Quantum Cyber Claims That Recent Short Report Makes Materially Misleading Characterizations Of Its Capital Structure, Business Strategy And

Quantum Cyber N.V. (NASDAQ: QUCY ) ("Quantum Cyber" or the "Company"), a Nasdaq-listed autonomous defense technology company assembling an AI-powered System-of-Systems platform for drone warfare, counter-UAS, and border security applications, today responded to a recently published short-seller report (the "Short-Seller Report").

The Company believes the Short-Seller Report contains materially misleading characterizations of its capital structure, business strategy, and technology relationships, and is providing the following clarifications so that shareholders have accurate, sourced information.

The Short-Seller-Report was made by a short-selling institute recently sued by a Nasdaq-traded company for $20M for similar actions.

The Company notes that reports of this nature are typically published by parties that hold, or stand to benefit from, a short position in the subject company’s securities, and that such parties are financially incentivized by a decline in the share price.

The Company encourages all shareholders to rely on its filings with the U.S.

Securities and Exchange Commission ("SEC") and its official disclosures.

Capital Structure Is Fully Disclosed and Subject to Shareholder Approval The Short-Seller Report inaccurately characterizes the Company’s capital structure as containing a "hidden" share count.

The convertible preferred securities referenced therein, and their potential conversion into ordinary shares, are fully described in the Company’s public filings with the SEC and in the Company’s prior press releases.

This information is publicly available and has been disclosed.

The $6,000,000 referenced in the Short-Seller Report represents capital that David Lazar, the Company’s Chief Executive Officer, has invested into the Company to fund its operations and growth strategy, capital that aligns his interests with those of shareholders rather than positioning him as a seller.

As an officer and director, Mr.

Lazar is subject to Section 16 of the Securities Exchange Act of 1934, to applicable insider-trading laws and trading-window restrictions, to public reporting requirements, and to Rule 144 affiliate resale restrictions.

Any transaction by Mr.

Lazar in the Company’s securities would be publicly reported and legally constrained.

The "insider dump" narrative advanced in the report is inconsistent with these facts.

The Company further reiterates that, following the full exercise of its outstanding warrants, it received gross proceeds of over $15,000,000, that those funds were added to the Company’s balance sheet, and that the Company’s capitalization table is debt-free.

Business Strategy: Quantum-Accelerated AI Applied to Autonomous Defense The Short-Seller Report suggests the Company’s name and business plan indicate an incoherent strategy.

However, the Company’s intentions is straightforward: quantum-accelerated artificial intelligence and autonomous systems are converging, and that convergence has direct application to modern defense.

Quantum Cyber is assembling a multi-domain, System-of-Systems platform that integrates drone warfare, counter-UAS, autonomous naval mine countermeasures, EMP shielding, anti-drone ammunition, command-and-control, and quantum antenna applications under a single Nasdaq-listed company.

Mainz Biomed N.V. served as the Company’s public listing vehicle; the Company has since redirected its focus and resources toward autonomous defense technology.

This strategic direction is evidenced not by branding but by concrete, documented action, including the Company’s slate of patent filings with the U.S.

Patent and Trademark Office covering an autonomous naval mine countermeasure system, EMP-shielded drone components, a counter-UAS projectile, integrated swarm defense, a coaxial dual-propellant system, and a quantum-navigated amphibious autonomous platform.

These filings reflect the Company’s investment in a true technology portfolio aligned with U.S. national security priorities.

The BP United Relationship The Short-Seller Report questions the legitimacy of BP United Inc. ("BP United") on the basis of information displayed on its website.

BP United is a developer and manufacturer of autonomous unmanned vehicle systems.

The pricing observed on its public-facing e-commerce interface reflects the fact that these defense-oriented products are not yet authorized for open commercial sale, not that the business is inactive or non-existent.

The Company’s relationship with BP United has, moreover, deepened rather than remained static.

As previously announced, the Company and BP United executed a First and a Second Amendment to their Intellectual Property License Agreement under which Quantum Cyber assumed direct responsibility for the manufacturing of licensed drone products, with BP United providing ongoing technical assistance.

In connection with that expansion, BP United executed a voting agreement aligning its interests with the Company’s long-term platform strategy.

Project LightShift and the Company’s Licensed Quantum Photonic Technology The Short-Seller Report speculates that "Project LightShift" and its associated quantum technology are fabricated, and questions the quantum credentials of the individuals associated with it.

The public record does not support that speculation.

The Company executed a definitive Intellectual Property License Agreement in June 2026 securing exclusive worldwide rights to patent-protected quantum photonic array technology for defense drone applications.

With respect to Dr.

Wolf Kohn, the individual identified in the Short-Seller Report, the public record establishes substantial and directly relevant credentials.

Dr.

Kohn received his M.S. and Ph.D. in Electrical Engineering and Computer Science from the Massachusetts Institute of Technology.