BTQ Technologies Selected for 2023 Canada-South Korea Quantum R&D Delegation: Strengthening Global Quantum Collaborations

Rhea-AI Summary

BTQ Technologies selected for 2023 Canada Quantum Technology R&D Mission to South Korea, aligning with South Korea's $2.33 billion investment in quantum science and technology by 2035.

Positive

• BTQ Technologies selected for prestigious R&D mission
• South Korea's ambitious investment in quantum science and technology

Negative

• None.

• BTQ Technologies has been selected for the 2023 Canada Quantum Technology R&D Mission to South Korea, marking a significant stride in international quantum collaborations.
  
  
• From October 31st to November 2nd, the delegation, which includes 11 of Canada's quantum technology leaders, will engage with South Korean entities to explore synergies and foster partnerships.
  
  
• This comes on the heels of South Korea's ambitious strategy to invest over 3 trillion won ($2.33 billion) in quantum science and technology by 2035, positioning themselves as a major global player in the quantum arena.

VANCOUVER, BC, Sept. 18, 2023 /PRNewswire/ - BTQ Technologies Corp. (the "Company" or "BTQ") (NEO: BTQ) (FSE: NG3) (OTCQX: BTQQF), a global quantum technology company focused on securing mission-critical networks, is proud to announce its selection for the 2023 Canada Quantum Technology R&D Mission to South Korea.

From October 31st to November 2nd, the Canadian delegation, which includes 11 leading companies and institutions in the realms of quantum sensing, quantum computing, and quantum communication, will participate in a series of collaborative events. They aim to meet with South Korean companies, research institutes, academia, and other key players in the quantum technology sector. These meetings are organized by the Canadian Embassy in Seoul and are designed to foster collaboration and partnership. Further details on the Korea-Canada Quantum Innovation Forum and individual interviews will be shared in due course.

Joining BTQ Technologies in this esteemed delegation are: 1QBit, Agnostiq, Anyon Systems Inc., Applied Quantum Materials Inc., Good Chemistry Company, GoodLabs Studio, OTI Lumionics Inc., Xanadu, Quantum Valley Ideas Lab, and Québec Quantique.

"We are honored to be chosen as part of the 2023 Canada Quantum Technology R&D Mission to South Korea. This selection is a testament to the hard work and innovation that the entire BTQ team brings to the quantum space. South Korea's pioneering advancements in quantum technologies align well with our mission and goals. This collaboration represents a significant opportunity not just for BTQ, but for Canada and South Korea to further their footprints in the global quantum landscape. We are eager to engage, share knowledge, and explore synergies with our South Korean counterparts, believing that together, we can usher in the next wave of quantum breakthroughs." says Olivier Roussy Newton, CEO of BTQ.

Earlier this year, South Korea announced plans to invest over 3 trillion won ($2.33 billion) in quantum science and technology by 2035. This signals the country's ambition to position itself as a global heavyweight in the domain. The nation's roadmap includes augmenting the quantum researcher base seven-fold to 2,500 and nurturing home-grown expertise in quantum computing and advanced quantum sensors. Strategic partnerships with global giants such as IBM and IonQ are also on the cards. With a history steeped in quantum technology R&D and a robust private sector engagement, South Korea is well-poised for this quantum leap.

About BTQ

BTQ was founded by a group of post-quantum cryptographers with an interest in addressing the urgent security threat posed by large-scale universal quantum computers. With the support of leading research institutes and universities, BTQ is combining software and hardware to safeguard critical networks using unique post-quantum services and solutions.

Connect with BTQ: Website | LinkedIn

ON BEHALF OF THE BOARD OF DIRECTORS

Olivier Roussy Newton
CEO, Director

Neither the NEO nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

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-selected-for-2023-canada-south-korea-quantum-rd-delegation-strengthening-global-quantum-collaborations-301929945.html

SOURCE BTQ Technologies Corp.