IonQ CEO Talks Quantitative Value Timeline by Investing.com

COLLEGE PARK, Md.–( BUSINESS WIRE )–The following is a statement from Peter Chapman, Chairman and CEO of IONQ (NYSE:IONQ):

Today’s classical computing hardware is limited in computational power and power requirements in ways that are likely to prevent society from being able to solve some of its most pressing problems.

IonQ’s existing #AQ 36 Forte Enterprise systems are already providing insight into solutions for customers today, and the #AQ 64 Tempo systems coming in 2025 and the next generation #AQ 256 systems will enable us to address increasingly complex problems to deliver near-term business value. One area facing the most significant potential disruption is strong AI, where we believe quantum AI will outperform classical AI.

wise (NS:) Leaders invest in things that have the potential to deliver near-term returns. By the end of 2023, global quantitative investment has reached $50 billion. Companies like Amazon (NASDAQ:), Google (NASDAQ:), NVIDIA (NASDAQ:), IBM (NYSE:) and Microsoft (NASDAQ:) are investing and hiring in 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 an equally important market as quantum computing.

IonQ also has a long history of technical and commercial achievements.

We expect 2024 results to be at the top of our bookings and revenue guidance and we are very excited for 2025.

We believe IonQ will be profitable, with sales approaching $1 billion, by 2030.

McKinsey, Quantum (NASDAQ:) 3rd Annual Technology Watch 2024 Overview, 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. Certain forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words anticipates, expects, proposes, plans, believes, intends, estimates, targets, projects, should, could, might, might, will, predicts, offers, and other similar expressions are intended to identify statements Forward-looking. These statements include those regarding IonQ’s position in the quantum networking sector; expected progress in the development of IonQ systems; Advances in quantum computing and quantum networking technology; the Company’s future financial and operating performance, including our initial expectations and guidance; IonQ’s quantum computing capabilities and plans; future deliveries of and access to IonQ’s quantum computers and services; 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 contained in this news release, including but not limited to: changes in competitive industries in which IonQ operates, including the development of competing technologies; our ability to sell effectively to government agencies and large institutions; changes in laws and regulations affecting the business of IonQ and its suppliers; IonQ’s ability to execute on its business plans, forecasts and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; Its inability to effectively enter new markets; IonQ’s ability to deliver services and products within currently anticipated timelines; its inability to attract and retain key personnel; IonQ customers decide or refuse to extend contracts to new phases; the inability of its suppliers to deliver components that meet expectations in a timely manner; changes in U.S. government spending or policy that may affect IonQ customers; changes in U.S. government goals and success metrics regarding the implementation of quantum computing and quantum networks; 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. 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 guarantee that it will meet its expectations.

View source version on Businesswire.com: https://www.businesswire.com/news/home/20250110462219/en/

IONQ media contact:
Jane Mazur
[email protected]

Contact for IonQ investors:
[email protected]

Source: Aeon Q