17th Mar 2025 11:27
(Alliance News) - Quantum Base Holdings PLC on Monday said it intends to list on London's AIM market in April, aiming to raise between GBP3 million and GBP5 million to fund product development and commercial expansion.
The Lancaster, England-based quantum science company, which specialises in anti-counterfeiting technology and provides authenticity tags, said the float will be led by Strand Hanson Ltd as its nominated adviser, with Cavendish Capital Markets Ltd acting as broker.
The funds raised will be used to accelerate the commercialisation of its patented Quantum Identities solution, which the company says is a "near unbreakable and non-replicable" quantum-secure authentication tag designed to combat counterfeiting.
Quantum Base was founded in 2013 as a spin-out from Lancaster University, based on research by Robert Young. The company has developed a new authentication method using quantum randomness at the atomic level, which it says makes its Q-ID tags impossible to replicate. The tags can be applied to a variety of products, including tax stamps, banknotes, pharmaceuticals, and luxury goods, and can be verified using a smartphone.
The company has already signed two framework agreements with security printing firms, including an unnamed "major" security printer for government tax stamps and Madrid-based Signe SA, which specialises in document security.
Chief Executive Officer Tom Taylor said: "For over a decade, we have been developing our patented Q-ID solution - a quantum-secure tag that is virtually impossible to replicate or clone.
"As the first innovation of its kind to be easily integrated with the most common printing methods and quickly authenticated with a smartphone, it has been vital for us to maintain independence and credibility so that we can grow our solution in a sustainable manner.
"We believe that floating on AIM will provide us with this independence, whilst also enabling us to leverage access to a world-leading market and potential investor base."
By Eva Castanedo, Alliance News reporter
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