New York Stock Exchange Showcases IonQ Technology in First Ever Recognition of a Quantum Company

New York Stock Exchange Showcases IonQ Technology in First Ever Recognition of a Quantum Company

COLLEGE PARK, Md.--(BUSINESS WIRE)-- IonQ (NYSE: IONQ), a leader in the quantum computing and networking industry, is honored to announce the display of its ion trap-the foundational technology behind its quantum computers-in the lobby of the New York Stock Exchange (NYSE). This showcase recognizes IonQ's position as a technological pioneer, quantum leader, and the only quantum computing company highlighted at the world's largest stock exchange.

IonQ's ion trap, the brain of the company's advanced quantum computers, uses precisely positioned ions as the foundational building blocks of its quantum approaches. These ions are trapped in a vacuum using electric fields and enable high-fidelity quantum operations. Trapped ion technology is a key advantage in progressing IonQ's mission to build the world's best quantum computers to tackle the most complex problems.

"Having our technology featured at the New York Stock Exchange is a testament to IonQ's innovation, growth, and position in today's technology market," said Peter Chapman, President and CEO of IonQ. "This display reflects not only the potential of quantum computing, but also IonQ's achievements in taking the technology out of the laboratory and into real-world commercial applications, as the first pure-play quantum computing company to go public in the US."

The display will remain at the NYSE for six months, during which time it will be viewed by the thousands of entrepreneurs, investors, and global leaders who visit the exchange. The chip's presence highlights IonQ's milestones, including the company's founding in 2015, its public listing debut on October 1, 2021, and its continued progress in advancing quantum computing technology.

The NYSE's decision to spotlight IonQ aligns with the exchange's commitment to innovation, as it recognizes companies that shape the future of industries. "As a public company listed alongside numerous global leaders, we are inspired to continue our trajectory of high growth and industry leadership," added Chapman.

IonQ's momentum was reinforced by its Q3 2024 financial results, with the company exceeding market expectations, doubling its year-over-year revenue for the quarter, and securing significant contracts, including a $ 54.5 million agreement with the U.S. Air Force Research Lab. IonQ's strategic partnerships and achievements in quantum networking and applications further differentiate the company in the market.

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 terms "advanced," "exceeding," "expectations," "key advantage," "potential," "progressing," "trajectory," "will," and other similar expressions are intended to identify forward-looking statements. These statements include those related to the company's technology driving commercial quantum advantage in the future, IonQ's quantum computing capabilities and plans, the commercial relevance and advantages of applications of IonQ's quantum computing offerings, the potential benefits of IonQ's strategic partnerships, 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: changes in the competitive industries in which IonQ operates, including development of competing technologies; changes in laws and regulations affecting IonQ's business; market adoption of quantum computing solutions and IonQ's products, services and solutions; or IonQ's ability to implement its business plans, technical roadmap, and identify and realize partnerships and opportunities. 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.