Redwood AI Completes Acquisition of Quantum.IQ Technologies, Bolstering Quantum Cybersecurity Portfolio

Redwood AI Corp. (CSE: AIRX) (OTCQB: RDWCF) (Frankfurt: Y0N) (WKN: A422EZ) has announced the completion of its acquisition of all issued and outstanding shares of Quantum.IQ Technologies Inc., a Vancouver-based quantum cybersecurity company. The acquisition positions Redwood to address the growing need for organizations to prepare their encryption systems for future quantum-enabled cyber threats.

Quantum.IQ is now a wholly owned subsidiary of Redwood, expanding the company's technology base with capabilities focused on cryptographic visibility, quantum-readiness assessment, and security infrastructure planning. The company's Post-Quantum Cryptography (PQC) platform is designed for high-security organizations in government, defence, financial services, and critical infrastructure. It supports cryptographic asset discovery, Cryptographic Bill of Materials creation, standards alignment, vulnerability management, migration planning, continuous monitoring, and executive-level reporting.

As consideration for the acquisition, Redwood issued up to 14,033,558 common shares at a deemed price of $2.98 per share, including 7,033,558 shares subject to staged escrow over 24 months and up to 7 million additional shares held in milestone escrow tied to specified customer and revenue criteria. The company also issued 50,000 shares as an administrative fee and 100,000 shares as a finder's fee.

This acquisition comes at a critical time as quantum computing advances, posing a significant threat to current encryption methods. Quantum.IQ's PQC platform enables organizations to assess their cryptographic assets and develop migration strategies to post-quantum standards, thereby mitigating the risk of data breaches. The integration of Quantum.IQ's technology into Redwood's portfolio aligns with the company's broader mission to leverage advanced technologies for defence and safety solutions.

Redwood AI Corp. uses advanced artificial intelligence to accelerate chemistry R&D, with the aim of assisting in drug discovery and development, and furthering defence and safety solutions. The company combines expertise in chemistry, AI, and manufacturing to streamline drug synthesis and scale-up. The addition of Quantum.IQ's cybersecurity capabilities complements Redwood's existing strengths, potentially enabling more comprehensive solutions for clients in high-security sectors.

The completion of this acquisition underscores Redwood's commitment to staying at the forefront of technological innovation. By incorporating quantum-resistant security measures, the company is better equipped to support organizations in safeguarding their data against future threats. This strategic move is likely to enhance Redwood's competitive position in the market and open new avenues for growth.

For more information on Redwood AI and its latest updates, visit the company's newsroom at https://ibn.fm/RDWCF.