HOBOKEN,
N.J., Oct. 30, 2024 /PRNewswire/ -- Quantum
Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an
innovative, integrated photonics and quantum optics technology
company, is pleased to announce significant progress as it
approaches the final commissioning of its quantum photonic
chip foundry, set to open in Q1 2025. In September, QCi launched a
pilot program aimed at securing sales orders from early adopters
for its thin film lithium niobate (TFLN) foundry services and
establishing a unified ecosystem for producing high-performance and
energy efficient photonic integrated circuits (PICs) and
nanophotonic devices.
Led by Drs. Pouya Dianat and
Milan Begliarbekov, QCi has made substantial strides in driving
commercial activities for its products and PIC foundry services.
These ongoing activities have led to the Company's engagement in
contract and technical negotiations with several key partners and
customers across North America,
Europe, and Asia, with expectations to finalize multiple
orders for QCi's TFLN electro-optical modulator chips by the end of
the year.
In line with its long-term goals for strategic
collaboration in PIC design, manufacturing, testing, and
packaging, QCi has executed two memorandums of understanding (MOUs)
with prominent partners. The first MOU has been established with
Spark Photonics Design, Inc., a leading U.S.-based provider of PIC
solutions. This partnership aims to enable the introduction of
evaluation chip kits in 2025, providing potential customers with
the opportunity to sample QCi Foundry chips for educational and
testing purposes.
Additionally, QCi has established a second MOU with Alcyon
Photonics, a European-based photonics design company. Together,
these partnerships represent a significant advancement for QCi in
facilitating the development of process design kits (PDKs) and
design services, reinforcing the Company's commitment to achieve
global reach with customers utilizing its TFLN fab line.
"The early engagement from strategic partners and customers,
such as these, underscores our confidence in the strong growth
potential for our photonic chips and highlights the global market
interest in the TFLN capabilities of our foundry," stated Dr.
William McGann, Chief Executive
Officer (CEO) of QCi. "This positive response reflects the
increasing market demand for TFLN technology, which promises
substantial performance advantages and energy cost savings across
applications in photonic-based quantum computing, defense,
artificial intelligence (AI), and data center connectivity and
optical interconnects."
This announcement follows the recent public unveiling of the QCi
Foundry and its services during Dr. Dianat's presentation at the
Optica Photonic-Enabled Cloud Computing (PECC) Industry Summit. The
event showcased the promising future of TFLN technology, which has
been recognized as a "hot topic" for 2025 by NVIDIA, further
emphasizing its growth potential in the telecom and datacom
landscape.
As QCi approaches the final phase of construction and capital
equipment installation for its foundry, the Company continues to
engage with various customers to build strategic partnerships and
capture pre-orders. The QCi Foundry, which is anticipated to be
fully operational in early 2025, will have both front end and
packaging capabilities for a 150 mm wafer line, as well as the
ability to design, simulate, and characterize optoelectronic
devices.
For more information about QCi's Foundry or to discuss
collaboration opportunities with QCi and its foundry services,
please visit the QCi Foundry webpage.
About Quantum Computing Inc.
Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq:
QUBT) is an innovative, integrated photonics and quantum optics
technology company that provides accessible and affordable quantum
machines to the world today. QCi 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, cybersecurity, as well as remote sensing
applications.
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SOURCE Quantum Computing Inc.
