BTQ Technologies ( (TSE:BTQ) ) has provided an announcement.
BTQ Technologies has announced a strategic partnership with QPerfect, a French deeptech company specializing in neutral atom quantum computing. This partnership involves a €2 million investment, granting BTQ a 16.67% equity stake in QPerfect, with an option for full ownership within 12 months. The collaboration aims to advance quantum software through QPerfect’s MIMIQ platform, which excels in executing quantum algorithms. This move strengthens BTQ’s strategic expansion in Europe and reinforces its mission to secure digital infrastructure in the quantum era, combining QPerfect’s quantum capabilities with BTQ’s expertise in post-quantum cryptography.
More about BTQ Technologies
BTQ Technologies is a global quantum technology company focused on securing mission-critical networks through post-quantum cryptography and hardware acceleration. Founded by post-quantum cryptographers, BTQ collaborates with leading research institutes and universities to develop unique post-quantum services and solutions.
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$7.87M
Learn more about BTQ stock on TipRanks’ Stock Analysis page.