IonQ, Inc. - IONQ STOCK NEWS

IonQ has secured a $13.4 million contract with the U.S. Air Force Research Lab to provide access to its trapped ion systems for quantum computing research. This agreement marks a significant milestone in public-private partnerships within quantum technology, aimed at advancing national security. IonQ's CEO, Peter Chapman, emphasized the potential of quantum computing in enhancing U.S. defense capabilities. The company reaffirmed its financial outlook in connection with this new contract, highlighting ongoing momentum in both research and commercial activities.

IonQ, a leader in quantum computing, will participate in the IEEE International Conference on Quantum Computing and Engineering (QCE22) from September 18-23, 2022, in Broomfield, Colorado. Co-founder and Chief Scientist Christopher Monroe will deliver a keynote on September 19, highlighting the benefits of trapped ion quantum computers. The company will also conduct workshops addressing critical topics in quantum systems throughout the event.

IonQ (NYSE: IONQ) has partnered with Airbus on a yearlong project focusing on quantum computing applications in aerospace. The collaboration aims to develop quantum-derived algorithms for optimizing aircraft loading, addressing current supply chain challenges. This project could lead to significant cost savings and enhanced passenger experiences through improved cargo distribution. Airbus envisions broader applications in aviation, including reduced fuel consumption and optimized flight trajectories. This partnership builds on IonQ's previous collaborations and its growing presence in Europe.

IonQ has announced the launch of IonQ Aria, its second quantum system available on the Azure Quantum platform, enhancing access to powerful quantum computing.

This rollout follows the introduction of IonQ Harmony in 2019. IonQ Aria features an algorithmic qubit count of 23, positioning it as a leading quantum computer.

Enterprise clients can use it for applications in finance, EV battery modeling, and autonomous vehicle technology, with premium onboarding included.

IonQ (NYSE: IONQ) announced significant advancements in quantum computing, reporting Q2 2022 revenue of $2.6 million, up from $93,000 year-over-year. The newly launched IonQ Aria features 23 algorithmic qubits, enhancing computational power by over 130,000 times. IonQ secured contracts with Airbus and Dow for applications in optimization and materials discovery, respectively. The company projects annual revenue of $10.2 to $10.7 million for 2022 and maintains a strong cash position of $571.3 million to support R&D and production efforts.

IonQ, a leader in quantum computing, announced its participation in the North American Conference on Trapped Ions (NACTI) at Duke University from August 1-4, 2022. Co-founder and CTO Jungsang Kim will discuss updates on IonQ Aria and IonQ Forte systems, emphasizing the importance of algorithmic qubits (#AQ) in assessing quantum computer performance. The conference will also cover topics like quantum scaling, new traps, and ion trapping techniques. IonQ provides cloud access to its systems on major platforms like Amazon Braket and Microsoft Azure.

IonQ, a leader in quantum computing, will release its financial results for the quarter ended June 30, 2022, on August 15, 2022, post-market close. A conference call will take place at 4:30 PM ET the same day to discuss the results and future outlook. Investors can access this call via telephone or webcast. IonQ's quantum computer, IonQ Forte, represents the company's commitment to innovation, being available through major cloud platforms including Amazon Braket, Microsoft Azure, and Google Cloud.

IonQ has established its first wholly owned subsidiaries in Germany and Israel to enhance support for European and Israeli customers in quantum computing. The new entities, IonQ GmBH and IonQ Israel LTD, aim to offer IonQ's cutting-edge quantum systems across various sectors. Noam Zakay, a former IBM executive, is appointed as the Managing Director for IonQ GmBH, tasked with leading business development and sales in the region. This initiative reflects IonQ's long-term commitment to embed itself in the European and Israeli tech landscapes.

IonQ announces the appointment of Kathy Chou, SVP of SaaS Engineering at Nutanix, to its Board of Directors. Her extensive experience in engineering operations at leading tech firms like VMware, HP, and Intuit will bolster IonQ's mission to advance quantum computing. Chou expressed enthusiasm for the transformative potential of quantum computing across several industries, emphasizing IonQ's leadership role in this field. Her strategic insights are expected to guide IonQ's future initiatives and innovations in providing solutions to complex global challenges.