Quantum Base Holdings PLC (AIM: QUBE), the UK-based quantum science company developing authentication technology powered by its patented Q-ID® solution, has announced that Non-Executive Chairman Mark Fahy will step down from the Board following the conclusion of the company's Annual General Meeting on 20 November 2026. Fahy is departing to focus on other professional endeavours, and the company has confirmed it has commenced a formal search for a replacement Non-Executive Chairman. The board change comes as Quantum Base describes itself as progressing from IPO into commercial deployment of its Q-ID® technology, a stage investors will be monitoring closely.

Key Points

  • Quantum Base Holdings PLC (AIM: QUBE) is a UK-based quantum science and authentication technology company
  • Non-Executive Chairman Mark Fahy will leave the Board after the AGM on 20 November 2026 to pursue other professional endeavours
  • The company has formally commenced a search for a new Non-Executive Chairman; no timeline or successor has been disclosed
  • Investors should watch for the company's update on the new Non-Executive Chairman appointment and any related governance commentary

Mark Fahy Departs Quantum Base Board After Guiding Company Through IPO to Commercial Deployment

Mark Fahy's tenure as Non-Executive Chairman covered a significant period in Quantum Base's development, spanning its journey from initial public offering through to the commercial deployment phase of its Q-ID® authentication technology. CEO Tom Taylor acknowledged Fahy's contribution, stating in the announcement that his experience, perspective, and support had been greatly appreciated during this period. Fahy himself noted growing commercial interest in the company's technology and increasing recognition of the underlying scientific research, describing the company as well positioned for the future. The company did not disclose the length of Fahy's tenure in the announcement.

Quantum Base's Q-ID® Technology Targets Global Anti-Counterfeiting Market Across Multiple Sectors

Quantum Base develops authentication solutions designed to combat counterfeiting at scale. Its core Q-ID® product consists of patented authenticity tags that harness randomness at the atomic level, producing combinations the company describes as practically impossible to replicate using even the most advanced available technology. The tags can be applied to almost any print line without altering a product's existing design, making them suitable across a broad range of end markets. Authentication is performed using unmodified smartphone technology, enabling adoption by global brands, governments, and consumers without requiring specialist hardware.

Q-RAND® Quantum Random Number Generator Reaches Prototype Stage Alongside Core Q-ID® Business

Beyond its flagship Q-ID® authentication solution, Quantum Base is also developing Q-RAND®, a nanoscale quantum random number generator that the company states has reached prototype stage. This secondary technology line represents an additional area of development for the group, though the announcement provides no commercial timeline, revenue figures, or milestone targets associated with Q-RAND®. The company did not disclose financial metrics, revenue guidance, or contract details in this announcement, which focused solely on the board change.

Formal Search for New Non-Executive Chairman Begins as Quantum Base Eyes Next Growth Phase

Quantum Base has confirmed that a formal process to appoint a new Non-Executive Chairman is underway, with CEO Tom Taylor indicating the board seeks a candidate capable of supporting the next phase of the company's growth. No candidate names, timescales, or selection criteria were disclosed in the announcement. The company stated it will update shareholders in due course. For investors, the primary near-term focus is likely to be the identity and credentials of the incoming chairman, alongside any further developments in the commercial rollout of Q-ID® technology.