Business
QuantumCore Announces Transformational Acquisition of Avalanche PhotoniQ to Create a Broad-Based Quantum Infrastructure Supplier
Waterloo, Ontario--(Newsfile Corp. - May 19, 2026) - QuantumCore (CSE: QNCR) ("QuantumCore" or the "Company"), a developer of enabling hardware for the quantum computing industry, is pleased to announce that it has entered into an agreement to acquire Avalanche PhotoniQ ("Avalanche"), a pioneer in next-generation single-photon detector technology, adding yet another critical piece of infrastructure for quantum computing.The acquisition transforms QuantumCore into a broader quantum infrastructure
About this update from Quantumcore Ltd
[{"type":"text","content":"Waterloo, Ontario--(Newsfile Corp. - May 19, 2026) - QuantumCore (CSE: QNCR) ("QuantumCore" or the "Company"), a developer of enabling hardware for the quantum computing industry, is pleased to announce that it has entered into an agreement to acquire Avalanche PhotoniQ ("Avalanche"), a pioneer in next-generation single-photon detector technology, adding yet another critical piece of infrastructure for quantum computing.","length":454,"tagName":"p"},{"type":"text","content":"The acquisition transforms QuantumCore into a broader quantum infrastructure platform serving multiple quantum computing architectures beyond superconducting systems. In addition to the Company's superconducting traveling-wave parametric amplifiers (TWPAs), the transaction adds advanced single-photon detectors that are critical components in photonic quantum computing, quantum communication, quantum networking, and optical sensing applications.","length":452,"tagName":"p"},{"type":"text","content":"The acquisition includes Avalanche's intellectual property portfolio, including patent rights and a foundry-ready detector design that is expected to enter commercial manufacturing within the next 12 months. This provides QuantumCore with a near-term pathway to commercialization and establishes a second product platform alongside its superconducting amplifier business.","length":375,"tagName":"p"},{"type":"text","content":"Under the terms of the transaction, QuantumCore will acquire 100% of Avalanche for an aggregate purchase price of $2.0 million, consisting of $1.0 million in cash at closing and $1.0 million payable in cash or common shares of QuantumCore, at the sellers' option, on the first anniversary of closing. In addition, the vendors will be eligible to receive milestone-based cash bonuses tied to future commercial revenue targets.","length":429,"tagName":"p"},{"type":"text","content":""This is an exciting acquisition for QuantumCore because it brings us a commercial-ready program with protected intellectual property and a foundry-ready device expected to enter manufacturing within the next 12 months," said Eugene Profis, Chief Executive Officer of QuantumCore. "We are also excited to welcome Michael Reimer and his talented team to QuantumCore as we build a leading platform of photon detector techno...