Quantum Computing, Inc. Secures Third and Fourth Purchase Orders for TFLN Photonic Chip Foundry, Concluding 2024 Pilot Launch Program
Rhea-AI Summary
Quantum Computing Inc. (QUBT) has secured its third and fourth purchase orders for its thin film lithium niobate (TFLN) photonic chip foundry. The orders come from a European technical university focusing on telecommunications applications and a Canadian photonic integrated circuit design house - their first non-research customer.
The company completed partial delivery of its first foundry customer's order in December 2024 to an Asian client. QCi's US-based semiconductor foundry in Tempe, Arizona, is scheduled for full-scale production in Q1 2025, focusing on high-performance photonic chips and TFLN devices.
The Canadian PIC design company's order includes custom TFLN PIC chip development with expected delivery in Q2 2025, and priority access to a multi-project wafer run planned for H2 2025. QCi plans to showcase its foundry services at SPIE Photonics West 2025 in San Francisco.
Positive
- Secured two new purchase orders for TFLN photonic chip foundry
- Achieved first commercial (non-research) customer order
- Completed partial delivery of first foundry customer order in December 2024
- Full-scale production facility launch scheduled for Q1 2025
Negative
- None.
Insights
The receipt of two new TFLN photonic chip foundry orders represents a critical milestone in QCi's commercialization strategy. The European university order focusing on PPLN structures validates QCi's technical capabilities in quantum-ready photonic applications, while the Canadian PIC design house order marks their first commercial client - a pivotal shift from research-only customers.
The successful partial delivery of the first Asian customer order in December 2024 demonstrates operational execution capability. With full-scale production scheduled for Q1 2025 at their Tempe facility, QCi is positioned to capitalize on the growing demand for TFLN technology. The foundry's ability to handle both baseline commercial products and custom designs creates multiple revenue streams. For investors, this diversified approach reduces risk while maximizing market opportunity in the expanding photonics sector.
The strategic significance of these orders extends beyond immediate revenue. The university's focus on PPLN structures for optical frequency conversion and entangled photon generation addresses core requirements for quantum communications infrastructure. This positions QCi at the intersection of classical photonics and quantum applications - a important market advantage as quantum networks evolve.
The commercial PIC design house order, scheduled for Q2 2025 delivery, suggests growing industry confidence in QCi's TFLN platform. The priority access agreement for future multi-project wafer runs indicates potential for recurring revenue and long-term customer relationships. The completion of the Asian customer delivery validates QCi's manufacturing capabilities in producing complex photonic components like ring resonators and waveguides - essential building blocks for quantum-enabled systems.
The expansion of QCi's customer base across three continents (Europe, North America and Asia) demonstrates global market penetration in the specialized TFLN foundry space. The timing of full foundry services launch in Q1 2025 aligns with growing industry demand for photonic integrated circuits in quantum computing and telecommunications applications.
The planned showcase at SPIE Photonics West 2025 provides a strategic platform for business development. With a
The university will leverage QCi's expertise in periodically poled lithium niobate (PPLN) structures, essential for optical frequency conversion and entangled photon generation, with a specific focus on adopting TFLN for advanced telecommunications applications. These structures are strategically important for the QCi Foundry's roadmap and wafer-scale technology, and their high-yield production is critical to QCi's long-term plans in quantum applications.
The commercial order from the Canadian PIC design company represents the first order from a non-research-based customer and includes the taping out of a custom TFLN PIC chip. The expected delivery is set for Q2 2025 and provides priority access to a future multi-project wafer run anticipated to launch in the second half of 2025.
"The QCi Foundry Pilot Launch Program has generated customer engagement from both research and commercial sectors, establishing a pipeline of future opportunities for these foundry services," stated Dr. Pouya Dianat, Director of PICs and Foundry Services at QCi. "We are excited to leverage these engagements as QCi officially launches its full foundry services in Q1 2025, and we are confident that this will be a pivotal year for the Company's growth. We anticipate converting this pipeline into orders as we continue to expand our foundry services throughout 2025."
As 2025 begins, QCi is also proud to announce that the Company has completed the partial delivery of its first foundry customer's order in December 2024. The order, which was shipped to the customer based in
Over the past year, QCi has made substantial strides in advancing its TFLN technology at its US-based semiconductor foundry in
To learn more about the QCi Foundry or to explore collaboration opportunities with QCi and its foundry services, please visit the QCi Foundry webpage.
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 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 technology 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 and forecasts, 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 timing of commencing production at our TFLN fabrication facility, and the outcome of ongoing collaborations and demonstration projects, 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 are the latest purchase orders received by Quantum Computing Inc. (QUBT)?
When will QUBT's Tempe, Arizona foundry begin full-scale production?
What is the delivery timeline for QUBT's Canadian PIC design company order?
Has QUBT completed any foundry customer deliveries yet?
Where will QUBT showcase its foundry services in 2025?
