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.
Read Also: Quantum Cyber Targets GPS Jamming With New Autonomous Defense Patent 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.
