Quantum Base: Lancaster University Spin-Out Set to Revolutionize Authentication with London Stock Exchange IPO
In a significant step for the global anti-counterfeiting market, Lancaster University spin-off Quantum Base has announced its intention to float on the London Stock Exchange’s AIM market. The company, founded by Professor Rob Young, is developing a patented quantum-secure tag, Q-ID®, that promises to set a new standard in authentication technology.
With counterfeiting estimated to cost businesses and tax authorities $2.8 trillion annually, Quantum Base’s solution, which leverages smartphone technology for easy authentication, could mitigate this financial burden significantly. The company aims to raise £3M to £5M from new institutional and other shareholders, funds that will be utilized for product development and key commercial hires. As the first innovation to be easily integrated with standard printing methods, Quantum Base’s IPO is poised to establish a new global standard in authentication technology.
Quantum Base: Pioneering a New Era in Authentication Technology
In a groundbreaking development, Lancaster University spinout Quantum Base has announced its intention to float on the AIM market of the London Stock Exchange, seeking to raise £3M to £5M from new institutional and other shareholders. This move marks a significant milestone for the company as it aims to revolutionize authentication technology through its patented Quantum Identity (Q-ID®) solution.
Counterfeiting is pervasive, costing businesses and tax authorities at least $2.8 trillion in lost revenue annually. Traditional solutions such as holograms, taggants, and security inks are often susceptible to replication and expensive to produce. Quantum Base’s Q-ID® offers a viable alternative, leveraging the principles of quantum physics to create virtually unclonable tags that can be applied to a wide range of products.
The Solution: Quantum Identity (Q-ID®)
Developed by Lancaster Physics Professor Rob Young and his team, Q-ID® harnesses randomness at the atomic level, ensuring a virtually infinite number of combinations. This makes it nearly impossible to replicate or clone, providing robust security for global brands, governments, and consumers.
One of the key advantages of Q-ID® is its ease of integration with common printing methods and quick authentication using smartphone technology. This makes it accessible and cost-effective for widespread adoption across various industries, including tax stamps, postage stamps, banknotes, clothing, luxury goods, pharmaceuticals, aerospace parts, and more.
Quantum Base’s commercialization drive is based on a “design and license” model. The company has already signed two framework agreements with leading security printers. It is confident of its potential to create high-value jobs, drive regional economic development, and reinforce the UK‘s position as a leader in the global quantum technology sector.
As Quantum Base prepares for its IPO, it looks forward to welcoming new investors and continuing its journey towards establishing a new global standard in authentication technology. The company’s founders are optimistic about the potential of Q-ID® to benefit society by protecting industries, governments, and consumers from the damaging impacts of counterfeiting.
A University Success Story
Quantum Base serves as a prime example of university-driven innovation contributing to economic growth. Its impending IPO underscores Lancaster University’s role in fostering public-private partnerships, turning research into practical solutions that drive economic growth both regionally and nationally. The university is committed to commercializing its research, with Quantum Base being just one of many emerging success stories.
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