UK-based Quantum Base is set to list on the London Stock Exchange, aiming to raise £5 million to develop advanced security labels fighting counterfeit luxury goods.

Quantum Base, a technology company based in the United Kingdom, is reportedly preparing for a potential listing on the London Stock Exchange, as it seeks to combat counterfeit luxury items. The company, which originated from the University of Lancaster, is expected to file necessary documents for an initial public offering (IPO) on the junior AIM market as early as this week, according to sources familiar with the situation.

The company is aiming to raise approximately £5 million through this flotation, with the backing of notable investors. Quantum Base specializes in the development of security labels that operate similarly to QR codes and barcodes, but with a distinct advantage derived from quantum physics. By employing advanced techniques, the company creates unique identification tags that boast an atomic-level fingerprint. This unique fingerprint consists of billions of randomly arranged atoms, rendering the tags virtually impossible to replicate, as per the company’s assertions.

Quantum Base is currently utilizing these advanced security tags to prevent counterfeit reproduction of essential government documents, such as passports. In addition to this application, the firm is actively marketing its innovative products in the luxury goods market, targeting counterfeit issues related to high-end watches, jewellery, and handbags. The company’s initiatives represent a significant effort within the tech industry to address the ongoing challenges posed by counterfeit merchandise in various sectors.

Source: Noah Wire Services