The inventory of quantum computers continues to skyrocket due to the NASA contract

Shares of Quantum Computing (QUBT), or QCi, rose sharply on Tuesday after the integrated photonics and quantum optics company announced it had received a contract from the National Aeronautics and Space Administration’s (NASA) Goddard Space Flight Center for its imaging technology .

Financial details were not disclosed.

Shares of Quantum Computing, which rose 40% on Tuesday, have been on a tear over the past month and are now up about 1,600% year-to-date.

NASA uses QCi’s Dirac-3 to meet its imaging and data processing needs

The company said NASA will use QCi’s Dirac-3 entropy quantum optimization engine to support the space agency’s advanced imaging and data processing needs.

QCi noted that Dirac-3 will help solve the “challenging phase deconvolution problem for optimally reconstructing images and extracting information from radar-generated interferometric data.”

Chief Executive Officer (CEO) Dr. William McGann said the goal is to allow NASA “to compare the results and benefits of QCi’s quantum optimization technology with state-of-the-art algorithms running on classical computers.”