Quantum Base Holdings Plc — Quantum Base awarded UKRI Grant

(LSE:QUBE) Quantum Base Holdings plc has been awarded a £0.7 million non-dilutive UKRI Future Leaders Fellowship grant. The grant will fund a four-year research programme running from 1 November 2026 to 31 October 2030. There is a potential for a three-year extension to the programme. The grant is expected to recover approximately 70% of the cost of a dedicated research team that is already included in the Group's cost base. This funding will reduce net operating costs for the company. The grant will also enable increased investment into innovation. The programme aims to secure company-owned intellectual property (IP). The secured IP is intended to broaden the addressable markets for Q-ID® across new substrates and applications. The grant is non-dilutive, meaning it does not require the issuance of new shares. The funding is provided by UK Research and Innovation (UKRI) under the Future Leaders Fellowship scheme. The research team supported by the grant is already part of the company's existing cost structure. The company expects the grant to have a positive impact on its financial position by offsetting operating expenses. The focus on innovation and IP is designed to support the company's growth strategy. The grant is specifically targeted at expanding the use of Q-ID® technology. The company anticipates that the grant will help secure a competitive advantage in new markets.