Quantum Computing Inc. Awarded TFLN Photonic Chip Contract by U.S. Department of Commerce's National Institute of Standards and Technology
Rhea-AI Summary
Quantum Computing Inc. (Nasdaq: QUBT) has secured a significant contract from the National Institute of Standards and Technology (NIST) for designing and fabricating thin-film lithium niobate (TFLN) photonic integrated circuits. The contract period runs from June 16, 2025, through April 15, 2026.
Additionally, QCi received a chip order from a Fortune 500 science and technology company operating in defense and intelligence markets. The project involves delivering mission-critical photonic components with specific performance requirements including low optical-loss waveguides, high-performance modulators, and narrow-band filters.
This marks QCi's first direct government contract for TFLN foundry services, representing a strategic step toward becoming a trusted U.S.-based supplier of advanced photonic technologies.
Positive
- Secured first direct government contract from NIST for TFLN foundry services
- Received additional chip order from Fortune 500 defense and technology company
- Contract demonstrates growing demand for domestic TFLN capabilities
- Expands presence in high-security and mission-critical markets
Negative
- None.
News Market Reaction
On the day this news was published, QUBT gained 8.27%, reflecting a notable positive market reaction. Argus tracked a peak move of +7.0% during that session. Our momentum scanner triggered 35 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $208M to the company's valuation, bringing the market cap to $2.72B at that time. Trading volume was above average at 1.9x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
This is QCi's first direct government contract for its TFLN foundry services and represents a key step in its plans to become a trusted
The contract leverages QCi's cutting edge prototyping capabilities and foundry services to deliver mission-critical photonic components on an accelerated timeline. The project scope includes design support and fabrication of TFLN-based PICs, with performance requirements focused on low optical-loss waveguides, high-performance modulators, and narrow-band filters.
Dr. Milan Begliarbekov, Chief Operating Officer of QCi, commented, "QCi is proud to deliver advanced photonic solutions to market through our commercial foundry. Additionally, we're pleased to add a leading Fortune 500 defense and technology contractor to our growing list of commercial customers, reinforcing the broad applicability of our TFLN platform across high-security, mission-critical environments."
Dr. Pouya Dianat, Chief Revenue Officer of QCi commented, "We are excited to support the NIST mission with our state-of-the-art TFLN capabilities. We are also encouraged to see commercial leaders in national security and technology infrastructure begin to adopt our chips in support of their missions. This contract highlights the potential of our foundry model and our commitment to providing secure, domestic access to cutting-edge photonic technologies. This award marks an important early milestone in our strategy to build long-term government and commercial partnerships."
About Quantum Computing Inc.
Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines and foundry services for the production of photonic chips based on thin-film lithium niobate (TFLN). QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.
Forward-Looking Statements
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding and including statements regarding the potential for revenue growth in the government market, the market demand for TFLN chips, and the ability of QCi's foundry to meet the accelerated delivery schedule. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the timing of orders and revenue, and making strategic acquisitions, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
Company Contact:
Rosalyn Christian/John Nesbett
IMS Investor Relations
qci@imsinvestorrelations.com
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SOURCE Quantum Computing Inc.
FAQ
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