A non-standard quantum deformation of the two-photon algebra h(6) is c
onstructed, and its quantum universal R-matrix is given. Representatio
ns of this new quantum algebra are studied on the Fock space and trans
lated into Fock-Bargmann realizations that provide a direct formalism
for the definition of deformed states of light. Finally, the isomorphi
sm between h(6) and the (1 + 1) Schrodinger algebra is used to introdu
ce a new (non-standard) Hopf algebra deformation of this latter symmet
ry algebra.