Technology
Quantum Cyber Signs Definitive Agreements to Acquire U.S.-Based Manufacturing Facility in Bridgeport, Connecticut
Quantum Drones Corporation Executes Definitive Agreements for $3.2 Million Acquisition of Approximately 50,000-Square-Foot Industrial Facility and Installed Manufacturing Equipment; Advances Company’s Transition From Technology Licensing to Vertically Integrated Domestic Defense ManufacturingWEST PALM BEACH, Florida, June 29, 2026 (GLOBE NEWSWIRE) -- Quantum Cyber N.V. (Nasdaq: QUCY) (“Quantum Cyber” or the “Company”), a Nasdaq-listed autonomous defense technology company assembling an AI-powere
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Quantum Drones Corporation Executes Definitive Agreements for $3.2 Million Acquisition of Approximately 50,000-Square-Foot Industrial Facility and Installed Manufacturing Equipment; Advances Company's Transition From Technology Licensing to Vertically Integrated Domestic Defense Manufacturing WEST PALM BEACH, Florida, June 29, 2026 (GLOBE NEWSWIRE) -- Quantum Cyber N.V. (Nasdaq: QUCY) ("Quantum Cyber" or the "Company"), a Nasdaq-listed autonomous defense technology company assembling an AI-powered System-of-Systems platform for drone warfare, counter-UAS, and border security applications, today announced that its wholly owned subsidiary, Quantum Drones Corporation, has signed definitive agreements to acquire the real property and the installed manufacturing equipment located at 38 Union Avenue, Bridgeport, Connecticut, from Arcade Realty LLC and Arcade Technology LLC, for aggregate consideration of $3,200,000. The definitive agreements follow the Letter of Intent the Company announced on June 8, 2026, and represent a foundational step in Quantum Cyber's previously announced strategic transition from a technology development and IP licensing company to a vertically integrated autonomous defense manufacturer with domestic production capacity under its own control. Completion of the acquisition remains subject to customary closing conditions. The Bridgeport property is an approximately 50,000-square-foot industrial facility situated on an approximately 1.09-acre site in southeastern Bridgeport, with direct access to Interstate 95. The equipment to be acquired includes a substantial installed inventory of metal-forming and machining assets. The Company believes the acquisition advances Quantum Cyber's stated strategy of building the production infrastructure required to manufacture autonomous defense systems domestically. It follows the Company's June 2, 2026 announcement that it would assume direct manufacturing of its licensed autonomous drone platform, and its May 28, 2026 announcement of plans to establish a U.S.-based defense-technology manufacturing complex. Upon completion of the acquisition, the Company would own a physical manufacturing facility, the installed equipment within it, and an experienced fabrication team, the operating foundation on which it intends to build its domestic autonomous defense manufacturing capability. The acquisition is intended to support the Trump Administration's Executive Order 14307, which establishes American drone dominance as an explicit national security and industrial priority and directs the acceleration of domestic drone production capacity. The U.S. Department of Defense FY2027 Budget Request allocates approximately $55 billion toward drone and autonomous warfare programs, reflecting a doctrinal shift toward high-volume, attritable autonomous platforms deployed at operational scale. By acquiring domestic manufacturing infrastructure, Quantum Cyber believes it may be better positioned to participate in this procurement wave as a domestic producer, not solely as a technology licensor.
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