/September 8, 2021 | IonQ and University of Maryland Establish First-of-Its-Kind (via Qpute.com)
September 8, 2021 | IonQ and University of Maryland Establish First-of-Its-Kind

September 8, 2021 | IonQ and University of Maryland Establish First-of-Its-Kind (via Qpute.com)


New $20M Investment From UMD Will Provide University and Its Partners with Unprecedented Access to Quantum
Computing

IonQ, Inc. (IonQ), the leading developer of quantum computing devices, and
the University of Maryland (UMD), an international powerhouse in quantum research and applications, today
announced a partnership to create the National Quantum Lab at Maryland (Q-Lab). The Q-Lab will be the nation’s
first user facility that enables the scientific community to pursue world-leading research through hands-on
access to a commercial-grade quantum computer. UMD-affiliated students, faculty, researchers, staff and partners
across the country will have an unprecedented opportunity to gain experience with IonQ’s industry-leading
trapped-ion quantum computer hardware and collaborate with IonQ scientists and engineers.

The Q-Lab will be located in the UMD Discovery District, next to IonQ’s headquarters in College Park, MD.
Leaders in science, engineering, and computing will co-locate in the Q-Lab, empowering them to work together to
develop novel quantum applications. The facility will also enable training related to the use of IonQ’s
commercial-ready quantum hardware. Future generations of quantum programmers will receive best-in-class support
as they explore projects at the cutting edge of computing, and graduate prepared to address industry challenges.

As part of this new nearly $20 million quantum investment, UMD now has access to IonQ’s quantum hardware–some
of the most robust in the market. Recent advances in quantum computing–including IonQ’s recent demonstration of
an industry-first 4×16 multicore quantum architecture–are supporting transformative research across areas
including biology, medicine, climate science and materials development. The Q-Lab is expected to significantly
democratize access to this innovative technology, generate new intellectual property and attract global
scientific and engineering talent to the area. Building on the resources, programming and partnering
opportunities provided through UMD’s Quantum Startup Foundry and
the Mid-Atlantic Quantum Alliance, the Q-Lab offers another incentive for
entrepreneurs and startups to bring their businesses to College Park and further galvanize the area’s robust
private sector ecosystem.

“No other university in the United States is able to provide students and researchers this level of hands-on
contact with commercial-grade quantum computing technology and insights from experts working in this emerging
field,” said University of Maryland President Darryll J. Pines. “We could not be more proud of IonQ’s success
and we are excited to establish this strategic partnership, further solidifying UMD and the surrounding region
as the Quantum Capital of the world.”

UMD has long been a global center of excellence in quantum computing and housed one of the laboratories out of
which IonQ emerged. This first-of-its-kind Q-Lab builds upon the university’s $300 million investment in quantum
science and more than 30-year track record of driving advances in quantum physics and technology. The university
is home to more than 200 quantum-focused researchers and seven centers, including the newly announced Quantum
Leap Challenge Institute for Robust Quantum Simulation, a multi-institutional effort supported by a $25 million
award from the National Science Foundation.

“We are very proud that the nation’s leading center of academic excellence in quantum research chose IonQ’s
hardware for this trailblazing partnership,” said Peter Chapman, president and CEO of IonQ. “UMD has been at the
vanguard of this field since quantum computing was in its infancy, and has been a true partner to IonQ as we
step out of the lab and into commerce, industry, and the public markets.”

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
major cloud providers (Google Cloud, Microsoft Azure, and Amazon Web Services). 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. Later this month, following a stockholder vote, IonQ also anticipates becoming the first publicly-traded,
pure-play quantum computing company
via a merger with dMY Technology Group, Inc. III (NYSE: DMYI) (“dMY
III”).

About the University of Maryland

The University of Maryland, College Park is the state’s flagship university and
one of the nation’s preeminent
public research universities. A global leader in research, entrepreneurship and innovation, the university is
home to more than 40,000 students,10,000 faculty and staff, and 300 academic programs. As one of the nation’s
top producers of Fulbright scholars, its faculty includes two Nobel laureates, four Pulitzer Prize winners and
59 members of the national academies. The institution has a $2.2 billion operating budget and secures more than
$1 billion annually in research funding together with the University of Maryland, Baltimore. For more
information about the University of Maryland, College Park, visit www.umd.edu.

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 the definitive
proxy statement, dated August 12, 2021 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.
On or about August 12, 2021, dMY III
mailed 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 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.

Contacts

IonQ Investor Contact:
Michael Bowen and Ryan Gardella
[email protected]

IonQ Media contact:
Katie Pesek
Mission North
[email protected]

University of Maryland Media contact:
Sara Gavin
University of Maryland
[email protected]

dMY III Investor Contact:
Niccolo de Masi
dMY Technology Group, Inc. III
[email protected]
310-600-6667

dMY III Media Contact:
ICR Inc.
[email protected]


This is a syndicated post. Read the original post at Source link .