9th Sep 2025 13:03
(Alliance News) - Quantum Base Holdings PLC on Tuesday said it has secured a GBP250,000 expansion to an existing contract with its largest customer, an international security printer, with revenue due in the current financial year ending April 30, 2026.
Shares in Quantum Base rose 15% to 19.00 pence in London on Tuesday afternoon.
The Lancaster, England-based quantum science company that specialises in anti-counterfeiting technology and provides authenticity tags said the agreement builds on a previous GBP96,000 contract expansion and involves the company's patented Q-ID authentication technology, which is being used on government tax stamps.
The expanded deal includes additional features and supports a wider range of smartphone models.
Quantum Base said 170 smartphone models can now scan and verify products using its Q-ID tags, covering more than 99% of usage in its target markets.
Chief Executive Officer Tom Taylor said the expansion represents a significant step in the commercial rollout of Q-ID technology.
"We are trading in-line with expectations for the year and still anticipate signing up a further four commercial contracts by April 2026," Taylor said, citing growing demand and continued progress in product development and recruitment.
By Eva Castanedo, Alliance News reporter
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