IonQ Announces Plans for First Space-Based Quantum Key Distribution Network
Summary
To facilitate development of this network, IonQ has signed a definitive agreement to acquire Capella Space Corporation, a signals platform leader for top-secret government and commercial applications. By leveraging long-distance quantum repeaters from Lightsynq combined with Capella’s top-secret signals capabilities, IonQ expects to build global quantum-secure networks. Additionally, IonQ recently signed a $22 million partnership with EPB, a leading energy and communications provider in Chattanooga, Tennessee, to launch the nation’s first quantum computing and networking hub. IonQ, Inc. is a leader in the quantum computing and networking industries, delivering high-performance systems aimed at solving the world’s largest and most complex commercial and research use cases. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to uncertainties as to the timing to consummate the potential acquisition of Capella; the risk that a condition to closing the acquisition may not be satisfied; the risk that regulatory approvals are not obtained or are obtained subject to conditions that are not anticipated by the parties; IonQ’s ability to achieve the benefits from the proposed transaction and effectively integrate Capella in its operations.