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ColdQuanta Awarded U.S. Government Contracts Totaling $2.55MBOULDER, Colo., April 7, 2021 /PRNewswire/ -- ColdQuanta, the leader in Cold Atom Quantum Technology, has been awarded two development contracts from U.S. Government agencies worth $2.55M in total. Both projects are based on the company's Quantum Core™ technology that uses atoms cooled to a temperature of nearly absolute zero, and lasers to manipulate and control the atoms with extreme precision. Quantum Atomic Clock: However, services such as satellite-based GPS can be spoofed, lack encryption or other security features, and often can't deliver the signal strength required. Because of this, the development and deployment of a PNT system that doesn't depend on GPS is a critical need across governments and industry. This is especially true for mobile systems such as aircraft and spacecraft that need to know their position with great precision even when GPS is unavailable. Under this project, ColdQuanta will deliver a state-of-the-art atomic clock with "instant on" capability if a GPS signal is lost, with a timing accuracy comparable to the best commercial clocks. It will also be ruggedized, portable, and compact to enable its use in ircraft, and will minimize the power draw in between periods of demand. "High-performance atomic clocks are the backbone of the Internet, electrical power grids, financial networks, and autonomous navigation. Combining this with ColdQuanta's development of related inertial navigation devices such as gyroscopes, accelerometers, and gravimeters, will lead to the first Quantum Positioning Systems," said Dan Caruso, executive chairman and CEO of ColdQuanta. "We're excited to work closely with the Department of Defense to meet their urgent needs, while also advancing the capabilities needed for future, unassailable global positioning technology." Miniaturized Ion Trap System: ColdQuanta previously developed a prototype miniaturized ion trapping system with performance that is competitive with traditional, large-footprint vacuum systems. The system maximizes performance and robustness while minimizing size, weight, and power consumption (SWaP). The new AFRL award will build on the success of this prototype to increase performance, reduce cost, and create a robust architecture for deployable quantum platforms. About ColdQuanta The name ColdQuanta and the ColdQuanta logo are both registered trademarks of ColdQuanta, Inc.
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