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 an education, training, and leadership expansion program for academics and quantum industry professionals in South Korea

IonQ (NYSE: IONQ), a leader in the quantum computing industry, signed a Memorandum of Understanding (MOU) with South Korea’s Ministry of Science and ICT (Information and Communications Technology) to educate quantum science and technology professionals and promote the creation of a local quantum ecosystem. The MOU reflects the two parties’ agreement to mutually cooperate 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 an MOU at Quantum Korea 2023 on June 27, 2023 to foster the local quantum industry (Photo: Business Wire)

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

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

“To promote the growth of their local quantum computing ecosystems, national and regional governments need to engage with industry partners who have deep understandings of the field,” said Kim. “Through this agreement with the Ministry of Science and ICT, we are honored to take part in developing quantum science and technology professionals and preparing South Korea’s quantum industry infrastructure. We hope we can contribute to the country’s vision of becoming a global quantum-centered economy by 2030 by providing practical support, such as an education, training, and leadership expansion program utilizing IonQ's specialized quantum computing resources and experience.”

To learn more about how you can get started on an IonQ system today, please contact us directly at: https://ionq.com/get-access. For the latest updates from IonQ please visit our blog, and for other business information, please refer to IonQ’s website.

About IonQ

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 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,” “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 Memorandum of Understanding between IonQ and the South Korea’s Ministry of Science and ICT to cultivate quantum science and technology professionals and promote the creation of a local quantum ecosystem; the parties’ ability to mutually cooperate in supporting South Korea’s quantum industry; and IonQ’s ability to contribute to South Korea’s vision of becoming a global quantum-centered economy by 2030. 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 and/or increased inflationary pressures. 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 March 30, 2023, 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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