IonQ Achieves Industry Leading Performance on Next Generation Barium Qubits

Twenty-nine algorithmic qubits (#AQ 29) on Barium represents a significant milestone towards commercial quantum advantage

IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced it has achieved 29 algorithmic qubits on a barium platform for the first time, marking a key milestone in the company’s journey towards developing systems capable of commercial quantum advantage.

IonQ has long explored novel ways to advance trapped ion quantum computing beyond our use of traditional ytterbium ions, one of which includes the use of barium qubits. Current generation ytterbium systems like IonQ Harmony, IonQ Aria, and IonQ Forte are essential for addressing today’s most complex algorithms. However, barium-based systems of the future are expected to open the door to numerous new technical applications. Additionally, the inherent nature of barium qubits will make future quantum systems more scalable and reliable.

“As recently as Quantum World Congress 2023, we talked about how the number of quantum applications available will exponentially increase in relation to the number of algorithmic qubits we achieve with each system,” said Peter Chapman, President and CEO, IonQ. “Today’s news demonstrates how barium qubits are already on parity with some of our own leading quantum systems from an #AQ perspective, and how IonQ is making substantial progress towards reaching our goal of commercial quantum advantage.”

IonQ is also announcing that based on customer demand, the company is now offering 24/7 access and support for its cloud-accessible quantum systems – IonQ Harmony and IonQ Aria. With increased availability, users from across the globe will benefit from increased access when tackling the most complex commercial and research use-cases.

Today’s news follows IonQ’s September announcement that it expanded its agreement with the Air Force Research Lab (AFRL) to deploy two barium-based trapped ion quantum computing systems at AFRL’s Rome, NY facility for quantum networking research and application development. IonQ also announced last month that it would be delivering two future IonQ systems – IonQ Forte Enterprise with #AQ 35 and IonQ Tempo with #AQ 64 – to Switzerland-based QuantumBasel as part of a joint effort to establish a European quantum data center.

To learn more about how you can get started on an IonQ system today, please contact us at: https://ionq.com/get-access.

About IonQ

IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQ’s current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems, boasting an industry-leading 29 algorithmic qubits. Along with record performance, 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 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 technology driving commercial advantage in the future, the ability for third parties to implement IonQ’s offerings to increase their quantum computing capabilities, the effect of increased availability of customer support functions, IonQ’s quantum computing capabilities and plans, access to IonQ’s quantum computers, increases in algorithmic qubit achievement, and the scalability and reliability of IonQ’s quantum computing offerings. 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; IonQ’s ability to implement its business plans, 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.

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