ColdQuanta Awarded $2.8M From The U.S. Government To Advance Its Quantum Core Technology

BOULDER, COLO.--(BUSINESS WIRE)--

ColdQuanta, Inc., the quantum atomics company, today announced it has been awarded an additional $2.8M across four separate programs from DARPA, NASA, and the U.S. military. These programs will advance the development of ColdQuanta’s cold atom Quantum Core™ technology for quantum positioning (gyroscopes and atomic clocks), quantum sensors (radiofrequency detectors), and quantum communication systems. Following the recent announcement of a $1M award from NASA, these awards put ColdQuanta’s cumulative R&D funding at over $30M.

“ColdQuanta’s success in delivering advanced systems in prior projects, such as our Cold Atom Laboratory system on board the International Space Station, has earned us the trust of major U.S. government agencies and national labs,” said Bo Ewald, CEO of ColdQuanta. “These new awards underscore the importance of quantum atomics as the basis of a wide range of new quantum systems in the future.”

Dr. Dana Anderson, Founder and Chief Technology Officer of ColdQuanta, commented on the news: “While each of these awards focus on a different application of cold atom technology, taken together they are important milestones toward the development of quantum systems for global positioning and communications. Our team is excited about the new projects and the continued development of our Quantum Core technology, with the goal of delivering and deploying quantum positioning systems (QPS), quantum signal processing (QSP) and quantum computers in the future.”

Award Details:

• DARPA awarded ColdQuanta $721k in partnership with the University of Virginia under its A-PhI (Atomic-Photonic Integration) program.The A-PhI program is focused on combining the high accuracy of atomic systems with the portability, manufacturability, and robustness of photonic integrated chips for high-performance position, navigation, and timing (PNT) devices as an alternative to today’s Global Positioning System (GPS). DARPA’s goal is to produce the world’s best sensors (atomic clocks and gyroscopes) with a size, weight, and power consumption that make them suitable for widespread deployment ranging from ships to aerial vehicles to dismounted soldiers. As a key milestone toward such systems, ColdQuanta will deliver hardware subsystems that enable building cold-atom-based gyroscopic sensors.

• NASA Ames awarded ColdQuanta $684k under the Space Technology Mission Directorate’s Transformational Communications Technology effort. This effort advances quantum-enabled and secure communications as well as quantum computer networking through the development of a novel quantum memory device based on storing quantum information in a lattice of cold atoms.

• A branch of the U.S. military awarded two contracts to ColdQuanta, totaling $1.4 million in funding. The projects involve atomic clock technology and radiofrequency sensors.

About ColdQuanta

ColdQuanta leads the market in commercializing quantum atomics, the next wave of the information age. The company’s Quantum Core™ technology uses ultra-cold atoms cooled to a temperature of nearly absolute zero using lasers to manipulate and control the atoms with extreme precision. Based on its Quantum Core technology, ColdQuanta manufactures components, instruments, and turnkey systems that address a broad spectrum of applications ranging from timekeeping and navigation to quantum computing, and from radiofrequency (RF) receivers to quantum communications systems. ColdQuanta’s global customers include major commercial and defense companies, all branches of the U.S. Department of Defense, national labs operated by the Department of Energy, NASA, and NIST, and major universities. ColdQuanta is based in Boulder, CO with offices in Madison, Wisconsin and Oxford, UK.

Find out more at www.coldquanta.com.

The name ColdQuanta and the ColdQuanta logo are both registered trademarks of ColdQuanta, Inc.

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