QSE Renews Enterprise Agreement with The Muthoot Group in India Covering Approximately 14,000 User Licenses

Executive Summary

• QSE announced the renewal of its enterprise agreement with The Muthoot Group in India, covering approximately 14,000 user licenses.
• The renewal reinforces QSE’s strategic focus on expanding its presence in the Indian financial‑services market and provides a platform for future upsell opportunities (additional licenses, new modules, multi‑year terms).
• Management highlighted the deal as a “milestone” and indicated that further contract expansions will be discussed throughout 2026, with updates expected in Q2–Q3.

Key Details

• Customer: The Muthoot Group – one of India’s largest financial‑services organizations.
• Scope: ~14,000 user licenses (seats) under the renewed agreement.
• Geography: Indian market; enterprise deployment across Muthoot’s organization.
• Strategic Impact: Strengthens QSE’s foothold in a highly regulated, security‑sensitive sector and supports its post‑quantum readiness platform adoption.
• Future Expansion Pathways Discussed:
• Potential increase in license volume.
• Adoption of additional QSE platform modules (e.g., quantum preparedness assessments, entropy/key delivery services, API integrations).
• Possibility of a multi‑year contract alignment.
• Timeline for Further Updates: Discussions to continue throughout 2026 with anticipated disclosures in the second and third quarters.
• Management Commentary: CEO Ted Carefoot called the renewal an “important milestone” and emphasized Muthoot’s validation of QSE’s technology, noting it as a foundation for broader market awareness across India.

Notable Quotes

“This renewal, covering approximately 14,000 user licenses, represents an important milestone as we continue to strengthen QSE's presence in the Indian market.” – Ted Carefoot, CEO

All boilerplate, forward‑looking disclaimer, and company background sections have been omitted for brevity.