BOULDER, Colo.--(BUSINESS WIRE)--Oct 15, 2019--

ColdQuanta, Inc., the quantum atomics company, today announced it has been awarded $1M from NASA’s Civilian Commercialization Readiness Pilot Program (CCRPP). The program will enable ColdQuanta to develop significantly smaller cold atom systems with a high level of ruggedness. This award expands on the success of ColdQuanta’s Quantum Core technology which was developed with the Jet Propulsion Laboratory (JPL) and is currently operating aboard the International Space Station (ISS). The company expects continued advancement of its technology to lead to compact systems of unprecedented capability, including quantum-based timekeeping, navigation, and radio-frequency field sensing, as well as quantum communications, computing, and simulation.

“We believe this new award from NASA is clear validation of the success of the deployment of ColdQuanta’s Quantum Core on the ISS and of ColdQuanta’s expertise in quantum systems,” said Bo Ewald, CEO of ColdQuanta. “The new funding will help accelerate our development and productization of quantum-based technologies for signal processing, global positioning, and computing. While it is still early in the development of all quantum-based technologies, we see an enormous opportunity for ColdQuanta in these new markets.”

“The NASA commercialization program helps us to continue to develop our Quantum Core technology, reduce the size of our products, and refine our manufacturing processes,” said Dr. Dana Anderson, Founder and Chief Technology Officer of ColdQuanta. “All of these advances are steps toward our goal of commercializing entirely new types of quantum systems. It will be especially exciting to deliver another rugged, turnkey cold atom system in a deployable chassis at the end of the effort.”

The CCRPP program reflects NASA’s interest in driving quantum technologies towards a higher level of maturity and commercial viability. The award, matched with internal ColdQuanta research and development funding, will optimize several manufacturing processes and result in a highly compact cold atom system suitable for portable quantum atomic devices. Ultimately the size reduction and subsystem improvements will result in delivery of a self-contained cold-atom instrument (currently 400 liters) of approximately 40 liters. The system is targeted to enable deployable atomic clocks, cold-atom-based sensors, and inertial measurement units suitable for platforms ranging from ground vehicles to satellites.

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, the ColdQuanta logo, and Quantum Core are registered trademarks of ColdQuanta, Inc.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191015005151/en/

CONTACT: ColdQuanta Press Contact:

Rob Williamson

608-213-7255

media@coldquanta.com

KEYWORD: UNITED STATES NORTH AMERICA COLORADO

INDUSTRY KEYWORD: SOFTWARE RESEARCH HARDWARE DATA MANAGEMENT TECHNOLOGY OTHER MANUFACTURING SATELLITE SCIENCE ENGINEERING OTHER TECHNOLOGY AEROSPACE OTHER SCIENCE MANUFACTURING

SOURCE: ColdQuanta, Inc.

Copyright Business Wire 2019.

PUB: 10/15/2019 08:15 AM/DISC: 10/15/2019 08:15 AM

http://www.businesswire.com/news/home/20191015005151/en

Copyright Business Wire 2019.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.