Quantum Computing Inc. Hosts Ribbon-Cutting to Celebrate Grand Opening of Quantum Photonic Chip Foundry in Tempe, Arizona

Rhea-AI Summary

Quantum Computing Inc. (QUBT) celebrated the grand opening of its quantum photonic chip foundry in Tempe, Arizona on May 12, 2025. The state-of-the-art facility, completed in March 2025, specializes in manufacturing thin-film lithium niobate (TFLN) photonic chips and is already operational, fulfilling existing customer pre-orders. The foundry aims to serve customers seeking U.S.-based manufacturing while supporting QCi's quantum computing development. The company expects modest initial revenue in 2025, with acceleration anticipated in 2026. The facility represents a strategic milestone in QCi's growth plan, enhancing vertical integration and positioning the company to meet growing demand across datacom, telecom, advanced sensing, and quantum computing markets.

Positive

• Facility is already operational and fulfilling existing customer pre-orders
• Revenue generation expected to begin in 2025 with acceleration in 2026
• Strategic vertical integration enhances supply chain control and manufacturing capabilities
• ISO certification completed ahead of schedule

Negative

• Initial revenue from the facility expected to be modest in 2025
• Recent CEO transition with Dr. Yuping Huang serving as Interim Chief Executive Officer

Facility Accelerates Multi-Phase Growth Strategy in Quantum and Datacom Markets

TEMPE, Ariz., May 13, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, celebrated the grand opening of its quantum photonic chip foundry located in Tempe, Arizona at a ribbon cutting ceremony on May 12, 2025. The event was attended by Tempe Mayor Corey Woods, along with multiple government officials and industry leaders, who gathered to mark this milestone and highlight the community and industry benefits of the new state-of-the-art facility.

"The opening of this foundry by Quantum Computing Inc. represents the kind of forward-looking investment we want to attract to Tempe," said Mayor Corey Woods. "Not only does it bring high-tech jobs and economic development to our city, it also cements Tempe's growing reputation as a hub for innovation in quantum technologies and advanced manufacturing."

The facility represents a milestone in QCi's strategic roadmap to meet growing global demand for thin-film lithium niobate (TFLN) photonic chips and accelerate the commercialization of its next-generation quantum machines.

Construction of the foundry was completed in March 2025, followed shortly by the finalization of its upgraded ISO certification ahead of schedule. The state-of-the-art facility is now operational, fulfilling existing customer pre-orders, and is positioned to scale production capacity to address rising demand across datacom, telecom, advanced sensing, and quantum computing markets.

The Tempe foundry is a specialized facility designed to serve customers seeking U.S.-based manufacturing of high-performance photonic chips, while laying the groundwork to supply critical components for QCi's proprietary quantum computing machines.

"The opening of our quantum photonic chip foundry is a milestone achievement in QCi's growth strategy, strengthening our manufacturing capabilities, supporting near and long-term revenue growth, and positioning us to accelerate innovation in both quantum and nanophotonic markets," said Dr. Yuping Huang, Interim Chief Executive Officer of QCi. "By controlling our supply chain and scaling chip production domestically, we are uniquely positioned to deliver value to customers while advancing our own quantum hardware development. I'd like to thank outgoing CEO Dr. Bill McGann for his leadership and dedication in bringing this foundry to completion. It was a privilege to join him at the ribbon cutting ceremony to mark this achievement."

QCi's Chief Revenue Officer, Dr. Pouya Dianat commented, "This grand opening is commercially significant to QCi. With the foundry operational, our near-term focus is to fulfill existing customer pre-orders and expand sales across datacom, telecom, and advanced sensing markets. We expect to see modest initial revenue from the fab this year, and as we scale and bring more customers online, we anticipate revenue growth starting to accelerate in 2026."

The launch of the Tempe foundry is a cornerstone of QCi's broader multi-phase growth strategy, which includes scaling capacity to meet evolving customer needs, enhancing vertical integration to accelerate internal product development, and expanding into emerging quantum computing markets.

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 TFLN foundry services to the world today. 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.

Company Contact:

Rosalyn Christian/John Nesbett

IMS Investor Relations

qci@imsinvestorrelations.com

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 the intent, belief or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the growth rate of the market, timing of revenue recognition and our ability to innovate and deliver products, 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.

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SOURCE Quantum Computing Inc.

FAQ

What is the purpose of QUBT's new quantum photonic chip foundry in Tempe?

The foundry will manufacture thin-film lithium niobate (TFLN) photonic chips to serve U.S.-based customers and supply critical components for QCi's quantum computing machines.

When will Quantum Computing Inc (QUBT) start generating revenue from the new foundry?

QUBT expects modest initial revenue from the foundry in 2025, with acceleration anticipated in 2026.

Where is QUBT's new quantum photonic chip foundry located?

The foundry is located in Tempe, Arizona, and celebrated its grand opening on May 12, 2025.

What markets will QUBT's new foundry serve?

The foundry will serve datacom, telecom, advanced sensing, and quantum computing markets.

Who is the current CEO of Quantum Computing Inc (QUBT)?

Dr. Yuping Huang is serving as Interim Chief Executive Officer, following outgoing CEO Dr. Bill McGann.