IonQ Awarded Ground-breaking Quantum Computing Contract With Applied Research Laboratory for Intelligence and Security (ARLIS) (2024)

  • IonQ will design a first-of-its-kind, multi-node, blind quantum computing system for ARLIS
  • The contract extends IonQ’s work with the Federal Government on quantum initiatives and technical advancements

COLLEGE PARK, MD - AUG. 6, 2024 - IonQ (NYSE: IONQ), a leader in the quantum computing industry, announced today that it has won a contract through a competitive solicitation with the Applied Research Laboratory for Intelligence and Security (ARLIS) to design a first-of-its-kind, networked quantum computing system for the Department of Defense (DOD). The first phase of the project – awarded at $5.7 million – will focus on the design phase of the quantum system. Future phases of the project, which have yet to be awarded, include the construction, delivery, and maintenance of these systems. Through this project, ARLIS will conduct hands-on research into the cybersecurity of multi-party quantum computation, including blind quantum computing protocols – a process where quantum computers remain ‘blind’ to what information is being processed through them. This effort is funded by an award from the Secretary of the Air Force Concepts, Development, and Management Office.

ARLIS is the Department of Defense’s principal university-affiliated research center (UARC) for intelligence and security, and this contract extends the reach of IonQ technology to yet another U.S. federal agency. The federal government is focused on shaping the U.S. into an internationally recognized leader in quantum computing. Agencies like the U.S. Air Force Research Lab (AFRL) have previously announced deals with IonQ to use the company’s systems for quantum networking research and application development.

“With the rapid advancement of technologies like quantum and AI, we as a nation must maintain our leadership position in these developing fields while also hardening our security tools against global actors like China and Russia,” said Rep. C.A. Dutch Ruppersberger (D-Md.). “I am pleased to have secured $40M to support this project to bring IonQ’s quantum systems to the ARLIS facility, and it’s exciting to see the first phase of this project underway, which will guide the DoD’s strategy for securing the quantum space.”

“Leading the way in emerging technologies like quantum computing is key to the future of our economy and our national security. That’s why I have fought to invest in quantum research and development – like the work being done at the University of Maryland’s ARLIS. Developing this cutting-edge quantum computing system will protect our military and intelligence community as they confront the ever-evolving security challenges our nation faces,” said Senator Van Hollen, a member of the Appropriations Committee.

“Delivering a first-of-its-kind, blind quantum computing system will enable ARLIS to test and validate communications for the DOD,” said Peter Chapman, President and CEO, IonQ. “Through our collaboration with ARLIS and UMD teams, we look forward to each phase of development, construction, and deployment as we anticipate significant breakthroughs in the development of blind quantum computing protocols.”

Today’s announcement is the latest in a series of federal government investments in projects using IonQ’s systems. Earlier this year, the Department of Energy funded research at Oak Ridge National Laboratory to explore how quantum technology can modernize the power grid. In 2023, IonQ announced a $25.5 million deal with the U.S. Air Force Research Lab to deploy two barium-based trapped ion quantum computing systems for quantum networking research and application development. IonQ also works with enterprise customers like Airbus and Hyundai Motor to incorporate quantum solutions into several industries.

To learn more about IonQ’s 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.

About the Applied Research Laboratory for Intelligence and Security

The Applied Research Laboratory for Intelligence and Security (ARLIS), based at the University of Maryland, was established in 2018 under the sponsorship of the U.S. Office of the Under Secretary of Defense for Intelligence and Security, intended as a long-term strategic asset for research and development in artificial intelligence, information engineering, and human systems. ARLIS combines expertise, research, and development in human behavior, social science, culture, and language with emerging and advanced technologies. This enables development of problem-focused, evidence-based solutions for security and intelligence challenges that can be operationalized quickly and at scale. Learn more at arlis.umd.edu.

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 words “anticipate,” “enable,” “expect,” “will”, and other similar expressions are intended to identify forward-looking statements. These statements include those related to potential additional funding and bookings for future project phases, the use of IonQ’s quantum computers in ARLIS’ research on cybersecurity, anticipated breakthroughs in secure quantum computing and in blind quantum computing protocols, the potential for additional, larger federal initiatives using IonQ’s technology, the expectation that ARLIS’ project and IonQ’s technology may improve national cybersecurity, IonQ’s quantum computing capabilities and plans, and access to 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: risks associated with U.S. government sales, including provisions that allow the government to unilaterally terminate or modify contracts for convenience; changes in the competitive industries in which IonQ operates, including development of competing technologies; changes in laws and regulations affecting IonQ’s business; and IonQ’s ability to implement its business plans, forecasts and other expectations, and to 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.

Contacts

Tyler Ogoshi[emailprotected]

IonQ Investor Contact:

[emailprotected]

IonQ Awarded Ground-breaking Quantum Computing Contract With Applied Research Laboratory for Intelligence and  Security (ARLIS) (2024)

FAQs

Does IonQ have a working quantum computer? ›

Introducing IonQ Forte

The first fully software-configurable quantum computer, IonQ Forte represents a leap forward in flexibility, precision and performance.

Is quantum computing a threat to security? ›

Quantum computers will be able to break common encryption methods at an alarming speed. Encryption tools currently used to protect everything from banking and retail transactions to business data, documents and digital signatures can be rendered ineffective – fast.

What company is most advanced in quantum computing? ›

1. International Business Machines Corporation (IBM)

What's the big deal about quantum computing? ›

Quantum computers solve many problems exponentially faster and with less energy consumption than classical, or binary, computers.

Did Bill Gates invest in IonQ? ›

If you're wondering is Bill Gates invested in IonQ? Yes, he is, and so too is Salesforce CEO, Mark Benioff, as well as Dell founder, Michael Dell.

Is IonQ a good investment? ›

IonQ stock has received a consensus rating of buy. The average rating score is and is based on 14 buy ratings, 6 hold ratings, and 0 sell ratings.

What are the negative effects of quantum computing? ›

Cons of Quantum Computing:
  • Technical Challenges: Building and maintaining a quantum computer is an intricate task. ...
  • Error Correction Difficulties: ...
  • Limited Use for Classical Problems: ...
  • Security Implications: ...
  • Cost and Accessibility:
Nov 21, 2023

Should we be worried about quantum computing? ›

Confidential information, including personal data, financial transactions, and sensitive communications, could be at risk if encryption methods are compromised by quantum computing. The transition from current cryptographic standards to quantum-resistant standards will take time and careful planning.

Can a quantum computer be hacked? ›

A recently published peer-reviewed paper, led by an Australian research team, found that without urgent action to properly secure IT networks against “quantum hacking”, cryptographically encrypted data could in future be decrypted by malicious actors.

Why did NASA shut down the quantum computer? ›

The Shutdown and the Reasons Behind It

Researchers and government officials were concerned that the quantum computer might have connected with an extraterrestrial intelligence or even entered an unknown realm of computation.

Which country is leading in quantum computing? ›

These are just a few of the possibilities that may be enabled by quantum computing, which harnesses the laws of physics to perform calculations much faster than even the most powerful traditional computers. They all hinge on research here in the United States, the world's undisputed leader in quantum computing.

What company is making quantum computer chips? ›

Circuit-based quantum processors
ManufacturerName/codename designationRelease date
IBMIBM Q 53October 2019
IBMIBM EagleNovember 2021
IBMIBM OspreyNovember 2022
IBMIBM CondorDecember 2023
64 more rows

What is the noise in quantum? ›

Quantum Noise refers to the unwanted disturbances that affect quantum systems, leading to errors in quantum computations.

Does Google have a quantum computer? ›

The tech giant has been building quantum computers for a number of years. In 2019, Google demonstrated for the first time that such a device could run an algorithm that would be impossible for a conventional supercomputer to tackle.

Does anyone have a working quantum computer? ›

It does already exist, so it's not something we need to wait for. However, the current quantum computers aren't yet all that large, which obviously limits how complicated the calculations can be, but they exist and are being used,” says Sven Karlsson.

What are the best quantum computing stocks? ›

This list of 10 quantum computing stocks to buy in 2024 consists of IBM, Alphabet, Microsoft Corporation, Rigetti Computing, IonQ Corporation, Honeywell International Incorporation, D-Wave Systems Inc., Alibaba Group Holding Incorporation, Intel Incorporation, and NVIDIA Incorporation, which are the prominent companies ...

Who is backing IonQ? ›

IonQ, the leader in quantum computing, today announced it has secured funding from Lockheed Martin, Robert Bosch Venture Capital GmbH (RBVC) and Cambium, a new multi-stage venture capital firm focused on investments in the future of computational paradigms.

Which company sells quantum computer? ›

Companies building quantum computers
  • Amazon. Amazon is a more recent player joining the race to build a quantum computer. ...
  • D-Wave Systems. D-Wave Systems, a Canada-based company, is the world's first organization to sell a commercial quantum computer. ...
  • Google. ...
  • IBM. ...
  • IonQ. ...
  • Microsoft. ...
  • QCI. ...
  • Quantinuum.
May 8, 2023

Top Articles
American Cleaners Coupons 2022
Location Tourisme Deux Roues Réunion
Urbfsdreamgirl
Inside Watchland: The Franck Muller Watch Manufacturing Facilities | aBlogtoWatch
Opsahl Kostel Funeral Home & Crematory Yankton
Temu Beanies
Woman Jumps Off Mount Hope Bridge 2022
Roy12 Mods
Does Publix Pharmacy Accept Sunshine Health
Round Yellow Adderall
Julia Is A Doctor Who Treats Patients
Midlands Tech Beltline Campus Bookstore
Nissan 300Zx For Sale Craigslist
Honda Accord 2012 gebraucht - AutoUncle
Maya Mixon Portnoy
Sauce 423405
Chicken Coop Brookhaven Ms
Madison.ellee
Employment Vacancies - Find Jobs with our recruitment team
Ofw Pinoy Channel Su
Newsweek Wordle
Ebony Pyt Twerk
Gas Buddy Prices Near Me Zip Code
Craigslist Scranton Pennsylvania
Software For Organizing A Pledge Drive Crossword Clue
Education (ED) | Pace University New York
craigslist: northern MI jobs, apartments, for sale, services, community, and events
Kbh Client Portal
Palindromic Sony Console For Short Crossword Clue 6 Letters: Composer Of
Craigslist Rooms For Rent Rhode Island
Vidant My Chart Login
Iehp Dr List
Sterling Primary Care Franklin
Modesto Personals Craigslist
Myrtle Beach, South Carolina: Abwechslungsreicher Freizeitspaß unter der Südstaaten-Sonne
David Mayries
Here's everything Apple just announced: iPhone 16, iPhone 16 Pro, Apple Watch Series 10, AirPods 4 and more
Helas Kitchen Menu
Hibbett, Inc. Stock (HIBB) - Quote Nasdaq- MarketScreener
Game Akin To Bingo Nyt
Rule 34 Supreme Court: Key Insights and Implications
Craigslist Lake Charles
Sound Ideas, TAKE, CARTOON - WHISTLE TAKE/Image Gallery
Sprague Brook Park Camping Reservations
Currently Confined Coles County
Texas State Academic Probation
Breitling ENDURANCE PRO X82310E51B1S1 für 2.885 € kaufen von einem Trusted Seller auf Chrono24
How To Get Genji Cute Spray
Albertville Memorial Funeral Home Obituaries
The Battle Gimmick for the Gen 10 Pokémon Games Will Be...
World of Warcraft Battle for Azeroth: La Última Expansión de la Saga - EjemplosWeb
Explain the difference between a bar chart and a histogram. | Numerade
Latest Posts
Article information

Author: Velia Krajcik

Last Updated:

Views: 6453

Rating: 4.3 / 5 (54 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Velia Krajcik

Birthday: 1996-07-27

Address: 520 Balistreri Mount, South Armand, OR 60528

Phone: +466880739437

Job: Future Retail Associate

Hobby: Polo, Scouting, Worldbuilding, Cosplaying, Photography, Rowing, Nordic skating

Introduction: My name is Velia Krajcik, I am a handsome, clean, lucky, gleaming, magnificent, proud, glorious person who loves writing and wants to share my knowledge and understanding with you.