Quantum Computing Inc. (NASDAQ:QUBT) Sees 8.27% Increase in Share Price Amid New Govt Deal

Quantum Computing Inc. (NASDAQ:QUBT) saw an 8.27% increase in share price on Tuesday after bagging a new deal with the US Department of Commerce for the development and supply of thin-film lithium niobate photonic integrated circuits. The agreement represents the company's first direct government contract and is a key step in its plans to become a trusted supplier of advanced photonic technologies.

Quantum Computing Inc. (QUBT), an innovative integrated photonics and quantum optics technology company, saw its share price surge by 8.27% on Tuesday following the announcement of a new deal with the U.S. Department of Commerce. The agreement involves the development and supply of thin-film lithium niobate (TFLN) photonic integrated circuits (PICs) by the National Institute of Standards and Technology (NIST) [1][2][3].

This contract marks the company's first direct government contract for its TFLN foundry services and is a significant milestone in QUBT's strategy to become a trusted U.S.-based supplier of advanced photonic technologies. The contract, which runs from June 16, 2025, through April 15, 2026, leverages QUBT's cutting-edge prototyping capabilities and foundry services to deliver mission-critical photonic components on an accelerated timeline [1][2][3].

The project scope includes design support and fabrication of TFLN-based PICs, with performance requirements focused on low optical-loss waveguides, high-performance modulators, and narrow-band filters. In addition to the NIST contract, QUBT also received a chip order from a leading Fortune 500 science and technology company that provides solutions across defense, intelligence, civil, and commercial markets [1][2][3].

Dr. Milan Begliarbekov, Chief Operating Officer of QUBT, commented, "QUBT 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." [1][2][3]

This development underscores the growing demand for domestic TFLN capabilities and QUBT's commitment to providing secure, domestic access to cutting-edge photonic technologies. The award highlights the potential of QUBT's foundry model and its ability to build long-term government and commercial partnerships [1][2][3].

References:
[1] https://finance.yahoo.com/news/quantum-computing-inc-awarded-tfln-123000329.html
[2] https://www.marketscreener.com/news/quantum-computing-inc-wins-tfln-photonic-chip-contract-by-u-s-department-of-commerce-s-national-in-ce7c5ed8db89f326
[3] https://www.investing.com/news/stock-market-news/quantum-computing-inc-stock-surges-after-securing-nist-contract-93CH-4170476