Quantum eMotion to Acquire Plurilock Security

Insider Brief

• Quantum eMotion has entered a definitive agreement to acquire Plurilock Security in a proposed transaction that would expand QeM’s quantum-secure cybersecurity business with an established commercial platform.
• The proposed acquisition would add Plurilock’s enterprise and government customers, procurement channels, cybersecurity services, and AI-driven capabilities in risk analysis, authentication, and identity.
• The transaction remains subject to shareholder, court, regulatory and other approvals, with the companies expecting to close shortly after Plurilock’s anticipated November 2026 shareholder meeting if conditions are satisfied.

PRESS RELEASE — Quantum eMotion Corp. (“QeM” or the “Company”) (NYSE American: QNC; TSXV: QNC; FSE: 34Q0), a developer of quantum-secure cybersecurity technologies, and Plurilock Security Inc. (“Plurilock”) (TSXV: PLUR) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) on September 28, 2026 whereby QeM will acquire, either directly or indirectly through a wholly-owned subsidiary of QeM, 100% of the issued and outstanding Plurilock Shares by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”).