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Investing.com -- Aeluma Inc (NASDAQ:ALMU) stock surged 9% after the semiconductor company announced new contracts with NASA and the U.S. Navy that could accelerate development of its next-generation quantum and sensing systems.
The NASA contract will advance Aeluma’s efforts to commercialize entangled photon sources, which are critical for quantum computing and communication systems. The company recently demonstrated successful integration of nonlinear optical materials on CMOS standard 200mm diameter silicon substrates, providing a path to scale complex quantum photonic circuits.
Meanwhile, the U.S. Navy contract will support Aeluma’s development of low SWaP (size, weight, and power) imaging sensors for next-generation submarine systems. The company’s technology enables multi-spectrum visible and shortwave infrared sensing in a single, compact chip.
"We continue to build momentum in scaling our high-performance semiconductor platform for a diversity of applications across quantum, communications, and sensing," said Jonathan Klamkin, Founder and CEO of Aeluma. "These contracts provide additional funding to accelerate development and commercialization, and to strengthen our relationships with government agencies, partners, and customers."
Aeluma’s semiconductor platform combines compound semiconductor performance with mainstream silicon manufacturing scale, potentially enabling cost-effective solutions across markets including mobile, AI, defense, aerospace, robotics, automotive, AR/VR, and quantum computing.
The company noted that each contract aligns with its commercial roadmap and go-to-market strategy for bringing performance semiconductors to high-growth commercial markets.
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