IonQ (NYSE: IONQ) and Florida LambdaRail (FLR), the state’s existing research and education fiber‑optic network, announced a partnership to develop a statewide quantum‑safe network spanning Florida. The collaboration will create a nearly 100‑mile quantum corridor from Palm Beach County to Miami‑Dade, connecting universities, research institutions, and government agencies with quantum‑secure communication capabilities.
The initiative leverages IonQ’s trapped‑ion quantum computing platform and its recently integrated Electronic Qubit Control architecture to provide quantum key distribution (QKD) services over the FLR fiber network. By embedding QKD into the state’s existing infrastructure, the partnership aims to deliver provably secure encryption that protects data against future quantum‑computer attacks, positioning Florida as a leader in quantum‑safe communications.
For IonQ, the deal expands its quantum‑networking portfolio and opens a new revenue stream through state‑level contracts, complementing its broader platform strategy that includes computing, sensing, and cybersecurity. The partnership signals growing institutional demand for quantum‑secure solutions and underscores IonQ’s role as a key enabler of next‑generation secure communications.
IonQ reported $130.0 million in annual revenue for 2025, a 202% year‑over‑year increase, and guided 2026 revenue between $225 million and $245 million. The company’s cash position of $3.3 billion as of December 31, 2025, provides ample resources for continued investment in quantum technologies and potential acquisitions such as the planned SkyWater Technology acquisition.
Florida LambdaRail is a non‑profit research and education network that owns and operates over 1,540 miles of dark fiber across Florida, connecting 13 university partners and 58 affiliates. The partnership positions Florida as a leader in quantum‑safe communications and is expected to accelerate the deployment of quantum‑secure connectivity across the state.
While the financial terms of the Master Service Agreement were not disclosed, the partnership represents a significant milestone for both parties, expanding IonQ’s presence in the public sector and providing Florida with a state‑level quantum‑safe infrastructure that can protect data against future quantum‑computer attacks.
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