BTQ Technologies Issues Year-End CEO Letter to Shareholders

Core Insights - The transition from classical encryption to post-quantum cryptography is a significant security shift with implications for national security and geopolitical stability [3] - BTQ Technologies is focused on deploying quantum technology solutions that secure mission-critical networks and facilitate the transition to post-quantum cryptography [1][6] Group 1: Industry Trends and Developments - The physical qubit count required for cryptographically relevant quantum algorithms has decreased by approximately 20 times, accelerating timelines for quantum technology deployment [4] - The Pentagon has mandated the replacement of legacy encryption systems by the end of 2030, highlighting the urgency for post-quantum cryptography [4][9] - The mass-scale tokenization of financial assets coincides with the emergence of cryptographically relevant quantum computers, emphasizing the need for secure infrastructure [4][13] Group 2: Company Strategy and Focus Areas - BTQ's strategy is built around three pillars: Quantum Secure Systems and Networks, QCIM Hardware Acceleration and Secure Elements, and QPerfect Neutral Atom Platforms [6] - The company aims to commercialize secure, full-stack platforms that protect critical assets during the transition to post-quantum cryptography [7] - BTQ has entered a USD 15 million agreement with ICTK Co., Ltd. to develop the QCIM secure element platform, targeting significant performance metrics [10] Group 3: Product Development and Innovations - BTQ has made advancements in quantum secure systems, including proof-of-concept deployments for the Quantum Secure Stablecoin Network (QSSN) in Korea [14][15] - The QPerfect division is focused on developing a neutral atom platform that addresses bottlenecks in large-scale quantum computing [21][22] - The company is also working on one-shot signatures (OSS) for secure communications without the need for quantum internet infrastructure [25] Group 4: Financial Position and Market Visibility - BTQ has been included in various ETFs, enhancing its visibility among global investors [27][28] - The company ended the third quarter with C$39,389,812 in cash, providing liquidity for strategic initiatives [29] - BTQ's inclusion in the MSCI Canada Small Cap Index reflects its growth and market presence [28] Group 5: Future Outlook - The company plans to deliver test silicon for Quantum Compute in Memory (QCIM) and expand QSSN deployments in 2026 [30] - BTQ aims to advance its QPerfect platform and optimize algorithmic gate counts for cryptographically relevant quantum computations [37] - The company is focused on adding technical talent across various regions to support its growth strategy [37]