Aeluma (ALMU) said Wednesday it has won new NASA and US Navy contracts to support the development of next-generation quantum and sensing systems.
The NASA contract will support the company's efforts to commercialize entangled photon sources, Aeluma said.
The US Navy contract will support Aeluma's size, weight, and power imaging sensors for next-generation submarine systems, the company added.
Aeluma shares were up over 4% in recent Wednesday premarket activity.
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