COLLEGE PARK, Md.–( BUSINESS WIRE )–The following is a statement from Peter Chapman, President and CEO of IonQ (NYSE: IONQ):
Today’s mainstream computing hardware is limited by computing capacity and power requirements in ways that will likely prevent society from ever being able to solve some of its most pressing problems.
IonQ’s current #AQ 36 Forte Enterprise systems provide insight into solutions for customers today, and our upcoming #AQ 64 Tempo systems in 2025 and next-generation #AQ 256 systems will enable us to tackle increasingly complex problems as we would achieve short-term business value. One of the areas facing the greatest potential disruption is strong artificial intelligence, where we believe that originally quantum AI will outperform classical AI.
Reasonably (NS:) leaders invest in things that have the potential for short-term returns. By the end of 2023, global quantum investments have reached $50 billion. Companies such as Amazon (NASDAQ: ), Google (NASDAQ: ), NVIDIA (NASDAQ: ), IBM (NYSE: ) and Microsoft (NASDAQ: ) are investing and hiring in the field of quantum computing today.
From financial services to military applications, the world depends on secure communications. IonQ is a leader in quantum networking, which we believe is as important a market as quantum computing.
IonQ also has a history of meeting its technical and commercial milestones.
We anticipate 2024 results to be at the top of our bookings and revenue guidance and are extremely excited about 2025.
We believe IonQ will be profitable by 2030, with sales approaching $1 billion.
McKinsey, Third Annual Quantum (NASDAQ:) Technology Monitor 2024 Review, April 24, 2024.
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, propose, plan, believe, intend, estimates, goals, projects, should, could, would, may, will, anticipate, offers and other similar expressions are intended to identify statements that refer to the future. These statements include those relating to IonQ’s position in the quantum networking sector; expected development progress of the IonQ system; advances in quantum computing and quantum networking technology; the Company’s future financial and operating performance, including our preliminary outlook and guidance; IonQ’s quantum computing capabilities and plans; future deliveries of and access to IonQ quantum computers and services; and the scalability and reliability of IonQ’s quantum computing offering. 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 competing technologies; our ability to effectively sell to government entities and large corporations; changes in laws and regulations affecting the business of IonQ and its suppliers; IonQ’s ability to implement its business plans, forecasts and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; inability to effectively enter new markets; IonQ’s ability to deliver the Services and Products within the currently anticipated timeframes; inability to attract and retain key personnel; IonQ’s customers decide or refuse to extend contracts to new phases; the inability of its suppliers to deliver components that meet expectations on time; changes in US government spending or policy that may affect IonQ customers; changes in the US government’s goals and measures of success with respect to the implementation of quantum computing and quantum networking; and risks associated with U.S. government sales, including the availability of financing and provisions that allow the government to unilaterally terminate or modify contracts for convenience. You should carefully consider the above factors and 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 with 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 place undue reliance on forward-looking statements, and IonQ undertakes 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 guarantees that it will meet its expectations.
See the original version on businesswire.com: https://www.businesswire.com/news/home/20250110462219/en/
Contact for IonQ media:
Jane Mazur
press@ionq.co
Contact for IonQ investors:
investors@ionq.co
Source: IonQ
