BTQ Technologies Announces Funding from National Research Council of Canada Industrial Research Assistance Program (NRC IRAP)
BTQ Technologies Corp. (BTQQF) has secured funding of up to $150,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). The funding will support research and development of distributed consensus algorithms for secure quantum random number generation (QRNG) as an oracular service.
The project focuses on enhancing BTQ's IP portfolio in quantum technology, specifically targeting random number generation applications important for cryptography, blockchain, telecommunications, and finance industries. The company plans to pursue additional R&D funding and collaborations to expand its presence in Canada's quantum and cybersecurity ecosystems.
BTQ Technologies Corp. (BTQQF) ha ottenuto un finanziamento di fino a 150.000 dollari dal Programma di Assistenza alla Ricerca Industriale del Consiglio Nazionale delle Ricerche del Canada (NRC IRAP). Il finanziamento sosterrà la ricerca e lo sviluppo di algoritmi di consenso distribuito per la generazione sicura di numeri casuali quantistici (QRNG) come servizio oracolare.
Il progetto si concentra sul miglioramento del portafoglio di proprietà intellettuale di BTQ nella tecnologia quantistica, con particolare attenzione alle applicazioni di generazione di numeri casuali, importanti per la crittografia, la blockchain, le telecomunicazioni e le industrie finanziarie. L'azienda prevede di cercare ulteriori finanziamenti per R&D e collaborazioni per espandere la propria presenza negli ecosistemi quantistici e di cybersicurezza del Canada.
BTQ Technologies Corp. (BTQQF) ha conseguido financiación de hasta $150,000 del Programa de Asistencia para la Investigación Industrial del Consejo Nacional de Investigación de Canadá (NRC IRAP). La financiación apoyará la investigación y el desarrollo de algoritmos de consenso distribuidos para la generación cuántica segura de números aleatorios (QRNG) como servicio oracular.
El proyecto se centra en mejorar la cartera de propiedad intelectual de BTQ en la tecnología cuántica, dirigiéndose específicamente a las aplicaciones de generación de números aleatorios, que son importantes para la criptografía, blockchain, telecomunicaciones y las industrias financieras. La empresa planea buscar financiación adicional para I+D y colaboraciones para expandir su presencia en los ecosistemas de tecnología cuántica y ciberseguridad de Canadá.
BTQ Technologies Corp. (BTQQF)는 캐나다 국립연구위원회 산업 연구 지원 프로그램(NRC IRAP)으로부터 최대 $150,000의 자금을 확보했습니다. 이 자금은 안전한 양자 난수 생성(QRNG)을 위한 분산 합의 알고리즘의 연구 및 개발을 지원합니다.
이 프로젝트는 암호화, 블록체인, 통신 및 금융 산업에 중요한 난수 생성 애플리케이션을 목표로 하여 BTQ의 양자 기술 지적 재산권 포트폴리오를 강화하는 데 중점을 두고 있습니다. 회사는 캐나다의 양자 및 사이버 보안 생태계에서의 존재감을 확장하기 위해 추가 연구 및 개발 자금과 협업을 추구할 계획입니다.
BTQ Technologies Corp. (BTQQF) a obtenu un financement allant jusqu'à 150 000 $ du Programme d'aide à la recherche industrielle du Conseil national de recherches du Canada (NRC IRAP). Ce financement soutiendra la recherche et le développement d'algorithmes de consensus distribués pour la génération sécurisée de nombres aléatoires quantiques (QRNG) en tant que service oraculaire.
Le projet vise à améliorer le portefeuille de propriété intellectuelle de BTQ dans le domaine de la technologie quantique, en ciblant spécifiquement les applications de génération de nombres aléatoires qui sont importantes pour la cryptographie, la blockchain, les télécommunications et les secteurs financiers. L'entreprise prévoit de rechercher un financement supplémentaire pour la R&D et des collaborations afin d'élargir sa présence dans les écosystèmes quantiques et de cybersécurité du Canada.
BTQ Technologies Corp. (BTQQF) hat bis zu 150.000 $ von dem Industrial Research Assistance Program (NRC IRAP) des National Research Council of Canada erhalten. Die Finanzierung wird die Forschung und Entwicklung von verteilten Konsensusalgorithmen für sichere quantenbasierte Zufallszahlengenerierung (QRNG) als orakeldienst unterstützen.
Das Projekt konzentriert sich darauf, das IP-Portfolio von BTQ im Bereich der Quanten-Technologie zu verbessern, insbesondere mit Blick auf Zufallszahlengenerierungsanwendungen, die für die Kryptografie, Blockchain, Telekommunikation und Finanzbranche von Bedeutung sind. Das Unternehmen plant, zusätzliche Forschungs- und Entwicklungsfinanzierungen sowie Kooperationen zu verfolgen, um seine Präsenz in Kanadas Quanten- und Cybersicherheits-Ökosystemen auszubauen.
- Secured $150,000 in government funding from NRC IRAP
- Development of new IP in quantum random number generation technology
- Expansion into critical markets including blockchain, telecommunications, and finance
- None.
- Funding: BTQ Technologies will receive funding of up to
$150,000 - Innovative Research: The NRC IRAP-funded project aims to develop distributed consensus algorithms for secure quantum random number generation (QRNG) as an oracular service, which is vital for cryptography and various mission-critical industries such as blockchain, telecommunications, and finance.
Random number generation (RNG) is central to many applications in cryptography and scientific simulation techniques and is crucial in industries such as blockchain, telecommunications, and finance. BTQ plans to pursue additional research and development funding and collaborations to expand its presence in
Olivier Roussy-Newton, Chairman and CEO of BTQ, commented on the support from NRC IRAP: "We are delighted to receive this support from NRC IRAP for our QRNG research and development project as we continue to build our presence in
About BTQ
BTQ Technologies Corp. (CBOE CA: BTQ, FSE: NG3, OTCQX: BTQQF) 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 | X/Twitter
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.
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/btq-technologies-announces-funding-from-national-research-council-of-canada-industrial-research-assistance-program-nrc-irap-302338171.html
SOURCE BTQ Technologies Corp.
FAQ
What is the value of NRC IRAP funding received by BTQ Technologies (BTQQF)?
What will BTQ Technologies (BTQQF) use the NRC IRAP funding for?
Which industries will benefit from BTQ's QRNG technology development?
What are BTQ Technologies' (BTQQF) future plans for research and development?
