- BTQ Technologies (OTCQX: BTQQF) to invest €2 million in French quantum computing firm QPerfect.
- The investment gives BTQ a 16.67% stake, with an option for full ownership within 12 months.
- Strategic partnership enhances BTQ's post-quantum cryptography capabilities and European expansion.
BTQ Technologies Corp. (OTCQX: BTQQF), a global leader in quantum technology, announced a significant strategic move with a €2 million investment in QPerfect, a French company at the forefront of neutral atom quantum computing. This investment, based on a €10 million pre-money valuation, secures BTQ a 16.67% equity stake in QPerfect, with an exclusive option to achieve full ownership within a year.
QPerfect's innovative platform, MIMIQ, is a game-changer in the quantum computing landscape, enabling rapid and accurate quantum algorithm execution that surpasses current simulators and quantum computers. It serves as the foundation for the Quantum Logical Unit (QLU) framework, designed to accelerate real-world quantum applications.
This partnership is strategically significant for BTQ, as it combines QPerfect's advanced quantum computing technologies with BTQ's strong expertise in post-quantum cryptography and hardware acceleration. The collaboration is poised to enhance BTQ's capabilities in securing digital infrastructure in the increasingly quantum-driven era and supports its expansion in the European market.
The companies have agreed to finalize definitive agreements by June 30, 2025, subject to completion of due diligence. The agreement assures BTQ customary governance rights, including board representation and anti-dilution protections, paving the way for a robust alliance aimed at pushing the boundaries of quantum computing.
