Mr. Olivier Roussy Newton reports

BTQ TECHNOLOGIES SIGNS MOU WITH ITCENGLOBAL, A KRW 8.9 TRILLION KOREAN IT GROUP, TO ADVANCE POST-QUANTUM SECURITY ACROSS KOREA'S FINANCIAL, PUBLIC-SECTOR, AND ENTERPRISE INFRASTRUCTURE

BTQ Technologies Corp. has signed a memorandum of understanding with Itcenglobal Co. Ltd., one of Korea's largest information technology service groups, through its listed security platform subsidiary Itcen PNS Co. Ltd.

The signed MOU establishes a framework for collaboration between BTQ and Itcen PNS to integrate postquantum cryptography, quantum-safe authentication and next-generation security infrastructure for Korean and international markets. The collaboration will focus on areas where quantum-resistant security is becoming increasingly important, including financial networks, digital identity, biometric authentication, public-sector systems and enterprise security platforms.

Partner scale and market position

Itcenglobal is the holding company of the Itcen Group, a Kosdaq-listed Korean IT service group operating approximately 20 subsidiaries across public-sector infrastructure, finance, cloud, artificial intelligence, security, enterprise IT and digital asset platforms. The group reported consolidated revenue of approximately 8.9 trillion South Korean won (approximately $6-billion (U.S.)) for the 2025 fiscal year, with its IT service segment contributing approximately 1.2 trillion South Korean won, and was upgraded to the premier companies section of the Kosdaq market in 2026.

The group's operating companies hold long-standing positions in Korea's most sensitive infrastructure markets. Itcen Entec, formerly Ssangyong Information & Communications, is recognized as Korea's first system integration company and serves public-sector, defence and large enterprise customers. Itcen CTS, formerly Comtec Systems, is a leading network integration provider, and Itcen Cloit operates the group's cloud managed service business, including operations in Japan.

Itcen PNS, formerly Secucen Co. Ltd., is the group's dedicated security platform subsidiary and has been independently listed on the Kosdaq market since 2023. The company develops biometric authentication, electronic signature, mobile security, data security and digital financial security solutions, and its systems are deployed across Korean banks and insurers.

Regulatory-grade postquantum credentials

Itcen PNS has been active in the practical deployment of quantum-resistant cryptography in Korea. In July, 2026, the company obtained KCMVP validation -- Korea's national cryptographic module validation program -- for a hybrid cryptographic module that combines established public-key cryptography with NIST-standardized postquantum algorithms, including ML-KEM for key encapsulation. KCMVP validation is a prerequisite for cryptographic products supplied into Korean government and public institution environments.

The company also has capabilities in KPQC, the Korean postquantum cryptography standard, and participated in the Korea Internet & Security Agency's zero trust pilot program, in which a quantum-resistant security model was applied in a domestic banking environment.

Strategic rationale

The collaboration aligns BTQ's postquantum security capabilities with Itcen PNS's certified cryptographic products and the Itcen Group's established delivery channels across public-sector, financial and enterprise customers in Korea.

"Itcenglobal is one of Korea's most significant technology groups, with deep relationships across public-sector, financial and enterprise infrastructure," said Olivier Roussy Newton, chief executive officer and chairman of BTQ Technologies. "Itcen PNS has already done the difficult work of taking postquantum cryptography through national validation and into live financial environments. That combination of regulatory credibility and real deployment channels is exactly what turns quantum-safe technology into adoption. Korea is one of the most important markets globally for the transition to quantum-safe infrastructure, and this collaboration supports BTQ's mission of building trusted quantum technologies for the systems that matter most."

Postquantum cryptography is becoming a priority for governments, financial institutions and critical infrastructure operators as organizations prepare for the long-term security risks posed by quantum computing. Sensitive information protected by today's cryptographic systems may be vulnerable in the future, creating an urgent need for migration planning, testing and deployment of quantum-resistant security technologies.

Under the signed MOU, BTQ and Itcen PNS will evaluate opportunities to integrate, test and commercialize quantum-safe security solutions across relevant use cases. These include secure financial communications, digital identity systems, biometric authentication platforms, blockchain and Web3 security, and broader enterprise and government security infrastructure.

The MOU further strengthens BTQ's presence in Korea, where the company has continued to build relationships across postquantum cryptography, hardware-rooted security, financial infrastructure and quantum-safe communications. The collaboration with Itcenglobal and Itcen PNS reflects BTQ's strategy of working with established regional partners that have direct access to enterprise, financial and public-sector deployment environments.

"Itcen PNS is focused on building next-generation security platforms for public institutions, financial organizations and enterprise customers," said Won-gyu Park, chief executive officer of Itcen PNS. "As organizations prepare for the postquantum transition, technical credibility and implementation experience will be critical. BTQ has established meaningful expertise in postquantum cryptography, quantum-safe networks and hardware-rooted security architectures. This collaboration gives us a strong framework to evaluate how those capabilities can be applied to practical security environments across Korea's financial, public-sector and enterprise infrastructure."

About BTQ Technologies Corp.

BTQ Technologies is a quantum technology company focused on accelerating the transition from classical networks to the quantum Internet. Backed by a broad patent portfolio and deep technical expertise, BTQ is developing a full-stack, neutral-atom quantum computing platform spanning hardware, middleware and postquantum security solutions for finance, telecommunications, logistics, life sciences and defence.

We seek Safe Harbor.