IonQ Dips on Opening Innovation Centre
IonQ (NYSE: IONQ), the leading commercial quantum computing and networking company, today announced the joint development of a new quantum innovation center with EPB of Chattanooga, a leading energy and communications company. This strategic partnership will further establish Chattanooga as the catalyst in Tennessee's emergence as the national hub for quantum innovation. The EPB Quantum Center will house a state-of-the art IonQ Forte Enterprise quantum computer that will be shared by both companies. In addition, the Center will house the existing EPB Quantum Network which IonQ already supports – establishing Chattanooga, Tennessee as the first quantum computing & networking hub in the U.S.
Through the partnership, IonQ will establish an office in Chattanooga to provide quantum computing, networking, and application development support and training. This will allow IonQ to provide specialized training for quantum developers and the two companies to work closely in jointly creating quantum computing algorithms designed for energy grid optimization.
“This partnership represents more than just a technological milestone, it’s a pivotal step in building a quantum economy and IonQ ecosystem in Tennessee,” said Niccolo de Masi, President and CEO of IonQ. “By delivering our Forte Enterprise-class quantum capabilities to Chattanooga, we’re expanding our quantum access to customers across the state and working together to drive long-term economic growth for Chattanooga.”
IONQ shares lost 20 cents to $28.19.
