- IonQ ranks 32nd overall in its first appearance in the prestigious list of North American companies
COLLEGE PARK, MD - November 8, 2023 - IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced it has been recognized as one of the 500 fastest-growing tech companies in North America for 2023. Now in its 29th year, the annual list regularly includes technology companies across media, telecommunications, life sciences, fintech, and energy. Appearing in the list for the first time, IonQ ranked 32nd after reporting revenue growth of 5,466% from 2019 to 2022.
“It is humbling to see IonQ included in this year’s Technology Fast 500 list, representing the significant business growth of our company – and the broader quantum industry – that we’ve experienced in recent years,” said Peter Chapman, President and CEO of IonQ. “IonQ has established itself as a global leader in quantum through its innovative research and technology, partnerships with global enterprises and government agencies, and depth of talent. We are well on the path towards achieving scalable commercial quantum advantage in the next few years, and are excited by initial indicators of how quantum technology can reshape the world we live in.”
Since going public in late 2021, IonQ has emerged as one of the frontrunners in today’s quantum race by outperforming many similarly sized quantum companies with its high-performance systems. Global companies like Hyundai Motor Company, Airbus, and GE Research are using IonQ’s quantum computers to tackle some of the most complex challenges in their respective industries, including object detection, cargo loading, and risk mitigation.
IonQ's inclusion in this year’s Technology Fast 500 list is the latest achievement for the company in recent months. In October, IonQ announced it had achieved 29 algorithmic qubits (#AQ) on a barium platform, signaling a key milestone in the company’s journey towards developing systems capable of commercial quantum advantage. Additionally, IonQ unveiled plans for two future quantum systems this summer – IonQ Forte Enterprise with #AQ 35 and IonQ Tempo with #AQ 64 – introducing the company’s first rack-mounted quantum computers capable of integrating within today’s data center environments.
To learn more about how you can get started on an IonQ system today, please contact us at: https://ionq.com/get-access.
About the 2023 Deloitte Technology Fast 500
Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2019 to 2022.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQ’s current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems, boasting an industry-leading 29 algorithmic qubits. Along with record performance, 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 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’s technology driving commercial advantage in the future, IonQ’s position in the quantum computing industry and increases in algorithmic qubit achievement. 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.
IonQ Media Contact:
Tyler Ogoshi [email protected]