(BusinessWire) 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.”
NOTE: IQT featured ColdQuanta’s CEO Bo Ewald in special CEO interview series here.