cores as doable on a single processor after which placing these processors/computer systems collectively. Purposes are cut up throughout a number of cores and processors to distribute the workload, and networking is used to speak between varied processors.

For quantum computing to scale considerably, they need to observe an identical sample. Future quantum computer systems will must be constructed from a number of processors and networked collectively. However in contrast to the classical community, quantum computer systems permit entanglement between nuclei to create a single, very giant quantum laptop. Quantum computer systems use the community for computing, not communication.

The acquisition of Entangled Networks additional fulfills IonQ’s purpose of growing quantum programs able to supporting future quantum networks. IonQ’s personal quantum community {hardware} is at the moment underneath improvement, and IonQ expects to exhibit an early model of a quantum community between two quantum computer systems in 2023.

“We imagine IonQ is a transparent market chief in each industrial and system efficiency, so our staff could be very excited to hitch forces,” mentioned Aharon Brodutch, co-founder and CEO of Entangled Networks. “We’re able to work on strengthening IonQ’s quantum computing options to deliver much more highly effective purposes to our prospects.”

“The partnership with Entangled Networks furthers our purpose of constructing IonQ the world’s greatest performing quantum computing firm,” mentioned Peter Chapman, President and CEO of IonQ. “In buying Entangled Networks belongings, IonQ will profit not solely from a few of the greatest specialists in quantum structure, but additionally from the software program instruments we plan to make use of to ship vital velocity will increase in our system efficiency. We’re additionally excited for the opening of IonQ Canada. This enlargement is a improvement in Canada. It can assist us higher assist the quantum computing neighborhood and additional our collaborations with IonQ companions and prospects.”

After a yr during which the quantum {industry} skilled great development, technological advances and international funding, IonQ has positioned itself as a pacesetter within the subject in offering highly effective and commercially accessible quantum programs. Moreover, IonQ’s robust financials have helped us obtain our purpose of reaching industry-first quantum analysis, {hardware} and software program achievements by attracting a few of the brightest minds from all over the world.

IonQ is thought for its industry-leading {hardware}. IonQ AryaThe world’s strongest quantum laptop, with 25 algorithmic qubits. Aria is publicly accessible by way of Microsoft Azure and Dell Hybrid Quantum Computing Solution. Extra lately, IonQ has additionally achieved a dominant place in quantum software program and has established software partnerships with prospects corresponding to: airbus, GEDow Chemistry and hyundai enginesand contracts with United States Air Force Research Laboratory and the College of Maryland.

About IonQ

IonQ, Inc. is a pacesetter in quantum computing with a confirmed monitor report of innovation and deployment. IonQ’s present technology quantum laptop, IonQ Forte, is the most recent in a line of state-of-the-art programs, together with IonQ Aria, an industry-leading system with 25 algorithmic qubits. Moreover recording efficiency, IonQ has recognized what it believes is the very best path to scaling.

IonQ is the one firm whose quantum programs could be accessed through the cloud on Amazon Braket, Microsoft Azure and Google Cloud, and thru direct API entry. IonQ was based in 2015 by Dr. Christopher Monroe and Dr. It was based by Jungsang Kim based mostly on 25 years of pioneering analysis. Go to to be taught extra

IonQ Ahead-Trying Statements

This press launch incorporates sure forward-looking statements throughout the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Alternate Act of 1934 as amended. A few of the forward-looking statements could be outlined by means of forward-looking phrases. Expressions that aren’t historic in nature, together with the phrases “anticipate”, “count on”, “counsel”, “plan”, “imagine”, “intend”, “estimate”, “targets”, “tasks”, “ought to” , “may,” “may,” “may,” “may,” “guess,” and different comparable expressions are supposed to explain forward-looking statements. These statements embrace these referring to the advantages of buying and selling with Entangled Networks; IonQ’s capability to develop quantum programs able to supporting future quantum networks; IonQ’s capability to exhibit an early model of a quantum community in 2023; The success of IonQ’s worldwide enlargement; IonQ’s capability to ship vital velocity will increase in our system efficiency; potential advantages of collaborations and partnerships of quantum computing and IonQ; and IonQ’s market alternative, anticipated development and future monetary efficiency. Ahead-looking statements are estimates, projections and different statements about future occasions which are based mostly on present expectations and assumptions and are consequently topic to dangers and uncertainties. There are numerous elements that would trigger precise future occasions to vary materially from the forward-looking statements on this press launch, together with however not restricted to: market adoption of quantum computing options and IonQ’s merchandise, providers and options; IonQ’s capability to guard its mental property; Adjustments within the aggressive industries during which IonQ operates; Adjustments in legal guidelines and rules that have an effect on IonQ’s enterprise; Potential to implement IonQ’s enterprise plans, forecasts and different expectations and determine and understand extra partnerships and alternatives; and the danger of a downturn available in the market and tech {industry}, together with however not restricted to the COVID-19 pandemic and/or elevated inflationary pressures. The record of things above isn’t exhaustive. You must rigorously think about the above elements and different dangers and uncertainties described within the “Threat Elements” part of IonQ’s Quarterly Report for the quarter ending September 30, 2022. Securities and Alternate Fee. These filings determine and handle different materials dangers and uncertainties that would trigger precise occasions and outcomes to vary materially from these contained in forward-looking statements. Ahead-looking statements solely communicate as of the date they’re made. Readers are cautioned to not place undue reliance on forward-looking statements, and IonQ doesn’t intend and undertakes no obligation to replace or revise these forward-looking statements for brand spanking new info, future occasions, or different causes. IonQ doesn’t make any ensures that it’ll meet your expectations.

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