Quantum leap, Quantum Cyber secures a $2 million purchase orders

Quantum Cyber N.V. (Nasdaq: QUCY) shares rose 4% on Thursday following the company’s announcement of approximately $2 million in purchase orders at its wholly owned subsidiary, Quantum Drones Corporation.

The purchase orders totaled approximately $2.09 million and were received as part of Quantum Cyber’s acquisition of a 50,000 square foot manufacturing facility, according to the company. Quantum Drones Corporation assumed these open purchase orders as part of the transaction.

The acquisition is intended to support the company’s transition toward direct, U.S.-based manufacturing of its autonomous defense platforms. Quantum Cyber describes itself as an autonomous defense technology company developing an AI-powered System-of-Systems platform for drone warfare, counter-UAS, and border security applications.

The manufacturing facility is expected to serve as an anchor for the company’s future growth in domestic production capabilities.