Ansys and IonQ Are Bringing the Power of Quantum to the $10 Billion Dollar Computer-Aided Engineering Industry

Rhea-AI Summary

IonQ (NYSE: IONQ) and Ansys (Nasdaq: ANSS) have announced a strategic partnership to integrate quantum computing into the $10B computer-aided engineering (CAE) industry. The collaboration aims to accelerate simulation processes, expand design exploration, and reduce product development timelines. Ansys will gain access to quantum infrastructure for testing, while IonQ will utilize Ansys' multiphysics technology to design next-generation quantum computers. The partnership focuses on making quantum simulation accessible to both expert and non-expert users, potentially revolutionizing the CAE market through enhanced computational capabilities.

Positive

• Partnership opens access to the $10B CAE market for IonQ
• IonQ gains access to Ansys' advanced simulation technology for quantum computer development
• Potential for accelerated product development and market entry timelines

Negative

• None.

Insights

Technology Integration Specialist

The partnership between IonQ and Ansys represents a significant strategic move in the $10 billion CAE market. The integration of quantum computing capabilities with Ansys' simulation software could create a powerful competitive advantage in high-performance computing. The collaboration has three key value drivers:

• Enhanced simulation capabilities that could accelerate product development cycles
• Cross-pollination of expertise, with IonQ using Ansys' tools for quantum hardware development
• Market expansion opportunities for both companies in the enterprise segment

While the immediate revenue impact may be , this partnership positions both companies at the forefront of quantum-classical hybrid computing solutions. The focus on making quantum computing accessible to non-experts could significantly expand the addressable market, though meaningful commercial impact likely remains several years away.

Market Research Analyst

This partnership targets a critical bottleneck in the CAE industry - computational limitations in complex simulations. The deal has strategic importance for both companies: IonQ gains access to the lucrative CAE market and essential design tools, while Ansys positions itself early in the quantum computing revolution. The presence of major enterprise customers like Airbus and Hyundai adds credibility to IonQ's commercial viability. However, investors should note that quantum computing is still in early stages and revenue materialization will take time. The partnership's success will depend on IonQ's ability to demonstrate clear computational advantages over classical systems in real-world applications.

IonQ and Ansys partner to enhance engineering simulation through advanced quantum computing

Key Highlights

• The computer-aided engineering (CAE) market can benefit from the ability of IonQ quantum computers to accelerate simulation, allowing Ansys customers to perform more complex simulations and bring better products to market faster.
• New partnership aims to allow expert and non-expert users to seamlessly access the power of IonQ’s quantum computers to improve product development processes.
• IonQ will use Ansys simulation solutions to design its next-generation quantum computers and quantum networks for increased scalability and performance.

COLLEGE PARK, Md.--(BUSINESS WIRE)-- IonQ (NYSE: IONQ), a leader in the quantum computing industry, and Ansys (Nasdaq: ANSS), have joined forces to integrate quantum computing into the $10B computer-aided engineering (CAE) industry.* Together, IonQ and Ansys aim to accelerate simulation, expand high-fidelity design exploration, and reduce product development timelines, enabling faster market entry for innovative products.

This partnership aims to make simulation accessible to both quantum experts and non-experts, with the goal of enhancing enterprise value and streamlining product development processes. Ansys solutions are used in product development across industries and account for a significant portion of all modeling and simulation in the CAE market. As IonQ’s quantum computers advance and outpace classical systems on specific tasks, integrating them with Ansys’ technology for complex simulations will open the door to new discoveries and innovations. With these advancements, Ansys will gain access to critical infrastructure to test and refine its technology in a quantum environment.

IonQ will use Ansys’ multiphysics technology — including structural, optical, photonic, and electromagnetic simulation software — to design and optimize key components for extremely scalable and performant next-generation quantum computers.

“We are excited to work with IonQ to create a new generation of quantum-based solvers that could simultaneously increase predictive accuracy and expedite simulation run time,” said Prith Banerjee, Chief Technology Officer at Ansys. “Our goal is to enable every Ansys customer to seamlessly access the power of quantum computing to accelerate innovation and get their products to market sooner. We believe that quantum computing holds tremendous benefit for the CAE market, and IonQ’s technology excels at offering solutions to complex simulation challenges that were previously out of reach for classical computers.”

“IonQ has made significant strides in demonstrating the value of quantum computing to businesses across industries, such as pharmaceuticals, finance, automotive, and aerospace,” said Ariel Braunstein, IonQ’s SVP of Products and Applications. “We believe that Ansys’ simulation software will be crucial to designing and scaling our most advanced systems. This partnership will also give IonQ broader access to the multi-billion dollar Computer-Aided Engineering market, which accounts for a substantial portion of global High-Performance Computing usage.”

IonQ also works with enterprise customers such as Airbus and Hyundai Motor to incorporate quantum solutions into their industries. To learn more about IonQ and its latest system news and business developments, visit https://ionq.com/.

*https://www.grandviewresearch.com/industry-analysis/computer-aided-engineering-cae-market

About IonQ

IonQ, Inc. is a leader in quantum computing that delivers high-performance systems capable of solving the world’s largest and most complex commercial and research use cases. IonQ’s current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company’s innovative technology and rapid growth were recognized in Fast Company’s 2023 Next Big Things in Tech List and Deloitte’s 2023 Technology Fast 500™ List, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ.com.

About Ansys

Our Mission: Powering Innovation that Drives Human Advancement™

When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.

Ansys and any and all ANSYS, Inc. brand, product, service, and feature names, logos, and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service, and feature names or trademarks are the property of their respective owners.

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 “accelerate,” “advance,” “aim,” “believe,” “benefit,” “can,” “collaboration,” “critical,” “crucial,” “design,” “designing,” “designed to,” “enable,” “enabling,” “enhancing,” “exceed,” “expand,” “expect,” “expected to,” “intend,” “next-generation,” “optimize,” “outpace,” “performant,” “reduce,” “scalable,” “scaling,” “streamlining,” “will,” “would,” and other similar expressions are intended to identify forward-looking statements. These statements include those related to increased scalability and performance of IonQ’s systems, the ability for others to access and implement IonQ’s offerings to increase their quantum computing capabilities, the ability for IonQ’s offerings to accelerate simulation and drive faster time-to-solution or to exceed the capabilities of classical computing in the future, IonQ’s quantum computing capabilities and plans, and the scalability and reliability of IonQ’s quantum computing 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: changes in the competitive industries in which IonQ operates, including development of competing technologies; changes in laws and regulations affecting IonQ’s business; IonQ’s ability to implement its business plans, forecasts and other expectations, identify and realize partnerships and opportunities, and to engage new and existing customers. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241106591548/en/

IonQ Media contact:

Tyler Ogoshi

press@ionq.com



IonQ Investor Contact:

investors@ionq.co



Ansys Media Contact:

Mary Kate Joyce

724.820.4368

marykate.joyce@ansys.com



Ansys Investor contact:

Kelsey DeBriyn

724.820.3927

kelsey.debriyn@ansys.com

Source: IonQ

FAQ

What is the purpose of the IonQ and Ansys partnership announced in 2023?

The partnership aims to integrate quantum computing into the $10B computer-aided engineering industry, accelerate simulation processes, and reduce product development timelines while making quantum simulation accessible to both expert and non-expert users.

How will Ansys benefit from the partnership with IonQ (NYSE: IONQ)?

Ansys will gain access to critical quantum infrastructure to test and refine its technology in a quantum environment, potentially enabling faster and more complex simulations for its customers.

What technology will IonQ use from Ansys for quantum computer development?

IonQ will use Ansys' multiphysics technology, including structural, optical, photonic, and electromagnetic simulation software, to design and optimize components for next-generation quantum computers.