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Investing.com -- Quantum Computing Inc. (NASDAQ:QUBT) stock jumped 8.5% after the integrated photonics and quantum optics technology company announced it has been awarded a contract by the National Institute of Standards and Technology (NIST) for the design and fabrication of thin-film lithium niobate photonic integrated circuits.
The contract, which runs from June 16, 2025, through April 15, 2026, represents the company’s first direct government contract for its TFLN foundry services. QCi also revealed it received a chip order from an unnamed Fortune 500 science and technology company that provides solutions across defense, intelligence, civil, and commercial markets.
The NIST project leverages QCi’s prototyping capabilities to deliver photonic components on an accelerated timeline. The scope includes design support and fabrication of TFLN-based PICs, with specific performance requirements focused on low optical-loss waveguides, high-performance modulators, and narrow-band filters.
"QCi is proud to deliver advanced photonic solutions to market through our commercial foundry. Additionally, we’re pleased to add a leading Fortune 500 defense and technology contractor to our growing list of commercial customers, reinforcing the broad applicability of our TFLN platform across high-security, mission-critical environments," said Dr. Milan Begliarbekov, Chief Operating Officer of QCi.
The company views these developments as key steps in its plans to become a trusted U.S.-based supplier of advanced photonic technologies, building on prior quantum-related government subcontracts.
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