- After a successful first cohort, IonQ Research
Credits Program announces second class, with applications due
November 16, 2021.
- Program focuses on projects accelerating
innovation in quantum computing applications.
- Accepted applicants get access to IonQ’s
industry leading hardware, free of charge.
- Current projects span topics from protein
folding dynamics to error correction to benchmarking.
IonQ, Inc. (“IonQ”), a leading developer of quantum computing
devices, today announced the launch of the second cohort of the
IonQ Research Credits Program to provide teams and individuals from
qualified academic institutions with free credits to build novel
quantum algorithms on IonQ’s cutting-edge hardware. The opening of
the second cohort comes on the tail of overwhelming demand in the
first cohort of IonQ’s Research Credits Program this June.
“We are thrilled with the worldwide interest from the academic
community to access our state-of-the-art quantum computing
hardware,” said Peter Chapman, CEO & President of IonQ. “We
made the decision to open a second cohort of the Research Credits
Program after seeing the caliber of scientists in the first batch
and the promising quantum applications they have already started to
deliver using our quantum systems.”
The IonQ Research Credits program offers academics worldwide up
to $10,000 in credit for use on IonQ’s trapped ion quantum
computers. The first cohort included research teams from all over
the world, including institutions like MIT, University College of
London, University of Cambridge and University of Southern
California, all showing a great interest in IonQ quantum
computing.
“We are delighted with the creativity of the projects in our
first cohort and with the speed at which labs around the world are
engaging with our IonQ team and hardware,” said Dr. Jungsang Kim,
Co-founder and CTO of IonQ. “We look forward to continuing these
exciting projects and broadening the reach of our Research Credits
Program with our second cohort.”
Participants in the Research Credits Program add to the efforts
of IonQ's team of dedicated application engineers to optimize their
algorithms for IonQ's industry-leading hardware, which helps to
accelerate the pace of innovation in quantum algorithms.
The Research Credits Program is open to all graduate students,
faculty, and post-doctoral researchers from accredited academic
institutions in any country that IonQ or one of its cloud partners
(Amazon Web Services, Microsoft Azure, and Google Cloud Platform)
serves. The complete call for proposals with eligibility details
and other frequently asked questions can be found on IonQ’s
website, and interested teams can apply via the program’s
application form. Applications will be reviewed on a rolling basis,
with the current deadline being Tuesday, November 16th, 2021.
The IonQ Research Credits Program is another step forward in the
company’s mission to expand access to quantum computing and
catalyze practical applications on top of IonQ’s industry-leading
hardware. IonQ’s 11-qubit system is the first and only quantum
computer available via the cloud on Amazon Braket, Microsoft Azure,
and Google Cloud and its next-generation system is one of the
world’s most powerful quantum computers. IonQ is playing a critical
role in pulling the quantum computing industry forward. Its plans
to develop modular quantum computers small enough to be networked
together could pave the way for broad quantum advantage by
2025.
About IonQ, Inc.
IonQ, Inc. is a leader in quantum computing, with a proven track
record of innovation and deployment. IonQ’s next-generation quantum
computer is the world’s most powerful trapped-ion quantum computer,
and 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 Christopher Monroe and Jungsang Kim based on 25 years of
pioneering research. To learn more, visit www.ionq.com.
About dMY Technology Group, Inc. III
dMY III is a special purpose acquisition company founded by
Harry L. You and Niccolo de Masi for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses or assets.
Important Information About the Proposed Transaction and
Where to Find It
This communication may be deemed solicitation material in
respect of the proposed business combination between dMY III and
IonQ (the “Business Combination”). The Business Combination has
been submitted to the stockholders of dMY III and IonQ for their
approval. In connection with the vote of dMY’s stockholders, dMY
III Technology Group, Inc. III has filed relevant materials with
the SEC, including a registration statement on Form S-4, which
includes a proxy statement/prospectus. This communication does not
contain all the information that should be considered concerning
the proposed Business Combination and the other matters to be voted
upon at the annual meeting and is not intended to provide the basis
for any investment decision or any other decision in respect of
such matters. dMY III’s stockholders and other interested
parties are urged to read the definitive proxy statement, dated
August 12, 2021 and any other relevant documents that are filed or
furnished or will be filed or will be furnished with the SEC
carefully and in their entirety in connection with dMY III’s
solicitation of proxies for the special meeting to be held to
approve the Business Combination and other related matters, as
these materials will contain important information about IonQ and
dMY III and the proposed Business Combination. On or about
August 12, 2021, dMY III mailed the definitive proxy
statement/prospectus and a proxy card to each stockholder entitled
to vote at the special meeting relating to the transaction. Such
stockholders are also be able to obtain copies of these materials,
without charge at the SEC’s website at http://www.sec.gov, at the
Company’s website at https://www.dmytechnology.com/ or by written
request to dMY Technology Group, Inc. III, 11100 Santa Monica
Blvd., Suite 2000, Los Angeles, CA 90025.
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. These statements may be made directly in this
communication. 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. 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: (i) the risk that the transaction may not be completed
in a timely manner or at all, which may adversely affect the price
of dMY’s securities; (ii) the risk that the transaction may not be
completed by dMY’s business combination deadline and the potential
failure to obtain an extension of the business combination deadline
if sought by dMY; (iii) the failure to satisfy the conditions to
the consummation of the transaction, including the approval of the
merger agreement by the stockholders of dMY, the satisfaction of
the minimum trust account amount following any redemptions by dMY's
public stockholders and the receipt of certain governmental and
regulatory approvals; (iv) the lack of a third-party valuation in
determining whether or not to pursue the proposed transaction; (v)
the inability to complete the PIPE transaction; (vi) the occurrence
of any event, change or other circumstance that could give rise to
the termination of the merger agreement; (vii) the effect of the
announcement or pendency of the transaction on IonQ’s business
relationships, operating results and business generally; (viii)
risks that the proposed transaction disrupts current plans and
operations of IonQ; (ix) the outcome of any legal proceedings that
may be instituted against IonQ or against dMY related to the merger
agreement or the proposed transaction; (x) the ability to maintain
the listing of dMY’s securities on a national securities exchange;
(xi) changes in the competitive industries in which IonQ operates,
variations in operating performance across competitors, changes in
laws and regulations affecting IonQ’s business and changes in the
combined capital structure; (xii) the ability to implement business
plans, forecasts and other expectations after the completion of the
proposed transaction, and identify and realize additional
opportunities; (xiii) 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 (xiv) costs related to the transaction
and the failure to realize anticipated benefits of the transaction
or to realize estimated pro forma results and underlying
assumptions, including with respect to estimated stockholder
redemptions. 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 the
registration statement on Form S-4 and other documents filed by dMY
from time to time with the SEC. 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 dMY and IonQ
assume no obligation and do not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Neither dMY nor IonQ gives any
assurance that either dMY or IonQ, or the combined company, will
achieve its expectations.
No Offer or Solicitation
This communication is for informational purposes only and
does not constitute an offer or invitation for the sale or purchase
of securities, assets or the business described herein or a
commitment to the Company or the IonQ with respect to any of the
foregoing, and this communication shall not form the basis of any
contract, nor is it a solicitation of any vote, consent, or
approval in any jurisdiction pursuant to or in connection with the
Business Combination or otherwise, nor shall there be any sale,
issuance or transfer of securities in any jurisdiction in
contravention of applicable law.
Participants in Solicitation
dMY III and IonQ, and their respective directors and
executive officers, may be deemed participants in the solicitation
of proxies of dMY III’s stockholders in respect of the Business
Combination. Information about the directors and executive officers
of dMY III is set forth in the Company’s Form dMY III’s filings
with the SEC. Information about the directors and executive
officers of IonQ and more detailed information regarding the
identity of all potential participants, and their direct and
indirect interests by security holdings or otherwise, are set forth
in the definitive proxy statement/prospectus for the Business
Combination. Additional information regarding the identity of all
potential participants in the solicitation of proxies to dMY III’s
stockholders in connection with the proposed Business Combination
and other matters to be voted upon at the special meeting, and
their direct and indirect interests, by security holdings or
otherwise, are included in the definitive proxy
statement/prospectus.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210920005242/en/
IonQ Investor Contact: Michael Bowen and Ryan Gardella
IonQIR@icrinc.com
IonQ Media Contact: Katie Pesek Mission North
ionq@missionnorth.com
dMY III Investor Contact: Niccolo de Masi dMY Technology
Group, Inc. III niccolo@dmytechnology.com 310-600-6667
dMY III Media Contact: ICR Inc. dmypr@icrinc.com
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