April 20, 2024

IonQ and South Korea’s Sungkyunkwan University renew International Quantum Alliance

Expansion of original three-year agreement to provide researchers and academics access to IonQ’s leading trapped ion systems

The renewal closely follows the Memorandum of Understanding established with the South Korean government to promote quantum education and training.

COLLEGE PARK, Maryland, February 13, 2024–(BUSINESS WIRE)–IonQ (NYSE: IONQ), a leader in the quantum computing industry, today announced the renewal of its partnership with Sungkyunkwan University (SKKU) in South Korea to provide researchers and academics with continuous access to trapped IonQ particles. Quantum systems of ions. Accessible through SKKU’s Q Center, users in South Korea have benefited from the hands-on training and mentorship provided by IonQ as they design and run novel quantum applications. Today’s announcement reflects the two sides’ shared interest in establishing South Korea as an international hub for quantum computing.

“As quantum advancements and achievements occur at breakneck speeds, it is imperative that we train and educate the next generation of quantum researchers and academics with the latest hardware available,” said Peter Chapman, CEO and president of IonQ. “The renewal of our alliance with SKKU ensures that South Korean users will maintain access to IonQ’s current and future generation systems to explore revolutionary solutions to today’s most complex challenges.”

Since 2021, researchers and academics in South Korea have leveraged IonQ systems to develop and deploy quantum computing applications in areas such as quantum machine learning and chemical engineering. SKKU is recognized as one of the leading research institutions in nanotechnology, one of the integral parts in the development of future generation quantum systems.

“We are pleased with the research results we achieved using IonQ systems and look forward to continuing our partnership in the coming years,” said Yonuk Chong, SKKU Professor at SAINT (SKKU Advanced Institute of Nanotechnology). “Establishing South Korea as an international leader in quantum computing remains a top priority for the South Korean government, and we believe IonQ’s trapped ion systems have demonstrated real-world value in helping achieve this.” aim”.

Today’s announcement is the latest in a series of initiatives by IonQ in South Korea, following the 2023 Memorandum of Understanding (MOU) with the South Korean Ministry of Science and ICT (Information and Communications Technology) to educate quantum science and technology professionals and promote the creation of a local quantum ecosystem. IonQ and Hyundai Motors have also collaborated for years applying quantum computing to projects such as object detection for autonomous vehicles and increasing the efficiency of electric vehicle batteries.

IonQ quantum systems are available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access. For more information on how you can start using an IonQ system today, contact us directly at: https://ionq.com/get-ready.

About IonQ

IonQ, Inc. is a leader in quantum computing, delivering high-performance systems capable of solving the world’s largest and most complex research and commercial use cases. IonQ’s current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems and features 35 algorithmic qubits. The company’s innovative technology and rapid growth were recognized on Fast Company’s Next Big Things in Tech 2023 list and Deloitte’s Technology Fast 500™ 2023 list, respectively. Available through leading cloud providers, IonQ is making quantum computing more accessible and impactful than ever. 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. Certain forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words “believe,” “will” and other similar expressions are intended to identify forward-looking statements. These statements include those related to the ability of 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 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 the development of competitive 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 attract 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 others. documents filed by IonQ. from time to time with the Securities and Exchange Commission. These presentations 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 on which they are made. Readers are cautioned not to place 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 makes no guarantee that it will meet your expectations.

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