Quantum eMotion to Buy SKV Technology Assets
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Quantum eMotion (QNC) has agreed to acquire key technology assets from SKV Technology, a California-based cybersecurity firm. The deal includes the SecureKey platform and involves milestone-based earn-out payments of up to $7 million, along with royalties of up to $15 million over five years. Jason Thomas, founder of SKV, will join Quantum eMotion in an executive role. The transaction is expected to close around March 2. QNC shares rose by $0.07 to $5.00 on the TSX Venture Exchange.
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