Redwood AI Corp. (CSE: AIRX) (OTCQB: RDWCF) (Frankfurt: Y0N) (WKN: A422EZ) announced it has entered into a non-binding letter of intent to explore the acquisition of Vancouver-based Quantum.IQ, an AI-driven quantum cybersecurity company focused on helping organizations prepare for emerging quantum-enabled cyber threats. Quantum.IQ’s post-quantum cryptography platform is designed to assist government, defense, financial services and critical infrastructure organizations in assessing cryptographic vulnerabilities, planning migration to quantum-resistant security systems and monitoring ongoing cybersecurity readiness.
Under the proposed transaction, Redwood would acquire all outstanding shares of Quantum.IQ in exchange for up to 14 million Redwood common shares, including milestone-based consideration, with all shares subject to a staged escrow release schedule over 24 months. The acquisition remains subject to due diligence, definitive agreements, regulatory approvals and other customary closing conditions. Redwood said the addition of Quantum.IQ could expand its capabilities in cryptographic intelligence, quantum-readiness assessment and cybersecurity planning, complementing its broader focus on artificial intelligence and advanced computational technologies.
This move comes as quantum computing advances threaten to break current encryption standards, making post-quantum cryptography a critical area for national security and corporate data protection. Quantum.IQ’s platform addresses the urgent need for organizations to assess their cryptographic exposure and plan for a transition to quantum-resistant algorithms. For Redwood, which uses AI to accelerate chemistry R&D and drug discovery, the acquisition would diversify its technology portfolio into the high-growth cybersecurity sector.
The announcement highlights the growing convergence of AI and quantum security, with Redwood leveraging its AI expertise to enhance Quantum.IQ’s threat detection and migration planning tools. The deal also positions Redwood to serve government and defense clients, which are among the most vulnerable to quantum-enabled cyber attacks. For more details, view the full press release at https://ibn.fm/D0lb6.
Redwood AI Corp. uses advanced artificial intelligence to accelerate chemistry R&D, with the aim of assisting in drug discovery and development, and furthering defense and safety solutions. The Company combines expertise in chemistry, AI, and manufacturing to streamline drug synthesis and scale-up. Redwood AI’s platform is designed to enable faster, more efficient development of new therapies and chemistry-driven applications. More information is available at https://redwoodai.com/.
