Quantum eMotion Corp. (QNC) has agreed to acquire 100% of SKV Technology Inc., owner of the SecureKey™ platform previously developed by Jet Lab Technologies. The transaction combines Quantum eMotion's Sentry-Q QRNG-powered orchestration platform with SecureKey™'s cryptographic enforcement capabilities, creating an integrated quantum-resilient cybersecurity solution designed to address emerging threats from quantum computing advances.
The acquisition structure includes upfront consideration alongside performance-based compensation, with milestone-based earn-out payments potentially reaching C$7 million and royalties of up to $15 million over a five-year period. This arrangement ties future payments to defined operational and commercial milestones, aligning incentives between the acquiring and selling parties.
The transaction is anticipated to close on or about March 2, 2026, subject to customary closing conditions. The combined offering represents Quantum eMotion's strategy to develop comprehensive quantum-safe security solutions as organizations increasingly focus on preparing their infrastructure for quantum computing's potential impact on current encryption standards.