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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'università tecnica europea che si concentra sulle applicazioni nelle telecomunicazioni e da una società 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, è 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 fundición de chips fotónicos de niobato de litio de película delgada (TFLN). Los pedidos provienen de una universidad técnica europea que se centra en aplicaciones de telecomunicaciones y de una casa de diseño de circuitos integrados fotónicos canadiense - su primer cliente no investigador.

La empresa completó una entrega parcial del pedido de su primer cliente de fundición en diciembre de 2024 a un cliente asiático. La fundición de semiconductores de QCi, ubicada en Tempe, Arizona, está programada para producción a gran escala en el primer trimestre de 2025, centrada en chips fotónicos de alto rendimiento y dispositivos TFLN.

El pedido de la empresa canadiense de diseño 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 múltiples proyectos planeada para el segundo semestre de 2025. QCi planea mostrar sus servicios de fundición en SPIE Photonics West 2025 en San Francisco.

퀀텀 컴퓨팅 주식회사 (QUBT)는 얇은 필름 리튬 나이오브산(TFLN) 광학 칩 파운드리에 대한 세 번째 및 네 번째 구매 주문을 확보했습니다. 이 주문은 통신 응용 프로그램에 중점을 둔 유럽 기술 대학과 캐나다의 광 집적 회로 설계 회사에서 접수된 것으로, 연구 고객이 아닌 첫 고객입니다.

회사는 2024년 12월에 첫 번째 파운드리 고객의 주문에 대한 부분 배송을 아시아 고객에게 완료했습니다. QCi의 애리조나주 템프에 위치한 미국 반도체 파운드리는 2025년 1분기에 대규모 생산을 예정하고 있으며, 고성능 광학 칩 및 TFLN 장치에 집중하고 있습니다.

캐나다 PIC 설계 회사의 주문에는 맞춤형 TFLN PIC 칩 개발이 포함되며, 예상 배송은 2025년 2분기로 예정되어 있습니다. 또한 2025년 하반기에 계획된 다중 프로젝트 웨이퍼 실행에 대한 우선 접근이 제공됩니다. QCi는 2025년 샌프란시스코에서 열리는 SPIE Photonics West에서 자신의 파운드리 서비스를 선보일 계획입니다.

Quantum Computing Inc. (QUBT) a sécurisé ses troisième et quatrième commandes d'achat pour sa fonderie de puces photoniques en niobate de lithium à film mince (TFLN). Les commandes proviennent d'une université technique européenne spécialisée dans les applications de télécommunications et d'une société canadienne de conception de circuits intégrés photoniques - leur premier client non recherche.

L'entreprise a terminé une livraison partielle de la commande de son premier client fonderie en décembre 2024 pour un client asiatique. La fonderie de semi-conducteurs basée aux États-Unis de QCi à Tempe, en Arizona, est prévue pour une production à grande échelle au premier trimestre 2025, en se concentrant sur des puces photoniques hautes performances et des dispositifs TFLN.

La commande de la société canadienne de conception de PIC comprend le développement de puces PIC TFLN sur mesure avec une livraison prévue au deuxième trimestre 2025, ainsi qu'un accès prioritaire à une série de wafers multi-projets prévue pour le deuxième semestre 2025. QCi prévoit de présenter ses services de fonderie lors de SPIE Photonics West 2025 à San Francisco.

Quantum Computing Inc. (QUBT) hat seine dritten und vierten Bestellungen für seine Dünnfilm-Lithium-Niobat (TFLN) photonischen Chip-Fabrik gesichert. Die Bestellungen stammen von einer europäischen technischen Universität, die sich auf Telekommunikationsanwendungen konzentriert, und von einem kanadischen Unternehmen für 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 für die Großproduktion im ersten Quartal 2025 geplant und konzentriert sich auf Hochleistungs-Photonik-Chips und TFLN-Geräte.

Die Bestellung des kanadischen PIC-Designunternehmens umfasst die Entwicklung von individuellen TFLN-PIC-Chips mit einer erwarteten Lieferung im zweiten Quartal 2025 sowie einen prioritären Zugang zu einem geplanten Multi-Projekt-Waferlauf für 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/ -- 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.

QCi (PRNewsfoto/Quantum Computing Inc.)

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)?

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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