- Ahead of technical roadmap expectations at the start of 2021,
IonQ debuts a 4X16 Reconfigurable Multicore Quantum Architecture
(RMQA) that overcomes stability challenges inherent to larger
quantum computers, opening the door to quantum computers with
hundreds of qubits on one chip
- Underpinning the technology is a new series of IonQ-developed,
patent-pending EGT Series ion trap chip that unlocks: tighter ion
confinement, improved ion lifetime, and reduced ion heating
IonQ, Inc. (“IonQ”), the leader in quantum computing, today
unveiled the industry’s first Reconfigurable Multicore Quantum
Architecture (RMQA) technology, a breakthrough in quantum
computing. Starting with the demonstration of 4 chains of 16 ions
each that can be dynamically configured into quantum computing
cores, IonQ believes it has laid the foundation for increases to
qubit count into the triple digits on a single chip, as well as
future Parallel Multicore Quantum Processing Units.
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IonQ’s EGT Series Ion Trap Chip (CREDIT:
WALKER STEERE | IONQ)
This demonstration was achieved on a technological platform
recently added to IonQ’s intellectual property warchest, called
Evaporated Glass Traps (EGTs). Developed by an IonQ team led by UC
Berkeley Physics PhD and ex-GTRI and -NIST researcher Jason Amini,
the EGT platform offers an unprecedented level of performance and
is a crucial part of IonQ’s roadmap to rapid scalability and
increased computing power.
“The Reconfigurable Multicore Quantum Architecture marks a key
milestone for IonQ and for the quantum computing industry in
general,” remarked IonQ President and CEO Peter Chapman. “RMQA is a
critical enabler of our ability to scale qubit density and deliver
the computational power projected in our roadmap. We’re very proud
of the team at IonQ that has achieved a powerful platform for
scalability and control in a single technical breakthrough.”
Today’s news involves the separation and merger of a total of 64
ions to create a RMQA using 4 chains of 16 ions each. The ion
chains are transported and merged into permutations of a
higher-connectivity, 32-ion quantum computing core, allowing for
scaling to large numbers of qubits without the fidelity loss that
historically accompanies very long chains of ions. This
architecture was realized on IonQ’s EGT Series ion trap chip, which
provides the stability necessary to operate this architecture with
little to no recalibration, maximizing uptime and optimizing
transport. The EGT series platforms are expected to be extended to
support more chains, with each chain increasing the quantum
computational power by a factor of 4000 or more.
The news continues a year of considerable momentum for IonQ. Its
trapped-ion quantum computers were recently added to Google Cloud
Marketplace, making IonQ the only supplier whose quantum computers
are available via all of the major cloud providers. In addition,
IonQ’s co-founders joined the White House’s National Quantum
Initiative Advisory Committee to accelerate the development of the
national strategic technological imperative. IonQ is also preparing
to become the first publicly-traded, pure-play quantum computing
company via a merger with dMY Technology Group, Inc. III (NYSE:
DMYI) (“dMY III”).
About IonQ
IonQ, Inc. is the leader in quantum computing, with a proven
track record of innovation and deployment. IonQ’s 32-qubit 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 Merger 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 preliminary proxy statement, the
amendments thereto, the definitive proxy statement 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. Promptly after the registration statement is
declared effective by the SEC, mail 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, once available, 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/20210825005680/en/
For IonQ: ionq@missionnorth.com
For dMY III: Investor Contact: Niccolo de Masi dMY
Technology Group, Inc. III niccolo@dmytechnology.com
310-600-6667
Investor Contact: Michael Bowen and Ryan Gardella
IonQIR@icrinc.com
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