Quantum Cyber subsidiary signs deals for Bridgeport manufacturing site
Quantum Drones Corporation agreed to buy a Connecticut facility and its equipment for $3.2 million, part of Quantum Cyber's shift toward domestic defense manufacturing.
Quantum Cyber N.V. (Nasdaq: QUCY) announced on June 29, 2026 that its subsidiary Quantum Drones Corporation signed definitive agreements to acquire real property and installed manufacturing equipment at 38 Union Avenue in Bridgeport, Connecticut, from Arcade Realty LLC and Arcade Technology LLC for combined consideration of $3,200,000.1
The deal follows an earlier step: the agreements build on a Letter of Intent announced June 8, 2026, and mark a step in the company's stated shift from a technology development and IP licensing model to becoming a vertically integrated autonomous defense manufacturer with its own domestic production capacity.1 Completion remains subject to customary closing conditions.1
The property itself is described as roughly 50,000 square feet on about 1.09 acres in southeastern Bridgeport, with direct highway access to Interstate 95.1 The equipment being acquired includes a large installed inventory of metal-forming and machining assets.1
According to the underlying Form 8-K, the transaction is structured in two parts. Under an Asset Purchase Agreement dated June 26, 2026, Quantum Drones agreed to buy substantially all assets used in Arcade Technology's precision metal stamping and tool design and manufacturing business, operated under the "Arcade Metal Stamping" name, including inventory, intellectual property, contracts, and goodwill.1 Quantum Drones agreed to pay Arcade Technology $900,000 plus the value of usable inventory.1
Separately, under a Purchase and Sale Agreement, Quantum Drones agreed to buy the property from Arcade Realty LLC for $2,300,000, with a $300,000 deposit already placed in escrow.1 Closing of the property purchase is expected to occur simultaneously with closing of the asset purchase.1
Separately, the filing notes an unrelated amendment: on July 1, 2026, an amendment to the company's IP license agreement with BP United, Inc. replaced a cost-reimbursement provision with a one-time $1,000,000 cash payment tied to technical assistance.1
Written by readthrough’s AI from the linked primary sources and fact-checked against them automatically before publishing. Not investment advice.