IonQ Co-Founder Dr. Jungsang Kim Elected Fellow of the National Academy of Inventors.

• Prestigious appointment underscores Kim's exceptional contributions to the quantum computing industry

IonQ co-founder and CTO Jungsang Kim (Courtesy: IonQ)

COLLEGE PARK, MD - January 17, 2024 - IonQ (NYSE: IONQ), a leader in the quantum computing industry, today announced co-founder Dr. Jungsang Kim has been named a 2023 fellow of the National Academy of Inventors (NAI), the highest professional distinction awarded solely to inventors. Kim joins an esteemed cohort of NAI fellows who will be honored during the NAI’s 13th annual conference on June 16-18 in Raleigh, NC. 

Dr. Kim’s research and inventions have become the core of IonQ, which he co-founded in 2015 and which eventually became the first dedicated quantum computing company listed on the NYSE. Throughout his career, Kim has accumulated 35 patents, 19 of which are licensed to IonQ. Some of his recent IonQ-licensed patents include a modular fault-tolerant quantum computer architecture based on trapped ions, methods for compiling quantum circuits to reduce gate count and a software-defined quantum computer. Kim has another 13 patent applications pending. 

“I am incredibly humbled to be part of a group of such accomplished individuals who have driven critical advancements in the fields of science and technology and have made incredible strides in commercializing their inventions,” said Dr. Kim. “The speed and scale of innovation seen throughout the quantum computing industry is a testament to how revolutionary this technology is – and how important its impact will be to industries such as healthcare, finance, and transportation. I am thrilled that the inventions I have brought to IonQ allow us to continue leading the industry in building the world’s most powerful quantum systems.”

The NAI is a prestigious organization that recognizes and celebrates inventors and innovators for their outstanding contributions to advancements in science and technology. The 2023 class of fellows includes 162 inventors from 118 research universities, government, and non-profit research institutions worldwide. The 2023 fellows hold over 4,600 issued U.S. patents, exemplifying their dedication and inspiration to translating research into commercial technologies that benefit society. 

Dr. Kim’s induction into this fellowship follows significant progress and achievements at IonQ, including reaching #AQ29 on a barium platform, being named to Fast Company’s annual Next Big Things in Tech and Deloitte’s Technology Fast 500 lists, and most recently, securing a partnership expansion with Amazon Braket to bring IonQ Forte to the Amazon Braket Direct Program. 

To learn more about how you can get started on an IonQ system today, please visit https://ionq.com/get-ready

About IonQ
IonQ, Inc. is a leader in quantum computing that delivers high-performance systems capable of solving some of the world’s largest and most complex commercial and research use cases. IonQ’s current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems, boasting 29 algorithmic qubits. The company’s innovative technology and rapid growth were recognized in Fast Company’s 2023 Next Big Things in Tech List and Deloitte’s 2023 Technology Fast 500™ List, 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 “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 the company’s technology driving commercial advantage in the future, IonQ’s quantum computing capabilities and plans, access to IonQ’s quantum computers, increases in algorithmic qubit achievement, 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 in this press release, including but not limited to: changes in the competitive industries in which IonQ operates, including development of competing technologies; changes in laws and regulations affecting IonQ’s business; IonQ’s ability to implement its business plans, forecasts and other expectations, identify and realize partnerships and opportunities, and to engage new and existing customers. 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.

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