IN BRIEF: Delta Gold announces new sponsorship deal with Penn State

Delta Gold Technologies PLC - developing intellectual property aimed at the quantum computing space that can be licensed globally - Announces research sponsorship and exclusive technology licensing agreement with Penn State University in Pennsylvania, US. Delta will sponsor a first year research programme estimated to be up to USD997,142 which will be paid to Penn State on a cost reimbursement basis. "The research will extend existing work on gold-based quantum technologies with the aim of generating valuable intellectual property," Delta says. The total cost reimbursable contract is for up to around USD3.0 million over three years.

In return for funding the programme, Delta will receive from Penn State an exclusive, sublicensable, royalty-bearing licence to any resulting intellectual property which permits the company to make, have made, use, import, offer for sale, and sell products in all fields except human health.

Delta Chief Executive Officer Michael Jones says: "We are very excited to work with Penn State, a top American university with extraordinary abilities in materials science and engineering. Amazingly, independently they were investigating the properties of nano scale gold and other materials for quantum computing at the same time as our work that is on-going at University of Toronto with similar materials. Signing an agreement with Penn State adds to our portfolio of potential IP and is a direct execution step of our mission to establish a "Centre of Excellence" in quantum computing research. The opportunity for top universities to collaborate is extremely exciting in the developing field."

Current stock price: 30.50 pence each on Aquis Exchange in London

12-month change: up sharply from IPO price of 10p on December 1, 2025

By Tom Budszus, Alliance News slot editor

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