IonQ Enters Agreement With Toyota Tsusho Corporation To Advance Quantum Computing Opportunities In Japan

IonQ's agreement with Toyota Tsusho marks a pivotal step in the company's global expansion, unlocking commercial opportunities in Japan's multi-billion quantum market

IonQ, Inc. (NYSE:IONQ), a leader in the quantum computing and networking industries, today announced a pivotal flagship distributor partnership with Toyota Tsusho Corporation (Toyota Tsusho) to accelerate quantum computing in Japan. This milestone marks IonQ's entrance into the Japanese market – reinforcing the company's commitment to advancing quantum computing opportunities globally.

"Japan has long been at the forefront of technological innovation, and our collaboration with Toyota Tsusho Corporation provides more opportunities to bring our cutting-edge quantum solutions to a market that is primed for transformative advancements," said Niccolo de Masi, President & CEO at IonQ. "We have already signed our first local deal through Toyota Tsusho's customer network and look forward to continuing our work in the Japanese market."

Toyota Tsusho is a member of Toyota Group with around $70 billion in annual revenue, bringing decades of experience in scaling businesses within Japan's market and is backed by a diverse portfolio spanning industries from automotive to emerging technologies. According to McKinsey, by 2035 quantum computing represents a $1 to $2 trillion opportunity across industries with Japan as a major global player.

Toyota Tsusho was established in 1948 as the trading and business development arm of the Toyota Group and has made significant progress in the field of quantum computing in recent years. Leveraging its extensive customer network, the company will introduce IonQ's cutting-edge quantum computing and networking technologies to a broad range of Japanese enterprises.

"We see the immense transformative value of quantum computing technologies for our customers across industries," said Kazumi Mizukawa, the General Manager of Enterprise IT Department at Toyota Tsusho. "Our partnership with IonQ is a momentous step toward immediately realizing the commercial benefits of quantum solutions in Japan."