IonQ to Acquire Qubitekk, Furthering Leadership in Quantum Networking
IonQ (NYSE: IONQ) has announced a definitive agreement to acquire Qubitekk, a leading quantum networking company. The acquisition includes Qubitekk's team, technology, products, and 118 U.S. and international patents. This strategic move follows IonQ's recent $54.5 million contract with the U.S. Air Force Research Lab and aims to strengthen IonQ's position in quantum networking.
The deal, expected to close within six months, will bring Qubitekk's expertise in quantum networks, including their achievement in deploying the nation's first commercially available quantum network in Chattanooga. IonQ expects this acquisition to contribute to near-term bookings and revenue opportunities, potentially becoming the first division to achieve positive cash flow.
IonQ (NYSE: IONQ) ha annunciato un accordo definitivo per acquisire Qubitekk, una delle principali aziende nel settore delle reti quantistiche. L'acquisizione include il team, la tecnologia, i prodotti e 118 brevetti nazionali e internazionali di Qubitekk. Questa mossa strategica segue il recente contratto di IonQ del valore di 54,5 milioni di dollari con il Laboratorio di Ricerca dell'Aeronautica degli Stati Uniti e mira a rafforzare la posizione di IonQ nelle reti quantistiche.
Si prevede che l'affare, che dovrebbe chiudersi entro sei mesi, porterà l'expertise di Qubitekk nelle reti quantistiche, compreso il loro traguardo di aver implementato la prima rete quantistica commercialmente disponibile nel paese a Chattanooga. IonQ si aspetta che questa acquisizione contribuisca alle prenotazioni a breve termine e alle opportunità di ricavo, potenzialmente diventando la prima divisione a generare flusso di cassa positivo.
IonQ (NYSE: IONQ) ha anunciado un acuerdo definitivo para adquirir Qubitekk, una empresa líder en redes cuánticas. La adquisición incluye al equipo, la tecnología, los productos y 118 patentes nacionales e internacionales de Qubitekk. Este movimiento estratégico sigue al reciente contrato de IonQ por 54,5 millones de dólares con el Laboratorio de Investigación de la Fuerza Aérea de EE. UU. y tiene como objetivo fortalecer la posición de IonQ en redes cuánticas.
Se espera que el acuerdo, que se cierre en un plazo de seis meses, traiga la experiencia de Qubitekk en redes cuánticas, incluida su hazaña de implementar la primera red cuántica comercial disponible en el país en Chattanooga. IonQ espera que esta adquisición contribuya a las reservas y oportunidades de ingresos a corto plazo, y potencialmente se convierta en la primera división en lograr flujo de caja positivo.
IonQ (NYSE: IONQ)는 Qubitekk, 주요 양자 네트워킹 회사 인수를 위한 최종 계약을 발표했습니다. 인수에는 Qubitekk의 팀, 기술, 제품 및 118개의 미국 및 국제 특허가 포함됩니다. 이 전략적 결정은 IonQ가 최근 미 공군 연구소와 체결한 5450만 달러 규모의 계약에 이어 나온 것이며, IonQ의 양자 네트워킹 분야에서의 입지를 강화하려는 목표를 가지고 있습니다.
이 거래는 6개월 이내에 종료될 것으로 예상되며, Qubitekk의 양자 네트워크 전문 지식을 가져올 것입니다. 그중에는 차타누가에서 상업적으로 이용 가능한 최초의 양자 네트워크를 배치한 성과도 포함되어 있습니다. IonQ는 이번 인수가 단기 예약 및 수익 기회에 기여할 것으로 예상하며, 잠재적으로 긍정적인 현금 흐름을 달성하는 첫 번째 부서가 될 수 있습니다.
IonQ (NYSE: IONQ) a annoncé un accord définitif pour acquérir Qubitekk, une entreprise leader dans le domaine des réseaux quantiques. L'acquisition comprend l'équipe de Qubitekk, sa technologie, ses produits et 118 brevets nationaux et internationaux. Ce mouvement stratégique fait suite au contrat récent d'IonQ de 54,5 millions de dollars avec le laboratoire de recherche de l'Armée de l'air des États-Unis et vise à renforcer la position d'IonQ dans les réseaux quantiques.
Le contrat, qui devrait être finalisé dans les six mois, apportera l'expertise de Qubitekk en matière de réseaux quantiques, y compris leur réalisation de déployer le premier réseau quantique commercialement disponible du pays à Chattanooga. IonQ s'attend à ce que cette acquisition contribue aux réservations et opportunités de revenus à court terme, devenant potentiellement la première division à générer un flux de trésorerie positif.
IonQ (NYSE: IONQ) hat eine verbindliche Vereinbarung zur Übernahme von Qubitekk, einem führenden Unternehmen im Bereich der Quanten-Netzwerke, bekannt gegeben. Die Übernahme umfasst das Team, die Technologie, die Produkte und 118 US-amerikanische sowie internationale Patente von Qubitekk. Dieser strategische Schritt folgt auf den kürzlich abgeschlossenen Vertrag im Wert von 54,5 Millionen US-Dollar mit dem Forschungsinstitut der US-Luftwaffe und zielt darauf ab, die Position von IonQ im Bereich der Quanten-Netzwerke zu stärken.
Der Deal, der voraussichtlich innerhalb von sechs Monaten abgeschlossen wird, wird die Expertise von Qubitekk im Bereich der Quanten-Netzwerke einbringen, einschließlich ihres Erfolgs beim Einsatz des ersten kommerziell verfügbaren Quanten-Netzwerks des Landes in Chattanooga. IonQ erwartet, dass diese Übernahme zu kurzfristigen Buchungen und Einnahmemöglichkeiten beiträgt und potenziell die erste Abteilung wird, die positiven Cashflow erzielt.
- Acquisition includes 118 U.S. and international patents in quantum networking
- Expected to contribute to near-term bookings and revenue opportunities
- Potential to be IonQ's first cash flow positive division
- Builds upon recent $54.5M AFRL contract win
- Expands commercial leadership in quantum networking market
- Acquisition costs and terms not disclosed
- Six-month closing period subject to conditions
- Integration risks with existing operations
Insights
The acquisition of Qubitekk represents a strategic move to strengthen IonQ's position in quantum networking. The deal brings significant value through 118 U.S. and international patents and an established commercial quantum network deployment. Following the recent
The transaction's potential to generate near-term bookings and become the first cash flow positive division is particularly noteworthy for investors. This could accelerate IonQ's path to profitability, though specific financial terms weren't disclosed. The acquisition also diversifies revenue streams beyond quantum computing into networking infrastructure, positioning IonQ for growth in defense, finance and energy sectors.
The technical synergy between Qubitekk's networking expertise and IonQ's quantum computing infrastructure is compelling. Qubitekk's experience with the EPB Quantum Network and IonQ's photonic interconnect technology creates a powerful combination for scaling quantum systems. The ability to link multiple quantum computers together through networking is important for increasing computational power.
The blind quantum computing capabilities and secure communications infrastructure position IonQ at the forefront of quantum security applications. This technology stack addresses critical challenges in quantum computing scalability and secure distributed computing, giving IonQ a competitive edge in both hardware and networking solutions.
Qubitekk’s renowned team, technology, products, and patent portfolio to join IonQ
Acquisition to continue expansion of IonQ's trajectory into the quantum networking market
Quantum networks are expected to become essential infrastructure, enabling critical applications especially in the defense, finance, and energy sectors. The technology enables multiple nodes to communicate via entangled qubits, offering ultra-secure communications, precise timing synchronization, a foundation for distributed quantum computing, and a transport layer for quantum sensing. Having designed and deployed the nation’s first commercially available quantum network in
From the start, IonQ has prioritized quantum networking as a key strategy for scaling its quantum computers. Specifically, IonQ’s architecture plans to use photonic interconnects to link multiple quantum computers together, creating a more powerful cluster. The years that IonQ has dedicated to developing this technology for its computing efforts have allowed IonQ to quickly advance its offerings in the quantum networking industry.
Once closed, the Qubitekk acquisition will represent a major addition to IonQ’s quantum networking capabilities and customer set. IonQ believes the transaction will contribute to near-term bookings and revenue opportunities, extending IonQ’s commercial leadership in quantum networking.
“Our acquisition of Qubitekk will mark a significant step in IonQ’s expansion into the quantum networking market, where IonQ will be a clear leader in both quantum networking and quantum computing,” said Peter Chapman, President and CEO of IonQ. “The combination of Qubitekk and IonQ will allow us to continue our momentum in quantum networking. Quantum networking and quantum computing are highly synergistic for IonQ. I expect that the quantum networking part of IonQ could be the first division to be cash flow positive.”
Qubitekk’s executive team and employee base including physicists, engineers, software developers, and others will join IonQ to further drive quantum networking efforts. The Qubitekk team joining IonQ includes Co-Founder and CEO Stan Ellis, Co-Founder and CTO Dr. Duncan Earl, Chief Revenue Officer Corey McClelland, and President Keith Clark.
The deal will also significantly expand IonQ’s quantum networking expertise and technology portfolio with 118 U.S. and international patents in the areas of quantum networking hardware and quantum network security and protection.
“Qubitekk is thrilled to be joining IonQ to capitalize on our early advantage in the quantum networking space,” said Stan Ellis, Co-Founder and CEO of Qubitekk. “We have admired IonQ as the pioneering quantum company, with powerful computing systems and a demonstrated commitment to quantum networking as critical infrastructure. Uniting Qubitekk with IonQ will allow us to pursue the quantum-enabled internet as a near-term reality.”
IonQ’s acquisition of Qubitekk follows closely on the heels of a series of recent quantum networking announcements from IonQ. In September, IonQ announced the largest known 2024
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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 Qubitekk
Qubitekk designs, builds, and integrates the hardware and software for quantum networks, precursors to the quantum-enabled internet, while championing the growth of a robust quantum ecosystem through education, advocacy, and collaboration. Qubitekk’s comprehensive entanglement distribution technology is at the core of the Bohr-IV Metro Quantum Network solution deployed at EPB and utilized in its Quantum Network Essentials product line and secure network solutions being developed for drones, satellite communications, and the electric grid.
Co-founded by Dr. Duncan Earl, a nationally recognized pioneer in the field of practical quantum applications, Qubitekk has been recognized with an Edison Gold Award and R&D World’s R&D 100 Award. Qubitekk’s quantum technology is empowering the next generation of solutions for AI, machine learning, automation, sensing applications, cybersecurity, and secure communications. The company’s growing list of partners and customers includes NASA, GE, Verizon, Juniper, the United States Department of Energy, and the United States Department of Defense. For more information, visit Qubitekk.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 terms “accelerate,“advance,” “aim,” “believe,” “benefit,” “collaboration,” “design,” “enable,” “exceed,” “expect,” “expected to,” “intend,” “next-generation,” “will,” “would,” and other similar expressions are intended to identify forward-looking statements. These statements include those related to the anticipated closing of the transaction, the acquisition of Qubitekk customer contracts, IonQ’s expansion into the quantum networking market, the expectation that the Qubitekk acquisition will contribute to IonQ’s near-term bookings and revenue, the expected hiring of Qubitekk employees; the expansion of IonQ’s expertise, capabilities and technologies, Qubitekk personnel joining IonQ, and IonQ’s market position. 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 conditions for closing the transaction not being met, including the entry into certain contracts and amendments to contracts; changes in the competitive industries in which IonQ operates, including development of competing technologies; IonQ’s inability to enter new markets and exploit new technologies; IonQ’s ability to deliver on Qubitekk customer contracts; IonQ’s inability to hire and maintain the services of Qubitekk personnel; 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/20241106146038/en/
IonQ Media contact:
Tyler Ogoshi
press@ionq.com
IonQ Investor Contact:
investors@ionq.com
Source: IonQ
FAQ
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