IonQ Delivers First Overseas Ion Trap to Switzerland, Progressing Development of Quantum Innovation Hub for EMEA

Rhea-AI Summary

IonQ (NYSE: IONQ) has delivered its first overseas ion trap to QuantumBasel in Switzerland, marking a significant milestone in the development of its IonQ Forte Enterprise quantum computer. This system will scale to 35 algorithmic qubits (#AQ) and can consider over 34 billion possibilities simultaneously. The delivery is part of IonQ's partnership with QuantumBasel to create a quantum innovation hub for Europe, the Middle East, and Africa.

The collaboration will provide European businesses, government agencies, and research institutes with enterprise-grade direct access to IonQ's high-performance quantum systems. QuantumBasel will offer access to the #AQ 35 Forte Enterprise system at uptownBasel, an international center near Basel. IonQ plans to deliver a future #AQ 64 system through this partnership as well.

Positive

• Delivery of first overseas ion trap to QuantumBasel, expanding IonQ's global presence
• Development of IonQ Forte Enterprise system with 35 algorithmic qubits (#AQ)
• Partnership with QuantumBasel to create a quantum innovation hub for EMEA
• Plans to deliver a future #AQ 64 system through the partnership

Negative

• None.

Insights

Tech Expert

IonQ's delivery of its ion trap to Switzerland marks a significant step in expanding quantum computing infrastructure globally. The IonQ Forte Enterprise system, with its 35 algorithmic qubits, represents a substantial leap in quantum processing power. This system's ability to consider over 34 billion possibilities simultaneously could potentially revolutionize complex problem-solving in AI, finance and chemistry.

The use of naturally occurring qubits (individual atoms) in IonQ's technology offers advantages in accuracy and scalability compared to synthetic qubit systems. This approach could provide more stable and reliable quantum computations, important for enterprise applications. The establishment of a European quantum data center also signifies the growing demand for quantum computing resources and the potential for accelerated development of quantum applications in the EMEA region.

Market Research Analyst

IonQ's expansion into Europe through the QuantumBasel partnership is a strategic move that could significantly impact its market position. By providing direct access to high-performance quantum systems in Europe, IonQ is tapping into a growing market for quantum computing solutions. This could lead to increased adoption of IonQ's technology among European businesses and research institutions, potentially boosting the company's revenue and market share.

The collaboration with uptownBasel creates a quantum innovation hub, which could attract talent and foster partnerships, further strengthening IonQ's ecosystem. However, investors should monitor the pace of quantum adoption in Europe and any potential regulatory challenges that may arise. The success of this expansion could be a key factor in IonQ's long-term growth and competitiveness in the global quantum computing market.

IonQ delivers the heart of its quantum computer – the ion trap – to QuantumBasel

COLLEGE PARK, Md.--(BUSINESS WIRE)-- IonQ (NYSE: IONQ), a leader in the quantum computing industry, today announced the delivery of its innovative ion trap to its European quantum data center in QuantumBasel. The delivery marks an important milestone in the manufacturing of the company’s most powerful and scalable system – IonQ Forte Enterprise – which will scale to 35 algorithmic qubits (#AQ) and be capable of considering more than 34 billion different possibilities simultaneously.

Photo of ion trap (Image courtesy of IonQ)

European businesses, government agencies, and research institutes will benefit from enterprise-grade direct access to IonQ’s systems when developing novel applications for highly complex problems in fields like AI, finance, and chemistry. IonQ specialists working out of the company’s Basel, Switzerland headquarters will be onsite to receive the trap and continue the build and commissioning of the system.

“Today's delivery of our first overseas ion trap marks a critical step in our partnership with QuantumBasel, and our commitment to building best-in-class quantum computers that meet the requirements of performance, scalability, and enterprise-grade solutions,” said Peter Chapman, President and CEO of IonQ. “This achievement brings us one step closer to providing direct access to IonQ’s high-performance systems to organizations across Europe.”

Announced last year, the partnership between IonQ and QuantumBasel leverages the strengths of both organizations to drive innovation in quantum technology. As part of this collaboration, QuantumBasel will offer uptownBasel – an international center near Basel that houses enterprises, research institutes, startups, and universities – direct access to the #AQ 35 Forte Enterprise system. IonQ will also deliver a future #AQ 64 system through this partnership.

“The arrival of IonQ's ion trap and the progress the teams have made to construct our first quantum system is a testament to the strong partnership between IonQ and QuantumBasel," said Damir Bogdan, CEO of QuantumBasel. "We are excited about the potential this technology brings to our commercial and research endeavors.”

“IonQ's quantum computer on the Swiss Schorenareal in Arlesheim is an important investment in the future," said Dr. Thomas Staehelin, investor, and Chairman of the Board of Directors of uptownBasel Corp. "We look forward to the innovative developments that will emerge from this collaboration.”

While other quantum hardware developers use "synthetic" quantum bits (qubits) to form the basis of their quantum systems, IonQ’s systems are built around naturally occurring qubits: individual atoms. These atoms are turned into ions and ‘trapped’ in 3D space where lasers do everything from initial preparation of atoms to final readout to deliver accurate results. The speed, accuracy, and scalability of IonQ’s trapped ion systems make them an ideal platform for both research and enterprise applications.

To learn more about IonQ and its latest system news and business developments, visit https://ionq.com/.

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.

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 “commitment,” “will,” and other similar expressions are intended to identify forward-looking statements. These statements include those related to the company’s technology driving commercial advantage, the ability for third parties to implement IonQ’s offerings to increase their quantum computing capabilities, the effect of increased availability of customer support functions, IonQ’s quantum computing capabilities and plans, access to IonQ’s quantum computers, increases in algorithmic qubit achievement, and the scalability, performance, speed, accuracy, 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, commitments, 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/20240813717294/en/

IonQ Media:

Tyler Ogoshi

press@ionq.com



IonQ Investor:

investors@ionq.co

Source: IonQ

FAQ

What is the significance of IonQ delivering its first overseas ion trap to Switzerland?

The delivery marks a critical step in IonQ's partnership with QuantumBasel and its commitment to providing direct access to high-performance quantum systems for organizations across Europe. It's part of developing a quantum innovation hub for the EMEA region.

What capabilities will the IonQ Forte Enterprise system have when installed at QuantumBasel?

The IonQ Forte Enterprise system will scale to 35 algorithmic qubits (#AQ) and be capable of considering more than 34 billion different possibilities simultaneously, providing enterprise-grade quantum computing power for European businesses, government agencies, and research institutes.

How does IonQ's quantum technology differ from other quantum hardware developers?

IonQ uses naturally occurring qubits (individual atoms turned into ions) trapped in 3D space, while other developers use 'synthetic' qubits. IonQ's approach offers advantages in speed, accuracy, and scalability for both research and enterprise applications.

What future plans does IonQ (NYSE: IONQ) have for its partnership with QuantumBasel?

In addition to the current IonQ Forte Enterprise system, IonQ plans to deliver a future #AQ 64 system through the partnership, further enhancing the quantum computing capabilities available at the QuantumBasel facility.