Shares of Quantum Computing Inc. (QUBT) are soaring 6.67% in Tuesday's pre-market trading session, following the announcement of a significant contract award from the U.S. Department of Commerce's National Institute of Standards and Technology (NIST). The contract focuses on the design and fabrication of thin-film lithium niobate (TFLN) based photonic integrated circuits (PICs), showcasing the company's advanced capabilities in photonic technologies.

This marks Quantum Computing Inc.'s first direct government contract for its TFLN foundry services, highlighting the growing demand for domestic capabilities in advanced photonic technologies. The contract not only validates the company's technology but also positions it as a key player in providing secure, U.S.-based access to cutting-edge photonic solutions for high-security and mission-critical environments.

Investors are reacting positively to this development, seeing it as a potential catalyst for future growth and partnerships in both government and commercial sectors. The pre-market surge reflects market optimism about Quantum Computing Inc.'s ability to capitalize on the increasing importance of photonic technologies in various applications, including quantum computing and secure communications. As the company continues to develop its TFLN technology and expand its government collaborations, the market anticipates potential long-term benefits and increased market share in the rapidly growing field of quantum computing and photonics.