What happens with IonQ on Wednesday? – Ionq (nyse: Ionq)

Ionq, Inc. Ion The shares acquired on Wednesday. The company revealed a distribution agreement with Toyota Tsosho CompanyOn the occasion of the official company entered the Japanese market.

The partnership, which was unveiled during the Shanghai International Motor Show, is scheduled to quickly adopt quantum computing technologies in Japan by taking advantage of the deep commercial networks in Toyota Tsosho and technical location.

Nicolo de MassiThe President and CEO of IonQ confirmed the long leadership of Japan in the field of technology, and pointed out that the new alliance has already led to the company’s first contract through the Toyota Tsusho client system.

Also read: IonQ jumps on Amazon news, but can it challenge the direction of quantum landing?

“We have already signed the first local deal through the Toyota Tsusho customer network and we look forward to continuing our work in the Japanese market,” Massi said.

Cooperation is part of the continuous global batch of IonQ to expand the practical use of quantum computing solutions.

The advertisement highlights the strategic role of Toyota Tsosho, the business development arm in the Toyota Group, where annual revenues amounted to about $ 70 billion.

The company has a busy record in large -scale international companies within Japan, and access to various industry – from moving to advanced technologies – makes it a strong gateway to IonQ innovations.

Kazumi MizukawaThe Director General of the IT Department of Toyota Tsusho described the agreement as an “important step” towards marketing quantum computing through the Japanese industries.

Over the past year, IonQ opened the first quantum manufacturing facility in the United States, and installed the first quantum computer in Europe through a partnership with Quantumbasel, and formed cooperative agreements with institutions such as AIST in Japan and Busan in South Korea.

These efforts reflect the in -depth IonQ investments in the APAC, along with previous partnerships with Hyundai Motorsand Sungkyunkwan UniversityAnd Seoul National University.

Price work: IonQ shares closed by 4.65 % to $ 26.80 on Wednesday.

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