Qubitekk’s renowned technology, products,
people, and patent portfolio join IonQ
IonQ expands capabilities to build the quantum
internet and accelerate industry applications
IonQ (NYSE: IONQ), a leader in the quantum computing and
networking industry, today announced the completion of its
acquisition of substantially all of the assets of Qubitekk, Inc., a
prominent quantum networking company. The acquisition brings
Qubitekk’s esteemed team, advanced technology, and extensive patent
portfolio into IonQ’s operations, solidifying IonQ’s position at
the forefront of quantum networking and computing.
Quantum networks are poised to become important infrastructure,
with the potential to drive transformative applications in sectors
such as defense, finance, and energy. These networks facilitate
highly secure communication between multiple quantum nodes using
entangled qubits. The technology also enables precise timing
synchronization, a transport layer for quantum sensing, and a
backbone for distributed quantum computing. With the development
and 2022 launch of the EPB Quantum Network in Chattanooga,
Tennessee—the first commercially available quantum network in the
U.S.—Qubitekk has established itself as a leader in quantum
networking.
“The acquisition of Qubitekk is a key step in IonQ’s journey to
lead quantum networking into the future,” said Jordan Shapiro, Head
of Corporate Development and VP of Financial Planning &
Analysis at IonQ. “Qubitekk’s innovative work in quantum networking
aligns perfectly with our vision of creating scalable quantum
systems that transform industries. By combining our strengths, we
are not just expanding IonQ’s capabilities in critical areas like
defense and cybersecurity, we expect to accelerate the development
of quantum networks, the backbone of tomorrow’s quantum
internet.”
IonQ has emphasized quantum networking as a strategic priority
for scaling its quantum computers, as well as improving the
usefulness of quantum computing in general. Its architecture plans
to use photonic interconnects to link multiple quantum computers,
enabling the creation of a more powerful quantum cluster. Years of
investment in advancing this technology for quantum computing have
positioned IonQ to make significant strides in quantum
networking.
The acquisition of Qubitekk also strengthens IonQ’s customer
base, creating new opportunities for bookings and revenue, and
expands its quantum networking hardware and security patent
portfolio to over 600 U.S. and internationally issued and pending
patents with Qubitekk’s 118 U.S. and international patents.
“Joining forces with IonQ allows us to further our collective
mission of making the quantum-enabled internet a near-term
reality,” said Stan Ellis, Co-Founder and CEO of Qubitekk. “We are
excited to become part of IonQ, bringing our quantum networking
expertise to IonQ's groundbreaking work in quantum computing.”
The Qubitekk team, including Co-Founder and CEO Stan Ellis,
Co-Founder and CTO Dr. Duncan Earl, Chief Revenue Officer Corey
McClelland, and President Keith Clark, has joined IonQ to advance
quantum networking initiatives.
IonQ’s acquisition of Qubitekk follows closely on the heels of a
series of recent quantum networking announcements from IonQ. In
September, IonQ announced the largest known 2024 U.S. Quantum
Contract Award of $54.5 million with United States Air Force
Research Lab (AFRL) to design, develop and deliver quantum
networking technology. Recently, IonQ demonstrated remote ion-ion
entanglement as a key milestone towards scaling its compute across
multiple quantum processors using photonic interconnects. Earlier
this year, IonQ announced that it was selected by the Applied
Research Laboratory for Intelligence and Security (ARLIS) for a
quantum networking contract to design a first-of-its-kind,
networked system for blind quantum computing. Blind quantum
computing enables quantum computers to operate while remaining
‘blind’ to what information is being processed through them.
To learn more about IonQ and its latest system news and business
developments, visit https://ionq.com.
Advisors
Wilson Sonsini Goodrich & Rosati served as legal counsel for
IonQ.
Calabasas Capital served as financial advisor to Qubitekk.
About IonQ
IonQ, Inc. is a leader in the quantum computing and networking
industry, delivering high-performance systems aimed at solving the
world’s largest and most complex commercial and research use cases.
IonQ’s current generation quantum computers, IonQ Forte and IonQ
Forte Enterprise, are the latest in a line of cutting-edge systems,
boasting 36 algorithmic qubits. The company’s innovative technology
and rapid growth were recognized in Newsweek’s 2025 Excellence
Index 1000, Forbes’ 2025 Most Successful Mid-Cap Companies list,
Built In’s 2025 100 Best Midsize Places to Work in Washington DC
and Seattle, 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 words “poised," "to drive,"
“plans,” "enables," "step," "creating," "transform,"
"accelerating," "enabling," "positioned," “opportunities,"
"expands," “expanding,” "further," "develop," “advance,” "design,"
"deliver," “vision,” “mission,” and other similar expressions are
intended to identify forward-looking statements. These statements
include those related to the future significance and capabilities
of quantum networks, the future creation of transformative quantum
systems, accelerated development of quantum networks, the creation
of a quantum internet, IonQ’s vision, mission, and strategy related
to quantum networking and quantum systems, the expansion of IonQ’s
expertise, capabilities and technologies, IonQ’s expansion into the
quantum networking market, expectations for IonQ bookings and
revenue, the expected contributions to IonQ from former Qubitekk
employees, and IonQ’s future market position. 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: our ability to manage our
growth, including integrating acquisitions, effectively; the high
competitiveness of the quantum industry; any disruptions and other
problems with our facilities, operations including research and
development, or test systems; IonQ’s ability to attract and retain
its key employees and other personnel with specialized knowledge;
any inadequacies in the overall pace of technology development in
the quantum industry, including inadequate advances in the state of
quantum networking and quantum systems; IonQ’s and the industry’s
reliance on continued investment by the public and private sectors
in developing quantum networks and systems; development of the
quantum industry in ways that don’t require IonQ quantum systems or
networks; IonQ’s relatively limited history in development quantum
networks; IonQ’s failure to achieve quantum advantage; our ability
to successfully execute our strategy; our ability to convert
opportunities into bookings and revenue; the capability of our
quantum systems and quantum networks to provide transformative
applications and quantum advantage; changes in laws and regulations
affecting IonQ, its assets or the quantum sector generally; IonQ’s
ability to implement its technical roadmap; and IonQ’s ability to
maintain or obtain patent protection for its products and
technology. 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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version on businesswire.com: https://www.businesswire.com/news/home/20250106011843/en/
IonQ Media contact: Jane Mazur press@ionq.co
IonQ Investor Contact: investors@ionq.co
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