Street Calls of the Week
Investing.com -- IonQ Inc. (NYSE:IONQ) stock rose 1.9% in premarket trading Wednesday after the quantum computing company announced it has entered into a definitive agreement to acquire Vector Atomic, a quantum sensing specialist for positioning, navigation, and timing applications.
The all-stock transaction is expected to accelerate IonQ’s entry into the quantum sensing market and strengthen its full-stack quantum platform. Vector Atomic brings a portfolio of high-performance clocks, synchronization hardware, gravimeters, and inertial sensors to IonQ, along with over $200 million in government contracts.
"This acquisition marks a significant acceleration and expansion opportunity for IonQ as we continue to lead the commercialization of quantum technologies," said Niccolo de Masi, Chairman and CEO of IonQ. "Integrating Vector Atomic’s sensing capabilities across our compute, networking, and space portfolios will advance our mission to provide scalable, commercial-grade quantum solutions for our customers today."
The deal will add all 76 of Vector Atomic’s employees to IonQ’s workforce, enhancing the company’s quantum talent pool. Vector Atomic’s technology is already being used in national security programs, including a recent contract for the U.S. Department of Defense’s classified X-37B orbital test vehicle project.
This acquisition follows IonQ’s recent strategic purchases including Qubitekk, Lightsynq Technologies, Capella Space, ID Quantique, and Oxford Ionics, as the company continues to expand its quantum technology capabilities and intellectual property portfolio.
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