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IonQ Acquiring Qubitekk, Partnering with NKT Photonics, Ansys

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COLLEGE PARK, Md., Nov. 8, 2024 — In a series of announcements this week, IonQ has stated that it will acquire quantum networking company Qubbitek, and has established partnerships with NKT Photonics and Ansys. The moves serve to strengthen the company’s position within the quantum market. IonQ reached a definitive agreement to acquire substantially all of the operating assets of Qubitekk. The deal, which is expected to close within the next six months, adds 118 U.S. and international patents in the areas of quantum networking hardware and quantum network security and protection. As part of the transaction,...Read full article

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    Published: November 2024
    Glossary
    quantum
    The term quantum refers to the fundamental unit or discrete amount of a physical quantity involved in interactions at the atomic and subatomic scales. It originates from quantum theory, a branch of physics that emerged in the early 20th century to explain phenomena observed on very small scales, where classical physics fails to provide accurate explanations. In the context of quantum theory, several key concepts are associated with the term quantum: Quantum mechanics: This is the branch of...
    BusinessquantumcomputingnetworkingacquisitionmergerIonQNKT PhotonicsansyscollaborationpartnershipLaserssimulationOpticsphysicsSoftwaredesigncommercializationintegrateintegrationAmericas

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