The University of Maryland has partnered with IonQ, a leader in quantum computing, to expand their collaboration at the National Quantum Lab at Maryland (QLab). This $9 million partnership aims to drive quantum innovation and further cement Maryland’s leadership in quantum computing. The university’s investment in quantum research spans over 35 years, producing a world-leading concentration of quantum expertise, including Nobel Laureate Dr. William Phillips.
IonQ’s industry-leading trapped ion quantum computers will provide state-of-the-art access to UMD-affiliated students, faculty, and researchers. This partnership strengthens IonQ’s commitment to the state of Maryland, which has positioned itself as the Capital of Quantum. According to IonQ President and CEO Peter Chapman, “UMD’s dedication to quantum research, coupled with the collaborative nature of QLab, makes them the ideal partner to accelerate breakthroughs in the quantum industry.” University of Maryland President Darryll J. Pines added that this partnership reaffirms their commitment to quantum innovation, which is making a dramatic impact in academia, government, and the public sector.
Partnership for Quantum Innovation: IonQ and University of Maryland Sign $9M Agreement
The University of Maryland (UMD) has strengthened its position as a leader in quantum research and applications by signing a $9 million partnership agreement with IonQ, a prominent company in the quantum computing industry. This collaboration aims to provide state-of-the-art quantum computing access at the National Quantum Lab at Maryland (QLab), fostering innovation and driving economic development in the region.
UMD’s investment in quantum research spans over 35 years, resulting in a world-leading concentration of quantum expertise, including Nobel Laureate Dr. William Phillips. The university’s 10 quantum-focused centers have produced over 200 researchers who have published more than 200 papers annually and graduated over 100 quantum-focused physics PhDs in the last decade. This partnership will further cement Maryland’s leadership in quantum computing, attracting top talent to the region and driving breakthroughs in the quantum industry.
Expanding Quantum Computing Access at QLab
The National Quantum Lab at Maryland (QLab) has become a hub for quantum innovation, providing UMD-affiliated students, faculty, researchers, staff, and partners with an unprecedented opportunity to work closely with IonQ’s scientists and engineers. With substantial allocations to the open science community for high-impact scientific research projects, IonQ and UMD strive to foster connections with universities in Maryland and provide access to researchers globally.
QLab has supported multiple cohorts of undergraduate interns, multiple academic research projects, and enabled the launch of its Global User Program. The lab has brought together stakeholders from academia, industry, and government, integrating researchers from diverse fields such as materials science, aerospace engineering, and climate science. This collaborative environment will facilitate the growth of the quantum computing user base by supporting research projects that advance quantum computing solutions, enable scientific discovery, and prepare a skilled workforce.
IonQ’s Commitment to Quantum Computing Solutions
IonQ is a leader in quantum computing, delivering high-performance systems to solve complex commercial and research use cases. The company’s innovative technology has been recognized in Fast Company’s 2023 Next Big Things in Tech List and Deloitte’s 2023 Technology Fast 500™ List, respectively. IonQ’s current generation quantum computer, IonQ Forte, boasts 36 algorithmic qubits, making it a cutting-edge system.
IonQ is committed to making quantum computing more accessible and impactful than ever before. The company’s systems are available through all major cloud providers, enabling researchers and industries to leverage the power of quantum computing. With this partnership, IonQ will continue to drive innovation in quantum computing solutions, supporting research projects that advance scientific discovery and prepare a skilled workforce.
Forward-Looking Statements and Risks
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. These statements include those related to possible accelerated breakthroughs in quantum computing; possible breakthroughs in quantum research and development; and growth in the quantum user base.
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; IonQ’s ability to implement its business plans, forecasts, and other expectations; changes in the competitive industries in which IonQ operates; changes in laws and regulations affecting IonQ’s business; the risk of downturns in the market and the technology industry; and IonQ’s ability to identify and realize partnerships and opportunities, and to engage new and existing customers.
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