Quantum Computing Inc. Awarded TFLN Photonic Chip Contract by U.S. Department of Commerce's National Institute of Standards and Technology

HOBOKEN, N.J., Aug. 5, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced it has been awarded a contract by the National Institute of Standards and Technology (NIST), part of the U.S. Department of Commerce, for the design and fabrication of thin-film lithium niobate (TFLN) photonic integrated circuits (PICs). In addition, the Company has received a chip order from a Fortune 500 science and technology company that provides advanced solutions across defense, intelligence, civil, and commercial markets.

This is QCi's first direct government contract for its TFLN foundry services and represents a key step in its plans to become a trusted U.S.-based supplier of advanced photonic technologies. Together with this new commercial order, the contract builds on QCi's prior quantum-related government subcontracts and underscores growing demand for domestic TFLN capabilities. The period of performance runs from June 16, 2025, through April 15, 2026.

The contract leverages QCi's cutting edge prototyping capabilities and foundry services to deliver mission-critical photonic components on an accelerated timeline. 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.

Dr. Milan Begliarbekov, Chief Operating Officer of QCi, commented, "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."

Dr. Pouya Dianat, Chief Revenue Officer of QCi commented, "We are excited to support the NIST mission with our state-of-the-art TFLN capabilities. We are also encouraged to see commercial leaders in national security and technology infrastructure begin to adopt our chips in support of their missions. This contract highlights the potential of our foundry model and our commitment to providing secure, domestic access to cutting-edge photonic technologies. This award marks an important early milestone in our strategy to build long-term government and commercial partnerships."

About Quantum Computing Inc.

Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines and foundry services for the production of photonic chips based on thin-film lithium niobate (TFLN). QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.

Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding and including statements regarding the potential for revenue growth in the government market, the market demand for TFLN chips, and the ability of QCi's foundry to meet the accelerated delivery schedule. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the timing of orders and revenue, and making strategic acquisitions, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

Company Contact:

Rosalyn Christian/John Nesbett

IMS Investor Relations

[email protected]

SOURCE Quantum Computing Inc.