Quantum Cyber N.V. (NASDAQ:QUCY) stock is up during Monday’s premarket session as the company agreed to acquire a manufacturing facility in Bridgeport, Connecticut, in a $3.2 million deal.
The deal marks another step in Quantum Cyber’s transition from a technology developer and IP licensor to a vertically integrated autonomous defense manufacturer focused on the intersection of quantum computing and cybersecurity.
Quantum Cyber Expands Manufacturing Footprint
The 43,000-square-foot facility includes industrial equipment that will support in-house production of drone components. Quantum Drones plans to use the site to design, manufacture and assemble unmanned aerial systems and related technologies.
The move follows last week’s announcement of an expanded partnership with BP United Inc., under which Quantum Cyber will take over direct manufacturing of its autonomous drone platform. BP United will continue providing engineering support and has agreed to a two-year voting arrangement backing board-recommended proposals.
The expansion also aligns with broader U.S. efforts to boost domestic drone production capacity amid growing defense spending.
Investor interest in the company has surged in recent months. In May, shares jumped more than 800% after Quantum Cyber filed a provisional patent application for an Autonomous Distributed Naval Mine Countermeasure System with the U.S. Patent and Trademark Office.
QUCY Stock Price Activity: Quantum Cyber shares were up 1.82% at $2.24 during premarket trading on Monday, according to Benzinga Pro data.
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