IonQ Announces Agreement with the United Arab Emirates Technology Innovation Institute
27 January 2025 - 11:05PM
Business Wire
The renewal marks the continuation of IonQ’s
customer agreement with UAE’s Technology Innovation Institute,
reinforcing IonQ’s expanding presence in the region
IonQ (NYSE: IONQ), a leader in the quantum computing and
networking industries, today announced the renewal of its agreement
with Abu Dhabi’s Quantum Research Center – Technology Innovation
Institute (TII) in the United Arab Emirates (UAE). This renewed
customer agreement ensures that TII will continue to leverage
IonQ’s quantum computing technology to advance the UAE’s position
as a global leader in science and technology.
Today’s agreement expands the parties’ January 2023 partnership
and incorporates access to IonQ Forte – one of IonQ’s most
powerful, commercially available quantum computers to date. IonQ
Forte is powered by IonQ’s largest single core quantum processor
and represents the cutting edge in trapped ion architecture with
its 36 all-to-all connected qubits and the ability to pass the AQ36
performance benchmark. With access to IonQ Forte, TII can create a
solutions platform for hybrid quantum/classical algorithms such as
variational quantum algorithms.
“We are proud to have TII as a returning customer and to support
their ambitious quantum research initiatives. Having renewed our
relationship for the second time in less than two years, we value
the confidence that UAE’s TII has shown in IonQ as one of their
quantum partners,” said Rima Alameddine, Chief Revenue Officer at
IonQ.
TII is using quantum computing to accelerate research for a
variety of applications using the IonQ platform including:
- Advancing qubit-efficient encodings for applications in
simulating physical systems, quantum image processing, and solving
linear systems of equations.
- Enabling faster quantum time-to-solution and better solution
quality for applications such as financial portfolio
optimization.
- Estimating key properties of quantum systems such as the
ground-state energy with applications to chemistry and materials
science.
- Innovating efficient methods to upload classical data (e.g.
images) into quantum states.
“Our continued work with IonQ enables us to stay at the
forefront of quantum research and further the UAE’s position as a
leading technology and innovation hub,” said Prof. Dr. Leandro
Aolita, Acting Chief Researcher QRC (Quantum Research Center) &
Executive Director Quantum Algorithms. “These advanced quantum
systems are integral to our efforts and we’re excited to explore
more possibilities with IonQ Forte.”
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 the quantum computing and networking
industry, delivering high-performance systems aimed at solving the
world’s largest and most complex commercial and research use cases.
IonQ’s current generation quantum computers, IonQ Forte and IonQ
Forte Enterprise, are the latest in a line of cutting-edge systems,
boasting 36 algorithmic qubits. The company’s innovative technology
and rapid growth were recognized in Newsweek’s 2025 Excellence
Index 1000, Forbes’ 2025 Most Successful Mid-Cap Companies list,
and Built In’s 2025 100 Best Midsize Places to Work in Washington
DC and Seattle, 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 terms “advance,” “advanced,”
“advancing,” “accelerate,” “ambitious,” “confidence,” “continue,”
“continued,” “create,” “cutting edge,” “enabling,” “ensures,”
“estimating,” “explore,” “forefront,” “innovating,” “integral,”
“leading,” “pass,” “possibilities,” “solving,” “will,” and other
similar expressions are intended to identify forward-looking
statements. These statements include those related to the ability
for third parties to implement IonQ’s offerings to increase their
quantum computing capabilities, IonQ’s quantum computing
capabilities and plans, the efficiency and accuracy of quantum
algorithms run on IonQ’s quantum computers, the advantages of
IonQ's approach to the manufacturing of IonQ’s systems, and the
problems that can be solved by IonQ’s quantum computers.
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 and services; changes in
laws and regulations affecting IonQ’s business; and IonQ’s ability
to implement its business plans, technical roadmap, 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. IonQ may or may not choose to practice or
otherwise use the inventions described in the issued patents in the
future.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250127510664/en/
IonQ Media contact: Jane Mazur press@ionq.co
IonQ Investor Contact: investors@ionq.co
IonQ (NYSE:IONQ)
Historical Stock Chart
From Jan 2025 to Feb 2025
IonQ (NYSE:IONQ)
Historical Stock Chart
From Feb 2024 to Feb 2025