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IonQ Joins University of Maryland Quantum Startup Foundry, Receives National Innovation Award

CONTACTS:

Sara Gavin , 301-405-0603 sgavin@umd.edu

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COLLEGE PARK, Md.--IonQ, Inc. (IonQ) (NYSE: IONQ), the leading developer of quantum computing devices born out of research at the University of Maryland (UMD) and Duke University, becomes the newest member of the Quantum Startup Foundry at UMD. This collaboration builds upon a strong partnership and a shared commitment between IonQ and UMD to accelerate cutting-edge quantum technologies and develop a thriving quantum ecosystem in the region.

The announcement coincides with the news that IonQ has received the 2021 Innovation Award from the Association of University Research Parks (AURP). This award is given annually to the business or nonprofit institution located in a research park, science park or innovation district, which has brought forward one or more proprietary products, processes or services that represent a substantial technological breakthrough or have the potential for a significant positive impact on the economics, health or welfare of humanity overall.

"The world's most complex problems require the world's most innovative solutions — and that's what we set out to create with IonQ" said Peter Chapman, President and CEO of IonQ. "We're honored to receive the Innovation Award as it marks another exciting milestone for our quantum community, and for our partnership with the University of Maryland where College Park is truly emerging as the Silicon Valley of Quantum. Working together, we're creating tangible solutions to challenges that matter, and we're just getting started."

IonQ, headquartered in College Park in the UMD Discovery District, began trading on the New York Stock Exchange October 1 under the ticker NYSE: IONQ.

The University of Maryland has long been a global center of excellence in quantum science and computing and housed one of the laboratories out of which IonQ emerged. The university is home to more than 200 quantum-focused researchers and seven centers, including the new National Quantum Lab at Maryland (Q-Lab) established as a result of the university’s ongoing partnership with IonQ. The Q-Lab will be the nation’s first user facility that enables the scientific community to pursue world-leading research through hands-on access to a commercial-grade quantum computer and will be located at IonQ’s headquarters in College Park.

“Welcoming IonQ into the QSF at the University of Maryland is just a natural fit given the history between the two organizations and how well we work together,” said Julie Lenzer, Director of the QSF and Chief Innovation Officer at UMD. “Additionally, I’m thrilled the AURP is recognizing IonQ’s leadership for being the trail blazers they are and we’re so proud to have them right here in the Capital of Quantum.”

About the QSF at UMD:

Located in the Washington, DC metro area, the Quantum Startup Foundry at the University of Maryland offers the perfect landing and launch spot for quantum companies. The QSF’s TraQtion program is a market accelerator that leverages UMD quantum centers, the Mid-Atlantic Quantum Alliance (MQA) and other partnerships to connect companies with large government contractors for technology validation and potential customers looking for quantum and quantum-enabling technologies. The Pre-TraQtion program is designed for earlier-stage quantum and enabling technology startups that are looking for grant funding opportunities. Learn more at quantum.umd.edu/startup.

About IonQ:

IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQ’s next-generation quantum computer is the world’s most powerful trapped-ion quantum computer, and 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 Christopher Monroe and Jungsang Kim based on 25 years of pioneering research. To learn more, visit www.ionq.com.

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 Company’s ability to further develop and advance its quantum computers, achieve scale and accelerate cutting-edge quantum technologies and develop a thriving quantum ecosystem in the region. 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 the Company’s products, services and solutions; the ability of the Company to protect its intellectual property; changes in the competitive industries in which the Company operates; changes in laws and regulations affecting the Company’s business; the Company’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. 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 the registration statement on Form S-4 and other documents filed by the Company 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 the Company assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company does not give any assurance that it will achieve its expectations.


Tags:

Quantum Science Research

Areas of Expertise:

Quantum Science

Colleges and Schools:

Division of Research

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