Quanome Technologies (NASDAQ: QNME) has secured its first major enterprise customer agreement for artificial intelligence computing services, with an initial contract valued at approximately $100.9 million over five years.

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The agreement, signed through its subsidiary XDT Infrastructure, represents a significant step in the company's effort to establish itself as a provider of AI computing infrastructure.

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Under the agreement, XDT will provide dedicated computing capacity that allows its customer to run AI applications remotely without purchasing and maintaining expensive computing equipment. More specifically, the service focuses on AI inference, which is the process of using an already-trained AI model to analyze information, answer questions, or perform other tasks.

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As more companies incorporate AI into their operations, demand for the computing power needed to run these applications continues to grow. According to U.S. Census Bureau data cited by Quanome, between 17% and 20% of American businesses were using AI between December 2025 and May 2026, while as many as 23% expected to use it within the following six months.

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Building a recurring revenue business

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The agreement runs for 60 months, beginning when the computing infrastructure is ready to provide services. Based on the approximately $100.9 million commitment, that works out to roughly $20.2 million annually, assuming the contract proceeds as planned.

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The customer, XPERT Software Solutions, has also agreed to approximately $45 million in advance payments tied to equipment procurement milestones. Quanome expects services to begin within approximately two months, subject to operational conditions.

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The company is also expanding its physical infrastructure. It recently entered into an agreement to purchase 32 additional GPU server units for approximately $18.8 million.

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These specialized servers are designed to handle the intensive calculations required by AI applications. The equipment is expected to be delivered to a U.S. data center.

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Worth noting: the latest purchase follows an earlier agreement for another 32 GPU server units, bringing the company's announced equipment purchases to approximately $37.6 million.

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