IonQ, Airbus Sign Agreement to Collaborate on Aircraft Loading Project using Quantum Computing
August 18 2022 - 8:00AM
Business Wire
- Yearlong project to explore development of
quantum-derived algorithms for improved aircraft loading
experiences
IonQ (NYSE: IONQ), an industry leader in quantum computing,
today announced a collaboration with Airbus to explore the
potential application and benefits of quantum computing for
aerospace services and passenger experiences. The Quantum Aircraft
Loading Optimization & Quantum Machine Learning project will be
a 12-month project that culminates in the development of a
prototype aircraft-loading quantum application, hands-on
collaboration and coaching sessions for Airbus developers and
engineers, and an exploration of future integrations of quantum
computers for Airbus and its customers.
In response to the ongoing supply chain crisis, aerospace
companies are investing in the latest technologies to understand
areas for improved efficiencies – cargo loading being one of them.
Airbus’ partnership with IonQ is the first step toward developing
smarter algorithms based on quantum computers that can potentially
lead to cost savings due to more optimized distribution of cargo on
flights. Looking long-term, Airbus hopes to use quantum algorithms
to improve other areas of air travel, including reduced fuel
consumption, better aerodynamics, and optimized trajectories.
“As the aerospace industry looks for new ways to navigate the
continued impact of the pandemic and overcome supply chain hurdles,
we’re pleased to collaborate with Airbus and provide them with the
quantum tools and expertise to develop improved aircraft-loading
capabilities,” said Peter Chapman, CEO and President, IonQ. “While
it’s still early days in our yearlong project, the potential for
quantum to reshape how airplane manufacturers balance passenger
experience with aircraft production and performance is what excites
our team most for what’s next in the aviation industry.”
“Optimization is critical to achieving aviation sustainability
targets," said Amanda Simpson, Vice President Research and
Technology, Airbus Americas. "We are very excited to explore IonQ's
capabilities to utilize the potential of quantum computing to
achieve these targets.”
Today’s collaboration with Airbus follows IonQ’s recent
announcement that it has established its first international
entities in the EU and EMEA, paving the way for new quantum
endeavors with various European companies, states, and governments.
Additionally, Airbus is the latest global company to collaborate
and leverage IonQ’s industry-leading quantum systems. Earlier this
year, IonQ partnered with Hyundai Motors to develop better
performing EV batteries and establish the foundation for object
detection in future vehicles. IonQ also recently announced that its
industry-leading IonQ Aria system is publicly available on
Microsoft Azure Quantum, providing developers, researchers,
engineers, and industry leaders from around the world with access
to quantum via the cloud.
For other information about IonQ’s recent commercial or research
partnerships, please refer to the Q2 2022 financial results
announced on August 15, 2022.
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, including IonQ Aria, a system that boasts
industry-leading 23 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 Christopher Monroe and 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 IonQ’s ability to further develop and advance its quantum
computers and achieve scale; IonQ’s ability to optimize quantum
computing results even as systems scale; the expected launch of
IonQ Forte for access by select developers, partners, and
researchers in 2022 with broader customer access expected in 2023;
IonQ’s market opportunity and anticipated growth; and the
commercial benefits to customers of using quantum computing
solutions. 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. 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 31, 2022
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220818005220/en/
IonQ Media contact: Tyler Ogoshi press@ionq.com
IonQ Investor Contact: investors@ionq.com
IonQ (NYSE:IONQ)
Historical Stock Chart
From Mar 2024 to Apr 2024
IonQ (NYSE:IONQ)
Historical Stock Chart
From Apr 2023 to Apr 2024