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IonQ Announces Key Involvement at Seattle’s Northwest Quantum Nexus Summit 2023, Shares Vision for New Seattle-Area Campus
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
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Rhea-AI Summary
IonQ (NYSE: IONQ) will participate in the Northwest Quantum Nexus (NQN) Summit on January 23-24 at the University of Washington, Seattle. The event will feature discussions on advancements in quantum computing, led by IonQ CEO Peter Chapman, who will address the future of quantum computing in the Pacific Northwest. IonQ is hosting a hackathon in collaboration with Microsoft to challenge participants using its quantum hardware. Additionally, the company recently acquired Entangled Networks, enhancing its capabilities in distributed quantum computing. IonQ emphasizes its commitment to innovation and collaboration in the region.
Positive
Participation in the Northwest Quantum Nexus (NQN) Summit enhances visibility among key quantum computing professionals.
Hosting a hackathon with Microsoft to promote practical applications of IonQ's quantum technology.
Acquisition of Entangled Networks strengthens IonQ's position in distributed quantum computation.
New 65,000 sq. ft. manufacturing facility in Bothell boosts operational capacity and collaboration opportunities.
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IonQ executives and leadership will lead sessions on building the future of quantum computers in the Pacific Northwest
IonQ will also host a hackathon to explore the limits of running programs on IonQ quantum hardware
COLLEGE PARK, Md.--(BUSINESS WIRE)--
Today, IonQ (NYSE: IONQ), a quantum computing industry leader, announced its participation at the two-day Northwest Quantum Nexus (NQN) Summit at the University of Washington’s Seattle campus from January 23-24, where the company will present to the Pacific Northwest’s top quantum computing professionals and educators and host a hackathon in partnership with Microsoft. The NQN Summit brings together speakers from industry, academia, and government to advance the science, workforce development, and economic impact of quantum computing.
At NQN, IonQ will discuss its recent innovations in quantum computing hardware and software, as well as how future investment in innovation will push the industry forward.
IonQ President and CEO Peter Chapman will speak on building the next generation of quantum computers in the Pacific Northwest, following the recent announcement of a new 65,000 square foot quantum computing manufacturing facility it will be opening in Bothell, Wash.
IonQ VP Financial Planning and Analysis and Head of Corporate Development, Jordan Shapiro, will moderate a panel on venture investing in quantum and scaling deep technology startups.
IonQ Technical Director of Quantum Partnerships and Alliances, Nicole Barberis, will participate in a presentation introducing new NQN members including Washington State University, IonQ, University of Oregon, Amazon, and Boeing.
IonQ’s Josh Goings, Dominic Widdows, Jon Donovan, and Luning Zhao will lead a hackathon, alongside Microsoft, that will explore the limits of running programs on IonQ’s quantum hardware and challenge participants to solve problems via a quantum algorithm.
“As the first pure-play quantum computing company participating in the Northwest Quantum Nexus, IonQ brings industry-leading performance to all three major cloud quantum platforms including Microsoft Azure Quantum, Amazon Braket, and Google Quantum,” said Peter Chapman, President and CEO of IonQ. “We strongly believe in the Pacific Northwest region as the next international hub for quantum, and are excited to share the news about IonQ’s new manufacturing facility in Bothell, WA. This new facility will give us the opportunity to collaborate with the Pacific Northwest’s incredible wealth of talent as we build future quantum solutions.”
Earlier this month, IonQ acquired Entangled Networks, a Toronto-based company focused on enabling computation across multiple distributed quantum processors. Today’s news is the latest in a series of developments of IonQ’s presence in the Pacific Northwest, where in February 2022, IonQ and the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL) announced that their public-private partnership had yielded a sustainable and robust supply of barium qubits for IonQ’s next generation of barium-based quantum computers. Last December, IonQ’s scientific leadership team presented results from its advanced battery chemistry model project with Hyundai Motor Company at the Q2B conference. Other recent corporate and federal contracts announced include companies like Airbus, GE, Dow Chemistry, Hyundai Motors, the United States Air Force Research Laboratory and the University of Maryland.
About IonQ
IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQ Aria is the latest in a line of cutting-edge commercial quantum systems, boasting industry-leading 25 algorithmic qubits. Along with record performance, IonQ has defined what it believes is the best path forward to scale.
IonQ 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.
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 words “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions are intended to identify forward-looking statements. These statements include those related to the success of IonQ’s new manufacturing facility on development of IonQ’s quantum systems and demand; IonQ’s commitment to invest in the Pacific Northwest over the next 10 years; IonQ’s ability to meet customer demand; IonQ’s ability to expand its business and create jobs in the Pacific Northwest; the impact that members of the engineering and manufacturing teams have on IonQ’s growth in the Pacific Northwest; and the ability of quantum computing to solve some of the world’s most pressing challenges in the future. 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’s 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’s business; IonQ’s ability to implement its business plans, forecasts and other expectations, and identify and realize additional partnerships and opportunities; 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 described in the “Risk Factors” section of IonQ’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, 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.
