A reinvention of the classical Maxwel demon was proposed by Szilard around the time quantum mechanics was developed. His model continues to attract great interest, especially quantum versions of it. A quantum formulation of the Szilard engine is introduced and investigated here. It is made to operate through specified cycles in such a way that all thermodynamic quantities which pertain to the system can be evaluated exactly in closed form along each sequence of steps through a cycle. It is shown that as a result of the structure of the model, it is possible to calculate and compare various thermodynamic quantities as the engine proceeds around a well defined specific cycle.