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BTQ Technologies Partners with QPerfect

In a groundbreaking development for the quantum computing landscape, BTQ Technologies Corp. has formalized a strategic partnership with QPerfect, a pioneering French company specializing in neutral atom quantum computing. This partnership includes a significant investment of €2 million, which will grant BTQ a 16.67% equity stake in QPerfect, with intentions to potentially acquire full ownership in the future. The investment is designed to enhance both companies' capacities in advancing quantum applications and security protocols in the European markets.

Investment Highlights

The investment agreement is set against a backdrop of a €10 million pre-money valuation of QPerfect. BTQ’s commitment goes beyond just financial backing; it aims to leverage QPerfect's cutting-edge technologies, particularly its flagship product, MIMIQ, which allows for rapid and scalable execution of quantum algorithms. This product stands out for its superior performance compared to conventional quantum simulators and existing quantum computing hardware.

As Olivier Roussy Newton, CEO of BTQ Technologies, expressed, “We are thrilled to partner with QPerfect as part of our mission to secure the future of digital communications and create applications with quantum advantage.” This sentiment illustrates BTQ’s commitment to positioning itself at the forefront of quantum technology as it continues to evolve.

QPerfect’s Innovative Solutions

Founded in 2023 and based in Strasbourg, QPerfect is recognized for its contributions to quantum design automation and computing powered through neutral atom technology. The company is aligned with ambitious goals to unlock the full potential of quantum computing, propelling advancements across multiple industries.

The MIMIQ platform is central to QPerfect's approach, enabling users—spanning researchers to manufacturers—to design, test, and optimize large-scale quantum algorithms effectively. As stated by Philippe Blot, CEO of QPerfect, “This partnership reinforces our mission to make quantum computing practical and will accelerate our Quantum Logical Unit roadmap toward scalable and secure real-world applications.”

Strengthening Security and Global Reach

Beyond algorithm execution, this partnership seeks to bolster the global quantum security infrastructure, integrating QPerfect’s innovations with BTQ's expertise in post-quantum cryptography. Such a strategic alignment is crucial as businesses and governments worldwide begin to recognize the significance of securing digital frameworks in anticipation of the capabilities offered by quantum computing.

The collaboration serves as a critical step in BTQ’s strategy to expand its presence in Europe, launching initiatives that cater to security in the evolving quantum era. Customary governance rights, including board representation and anti-dilution protections, have been established in the term sheet, ensuring that BTQ can maintain a significant influence as it navigates this partnership.

Future Directions and Anticipations

As both companies proceed towards finalizing definitive agreements, expected by June 30, 2025, the roadmap for QPerfect includes dynamic growth plans that promise to elevate quantum computing standards considerably. Analysts and industry experts are eager to see how this investment unfolds while anticipating its implications for both BTQ Technologies and the broader technology landscape.

In summary, BTQ Technologies’ partnership with QPerfect not only signifies a financial investment but also lays the foundation for innovation and security in quantum computing. With both entities sharing a dedication to pioneering advancements in technology, the partnership is poised to make substantial impacts in the field of quantum applications, marking a pivotal moment in the evolution of digital infrastructure.

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For more information about QPerfect, visit QPerfect.io.

About BTQ Technologies

BTQ Technologies was founded by a collective of post-quantum cryptographers aiming to address the looming security threats posed by quantum computers. The firm combines innovative software and hardware to protect essential networks, with a commitment to ensuring security in the quantum computing landscape.