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BTQ Technologies and Macquarie University Announce Strategic Research Collaboration to Advance Quantum Computing and Secure Communications

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BTQ Technologies and Macquarie University have announced a strategic research collaboration focused on advancing quantum algorithms and secure communications. The partnership, which commenced on June 1, 2024, builds upon their successful 2022 Quantum Proof-of-Work project. The collaboration aims to integrate quantum processing into communication protocols to enhance speed, security, and energy efficiency. Sydney Quantum Academy PhD students, funded through CSIRO's program, will participate in internships at BTQ, fostering collaboration between industry leaders and quantum experts.

BTQ Technologies e Macquarie University hanno annunciato una collaborazione di ricerca strategica focalizzata sull'avanzamento degli algoritmi quantistici e delle comunicazioni sicure. Il partenariato, iniziato il 1 giugno 2024, si basa sul successo del loro progetto Quantum Proof-of-Work del 2022. La collaborazione ha l'obiettivo di integrare l'elaborazione quantistica nei protocolli di comunicazione per migliorare velocità, sicurezza ed efficienza energetica. Gli studenti di dottorato della Sydney Quantum Academy, finanziati tramite il programma CSIRO, parteciperanno a tirocini presso BTQ, promuovendo la collaborazione tra leader dell'industria ed esperti di quantum.

BTQ Technologies y Macquarie University han anunciado una colaboración de investigación estratégica centrada en el avance de los algoritmos cuánticos y las comunicaciones seguras. La asociación, que comenzó el 1 de junio de 2024, se basa en su exitoso proyecto Quantum Proof-of-Work de 2022. La colaboración tiene como objetivo integrar el procesamiento cuántico en los protocolos de comunicación para mejorar la velocidad, la seguridad y la eficiencia energética. Los estudiantes de doctorado de la Sydney Quantum Academy, financiados a través del programa CSIRO, participarán en pasantías en BTQ, fomentando la colaboración entre líderes de la industria y expertos cuánticos.

BTQ TechnologiesMacquarie University는 양자 알고리즘 및 안전한 커뮤니케이션 발전을 목표로 하는 전략적 연구 협력을 발표했습니다. 2024년 6월 1일 시작된 이 파트너십은 2022년의 성공적인 Quantum Proof-of-Work 프로젝트를 기반으로 하고 있습니다. 이 협력의 목적은 통신 프로토콜에 양자 처리를 통합하여 속도, 보안 및 에너지 효율성을 향상시키는 것입니다. CSIRO 프로그램을 통해 지원받는 Sydney Quantum Academy 박사 과정 학생들이 BTQ에서 인턴십에 참여하여 산업 리더와 양자 전문가 간의 협력을 촉진할 것입니다.

BTQ Technologies et Macquarie University ont annoncé une collaboration de recherche stratégique axée sur l'avancement des algorithmes quantiques et des communications sécurisées. Le partenariat, qui a commencé le 1er juin 2024, s'appuie sur leur projet réussi Quantum Proof-of-Work de 2022. La collaboration vise à intégrer le traitement quantique dans les protocoles de communication afin d'améliorer la vitesse, la sécurité et l'efficacité énergétique. Les étudiants en doctorat de la Sydney Quantum Academy, financés par le programme CSIRO, participeront à des stages chez BTQ, favorisant la collaboration entre les leaders de l'industrie et les experts en quantique.

BTQ Technologies und Macquarie University haben eine strategische Forschungskooperation angekündigt, die sich auf die Weiterentwicklung von Quantenalgorithmen und sicheren Kommunikationslösungen konzentriert. Die Partnerschaft, die am 1. Juni 2024 begann, baut auf ihrem erfolgreichen Quantum Proof-of-Work-Projekt aus dem Jahr 2022 auf. Das Ziel der Zusammenarbeit ist es, die Quantenverarbeitung in Kommunikationsprotokolle zu integrieren, um Geschwindigkeit, Sicherheit und Energieeffizienz zu verbessern. Doktoranden der Sydney Quantum Academy, die über das CSIRO-Programm finanziert werden, werden Praktika bei BTQ absolvieren, um die Zusammenarbeit zwischen Branchenführern und Quantenexperten zu fördern.

Positive
  • Successfully developed Quantum Proof-of-Work (QPoW) technology that reduces blockchain energy consumption
  • Secured research collaboration with a renowned quantum research institution
  • Gained access to PhD talent through CSIRO-funded program
Negative
  • None.
  • Strategic Collaboration: BTQ Technologies and Macquarie University have launched a research partnership to advance quantum algorithms and secure communications, building on their successful 2022 Quantum Proof-of-Work project.
  • Key Objectives: The collaboration aims to integrate quantum processing into communication protocols to improve speed, security, and energy efficiency, with support from Sydney Quantum Academy PhD students funded by CSIRO.
  • Industry-Academic Synergy: This partnership represents an opportunity for BTQ's industry leaders to collaborate with Macquarie's quantum experts, pushing the boundaries of quantum computing and mission critical networks.

VANCOUVER, BC, Nov. 5, 2024 /PRNewswire/ - 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 a new research collaboration with Macquarie University, marking a significant step forward in the company's efforts to expand research and development in quantum algorithms and quantum computing. This partnership leverages the combined strengths and expertise of both parties in the areas of quantum information theory and post-quantum secure communications, with the aim of integrating quantum processing into a range of communication protocols to enhance speed, security, and energy efficiency.

The collaboration builds on the success of an earlier contract initiated in 2022, which resulted in the development of Quantum Proof-of-Work (QPoW). This novel approach to distributed consensus dramatically reduces the energy footprint of blockchain technologies by integrating quantum samplers into the consensus mechanism.

The new research contract commenced on June 1, 2024, with Dr Gopikrishnan Muraleedharan and Professor Gavin Brennen from Macquarie University at the helm. The Macquarie team will also oversee Sydney Quantum Academy PhD students funded through the CSIRO's Creating the Next Generation of Quantum Technology Specialists program. This initiative includes internships at BTQ, presenting an exciting opportunity for BTQ's industry leaders to work alongside Macquarie's quantum experts and push the boundaries of the field.

"Collaborating with BTQ Technologies offers a unique opportunity to address the pressing security challenges posed by the advent of large-scale quantum computers," said Professor Brennen who is also Director of BTQ AU. "BTQ's foundation by post-quantum security experts and its dedication to tackling quantum security threats aligns perfectly with our mission at Macquarie. With the support of leading research institutes, we aim to leverage BTQ's comprehensive technology portfolio to accelerate quantum advantage."

"The partnership with BTQ Technologies represents a significant advancement in translating quantum research into real-world applications," says Professor Dan Johnson, Pro Vice-Chancellor (Research, Innovation and Enterprise) at Macquarie.

"This collaboration not only strengthens our quantum computing capabilities but also provides valuable industry experience for our PhD students."

"We are thrilled to collaborate with Macquarie University, which has a renowned reputation in quantum research," said Nicolas Roussy Newton, COO of BTQ Technologies. "Together, we are poised to unlock new frontiers in secure communications and sustainable blockchain technologies through quantum computing innovations. This partnership exemplifies BTQ's commitment to advancing quantum technology and fostering the next generation of quantum specialists."

This partnership underscores BTQ's dedication to quantum research and development, marking a major milestone in the company's ongoing journey to revolutionize secure communications and blockchain technologies.

About BTQ Technologies Corp.
BTQ was founded by a group of post-quantum security experts with an interest in addressing the urgent security threat posed by large-scale quantum computers. With the support of leading research institutes and universities, BTQ's extensive technology portfolio and commercialization platform is focused on accelerating quantum advantage.

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.

Disclaimer for 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.

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SOURCE BTQ Technologies Corp.

FAQ

When did BTQ Technologies (BTQQF) start their collaboration with Macquarie University?

The new research contract commenced on June 1, 2024.

What is the main objective of BTQ Technologies' (BTQQF) partnership with Macquarie University?

The partnership aims to advance quantum algorithms and secure communications by integrating quantum processing into communication protocols to improve speed, security, and energy efficiency.

What was BTQ Technologies' (BTQQF) previous successful project with Macquarie University in 2022?

They developed the Quantum Proof-of-Work (QPoW), which reduces the energy footprint of blockchain technologies by integrating quantum samplers into the consensus mechanism.

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