Aeluma (ALMU) Secures New Contracts with NASA and US Navy

Aeluma, Inc. (NASDAQ:ALMU) is one of the Most Promising New Technology Stocks According to Wall Street Analysts. On July 9, Aeluma, Inc. (NASDAQ:ALMU) announced securing new contracts with NASA and the US Navy to help speed up the development and commercialization of advanced quantum and sensing systems.

The company’s unique technology combines high-performance compound semiconductors with standard silicon manufacturing. This approach allows it to offer affordable solutions for fast-growing areas, including mobile devices, artificial intelligence, defense, aerospace, robotics, automotive, augmented and virtual reality, and quantum computing.

The NASA contract focuses on developing entangled photon sources. These are essential for quantum computing and secure communications. Whereas, the US Navy contract will support the development of compact, low-power imaging sensors. These will be used in the next generation of submarine systems.

Aeluma, Inc. (NASDAQ:ALMU) develops advanced semiconductor and optoelectronic devices by combining high-performance compound semiconductor materials with mass-market silicon manufacturing.

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Disclosure: None. This article is originally published at Insider Monkey.