HOBOKEN,
N.J., Jan. 7, 2025 /PRNewswire/ -- Quantum
Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an
innovative, integrated photonics and quantum optics technology
company, today announced the receipt of its third and fourth
purchase orders for its thin film lithium niobate (TFLN) photonic
chip foundry. The orders, received from a renowned European
technical university and a Canadian photonic integrated circuit
(PIC) design house, mark a key milestone in the QCi Foundry Pilot
Launch Program.
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 Asia, includes TFLN PIC chips comprised of
passive elements, such as ring resonators and waveguides.
Over the past year, QCi has made substantial strides in
advancing its TFLN technology at its US-based semiconductor foundry
in Tempe, Arizona, setting the
stage for growth in 2025 as its foundry services come online.
Scheduled to begin full-scale production in Q1 2025, this facility
will be dedicated to the manufacturing of high-performance photonic
chips and expanding the capabilities and capacity of TFLN devices.
QCi plans to work closely with its clients on baseline commercial
TFLN chip products as well as customer-unique designs through its
foundry service offering, leveraging its expertise in design,
fabrication, and characterization. In addition, QCi plans to
showcase its foundry services at the upcoming SPIE Photonics West
2025, the world's largest photonics technologies event, to be held
in San Francisco, California later
this month.
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.
