Observation of squeezed states with strong photon-number oscillations

Squeezed states of light constitute an important nonclassical resource in the field of high-precision measurements, for example, gravitational wave detection, as well as in the field of quantum information, for example, for teleportation, quantum cryptography, and distribution of entanglement in quantum computation networks. Strong squeezing in combination with high purity, high bandwidth, and high spatial mode quality is desirable in order to achieve significantly improved performances contrasting any classical protocols. Here we report on the observation of 11.5 dB of squeezing, together with relatively high state purity corresponding to a vacuum contribution of less than 5%, and a squeezing bandwidth of about 170 MHz. The analysis of our squeezed states reveals a significant production of higher-order pairs of quantum-correlated photons and the existence of strong photon-number oscillations.