IonQ Presents Algorithmic Qubits Benchmark at Quantum Information Processing (QIP) Conference 2022

Company presents new IonQ Aria quantum computer and the #AQ performance benchmark at premier quantum computing conference

COLLEGE PARK, Md.--(BUSINESS WIRE)--IonQ (NYSE: IONQ), a leader in quantum computing, today announced its participation as a platinum sponsor of the 25th Annual Conference on Quantum Information Processing (QIP). The event, set to take place at the California Institute of Technology on March 7–11, 2022, is the premier annual conference for theoretical quantum information research.

Luning Zhao, a Senior Application Engineer with IonQ, will deliver an address describing the performance of IonQ Aria, the company's newest and most advanced quantum computer. Zhao will also introduce the quantum community to algorithmic qubits (#AQ), a new single-number, performance-based benchmark for rating the usefulness of quantum computers.

IonQ has adopted #AQ as the primary benchmark to communicate to customers how well a quantum computer can accurately run useful algorithms. This single-number metric is derived from algorithmic benchmarking protocols recently established in an independent industry-wide study conducted by the Quantum Economic Development Consortium (QED-C). Zhao will describe the Committee's work to develop their new benchmarking suite and how IonQ used that work to create a simple score.

Zhao will discuss how IonQ Aria has furthered its lead as the most powerful quantum computer in the industry based on standard application-oriented industry benchmarks. With an #AQ of 20, IonQ Aria is able to successfully execute quantum circuits containing more than 550 gates, as compared to superconducting systems that can only execute circuits containing dozens. This enables IonQ to greatly exceed peers in practical uses of quantum algorithms.

Dominic Widdows, a senior principal scientist at IonQ, will also present his team’s research on quantum natural language processing (NLP). Much of the math behind search engines and language processing is the same as the math used in quantum mechanics. Instead of just borrowing mathematical models from quantum theory, as NLP researchers have done in the past, Widdows and his collaborators are building NLP models that run on quantum computers today.

About IonQ

IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQ’s latest generation quantum computer, IonQ Aria, is the world’s most powerful quantum computer, and IonQ has defined what it believes is the best path forward to scale.

IonQ is the only company with its quantum systems available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access. IonQ was founded in 2015 by Christopher Monroe and Jungsang Kim based on 25 years of pioneering research. To learn more, visit www.ionq.com.

About QIP

The Conference on Quantum Information Processing (QIP) is an annual conference about quantum computation and information. Its goal is to represent the preceding year’s best research in the area, in the form of both plenary talks and submitted papers.

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,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions are intended to identify forward-looking statements. These statements include those related to IonQ Aria’s technical achievements, future potential, and status in the quantum computing industry; and the use of #AQ as an evaluation tool. 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: market adoption of quantum computing solutions and IonQ’s products, services and solutions; the ability of IonQ to protect its intellectual property; changes in the competitive industries in which IonQ operates; changes in laws and regulations affecting IonQ’s business; IonQ’s ability to implement its business plans, forecasts and other expectations, and identify and realize additional partnerships and opportunities; and the risk of downturns in the market and the technology industry including, but not limited to, as a result of the COVID-19 pandemic. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of IonQ’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 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.