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ColdQuanta Awarded Additional $2.8 M from DARPA, NASA & US Military

By IQT News posted 29 Oct 2019

(FinanceYahoo) 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 (radio frequency 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.”
NOTE:  ColdQuanta’s CEO Bo Ewald was the first in IQT’s interview series. Click here to read more about ColdQuanta.

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