Latest news with #BTQTechnologies
Cision Canada
05-08-2025
- Business
- Cision Canada
BTQ Technologies to Develop World's First Quantum-Secure Custody Treasury for Bitcoin, Ethereum and Other Digital Assets in Collaboration with QBits
BTQ Technologies and QBits have partnered to develop the world's first quantum-secure custody treasury infrastructure, leveraging the Quantum Canary Network as a public testnet and development roadmap for post-quantum blockchain security. The initiative integrates BTQ's proprietary CASH architecture with QBits' expertise in PQC integration and quantum hardware simulation, setting a new benchmark for institutional-grade digital asset protection against emerging quantum threats. Key technical milestones include QPoW integration testing in Q3 2025 and Falcon signature aggregation by Q4 2025, marking a significant step toward deploying quantum-resilient blockchain infrastructure. VANCOUVER, BC, Aug. 5, 2025 /CNW/ - BTQ Technologies Corp. ("BTQ" or the "Company") (CBOE CA: BTQ) (FSE: NG3) (OTCQX: BTQQF), a global quantum technology company focused on securing mission-critical networks, is pleased to announce the development of the world's first quantum-secure custody treasury infrastructure for Bitcoin, Ethereum, and other digital assets. This groundbreaking initiative is being co-developed with QBits, a Saudi-based quantum computing and technology company operating across the GCC region. At the heart of this initiative is the Quantum Canary Network, a public testnet and development roadmap co-developed by BTQ and QBits. The network will serve as the proving ground for the world's first quantum-secure treasury infrastructure, establishing the technical foundations for secure post-quantum custody of Bitcoin, Ethereum and other digital assets. The development roadmap includes technical milestones such as QPoW integration testing in Q3 2025 and Falcon aggregation proof-of-concept development by Q4 2025. BTQ will provide its quantum security technologies through commercial licensing agreements while maintaining focus on technology development and intellectual property creation. Key Highlights Quantum Canary Network as Treasury Enabler BTQ and QBits are building the Quantum Canary Network, the world's first public testbed for quantum-related Bitcoin Improvement Proposals (BIPs), cryptographic primitives, and consensus mechanisms. The network will form the basis for future quantum-secure treasury solutions. Joint Development and Technical Contributions BTQ and QBits are acting as co-developers and ecosystem enablers. BTQ brings its patented Cryptographically Agile Secure Hardware (CASH) architecture and post-quantum cryptographic IP, while QBits contributes expertise in PQC module integration, quantum hardware simulation, and crypto-agility acceleration. Technology Development Timeline The development roadmap includes: QPoW (Quantum Proof-of-Work) integration testing – Q3 2025 Falcon signature aggregation proof-of-concept – Q4 2025 "This quantum-secure treasury initiative represents a defining moment in our mission to deliver practical quantum advantage to the market," said Olivier Roussy Newton, CEO and Chairman of BTQ Technologies. "By implementing our proprietary quantum custody technology to protect our own digital asset holdings, we're demonstrating both the commercial readiness of our solutions and our confidence in the future of quantum-secure blockchain infrastructure. Our decision to combine treasury management with technology licensing to partners developing quantum-resistant chains, positions BTQ at the center of the industry's transition to post-quantum security." "Glad to collaborate with BTQ to advance PQC and quantum-secure infrastructure," said Eid Al Subaie, CEO of QBits. "Brisk will also support this journey with 25-photon boson sampling—exploring over ten duodecillion quantum states and achieving 15,000× classical efficiency, demonstrating real quantum advantage" Pioneering Quantum-Secure Custody Technology BTQ's quantum-secure custody solution employs the company's proprietary Cryptographically Agile Secure Hardware (CASH) architecture, delivering up to 1 million post-quantum cryptographic operations per second while maintaining ultra-low power consumption. This technology represents the current pinnacle of cryptographic security available in the market, providing protection against both classical and quantum computing threats through implementation of NIST-approved ML-DSA algorithms and NSA CNSA 2.0 standards. The treasury implementation leverages BTQ's decade of expertise in post-quantum cryptography, establishing a new benchmark for institutional-grade quantum security in digital asset management. This proactive approach ensures protection of treasury holdings as quantum computing capabilities advance rapidly across the industry. Strategic Vision and Licensing Model This initiative represents the first phase of BTQ's broader strategy to enable a quantum-secure transformation of the blockchain ecosystem. As part of this vision, BTQ will license its post-quantum IP—including consensus protocols, custody infrastructure, and hardware innovations—to institutions and networks developing quantum-resistant implementations of Bitcoin, Ethereum, and other major blockchains. Core innovations include: Quantum Proof-of-Work (QPoW) – An energy-efficient post-quantum consensus algorithm Falcon Aggregation – A high-speed, lattice-based signature scheme Hybrid Quantum-Classical Simulation and PQC Integration – Led by QBits to ensure real-world crypto-agility and performance Market Opportunity The global cryptocurrency market, valued at over $1.7 trillion, faces an existential threat from advancing quantum computing capabilities. Industry experts project that quantum computers capable of breaking current cryptographic standards could emerge within the next decade, creating an urgent need for quantum-secure solutions. BTQ's technology addresses this market opportunity while positioning the company to capture value across the broader digital asset ecosystem. Together, BTQ and QBits, are forging a new security paradigm for digital assets – built to withstand the quantum era. About Qbits Qbits is a technology company based in Saudi Arabia that specializes in the development of quantum technologies. It is focused on accelerating the growth of innovative technologies, including quantum computing and telecommunication, in order to improve people's lives. Quantum computing and telecommunication are emerging fields that have the potential to revolutionize a wide range of industries, from finance and healthcare to cryptography and machine learning. By providing cutting-edge solutions and services in these areas, Qbits is helping to drive the advancement of these technologies and make them more accessible to businesses and individuals. For more information please visit About BTQ BTQ Technologies Corp. (Cboe CA: BTQ | FSE: NG3 | OTCQX: BTQQF) is a vertically integrated quantum company accelerating the transition from classical networks to the quantum internet. Backed by a broad patent portfolio, BTQ pioneered the industry's first commercially significant quantum advantage and now delivers a full-stack, neutral-atom quantum computing platform with end-to-end hardware, middleware, and post-quantum security solutions for finance, telecommunications, logistics, life sciences, and defense. Connect with BTQ: Website | LinkedIn | X/Twitter ON BEHALF OF THE BOARD OF DIRECTORS Olivier Roussy Newton CEO, Chairman Neither Cboe Canada nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the business plans of the Company, including with respect to its research partnerships, and anticipated markets in which the Company may be listing its common shares. Forward-looking statements or information often can be identified by the use of words such as "anticipate", "intend", "expect", "plan" or "may" and the variations of these words are intended to identify forward-looking statements and information. The Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the development of post-quantum algorithms and quantum vulnerabilities, and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive. Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions and involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company's research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains); risks related to the direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain financing as required, and causing potential delays to research and development activities; and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Yahoo
08-07-2025
- Business
- Yahoo
BTQ Technologies Corp. Announces Brokered LIFE Financing of C$40 Million
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, BC and SEOUL, Korea, July 8, 2025 /CNW/ - BTQ Technologies Corp. (the "Company") (CBOE CA: BTQ) (FSE: NG3) (OTCQX: BTQQF), a global quantum technology company focused on securing mission-critical networks is pleased to announce a best efforts private placement, of 5,555,555 common shares of the Company ("Common Shares") at a price of C$7.20 per Common Share, for aggregate gross proceeds of C$40,000,000 (the "Offering"). A.G.P. Canada Investments ULC ("Agent") is acting as the sole bookrunner and agent for the Offering and A.G.P./Alliance Global Partners is acting as sole U.S. placement agent for the Offering. The Company plans to use the net proceeds for general corporate purposes, working capital and to accelerate the development of both hardware and software products and potential acquisitions. The Offering is scheduled to close on or about July 10, 2025 ("Closing Date"), and is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including of Cboe Canada Inc. The Company has agreed to pay the Agent a cash fee equal to 7% of the gross proceeds from the Offering. In addition, upon closing of the Offering, the Company has agreed to issue the Agent non-transferable broker warrants (each, a "Broker Warrant") equal to 2.5% of the total number of Common Shares sold pursuant to the Offering. Each Broker Warrant will be exercisable for one Common Share at a price of C$12.60 per Broker Warrant and is exercisable for a period of 60 months following the completion of the Offering. The Common Shares to be issued under the Offering will be offered to purchasers pursuant to the listed issuer financing exemption ("LIFE Exemption") under Part 5A of National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), in the provinces of British Columbia, Alberta and Ontario. The Common Shares offered under the LIFE Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws. The Common Shares may also be offered to persons in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")) pursuant to exemptions from the registration requirements under the and all applicable U.S. state securities laws, as well as outside Canada and the United States on a basis which does not require the qualification or registration of any of the Company's securities or require the Company to be subject to any ongoing disclosure requirements under any domestic securities laws. There is an offering document related to the LIFE Exemption portion of the Offering that can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Prospective investors should read this offering document before making an investment decision. The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act or under any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, a "U.S. person" absent registration or any applicable exemption from the registration requirements under the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About BTQ BTQ Technologies Corp. (Cboe CA: BTQ | FSE: NG3 | OTCQX: BTQQF) is a vertically integrated quantum company accelerating the transition from classical networks to the quantum internet. Backed by a broad patent portfolio, BTQ pioneered the industry's first commercially significant quantum advantage and now delivers a full-stack, neutral-atom quantum computing platform with end-to-end hardware, middleware, and post-quantum security solutions for finance, telecommunications, logistics, life sciences, and defense. Forward-Looking Statements: Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the timing of the closing of the Offering, the use of proceeds from the Offering, business plans of the Company, including with respect to its research partnerships, and anticipated markets in which the Company may be listing its common shares and its use of proceeds from the Offering. Forward-looking statements or information often can be identified by the use of words such as "anticipate", "intend", "expect", "plan" or "may" and the variations of these words are intended to identify forward-looking statements and information. The Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the development of post-quantum algorithms and quantum vulnerabilities, and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive. Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions and involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company's research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains); risks related to the general economic conditions, the ability to obtain financing as required, and causing potential delays to research and development activities; and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. The CBOE Canada does not accept responsibility for the adequacy or accuracy of the content of this Press Release. SOURCE BTQ Technologies Corp. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
10-06-2025
- Business
- Cision Canada
BTQ Technologies Announces Strategic Partnership with QPerfect to Achieve Quantum Advantage Using Neutral Atom Quantum Processors
BTQ Technologies and QPerfect have entered a strategic partnership to co-develop quantum-secure applications using neutral atom quantum computers, coinciding with QPerfect CEO Philippe Blot's participation in the France Quantum roundtable "How Emulators Can Accelerate Your Quantum Technology Adoption?", held under the High Patronage of President Emmanuel Macron and in the presence of French Minister for the Armed Forces, Sébastien Lecornu. The partnership merges BTQ's cryptographic and quantum algorithms expertise with QPerfect's advanced emulation and error correction capabilities, aiming to deliver fault-tolerant quantum algorithms for quantum-secure transactions, one-shot signatures, smart contracts, decentralized identity, quantum money, and secure communications. QPerfect will provide research resources and emulation tools, while BTQ will lead the quantum algorithm design and implementation of quantum-safe cryptographic protocols, with a formal implementation roadmap targeted by June 30, 2025. VANCOUVER, BC, June 10, 2025 /CNW/ - BTQ Technologies Corp. (the "Company") (CBOE CA: BTQ) (FSE: NG3) (OTCQX: BTQQF), a global quantum technology company focused on securing mission-critical networks, is pleased to announce that it has entered into an agreement with QPerfect, a leading neutral atom quantum computing company based in Strasbourg, to redefine the future of secure digital transactions. This groundbreaking partnership will co-develop next-generation, post-quantum secure technologies powered by neutral atom quantum computers. The collaboration combines BTQ's expertise in post-quantum cryptography and quantum algorithms with QPerfect's Quantum Logic Unit (QLU) —an accelerator for quantum error correction that translates high-level quantum circuits into highly optimized machine code tailored for neutral atom quantum processors. QPerfect is a pioneering quantum computing startup specializing in quantum emulation, quantum software, and quantum error correction, with a focus on neutral atom architectures. By harnessing its modular QLU, QPerfect bridges the gap between quantum algorithm design and real hardware execution, empowering researchers, developers, and end-users to accelerate the realization of industry-transforming quantum applications. The company's flagship product, MIMIQ, is a cutting-edge emulation platform that delivers unmatched speed, accuracy, and flexibility for testing quantum algorithms, surpassing the capabilities of both traditional quantum simulators and today's quantum computers. BTQ has pioneered research into quantum one-shot signatures — a quantum cryptographic primitive that will form the bedrock underlying secure quantum communication systems and the quantum internet. BTQ's work addresses critical vulnerabilities in digital transactions and blockchain systems by developing protocols that leverage self-destructing quantum keys and post-quantum secure verification mechanisms. The company's research team, comprising leading post-quantum cryptographers, has demonstrated practical applications of one-shot signatures in financial transactions, smart contracts, and decentralized identity management systems. Key objectives of the collaboration include: Joint design, development, and testing of practical quantum algorithms for quantum one-shot signatures, with a focus on efficient implementation on neutral atom hardware. Co-development of fault-tolerant, hardware-specific approaches to quantum one-shot signatures and associated applications that prioritize minimal use of quantum resources. Delivery of a blueprint and prototype for quantum one-shot signatures compatible with next-generation neutral atom quantum computers. Defined Roles Under the agreement, QPerfect will assemble a dedicated team of researchers and provide access to its leading quantum emulation tools, while BTQ will translate advanced cryptographic concepts into implementable quantum algorithms. Both parties will collaborate on project planning, patent applications, and scientific dissemination. Leadership Commentary Olivier Roussy Newton, CEO of BTQ Technologies, commented: "We are thrilled to join forces to accelerate the development of quantum advantage using neutral atom quantum processors. By combining BTQ's strengths in post-quantum cryptography and one-shot signature technology with QPerfect's world-class expertise in quantum software and hardware, we are marking a key milestone to achieve quantum advantage, opening the door to a new generation of applications, including quantum-secure transactions, advanced crypto and e-money solutions, and the next-generation quantum communications. This partnership marks a significant step forward in our mission to deliver practical, industry-transforming quantum solutions for the digital era.." Philippe Blot, CEO of QPerfect, added: "Formalizing our partnership with BTQ marks a turning point in applied quantum cryptography. This collaboration reflects QPerfect's commitment to enabling powerful real-world quantum applications through modular, fault-tolerant architectures—tailored here for BTQ's unique vision." Both parties aim to negotiate further implementation agreements by June 30, 2025. About QPerfect QPerfect is a French quantum computing company based in Strasbourg, specializing in quantum computing and quantum design automation. Founded in 2023, the deeptech company has received the i-Lab Grand Prix and provides powerful technology to enable researchers, developers, and manufacturers to realize the full potential of quantum computers. At the core of QPerfect's innovation is the Quantum Logical Unit (QLU), a multi-layered framework designed to accelerate quantum development. Its flagship product, MIMIQ, forms the first layer of the QLU and offers a cutting-edge platform that executes quantum algorithms with unmatched speed, accuracy, and flexibility, surpassing existing simulators and current quantum computers. For more information, please visit About BTQ BTQ was founded by a group of post-quantum cryptographers with an interest in addressing the urgent security threat posed by large-scale universal quantum computers. With the support of leading research institutes and universities, BTQ is combining software and hardware to safeguard critical networks using unique post-quantum services and solutions. Connect with BTQ: Website | LinkedIn ON BEHALF OF THE BOARD OF DIRECTORS Olivier Roussy Newton CEO, Chairman Neither Cboe Canada nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the business plans of the Company, including with respect to its research partnerships, and anticipated markets in which the Company may be listing its common shares. Forward-looking statements or information often can be identified by the use of words such as "anticipate", "intend", "expect", "plan" or "may" and the variations of these words are intended to identify forward-looking statements and information. The Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the development of post-quantum algorithms and quantum vulnerabilities, and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive. Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions and involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company's research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains); risks related to the direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain financing as required, and causing potential delays to research and development activities; and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Cision Canada
02-06-2025
- Business
- Cision Canada
BTQ Technologies Unveils Breakthrough Performance of CASH Architecture, Paving the Way for the Future of Quantum-Secure Devices
BTQ's CASH architecture delivers industry-leading cryptographic performance, processing up to 1 million digital signatures per second and executing encryption tasks up to 5x faster than competing solutions. CASH is compact, energy-efficient, and post-quantum ready, supporting both today's standard encryption and next-generation quantum-safe algorithms in a single, integrated system. With applications across payments, IoT, identity, and telecom, CASH positions BTQ Technologies at the forefront of securing global infrastructure against emerging quantum threats. VANCOUVER, BC, June 2, 2025 /CNW/ - BTQ Technologies Corp. (the "Company") (CBOE CA: BTQ) (FSE: NG3) (OTCQX: BTQQF), a global quantum technology company focused on securing mission-critical networks, is pleased to announce new performance benchmarks for its proprietary CASH (Cryptographically Agile Secure Hardware) architecture—demonstrating world-class speed, energy efficiency, and readiness for mass-market adoption in the era of quantum-secure technology. CASH is a revolutionary cryptographic architecture that brings together the core elements of secure hardware—memory, encryption, and digital signatures—into a unified, compact, and energy-efficient system. It's designed to protect digital devices and systems from both today's cyber threats and the rapidly approaching risks posed by quantum computing. Performance That Sets a New Standard Recent performance tests of the CASH architecture reveal significant advantages over traditional solutions: Up to 5x faster encryption processing (AES) compared to leading secure hardware. 1 million digital signatures per second, making it ideal for real-time verification and authentication. Ultra-low power consumption —less than a microjoule per cryptographic operation. Compact design, enabling integration into constrained environments like smart cards, IoT devices, and hardware wallets. "CASH is built for the future—faster, leaner, and capable of securing the world's data in a post-quantum world," said Olivier Roussy Newton, CEO of BTQ Technologies. "We've proven that top-tier cryptographic performance can be delivered in an architecture compact and efficient enough for widespread deployment." The rise of quantum computing poses a real and growing threat to traditional encryption. Enterprises and governments are already seeking quantum-resilient solutions—and BTQ's CASH architecture is engineered to meet this demand. CASH supports both today's widely used cryptographic standards (like AES and RSA) and next-generation post-quantum algorithms (such as those shortlisted by NIST). This dual capability makes it an ideal foundation for modern secure systems that need to operate safely both now and in the quantum future. Unlocking Market Opportunities CASH's performance opens new doors for BTQ Technologies across industries where security, speed, and efficiency are critical, including: Financial services and payments Telecom and 5G infrastructure Healthcare and identity authentication IoT and embedded devices As global interest in quantum-safe infrastructure accelerates, BTQ's innovations position it as a leader in one of the most critical technology transitions of our time. About BTQ BTQ was founded by a group of post-quantum cryptographers with an interest in addressing the urgent security threat posed by large-scale universal quantum computers. With the support of leading research institutes and universities, BTQ is combining software and hardware to safeguard critical networks using unique post-quantum services and solutions. Connect with BTQ: Website | LinkedIn ON BEHALF OF THE BOARD OF DIRECTORS Olivier Roussy Newton CEO, Chairman Neither Cboe Canada nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the business plans of the Company, including with respect to its research partnerships, and anticipated markets in which the Company may be listing its common shares. Forward-looking statements or information often can be identified by the use of words such as "anticipate", "intend", "expect", "plan" or "may" and the variations of these words are intended to identify forward-looking statements and information. The Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the development of post-quantum algorithms and quantum vulnerabilities, and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive. Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions and involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company's research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains); risks related to the direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain financing as required, and causing potential delays to research and development activities; and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Cision Canada
22-05-2025
- Business
- Cision Canada
BTQ Technologies Signs MOU with Quandela to Advance Quantum Proof-of-Work Protocols
BTQ and Quandela MOU: BTQ Technologies and Quandela have signed a Memorandum of Understanding (MOU) to jointly explore how photonic quantum computing can advance energy-efficient blockchain validation through BTQ's Quantum Sampling Proof-of-Work (QSPoW) protocol. Future Proofing Bitcoin: QSPoW is a Bitcoin-inspired quantum-secure and energy-efficient alternative to traditional PoW mining, aimed at preserving the integrity of the world's largest digital asset in the face of advancing quantum threats. Quantum Meets Blockchain: The collaboration focuses on leveraging Quandela's real and simulated boson-sampling data to test QSPoW's performance, with the goal of reducing the computational and energy demands of traditional Proof-of-Work systems. Path to Commercialization: If performance benchmarks are met, the companies will explore commercialization opportunities, including the potential integration of Quandela's Belenos quantum processor into future quantum-secure blockchain systems. VANCOUVER, BC, May 22, 2025 /CNW/ - BTQ Technologies Corp. (the "Company") (CBOE CA: BTQ) (FSE: NG3) (OTCQX: BTQQF), a global quantum technology company focused on securing mission-critical networks, is pleased to announce the signing of a Memorandum of Understanding (MOU) with Quandela SAS ("Quandela"), a pioneering French quantum computing company renowned for its NISQ-era photonic quantum computing platform. This collaboration marks a strategic step forward in evaluating how emerging quantum technologies can enhance blockchain systems. The partnership will center on BTQ's Quantum Sampling Proof-of-Work (QSPoW) protocol—a novel approach to blockchain validation that aims to significantly reduce energy usage while strengthening cryptographic security. Under the MOU, BTQ and Quandela will jointly explore several strategic areas. These include investigating real-world use cases for Quandela's photonic quantum computing platform, working together on the use of Quandela's boson-sampling technology—both simulated and real—through its Perceval cloud platform, and analyzing how this data performs in BTQ's Quantum Sampling Proof-of-Work (QSPoW) testnet. Based on the outcomes of this analysis, the two companies will also evaluate potential pathways for commercialization. Proof-of-Work (PoW) systems—like those used by Bitcoin—rely on massive computing power to validate transactions. BTQ's QSPoW replaces this with boson sampling, a quantum process where light particles (photons) pass through an optical network to generate hard-to-predict outcomes. These outcomes can serve as a quantum secure and energy-efficient alternative to traditional PoW, and because this problem is hard to solve on non-quantum computers, the protocol is resistant to power hungry ASIC devices. QSPoW also creates a path towards creating a quantum-safe store of value by incorporating properties of quantum mechanics into the PoW consensus algorithm, ensuring no quantum adversary will be able to control the network. This approach directly addresses the growing threat quantum technologies pose to digital assets like Bitcoin, a concern recently highlighted in BlackRock's amendment to its risk disclosure in its S-1 filing. While various actors in the Bitcoin community are taking steps to enable the uses of cryptographic algorithms that would be resistant to advanced quantum computers, there is no guarantee that new quantum-proof architectures will be built and appropriate transitions will be implemented across the network at scale in a timely manner; any such changes could require the achievement of broad consensus within the Bitcoin network community and a fork (or multiple forks), and there can be no assurance that such consensus would be achieved or the changes implemented successfully." - BlackRock, Inc. (2025). S-1 Registration Statement: iShares® Bitcoin Trust ETF. As quantum computers become more powerful, the security of Bitcoin comes under increasing threat. Today, Bitcoin relies on traditional cryptographic frameworks and Proof-of-Work to keep the network secure—approaches that future quantum machines may be able to break. BTQ's Quantum Sampling Proof-of-Work (QSPoW) is being developed as a next-generation solution that could help protect Bitcoin from these emerging risks, while also using far less energy than current mining methods. As part of the collaboration, Quandela will deliver datasets tailored to BTQ's technical requirements, which will include both simulated quantum data and experimental results where feasible. BTQ will use this data to conduct tests on its QSPoW testnet and will share its performance analysis with Quandela. Together, the two companies will also explore techniques to reduce errors in quantum processes and will assess how Quandela's Belenos quantum processor could be integrated into future versions of the QSPoW protocol. "This MOU reflects our shared ambition to advance real-world applications for quantum hardware and software," said Olivier Roussy Newton, CEO of BTQ Technologies. "We're excited to work with Quandela to rigorously test our QSPoW protocol and set the foundation for a new generation of blockchain security." Niccolo Somaschi, CEO of Quandela, added: "Partnering with BTQ highlights the versatility and promise of our photonic quantum platform. This collaboration is a great opportunity to demonstrate how quantum technologies can be used for emerging cryptographic protocols." The MOU outlines a framework for ongoing cooperation, information sharing, and public announcements of any meaningful scientific or commercial outcomes. About Quandela Founded in 2017, Quandela is a world leader in full-stack photonic quantum computing developing and commercializing quantum computers and software solutions. The quantum computing systems integrate a dedicated software stack to connect to high-performance computing centres and cloud platforms, to access a range of industrial applications, including energy, cybersecurity, and finance, showcasing the versatility of our unique technology. Featuring a modular, scalable, upgradeable, and energy efficient architecture, Quandela's mission is to deliver the first useful quantum computer to drive the quantum transformation to industry and society. For more information please visit About BTQ BTQ was founded by a group of post-quantum cryptographers with an interest in addressing the urgent security threat posed by large-scale universal quantum computers. With the support of leading research institutes and universities, BTQ is combining software and hardware to safeguard critical networks using unique post-quantum services and solutions. Connect with BTQ: Website | LinkedIn ON BEHALF OF THE BOARD OF DIRECTORS Olivier Roussy Newton CEO, Chairman Neither Cboe Canada nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the business plans of the Company, including with respect to its research partnerships, and anticipated markets in which the Company may be listing its common shares. Forward-looking statements or information often can be identified by the use of words such as "anticipate", "intend", "expect", "plan" or "may" and the variations of these words are intended to identify forward-looking statements and information. The Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the development of post-quantum algorithms and quantum vulnerabilities, and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive. Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions and involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company's research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains); risks related to the direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain financing as required, and causing potential delays to research and development activities; and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
