We consider the quantum theory of three fields interacting via parametric a
nd repulsive quartic couplings. This can be applied to treat photonic chi((
2)) and chi((3)) interactions, and interactions in atomic Bose-Einstein con
densates or quantum Fermi gases, describing coherent molecule formation tog
ether with a-wave scattering. The simplest two-particle quantum solitons or
bound-state solutions of the idealized Hamiltonian, without a momentum cut
off, are obtained exactly. They have a pointlike structure in two and three
dimensions-even though the corresponding classical theory is nonsingular.
We show that the solutions can be regularized with a momentum cutoff. The p
arametric quantum solitons have much more realistic length scales and bindi
ng energies than chi((3)) quantum solitons, and the resulting effects could
potentially be experimentally tested in highly nonlinear optical parametri
c media or interacting matter-wave systems. N-particle quantum solitons and
the ground state energy are analyzed using a variational approach. Applica
tions to atomic/molecular Bose-Einstein condensates (BEC's) are given, wher
e we predict the possibility of forming coupled BEC solitons in three space
dimensions, and analyze "superchemistry" dynamics.