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GOLETA, CA - Semiconductor company Aeluma, Inc. (NASDAQ:ALMU), a $250.2 million market cap technology firm with remarkable revenue growth of 335% over the last twelve months, announced Wednesday it has secured new contracts with NASA and the U.S. Navy to advance development of quantum and sensing systems.
The NASA contract will support Aeluma’s work on commercializing entangled photon sources for quantum computing and communication systems, building on the company’s recent demonstration of nonlinear optical materials integration on 200mm silicon substrates.
The U.S. Navy contract focuses on developing low size, weight, and power (SWaP) imaging sensors for submarine systems, utilizing the company’s technology that integrates shortwave infrared sensors directly on silicon.
"These contracts provide additional funding to accelerate development and commercialization, and to strengthen our relationships with government agencies, partners, and customers," said Jonathan Klamkin, Founder and CEO of Aeluma, in the press release.
Aeluma’s semiconductor platform combines compound semiconductor materials with silicon manufacturing processes, which the company states enables cost-effective solutions across markets including mobile, defense, artificial intelligence, automotive, and quantum computing.
The company operates from its headquarters in Santa Barbara, California, which includes a manufacturing cleanroom facility. Financial terms of the contracts were not disclosed in the announcement.
The information in this article is based on a company press release.
In other recent news, Aeluma, Inc. has secured a contract with the U.S. Navy valued at up to $1.3 million to develop high-speed photodetectors. This contract involves collaboration with a major global interconnect manufacturer and support from a top-tier government prime contractor. The funding aims to accelerate commercialization for commercial markets while meeting defense and aerospace requirements. Additionally, Aeluma has announced a new contract with the U.S. Department of Energy (DOE) to advance low-cost shortwave infrared (SWIR) photodetectors. This DOE-funded project focuses on creating scalable, energy-efficient SWIR devices for various sectors, including quality inspection and remote sensing. The company’s technology integrates high-performance compound semiconductors with large-diameter substrates, promising cost-effective solutions for real-time inspection and imaging. Both contracts highlight Aeluma’s strategic focus on enhancing its semiconductor technology for diverse applications. These developments mark significant progress in Aeluma’s efforts to bring its innovative solutions to mainstream markets.
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