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CENTENNIAL, Colo. & MIAMI - Quantum Corporation (NASDAQ:QMCO) and Entanglement, Inc. have signed a Memorandum of Understanding to develop a Regionalized AI Data Storage service designed to enhance data sovereignty and provide post-quantum secure infrastructure, according to a press release statement.
The collaboration will focus on creating the Entanglement Storage Platform (ESP), which aims to integrate post-quantum encryption into Quantum’s storage solutions while enabling Entanglement’s quantum logic and AI algorithms to utilize unused compute capacity across Quantum’s distributed storage clusters. With a beta of 2.67, Quantum Corporation shows significantly higher volatility than the broader market, according to InvestingPro data, which offers 12 additional key insights about the company’s performance.
The companies plan to debut ESP at Entanglement’s West Palm Beach, Florida data center, where the platform is expected to demonstrate secure AI dataset integration capabilities connecting regional computing infrastructure across North America, the Middle East, Africa, and Europe.
"Integrating our quantum logic with Quantum’s storage fabric transforms idle data into active intelligence," said Jason Turner, Chairman and CEO of Entanglement, Inc. in the statement.
Hugues Meyrath, CEO of Quantum Corporation, noted that the collaboration "strengthens our ability to serve customers operating at the intersection of AI, security, and compliance."
The companies indicated they plan to offer demonstrations of the ESP and integrated post-quantum encryption capabilities in 2026, with global deployment expected to follow.
Quantum Corporation specializes in data management solutions for AI applications and data-intensive workloads, while Entanglement develops quantum-inspired AI and advanced computing architectures.
The announcement comes as organizations increasingly seek secure infrastructure solutions for AI deployments that can address data sovereignty concerns and prepare for potential security threats from quantum computing advances.
In other recent news, Quantum Corporation announced preliminary unaudited financial results for its fiscal second quarter, with expected revenue of approximately $62.5 million, reaching the high end of its previously guided range. The company reported a preliminary GAAP gross margin of about 37.5% and GAAP operating expenses of approximately $32 million for the quarter. Additionally, Quantum has entered into a definitive agreement to restructure about $52 million of outstanding term debt held by Dialectic Technology SPV LLC and other lenders. This agreement allows the debt to be exchanged for senior secured convertible notes with a three-year maturity, removing existing financial covenants.
Quantum also announced the appointment of Geoff Barrall as its new Chief Product Officer. Barrall brings extensive experience in enterprise storage and data management to the role, having previously served as Chief Product Officer at Index Engines. These developments come after Quantum’s first-quarter earnings call, which revealed that the company missed both earnings per share and revenue forecasts. In light of these changes, analyst reactions and future projections remain a key focus for investors.
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