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BTQ Technologies Corp (BTQQF) is a global quantum technology company focused on securing mission-critical networks. Founded by post-quantum cryptographers, BTQ combines software and hardware to provide unique post-quantum services and solutions. With strategic partnerships in place, BTQ is advancing research in quantum algorithms to enhance security and efficiency. The recent incorporation of BTQ Technologies Australia Pty Ltd in Sydney solidifies the company's presence in the Australian quantum ecosystem. BTQ AU aims to contribute to the global quantum technology landscape and ensure quantum-safe security for digital networks while nurturing the next generation of quantum technology specialists through collaborations with leading universities.
BTQ Technologies Corp. (CBOE CA: BTQ, FSE: NG3, OTCQX: BTQQF) has been awarded up to C$435,000 in grants from the Mitacs Accelerate program. This funding will support a collaborative project with the University of Waterloo, focusing on efficient zero-knowledge proof-based post-quantum digital signature schemes. The project, supervised by Prof. Guang Gong, aims to investigate the efficiency and commercial implementation of Preon, BTQ's candidate in NIST's Additional Digital Signature Schemes Round 1 for the PQC Standardization Process.
The research aligns with the U.S. National Institute of Standards and Technology's initiative to transition cryptographic systems to quantum-resistant cryptography by 2035. BTQ plans to pursue additional research grants and collaborations to expand its presence in Canada's quantum and cybersecurity ecosystems.
BTQ Technologies Corp. (BTQQF) and ID Quantique have signed a Memorandum of Understanding on July 19, 2024, to jointly develop an innovative authentication system. This collaboration aims to combine Quantum Random Number Generators (QRNG) and Post-Quantum Cryptography (PQC) technologies. ID Quantique is a pioneer in quantum cryptography and QRNG, while BTQ developed the PQC signature algorithm Preon, recognized by NIST. The partnership seeks to create a new market for authentication systems that address security challenges from both classical and quantum computers. This collaboration represents a significant step in advancing cybersecurity for mission-critical networks in the quantum era.
BTQ Technologies has expanded its global reach by establishing BTQ Technologies Australia Pty (BTQ AU), officially registered with ASIC on June 7, 2024.
BTQ AU will focus on advancing quantum algorithms to improve communication security and efficiency. The entity is strategically located in Sydney's Tech Central, leveraging the region's vibrant quantum ecosystem and collaborating with leading local experts.
BTQ AU is also committed to educational initiatives, partnering with Macquarie University and the Sydney Quantum Academy to offer PhD supervision and internships. This positions BTQ AU at the forefront of quantum research and development while fostering a strong talent pipeline.
The new entity aims to bridge BTQ's expertise in post-quantum cryptography with Australia's top quantum scientists, ensuring quantum-safe security for future digital networks.
BTQ Technologies Corp. (CBOE CA: BTQ, FSE: NG3, OTCQX: BTQQF) announced the filing of its audited interim financial statements for the period ending March 31, 2024. The filings, completed on June 7, 2024, include management's discussion and analysis and certifications. These documents are accessible on the company's SEDAR+ page. As a result of this filing, BTQ anticipates the revocation of the management cease trade order by relevant securities regulators.
BTQ Technologies has filed its audited annual financial statements for the fiscal year ending December 31, 2023, along with associated management's discussion, analysis, and certifications. The comprehensive filing also includes the annual information financial form. These documents were submitted on June 4, 2024, and are accessible on the company's SEDAR page.
On May 30, 2024, BTQ Technologies provided an update on the management cease trade order (MCTO) issued by the British Columbia Securities Commission on April 3, 2024, under National Policy 12-203. The MCTO was due to the company's anticipated inability to file its audited annual financial statements for the year ended December 31, 2023, by the required deadline.
The company plans to file these annual financial statements by June 3, 2024. Additionally, due to this delay, BTQ Technologies will also be unable to file its interim financial statements for Q1 2024 on time but expects to do so by June 10, 2024.
The company has stated there are no material changes since their last update and no insolvency proceedings. BTQ Technologies will continue to provide bi-weekly updates until the delays are resolved.
BTQ Technologies Corp, based in Vancouver, provides a bi-weekly status update on its management cease trade order (MCTO) issued by the British Columbia Securities Commission (BCSC) under National Policy 12-203. The company announced delays in filing its audited annual financial statements for the year ending December 31, 2023, and associated documents, now expected by June 3, 2024, instead of the initial May 24, 2024 deadline. Consequently, the interim financial statements for Q1 2024 are also delayed, anticipated to be filed by June 10, 2024. The company confirms no material changes or insolvency proceedings and will continue providing bi-weekly updates.
Nicolas Roussy Newton, Co-Founder and COO of BTQ Technologies, will present at the IQT Vancouver • Pacific Rim 2024 conference, showcasing the company's quantum innovations. The event will focus on practical applications of quantum technologies across industries and provide a platform for collaboration.
BTQ Technologies Corp. provided a bi-weekly update on the management cease trade order (MCTO) issued by the British Columbia Securities Commission. The Company will delay filing its audited annual financial statements for 2023 and associated documents, expecting to file by May 24, 2024, instead of May 2, 2024. This delay also affects the filing of interim financial statements for the three months ended March 31, 2024, now expected by May 29, 2024. The Company is committed to complying with regulatory guidelines and providing bi-weekly status reports until the filings are complete.
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