Business UpdateMay 11, 2026, 07:33 AM
Inspira Technologies to become QTREX Quantum; AME platform generates $1M+
AI Summary
Inspira Technologies OXY B.H.N. Ltd. announced a strategic transformation, including a name change to QTREX Quantum Ltd., to focus on its Additively Manufactured Electronics (AME) platform and quantum connectivity. The AME platform has already generated over $1 million from recent transactions, including deployments with a Tier-1 U.S. defense customer and a "Magnificent Seven" U.S. technology company. The company is also actively working to monetize its medical business, aiming for a formal term sheet by Q3 2026, while reducing its burn rate and reallocating capital.
Key Highlights
- Shareholders approved changing company name to QTREX Quantum Ltd.
- AME platform generated over $1 million from recent transactions, mostly cash received.
- Deployed a commercial AME system at a Tier-1 U.S. defense customer.
- Commenced AME implementation process with one of the "Magnificent Seven" U.S. technology companies.
- Signed joint development agreement with Qarakal Quantum Ltd. to advance quantum connectivity.
- Targeting a formal term sheet for medical business monetization by end of Q3 2026.
- INSPIRA ART100 is FDA-cleared and has been used clinically in over 40 patients.
- Terminated ATM and SEPA facilities in March 2026 to ensure a cleaner capital structure.