IonQ Inc (IONQ)

[Konaploinks]

Together, IonQ and AFRL expect to create groundbreaking capabilities to establish free-space optical links from ground stations to drones

This project highlights the strong market demand for IonQ’s innovative quantum computing and networking products

IonQ’s recent acquisition of Qubitekk extends networking expertise and opens new avenues for innovation with project partners

COLLEGE PARK, Md.--(BUSINESS WIRE)--Jan. 13, 2025--IonQ (NYSE: IONQ), a leader in the quantum computing and networking industries, today announced a new $21.1 million project via Qubitekk, Inc. to work with the United States Air Force Research Lab (AFRL).

This new effort represents another significant milestone for IonQ as it collaborates with AFRL to install quantum network infrastructure at the Innovare Advancement Center in Rome, New York. Quantum networks are poised to become important for secure infrastructure, as the technology enables multiple nodes to communicate via entangled qubits, offering secure communications, precise timing synchronization, and a foundation for distributed quantum computing.

The new quantum project will support AFRL’s Quantum Information Science & Technology Branch at the Information Directorate and its quantum networking and computing research. Under this effort, IonQ will:

Develop a network with high-performing access points to drive the interoperability of quantum computers and networked devices
Deliver networking hardware to expand compatibility with existing telecommunication infrastructure
Collaborate with AFRL to create ground-breaking capabilities in establishing free-space optical links from ground stations to uncrewed aerial systems (UASs)
“We are thrilled to deepen our collaboration with AFRL to provide advanced quantum network technologies for the U.S. Air Force, leveraging the team and technology of our recent Qubitekk asset acquisition” said Peter Chapman, President and CEO of IonQ. “This is an exciting year for IonQ and the quantum industry at large, as we continue to see significant revenue growth for our networking technologies and strong demand for our IonQ Forte Enterprise and Tempo quantum computing systems.”

"Advancing quantum technology is crucial for maintaining our nation's technological leadership. Our partnership with the industry signifies a substantial commitment to nurturing this vital competitive edge," remarked Michael Hayduk, Deputy Director of the Air Force Research Laboratory, Information Directorate. "We are devoted to exploring innovative advancements in quantum computing and networking that will enhance our national security capabilities.

The new 2024 Q4 project with AFRL builds on recent contracts such as the $54.5 million agreement signed in September 2024 with AFRL and the contract with the Applied Research Laboratory for Intelligence and Security (ARLIS) to design a first-of-its-kind, networked system for blind quantum computing, and other significant contracts. This momentum is reinforced by IonQ’s Q3 2024 financial results, with the company doubling its year-over-year revenue for the quarter.

To learn more about IonQ and its latest system news and business developments, visit https://ionq.com.