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Quantum Computing, Inc. Secures Third and Fourth Purchase Orders for TFLN Photonic Chip Foundry, Concluding 2024 Pilot Launch Program

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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.

Quantum Computing Inc. (QUBT) ha ottenuto i suoi terzi e quarti ordini di acquisto per la sua fonderia di chip fotonici in niobato di litio a film sottile (TFLN). Gli ordini provengono da un'universit脿 tecnica europea che si concentra sulle applicazioni nelle telecomunicazioni e da una societ脿 canadese di progettazione di circuiti integrati fotonici - il loro primo cliente non di ricerca.

L'azienda ha completato una consegna parziale dell'ordine del suo primo cliente fonderia nel dicembre 2024 per un cliente asiatico. La fonderia di semiconduttori con sede negli Stati Uniti di QCi a Tempe, in Arizona, 猫 programmata per la produzione su larga scala nel primo trimestre del 2025, concentrandosi su chip fotonici ad alte prestazioni e dispositivi TFLN.

L'ordine della compagnia canadese di progettazione di circuiti integrati fotonici include lo sviluppo di chip PIC TFLN personalizzati con consegna prevista nel secondo trimestre del 2025, e accesso prioritario a una corsa su wafer multi-progetto programmata per il secondo semestre del 2025. QCi prevede di mostrare i suoi servizi di fonderia all'SPIE Photonics West 2025 a San Francisco.

Quantum Computing Inc. (QUBT) ha asegurado sus terceros y cuartos pedidos de compra para su fundici贸n de chips fot贸nicos de niobato de litio de pel铆cula delgada (TFLN). Los pedidos provienen de una universidad t茅cnica europea que se centra en aplicaciones de telecomunicaciones y de una casa de dise帽o de circuitos integrados fot贸nicos canadiense - su primer cliente no investigador.

La empresa complet贸 una entrega parcial del pedido de su primer cliente de fundici贸n en diciembre de 2024 a un cliente asi谩tico. La fundici贸n de semiconductores de QCi, ubicada en Tempe, Arizona, est谩 programada para producci贸n a gran escala en el primer trimestre de 2025, centrada en chips fot贸nicos de alto rendimiento y dispositivos TFLN.

El pedido de la empresa canadiense de dise帽o de PIC incluye el desarrollo de chips PIC TFLN personalizados con entrega esperada en el segundo trimestre de 2025, y acceso prioritario a una serie de wafers de m煤ltiples proyectos planeada para el segundo semestre de 2025. QCi planea mostrar sus servicios de fundici贸n en SPIE Photonics West 2025 en San Francisco.

韤韰 旎错摠韺 欤检嫕須岇偓 (QUBT)電 鞏囲潃 頃勲 毽姮 雮橃澊鞓る笇靷(TFLN) 甏戫暀 旃 韺岇毚霌滊Μ鞐 雽頃 靹 氩堨Ц 氚 雱 氩堨Ц 甑Г 欤茧鞚 頇曤炒頄堨姷雼堧嫟. 鞚 欤茧鞚 韱奠嫚 鞚戩毄 頂勲攴鸽灗鞐 欷戩爯鞚 霊 鞙犽熃 旮办垹 雽頃欔臣 旌愲倶雼れ潣 甏 歆戩爜 須岆 靹り硠 須岇偓鞐愳劀 鞝戩垬霅 瓴冹溂搿, 鞐瓣惮 瓿犼皾鞚 鞎勲媽 觳 瓿犼皾鞛呺媹雼.

須岇偓電 2024雲 12鞗旍棎 觳 氩堨Ц 韺岇毚霌滊Μ 瓿犼皾鞚 欤茧鞐 雽頃 攵攵 氚办啞鞚 鞎勳嫓鞎 瓿犼皾鞐愱矊 鞕勲頄堨姷雼堧嫟. QCi鞚 鞎犽Μ臁半倶欤 韰滍攧鞐 鞙勳箻頃 氙戈淡 氚橂弰觳 韺岇毚霌滊Μ電 2025雲 1攵勱赴鞐 雽攴滊 靸濎偘鞚 鞓堨爼頃橁碃 鞛堨溂氅, 瓿犾劚電 甏戫暀 旃 氚 TFLN 鞛レ箻鞐 歆戩頃橁碃 鞛堨姷雼堧嫟.

旌愲倶雼 PIC 靹り硠 須岇偓鞚 欤茧鞐愲姅 毵烄钉順 TFLN PIC 旃 臧滊皽鞚 韽暔霅橂┌, 鞓堨儊 氚办啞鞚 2025雲 2攵勱赴搿 鞓堨爼霅橃柎 鞛堨姷雼堧嫟. 霕愴暅 2025雲 頃橂皹旮办棎 瓿勴殟霅 雼れ 頂勲鞝濏姼 鞗澊韻 鞁ろ枆鞐 雽頃 鞖办劆 鞝戧芳鞚 鞝滉车霅╇媹雼. QCi電 2025雲 靸岉攧霝鞁滌姢旖旍棎靹 鞐措Μ電 SPIE Photonics West鞐愳劀 鞛愳嫚鞚 韺岇毚霌滊Μ 靹滊箘鞀るゼ 靹犽炒鞚 瓿勴殟鞛呺媹雼.

Quantum Computing Inc. (QUBT) a s茅curis茅 ses troisi猫me et quatri猫me commandes d'achat pour sa fonderie de puces photoniques en niobate de lithium 脿 film mince (TFLN). Les commandes proviennent d'une universit茅 technique europ茅enne sp茅cialis茅e dans les applications de t茅l茅communications et d'une soci茅t茅 canadienne de conception de circuits int茅gr茅s photoniques - leur premier client non recherche.

L'entreprise a termin茅 une livraison partielle de la commande de son premier client fonderie en d茅cembre 2024 pour un client asiatique. La fonderie de semi-conducteurs bas茅e aux 脡tats-Unis de QCi 脿 Tempe, en Arizona, est pr茅vue pour une production 脿 grande 茅chelle au premier trimestre 2025, en se concentrant sur des puces photoniques hautes performances et des dispositifs TFLN.

La commande de la soci茅t茅 canadienne de conception de PIC comprend le d茅veloppement de puces PIC TFLN sur mesure avec une livraison pr茅vue au deuxi猫me trimestre 2025, ainsi qu'un acc猫s prioritaire 脿 une s茅rie de wafers multi-projets pr茅vue pour le deuxi猫me semestre 2025. QCi pr茅voit de pr茅senter ses services de fonderie lors de SPIE Photonics West 2025 脿 San Francisco.

Quantum Computing Inc. (QUBT) hat seine dritten und vierten Bestellungen f眉r seine D眉nnfilm-Lithium-Niobat (TFLN) photonischen Chip-Fabrik gesichert. Die Bestellungen stammen von einer europ盲ischen technischen Universit盲t, die sich auf Telekommunikationsanwendungen konzentriert, und von einem kanadischen Unternehmen f眉r die Entwurf von photonischen integrierten Schaltungen - dem ersten Nicht-Forschungs-Kunden.

Das Unternehmen hat im Dezember 2024 eine Teillieferung der Bestellung seines ersten Fabrikkunden an einen asiatischen Kunden abgeschlossen. Die von QCi betriebene US-amerikanische Halbleiterfabrik in Tempe, Arizona, ist f眉r die Gro脽produktion im ersten Quartal 2025 geplant und konzentriert sich auf Hochleistungs-Photonik-Chips und TFLN-Ger盲te.

Die Bestellung des kanadischen PIC-Designunternehmens umfasst die Entwicklung von individuellen TFLN-PIC-Chips mit einer erwarteten Lieferung im zweiten Quartal 2025 sowie einen priorit盲ren Zugang zu einem geplanten Multi-Projekt-Waferlauf f眉r das zweite Halbjahr 2025. QCi plant, seine Fabulierung Dienstleistungen auf der SPIE Photonics West 2025 in San Francisco vorzustellen.

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 $2.46B market cap, QCi's foundry progress suggests potential revenue acceleration in 2025. The combination of research and commercial orders creates a balanced customer portfolio, while the US-based manufacturing facility offers strategic advantages in the current geopolitical climate focusing on domestic semiconductor production.

HOBOKEN, N.J., Jan. 7, 2025 /PRNewswire/ -- 聽("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 .

About 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.聽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.聽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.聽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)?

QUBT received its third and fourth purchase orders for its TFLN photonic chip foundry from a European technical university and a Canadian PIC design house, marking key milestones in their Foundry Pilot Launch Program.

When will QUBT's Tempe, Arizona foundry begin full-scale production?

QCi's semiconductor foundry in Tempe, Arizona is scheduled to begin full-scale production in Q1 2025.

What is the delivery timeline for QUBT's Canadian PIC design company order?

The Canadian PIC design company's order is expected for delivery in Q2 2025, with priority access to a multi-project wafer run in H2 2025.

Has QUBT completed any foundry customer deliveries yet?

Yes, QUBT completed partial delivery of its first foundry customer's order in December 2024 to a customer based in Asia, including TFLN PIC chips with passive elements.

Where will QUBT showcase its foundry services in 2025?

QUBT plans to showcase its foundry services at SPIE Photonics West 2025 in San Francisco, California.

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