Quantum Base, a spin-out from Lancaster University, has marked a significant milestone by becoming the first of its kind to be listed on the London Stock Exchange. The company’s ordinary shares are now trading on the LSE AIM market under the ticker symbol “QUBE” following a successful fundraising effort. This achievement reflects investor confidence in Quantum Base’s innovative product and future growth prospects. The listing on AIM comes after a £4.8 million fundraising round aimed at accelerating the company’s commercialization efforts.
Founded in 2013, Quantum Base emerged as a spin-out from Lancaster University, leveraging Professor Rob Young’s breakthroughs in quantum physics for commercial applications. The company’s leadership includes Dr. Alan Gilchrist from Lancaster University Management School as the Marketing Director and Professor Benjamin Robinson from Physics as the Scientific Materials Advisor. Professor Young expressed his excitement about the listing, emphasizing the company’s vision to utilize quantum technology to tackle real-world challenges.
Quantum Base specializes in developing and implementing its patented Q-ID solution, which comprises authenticity tags that are both unbreakable and non-replicable. These tags, based on atomic-level randomness, offer robust protection against counterfeiting and can be seamlessly integrated into various products. The Q-IDs are designed for easy authentication using smartphones, enhancing security for global brands, governments, and consumers.
Tom Taylor, the CEO of Quantum Base, highlighted the company’s transition from a university spin-out to a successful scientific enterprise. He underscored the significance of the AIM listing in enhancing the company’s credibility and independence. Quantum Base’s Q-ID solution addresses the multi-trillion-dollar issue of counterfeiting, providing a reliable and cost-effective anti-counterfeit measure for diverse industries without requiring significant changes in consumer behavior or infrastructure.
The scientific foundation of Quantum Base’s technology has been rigorously reviewed and validated, earning recognition from the scientific community. The Q-ID solution has demonstrated its ability to combat counterfeiting through competitive testing, positioning itself as a valuable asset for businesses seeking secure authentication methods. With major contracts already in place, Quantum Base aims to expand its market presence and deliver value to stakeholders.
Counterfeiting poses substantial financial risks to businesses and governments globally, with current solutions often falling short in terms of effectiveness and scalability. Quantum Base’s atomic-level Q-ID technology offers a promising alternative that is not only secure but also adaptable to various industries. The company’s successful listing on the London Stock Exchange signifies a new chapter in its growth trajectory, paving the way for broader adoption of its innovative anti-counterfeiting solution.
As Quantum Base embarks on this new phase of trading on the LSE AIM market, it stands at the forefront of leveraging quantum technology to revolutionize authentication practices and combat counterfeiting on a global scale. The company’s journey from academia to the stock exchange exemplifies the potential of university spin-outs in driving innovation and addressing real-world challenges through cutting-edge technology.
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