COLLEGE PARK, Md.--(BUSINESS WIRE)--IonQ, Inc. (NYSE: IONQ), a leader in the quantum computing and networking industries, announced strong momentum toward its technological roadmap with a portfolio of nearly 400 granted and pending quantum networking patents that IonQ owns or controls in the U.S. and internationally.
In support of its networking roadmap, IonQ acquired the quantum networking company Qubitekk at the end of 2024 and last week announced it has secured a controlling stake of ID Quantique (IDQ), a global leader in quantum safe networking and sensing. The IDQ transaction expanded IonQ’s owned or controlled patent portfolio with nearly 250 networking patents from IDQ.
With over a decade of investments in quantum networking, Qubitekk’s and IonQ’s progress and achievements have resulted in two quantum networking contracts with the U.S. Air Force Research Laboratory (AFRL) for $54.5 million and $21.1 million. IonQ also won a $5.7 million contract with the Applied Research Laboratory for Intelligence and Security (ARLIS) to build and install quantum network infrastructure.
“Quantum networking and quantum computing for IonQ are highly synergistic, and we believe that IonQ is the only quantum computing company that has an inherent leadership advantage in the quantum networking market segment,” said Niccolo de Masi, President and CEO of IonQ. “Our extensive patent portfolio in quantum networking technologies, paired with our consistent delivery and outperformance of quantum networking technological and business milestones, enables new market opportunities to help our customers solve problems unsolvable with current technologies.”
IonQ has already commercialized quantum networking. Through the acquisition of Qubitekk, IonQ boasts a commercially available quantum network, the EPB Quantum Network, located in Chattanooga Tennessee. Managed by IonQ, the EPB Quantum Network is available for public and private sector researchers and technologists to run quantum equipment and applications in an established fiber optic environment. Additionally, IonQ’s agreement with IDQ provides access to IDQ’s decades of expertise in commercialized quantum networking and quantum-safe communication technology. This includes recent examples such as IDQ’s deployment of a 800km-long nationwide network in South Korea, as well as its involvement in key projects within Europe’s quantum communications infrastructure (EuroQCI).
The total quantum communication market segment size is projected to reach upwards of $14.9 billion by 2035, according to a new McKinsey report. Per the new report, the growth in quantum networking is driven by the growing need for scaling quantum computing through distributed networks, heightened awareness of the need for new data security solutions, and new unique capabilities like quantum sensing and ultra-accurate time synchronization in emerging technical fields.
For more information about IonQ’s quantum computing solutions, please visit www.ionq.com.
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, and 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 “access,” “advantage,” “believe,” “consistent,” “enables,” “help,” “leader,” “leadership,” “milestones,” “momentum,” “opportunities,” “outperformance,” “solve,” “synergistic,” and other similar expressions are intended to identify forward-looking statements. These statements include those related to IonQ’s technology scaling quantum computing through distributed networks in the future, IonQ’s leadership position in the quantum computing and networking industries, and IonQ’s quantum networking roadmap and quantum computing capabilities and plans. 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: IonQ’s inability to effectively integrate its acquisitions of Qubitekk, Inc. (Qubitekk) assets and close its acquisition of a majority interest in ID Quantique, SA (IDQ); changes in the competitive industries in which IonQ, Qubitekk, and IDQ (collectively, the companies) operate, including development of competing technologies; the companies’ ability to implement their technical roadmaps; the companies’ ability to sell effectively to government entities and large enterprises; changes in laws and regulations affecting the companies and their suppliers’ businesses; the companies’ ability to implement their business plans, forecasts and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; the companies’ inability to effectively enter new markets; the companies’ ability to deliver services and products within currently anticipated timelines; the companies’ inability to attract and retain key personnel; the accuracy of market segment size estimates; customers deciding or declining to extend contracts into new phases; the inability of suppliers to deliver components that meet expectations timely; changes in laws and regulations affecting the companies’ patents; the companies’ ability to maintain or obtain patent protection for their products and technology, including with sufficient breadth to provide a competitive advantage; changes in U.S. government spending or policy that may affect customers; and risks associated with U.S. government sales, including availability of funding and provisions that allow the government to unilaterally terminate or modify contracts for convenience. 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. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future.
