IonQ Signs Agreement with South Korea’s Ministry of Science and ICT to Cultivate Regional Quantum Computing Ecosystem

• IonQ Signs Memorandum of Understanding (MOU) to Support Education, Training and Leadership Expansion Program for Quantum Industry Academics and Professionals in South Korea

COLLEGE PARK, Md. & SEOUL, South Korea, June 29, 2023–(BUSINESS WIRE)–IonQ (NYSE: IONQ), a leader in quantum computing, has signed a Memorandum of Understanding (MOU) with Korea’s Ministry of Information and Communication Science and Technology South to educate quantum science and technology professionals, and promote the establishment of a local quantum ecosystem. The MoU reflects the two sides’ agreement to cooperate with each other in supporting South Korea’s vibrant and growing quantum computing industry.

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South Korea’s Minister of Science and ICT Lee Jong-ho and Jungsang Kim, co-founder and CTO of IonQ, signed a memorandum of understanding at Quantum Korea 2023 on June 27, 2023 to promote the local quantum industry (Photo: Business Wire)

The MOU aims to leverage IonQ’s resources and experience to operate an education, training and leadership expansion program to support masters and doctoral students, postdoctoral researchers and quantum industry professionals in South Korea.

The MOU was signed on June 27 at Quantum Korea 2023 hosted by the South Korean Ministry of Science and ICT in Seoul. Leading global quantum innovators gathered at the event, where IonQ showcased its quantum technology and achievements, its top performing quantum computer, the IonQ Forte, and recent achievements demonstrating applications in quantum machine learning.

“To foster the growth of their local quantum computing ecosystems, national and regional governments need to engage with industry partners who have deep industry knowledge,” Kim said. “Through this agreement with the Ministry of Science and ICT, we are honored to take part in the development of quantum science and technology professionals and the preparation of South Korea’s quantum industry infrastructure. We hope to be able to contribute to the vision of the country to become a quantum-centric global economy by 2030 by providing practical support, such as an education, training and leadership expansion program using IonQ’s specialized quantum computing expertise and resources.”

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About IonQ

IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and implementation. IonQ’s current generation quantum computer, the IonQ Forte, is the latest in a line of cutting-edge systems, boasting an industry-leading 29 algorithmic qubits. Along with record-breaking performance, IonQ has defined what it believes is the best path to scalability.

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 access to APIs. IonQ was founded in 2015 by Dr. Christopher Monroe and Dr. Jungsang Kim based on 25 years of pioneering research. To learn more, visit www.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 “anticipate”, “expect”, “suggest”, “plan”, “believe”, “intend”, “estimate”, “goals”, “plans”, “should, ” “may,” “would,” “could,” “will,” “forecast,” and other similar expressions are intended to identify forward-looking statements. These statements include those related to the memorandum of understanding between IonQ and the South Korean Ministry of Science and ICT to cultivate quantum science and technology professionals and promote the establishment of a local quantum ecosystem; the parties’ ability to cooperate with each other in supporting South Korea’s quantum industry; and IonQ’s ability to contribute to South Korea’s vision of becoming a quantum-centric global economy by 2030. Forward-looking statements are forecasts, projections, and other statements about future events that are based on current expectations and assumptions, and Consequently, they 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 IonQs products, services and solutions; IonQ’s ability to protect its intellectual property; changes in the competitive industries in which IonQ operates; changes in laws and regulations affecting IonQs business; IonQ’s ability to implement its business plans, forecasts and other expectations and identify and execute further partnerships and opportunities; and the risk of market and technology sector downturns, including, but not limited to, the COVID-19 pandemic and/or rising inflationary pressures. The above list of factors is not exhaustive. You should carefully consider the foregoing factors and other risks and uncertainties described in the “Risk Factors” section of IonQ’s quarterly report on Form 10-Q for the quarter ended March 30, 2023 and other documents filed by IonQ from time to time with the Securities and Exchange Commission. These documents 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 assumes no obligation and does not intend to update or revise any such forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ makes no guarantees that it will meet your expectations.

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Contacts

IonQ Media contact:
Tyler Ogoshi
press@ionq.com

IonQ Investor Contact:
investors@ionq.com