🔒Drone company signs letter of intent to buy Bridgeport manufacturing facility

A Florida-based defense technology company has signed a letter of intent to acquire an industrial property in Bridgeport, which it says would anchor a U.S.-based manufacturing operation for autonomous drone systems. Quantum Cyber N.V. announced Monday that its subsidiary, Quantum Drones Corp., has entered into the non-binding agreement to purchase the property and its installed manufacturing equipment from Arcade Technology LLC for $3.2 million. The manufacturer’s facility at 38 Union Ave. has a footprint of roughly 43,000 square feet. The letter of intent proposes a 30-day due diligence period following execution of a definitive purchase agreement, during which Quantum Drones may terminate the deal for any reason without penalty. The company said the site’s equipment — including stamping presses, CNC machining centers, lathes, milling machines, surface grinders and metal fabrication tooling — would support in-house production of drone airframe components and structural assemblies. Quantum Cyber described the proposed acquisition as a step toward becoming a vertically integrated manufacturer of autonomous defense systems, with plans to eventually add drone assembly workshops, printed circuit board production lines and quality assurance infrastructure. “We are not just building an IP portfolio,” CEO David Lazar said in a statement. “We are aiming to build the production infrastructure to manufacture autonomous defense systems at the scale the Pentagon and our government customers require.” The company cited the Trump administration’s Executive Order 14307, which directs the acceleration of domestic drone production, as well as the Defense Department’s fiscal year 2027 budget request, which allocates roughly $55 billion toward drone and autonomous warfare programs. Quantum Drones is led by Peter O’Rourke, who served as acting secretary of the Department of Veterans Affairs under the Trump administration, and Robert Liscouski, a former assistant secretary for infrastructure protection at the Department of Homeland Security. Quantum Cyber was formerly known as Mainz Biomed N.V., a German-based cancer diagnostics firm that changed its name and shifted its focus to autonomous defense technology in early 2026. Its 2025 annual report shows the company posted a net loss of about $12.8 million last year and carried an accumulated deficit of roughly $110.6 million. Auditors flagged “substantial doubt” about the company’s ability to continue as a going concern, and the report shows the company held just $2,743 in cash as of Dec. 31, 2025. The company has not disclosed how it intends to finance the $3.2 million acquisition. Bridgeport city assessor records show the property, appraised at roughly $2.2 million in 2025, is currently owned by Arcade Realty LLC, an entity owned by William F. Rhone. According to LinkedIn, Bill Rhone is the owner of Arcade Metal Stamping, which has a Bridgeport address of 38 Union Ave. Quantum Cyber’s annual general meeting is scheduled for June 29 in Amsterdam, where shareholders will be asked to approve amendments to the company’s articles of association formally expanding its stated business purpose to include drone warfare and autonomous defense platforms. Quantum Cyber did not respond to a request for comment.