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Quantum Computing, Inc. Announces Second Purchase Order for TFLN Photonic Chip Foundry from University of Texas at Austin

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Quantum Computing Inc. (QUBT) has received its second purchase order for its thin film lithium niobate (TFLN) photonic chip foundry from the University of Texas at Austin. The order will support the University's RF Acoustic Microsystem Group's research and is part of QCi Foundry's pilot launch program, with fulfillment expected in Q1 2025. QCi's Foundry in Tempe, Arizona, will process TFLN and other transition metal ferroelectrics, with production scheduled to begin in Q1 2025. This follows QCi's first order from a research institute in Asia, positioning the company in the high-performance, TFLN-based optical chip market.

Quantum Computing Inc. (QUBT) ha ricevuto il suo secondo ordine di acquisto per il suo chip fotonico in niobato di litio a film sottile (TFLN) dalla Università del Texas ad Austin. L'ordine supporterà la ricerca del Gruppo di Microsistemi Acustici RF dell'Università ed è parte del programma di lancio pilota della QCi Foundry, con consegna prevista per il primo trimestre del 2025. La QCi Foundry a Tempe, Arizona, elaborerà il TFLN e altri ferroelettrici a base di metalli di transizione, con produzione programmata per iniziare nel primo trimestre del 2025. Questo segue il primo ordine di QCi da un istituto di ricerca in Asia, posizionando l'azienda nel mercato dei chip ottici ad alte prestazioni basati su TFLN.

Quantum Computing Inc. (QUBT) ha recibido su segundo pedido de compra para su chip fotónico de niobato de litio de película delgada (TFLN) de la Universidad de Texas en Austin. El pedido respaldará la investigación del Grupo de Microsistemas Acústicos RF de la Universidad y es parte del programa de lanzamiento piloto de QCi Foundry, con cumplimiento esperado en el primer trimestre de 2025. La QCi Foundry en Tempe, Arizona, procesará TFLN y otros ferroeléctricos de metales de transición, con producción programada para comenzar en el primer trimestre de 2025. Esto sigue al primer pedido de QCi de un instituto de investigación en Asia, posicionando a la empresa en el mercado de chips ópticos de alto rendimiento basados en TFLN.

퀀텀 컴퓨팅 주식회사 (QUBT)는 텍사스 대학교 오스틴캠퍼스에서 공급한 얇은 필름 리튬 나이오브( TFLN) 광학 칩 공장에 대한 두 번째 구매 주문을 받았습니다. 이 주문은 대학의 RF 아크로스 시스템 그룹의 연구를 지원하며, QCi 파운드리의 파일럿 출시 프로그램의 일환으로 Q1 2025에 납품될 예정입니다. 아리조나주 템페에 위치한 QCi 파운드리에서는 TFLN과 기타 전이 금속 강유전체를 가공할 예정이며, 생산은 Q1 2025부터 시작될 계획입니다. 이는 아시아에 있는 연구 기관으로부터 QCi의 첫 번째 주문에 이어지는 것이며, TFLN 기반의 고성능 광학 칩 시장에서 회사를 자리잡게 합니다.

Quantum Computing Inc. (QUBT) a reçu sa deuxième commande d'achat pour sa puce photonique en niobate de lithium à film mince (TFLN) de l'Université du Texas à Austin. La commande soutiendra la recherche du groupe de microsystèmes acoustiques RF de l'Université et fait partie du programme de lancement pilote de QCi Foundry, dont l'exécution est prévue pour le premier trimestre de 2025. La QCi Foundry à Tempe, en Arizona, traitera le TFLN et d'autres ferroélectriques à métaux de transition, avec un début de production prévu pour le premier trimestre de 2025. Cela fait suite à la première commande de QCi d'un institut de recherche en Asie, positionnant l'entreprise sur le marché des puces optiques à haute performance basées sur le TFLN.

Quantum Computing Inc. (QUBT) hat seine zweite Bestellung für seinen photonischen Chip aus dünnem Lithiumniobat (TFLN) von der Universität Texas in Austin erhalten. Die Bestellung wird die Forschung der RF-Akustik-Mikrosystemgruppe der Universität unterstützen und ist Teil des Pilotstartprogramms der QCi Foundry, mit einer Erfüllung, die für das erste Quartal 2025 erwartet wird. Die QCi Foundry in Tempe, Arizona, wird TFLN und andere ferroelektrische Übergangsmetalle verarbeiten, wobei die Produktion im ersten Quartal 2025 beginnen soll. Dies folgt auf die erste Bestellung von QCi von einem Forschungsinstitut in Asien und positioniert das Unternehmen im Markt für Hochleistungs-Optikchips auf TFLN-Basis.

Positive
  • Secured second purchase order for TFLN photonic chip foundry
  • Foundry facility on track to begin production in Q1 2025
  • Expanding commercial viability with multiple customer orders
Negative
  • None.

Insights

The second purchase order for TFLN photonic chip foundry services represents incremental progress in QCi's commercialization strategy, though the financial impact appears The key strategic value lies in validating the market demand for their TFLN technology, particularly in academic research applications.

The planned Q1 2025 production timeline for the Tempe facility is crucial, as it will determine QCi's ability to capture market share in the growing photonics sector. With two early customers secured before production begins, there are positive indicators for initial facility utilization. However, investors should note that academic research orders typically have lower revenue potential compared to commercial contracts.

The expansion into micro electromechanical systems applications could open additional market opportunities beyond the core quantum computing focus, though meaningful revenue impact would likely be years away. The $251M market cap suggests investors are pricing in significant growth expectations that will require substantial commercial traction to justify.

HOBOKEN, N.J., Nov. 20, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced the Company has received its second purchase order for its thin film lithium niobate (TFLN) photonic chip foundry from the University of Texas at Austin. The order will support the research efforts of the University's RF Acoustic Microsystem Group and is part of the QCi Foundry's pilot launch program, with fulfillment expected in Q1 2025.

The order will enable the University to advance chip-scale acoustic and cross-domain microsystems, utilizing the scalable industrial processes provided by the QCi Foundry. As part of this order, QCi will leverage its standard TFLN processing recipes to facilitate a custom fabrication run tailored to the needs of the University's research group. This collaboration lays the groundwork for further expanding the use of TFLN into applications that extend into micro electromechanical systems, further establishing TFLN's potential as a versatile material system and a key enabler for the next-generation photonics market and beyond.

"This strategic collaboration with the University of Texas at Austin underscores the expanding capabilities and commercial viability of the QCi Foundry, which has been designed to meet the increasing demand for signal processing, sensing, and computing applications as well as advanced acoustic systems for volume deployment," stated Dr. William McGann, Chief Executive Officer (CEO) at QCi. "We are excited to support the University's innovative research, and this collaboration further highlights the growing recognition of TFLN as a critical driver in the future of telecom, datacom, and quantum markets."

This announcement follows QCi's recent news of securing its first order for its TFLN photonic chip foundry from a prominent research and technology institute based in Asia. The QCi Foundry will be devoted to processing TFLN and other transition metal ferroelectrics in Tempe, Arizona. The facility remains on track to begin production in Q1 2025, positioning QCi as a leader in the high-performance, TFLN-based optical chip market.

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. ("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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/quantum-computing-inc-announces-second-purchase-order-for-tfln-photonic-chip-foundry-from-university-of-texas-at-austin-302311325.html

SOURCE Quantum Computing Inc.

FAQ

When will QCi (QUBT) begin production at its TFLN foundry in Tempe, Arizona?

QCi's TFLN foundry in Tempe, Arizona is scheduled to begin production in Q1 2025.

What is the latest purchase order received by Quantum Computing Inc. (QUBT)?

Quantum Computing Inc. received a purchase order for its TFLN photonic chip foundry from the University of Texas at Austin, supporting their RF Acoustic Microsystem Group's research.

When will QUBT fulfill the University of Texas at Austin's order?

The order fulfillment is expected in Q1 2025 as part of QCi Foundry's pilot launch program.

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