TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Quantum Base Holdings Plc ( (GB:QUBE) ) has shared an announcement.
Quantum Base Holdings Plc has announced a £250,000 expansion of an existing contract with its largest customer, a major international security printer. This expansion, due in the current financial year, allows the company to support 170 smartphone models with its Q-ID technology, covering over 99% of smartphone usage in its target markets. The expansion signifies a strong commercial partnership and highlights the real-world value of Quantum Base’s product. The company is on track to meet its goals, including signing additional contracts and strengthening its team, amid rising global counterfeiting concerns.
More about Quantum Base Holdings Plc
Quantum Base Holdings Plc is a quantum science company that specializes in creating a new global standard in authentication through its patented Q-ID solution. These unbreakable and non-replicable authenticity tags can be applied to a wide range of products, significantly reducing counterfeiting. The Q-ID technology utilizes randomness at the atomic level, making it virtually impossible to replicate, and can be used with existing smartphone technology for easy authentication.
Average Trading Volume: 82,921
Technical Sentiment Signal: Strong Sell
Learn more about QUBE stock on TipRanks’ Stock Analysis page.