Mr. Olivier Roussy Newton reports

BTQ TECHNOLOGIES PROVIDES CORPORATE UPDATE HIGHLIGHTING QSSN, QCIM COMMERCIALIZATION, AND QPERFECT INTEGRATION

BTQ Technologies Corp. has provided a corporate update on market conditions, recent milestones and commercialization plans across its three core product pillars: quantum secure systems and networks, QCIM/hardware acceleration, and QPerfect/neutral atom platforms.

State of the quantum market

Government investment and regulation are accelerating across major jurisdictions. In the United States, NIST has finalized the first wave of postquantum cryptography standards, FIPS 203 for ML KEM, FIPS 204 for ML DSA and FIPS 205 for SLH DSA, which moves the market from selection to implementation. NSA and CISA have published the CNSA 2.0 glide path with concrete migration milestones for national security systems through the end of the decade. The U.S. regulatory community is also engaging the financial sector directly through the postquantum financial infrastructure framework submitted to the Securities and Exchange Commission , which provides a supervisor aligned playbook for upgrading critical rails and highlights tokenized deposits and stablecoin issuer controls as near-term priorities. Within this context, BTQ's quantum secure stablecoin network has been referenced by PQFIF as an example architecture for quantum secure settlement, reinforcing alignment with emerging supervisory expectations.

Europe is executing a co-ordinated road map for PQC adoption across member states and critical infrastructure while Korea and other Asia Pacific markets expand national quantum programs and public private pilot initiatives. Standards momentum is building through industry alliances. QuINSA, launched in 2024, is advancing de facto specifications in quantum communications and quantum secure digital money. BTQ chairs QuINSA's quantum communications working group, and QuINSA has adopted BTQ's quantum proof of work as its first consensus work item. QuINSA has also advanced BTQ's quantum secure stablecoin network as a global standards initiative, placing it on a path toward submissions to major bodies including ITU, ISO, ETSI and IEEE.

On the hardware front, neutral atom, photonic and superconducting programs continue to improve scale and stability while policy-makers emphasize near-term deployment of postquantum cryptography to mitigate harvest now decrypt later risk. Public market visibility is rising in tandem, with new quantum thematic ETFs, including the SamsungActive KoAct Global Quantum Computing ETF, broadening institutional exposure to companies executing standard-aligned, commercialization-ready road maps.

Where BTQ fits

BTQ's mandate is to deploy quantum today, not tomorrow. Quantum computers will sit alongside traditional high performance computing on the same Internet that already moves money, identity and access for critical systems. That trust exists because encryption and authentication are embedded in nearly every connected device. As quantum capability rises, the same cryptography that protects tens of trillions of dollars in digital value must be upgraded without breaking the infrastructure that depends on it.

The postquantum migration will be the most complex cryptographic transition to date. Cloud servers and browsers can adopt new algorithms through software updates, but the world runs on mobile devices, Internet of Things end points, 5G and 6G networks, data centres, and physically secure equipment in power grids and defence systems. These environments need high performance and tamper-resistant hardware that is flexible to evolving standards across regions. Without that foundation, new quantum computing benefits will collide with legacy security, and trust on the Internet will suffer.

BTQ addresses this challenge with a full stack platform across three pillars:

1. Quantum secure systems and networks (QSSN/digital assets): securing the digitization of the world's fiat money supply by providing a postquantum settlement layer mandated by regulators for the transfer and issuer controls for digital assets and stablecoins, a segment with high exposure to quantum risk;
2. QCIM hardware acceleration and secure elements: delivering crypto-agile quantum security to billions of interconnected devices with the most performant form factor so governments and companies can remain secure and adaptive to developments in cryptographic standards;
3. QPerfect/neutral atom platforms: critical building blocks and core technologies for advanced neutral atom emulation and control for the leading qubit modality, enabling customers to deploy fault tolerant quantum algorithms on highly scalable quantum hardware.

The platform is standards aligned and regulator ready. QSSN has been referenced in the postquantum financial infrastructure framework submitted to the SEC. BTQ also holds leadership roles within QuINSA, chairs the quantum communications working group and has QPoW recognized as the alliance's first consensus work item. This positioning allows BTQ to protect the Internet value that exists today while preparing customers to adopt quantum advantage as it becomes commercially relevant.

(1) Quantum secure systems and networks (QSSN/digital assets)

QSSN pilots with Danal and Finger Inc. Group

BTQ advanced two proof-of-concept deployments for the quantum secure stablecoin network in Korea, covering both commercial and banking channels. With Danal, Korea's leading mobile carrier billing provider, the program is evaluating how quantum secure settlement and issuer-level controls, such as minting and burning, velocity limits, and list management, can be added to existing payment rails while preserving consumer and merchant user experiences. With Finger Inc. Group, a leading banking solution developer serving major Korean banks, the program is introducing PQC services into partial banking networks to validate high-volume settlement in a regulated context. Together, these pilots form a repeatable blueprint for market-scale rollouts that maintain operational continuity while upgrading core controls and compliance.

BTQ Technologies unveils quantum stablecoin settlement network

BTQ Technologies launches QSSN proof of concept with Danal, Korea's mobile payments leader

BTQ Technologies announces QSSN deployment with Finger Inc. Group, alongside PQC Banking Services PoC

PQFIF recognition and QuINSA alignment

BTQ's QSSN was highlighted in the U.S. postquantum financial infrastructure framework as a model architecture for quantum secure tokenized deposits and settlement, and was advanced by the Quantum Industrial Standard Association as a global standards initiative. This recognition reinforces QSSN's regulator-aligned design focused on drop-in upgrades to issuer authentication paths without altering end-user workflows and strengthens interoperability discussions with issuers, custodians, market infrastructures and supervisors in multiple jurisdictions.

U.S. PQFIF highlights BTQ's QSSN for postquantum digital money; QuINSA unanimously advances QSSN as a global standards initiative

Quantum-safe bitcoin demonstration

The company released bitcoin quantum core 0.2, demonstrating end-to-end bitcoin operations, wallet creation, transaction signing, verification and mining using NIST-standardized ML-DSA signatures. The result establishes the feasibility of quantum safe functionality for the broader crypto economy and informs practical integration paths for wallets, exchanges and custodians. Coming milestones include a public testnet and third party security audit, followed by enterprise pilots, mainnet availability with migration tooling, and exchange and wallet integrations.

BTQ Technologies demonstrates quantum safe bitcoin using NIST standardized postquantum cryptography, protecting greater than $2-trillion market at risk

Quantum proof-of-work simulator and standards role

BTQ launched a publicly accessible QPoW simulator that showcases a classically verifiable, quantum native work function designed to future-proof consensus against quantum attacks while remaining compatible with classical nodes. QuINSA adopted QPoW as its first consensus work item and appointed BTQ to chair the quantum communications working group, positioning the company to help shape global standards for quantum secure digital money and settlement.

BTQ launches world's first quantum proof-of-work simulator, delivering the first commercial demonstration of quantum advantage in blockchain consensus

PQC verification on Solana with Bonsol Labs

BTQ, in partnership with Bonsol Labs, demonstrated the first implementation of NIST-standard PQC signature verification on Solana by using a verifiable computation network to address on-chain resource constraints. The approach maintains Solana's performance profile while enabling quantum safe verification, establishing a commercialization path for PQC services across high-throughput decentralized exchange and tokenization activity, with optional acceleration through BTQ's hardware stack.

BTQ Technologies partners with Bonsol Labs to achieve industry-first NIST standardized postquantum cryptography signature verification on Solana

(2) QCIM/hardware acceleration and secure elements

ICTK partnership and $15-million (U.S.) development and joint investment agreement

BTQ entered into a joint development and investment agreement with ICTK Co. Ltd., Korea's leading secure element manufacturer, to develop the QCIM secure element platform. The collaboration covers design, validation, tapeouts, certification and productization, complemented by BTQ's equity investment, ICTK's in-kind support and preferential manufacturing capacity. Target metrics include up to five times AES throughput versus leading secure hardware, approximately one million digital signatures per second, submicrojoule energy per operation and crypto-agile support for FIPS 203/204/205 and CNSA 2.0. The program is designed to deliver mass-market, certifiable silicon for payments, identity, wallets, IoT, critical infrastructure and defence.

BTQ and ICTK sign $15-million (U.S.) quantum secure chip development and joint investment agreement to advance global quantum safe hardware

CASH architecture and Radical Semiconductor technical leadership

Following the asset acquisition of Radical Semiconductor, the co-founders joined BTQ to lead silicon product and hardware security. CASH, a processing-in-memory cryptographic acceleration architecture, serves as the engine within QCIM and is being delivered as synthesizable intellectual property, a discrete co-processor and future chiplet configurations. This approach addresses the speed-power-agility requirements of PQC at the silicon layer with side channel resistance, enabling partners to integrate quantum safe capability into devices ranging from hardware wallets and HSMs to telecom equipment and edge controllers.

BTQ Technologies welcomes Radical Semiconductor founders as full-time hires to accelerate postquantum commercialization

(3) QPerfect/neutral atom platforms

Option exercised to acquire QPerfect

BTQ exercised its option to acquire QPerfect, a Strasbourg-based neutral atom company whose MIMIQ emulator and quantum logical unit middleware address two central bottlenecks: large-scale design/testing and fault-tolerant control. QPerfect's ecosystem includes active collaborations with leading hardware groups and institutional partners, along with a European research and development hub designed to streamline exclusive commercial rights for joint results. Integrating MIMIQ and QLU positions BTQ as a vertically integrated quantum company from cryptography to compute and shortens the path from research to dependable, exportable products.

BTQ exercises option to acquire QPerfect, a leading neutral atom computing company, strengthening BTQ as a fully integrated quantum company

Peer-reviewed advance with Macquarie University

BTQ and Macquarie University published a peer-reviewed result in Physical Review Research and presented at CERN a constant-depth, cavity-mediated method for checking stabilizers in high performing qLDPC codes without qubit shuttling. The technique simplifies control, reduces failure points, and aligns with neutral atom road maps. Integration into QPerfect's control stack and hardware demonstrations with partners are expected to support progress toward scalable, fault-tolerant systems.

BTQ Technologies and Macquarie University publish peer-reviewed breakthrough that simplifies quantum error correction for scalable systems

University of Cambridge collaboration on quantum photonics

The company announced a research collaboration with the University of Cambridge to advance inverse design quantum photonic devices for next-generation computing and secure communications. The program finances the integrated quantum photonics team to apply inverse design methodologies that identify non-intuitive device geometries while incorporating fabrication feasibility from the outset, targeting active and passive integrated components with an emphasis on maximizing the collection of quantum light into and out of a chip. The collaboration strengthens the company's full-stack road map by improving on chip photonic elements for scalable processors and by enabling higher efficiency components for quantum secure communications that complement standards aligned initiatives referenced by PQFIF and progressed through QuINSA. Coming milestones include initial device layouts and simulation benchmarks, tapeout ready designs for prototype fabrication, laboratory validation of coupling efficiency and loss targets, and a structured path for intellectual property transfer and productization within the company's hardware and networking portfolios.

BTQ Technologies partners with University of Cambridge to advance quantum photonic device research and commercialization

Capital markets and visibility

Inclusion in the SamsungActive KoAct Global Quantum Computing Active ETF

BTQ's inclusion in Korea's first actively managed quantum computing ETF increases visibility with Asia Pacific allocators that seek local-listed thematic exposure to companies operating across the quantum value chain, including postquantum security, secure hardware and neutral atom platforms.

BTQ Technologies added to SamsungActive KoAct Global Quantum Computing Active ETF

Commercialization road map

Across QSSN, plans prioritize converting pilots into controlled production deployments, expanding issuer and processor participation, and adding features such as cross-chain settlement and enhanced compliance options.

For QCIM/hardware, focus areas include delivering test silicon and toolchains, advancing certifications relevant to payments and identity, and building original equipment manufacturer channels with device makers and telecom vendors.

Within QPerfect/neutral atom, objectives include delivering QLU prototypes, demonstrating emulator-to-hardware fidelity, and progressing toward fault tolerant demonstrations that link quantum control to advanced cryptography and secure communications.

Financial overview and shelf registration

The company ended the quarter with a healthy cash balance of $39,389,812 providing the company with a multiyear runway to finance its operations and execute across its verticals. A universal shelf registration remains in place to preserve strategic flexibility. The shelf is intended to support potential strategic investments, co-development arrangements, or opportunistic mergers and acquisitions that accelerate commercialization, and does not indicate an immediate financing. Any use would be evaluated with discipline on structure, pricing and dilution, with emphasis on accretive growth.

Outlook

BTQ intends to scale quantum secure infrastructure across defence, critical infrastructure, Internet of Things devices, payments, global financial networks, mobile authentication, AI and digital assets, while advancing neutral atom platforms toward fault tolerant operation. Execution is centred on standard alignment, regulator-ready architectures and partnerships that shorten time to commercial deployment.

About BTQ Technologies Corp.

BTQ Technologies 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 postquantum security solutions for finance, telecommunications, logistics, life sciences and defence.

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