Codeifai wraps acquisition of encrypted transfer tech from Credissential, to be named QuantumAI

Codeifai Limited (ASX:CDE) has this week completed its acquisition of Antenna Transfer technology from partner Credissential, with a rebranding to “QuantumAI Secure” now on the cards for the encryption tech.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

Disclaimer: This content has been prepared as part of a partnership with Codeifai Ltd and is intended for informational purposes only.

The tech it’s purchasing from Credissential offers highly-secure software optionality to handle sensitive and confidential matters; QuantumAI’s platform includes “advanced post-quantum cryptographic techniques… designed to be resistant to both classical and future quantum computing-driven cyber threats.”

CDE is paying a total of A$1.15 million in its own shares to Credissential, as well as some $150,000 in cash. “The shares issued to Credissential are subject to voluntary escrow provisions, with one-third released upon the closing of the Transaction, one-third after three months, and the final one-third after six months from the completion date,” CDE told shareholders on Monday.

“Looking forward, the Quantum AI Secure acquisition enables Codeifai to greatly expand opportunities to explore a range of new market opportunities, such as Security, Defense, Mining, Agriculture, to name a few.”

Codeifai, formerly YPB Group, continues to expand its market presence; notably, it entered a kind of partnership with Australian tech darling Canva in August last year.

CDE last traded at 0.9cps.

Join the discussion: See what HotCopper users are saying about Codeifai Ltd and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.