Core Viewpoint - SEALSQ Corp has announced a partnership with BWT Alpine Formula One Team to integrate quantum-resistant technology into motorsport, marking a significant step in the application of quantum technology in high-performance environments [2][4][6]. Company Overview - SEALSQ Corp specializes in developing and selling semiconductors, public key infrastructure (PKI), and post-quantum technology hardware and software products [2][11]. - The company is recognized for its innovations in post-quantum cryptography and secure microcontrollers, aiming to address security challenges posed by advancing quantum computing [11][12]. Partnership Details - The collaboration will leverage BWT Alpine Formula One Team's engineering capabilities alongside SEALSQ's expertise in quantum-secure semiconductors and quantum as a service [3][4]. - The focus will be on applying quantum-related technologies to enhance the team's operational and security systems, ensuring protection against potential quantum threats [4][6]. Technological Implications - SEALSQ's quantum-resistant encryption aims to safeguard data exchanges within the team, preventing the compromise of strategic information from future quantum attacks [6][8]. - The partnership is positioned to pioneer the integration of quantum technology in motorsport, showcasing real-world applications of quantum computing in a competitive environment [7][8]. Historical Context - SEALSQ's parent company, WISeKey International Holding Ltd, has a history of supporting high-stakes racing events, demonstrating the potential of secure technologies in enhancing performance and coordination [7]. - BWT Alpine Formula One Team has a legacy of success in Formula One, having won multiple championships and recently finishing sixth in the Constructors' Championship for the 2024 season [9][10].

Industry Overview - Quantum computing stocks have seen significant price increases, with some companies doubling or tripling in value due to speculative momentum and investor enthusiasm [1][2] - The excitement is driven by the potential of quantum technology to transform sectors like drug discovery, cryptography, and artificial intelligence, despite most companies being pre-revenue [1] Rigetti Computing - Rigetti Computing has experienced a remarkable stock surge, up approximately 183% year-to-date and over 4,500% in the past 12 months, despite a recent 25% pullback from its 52-week high [4][5] - In Q2 2025, Rigetti reported revenues of $1.8 million, a decline of 41.9% year-over-year, with net losses of $39.7 million and an EPS of -5 cents [5] - The company's current valuation is nearly $14 billion, trading at over 1,700 times sales, indicating a highly speculative investment [6] BTQ Technologies - BTQ Technologies has rapidly gained attention since its Nasdaq debut in late September 2025, focusing on post-quantum cryptography [8][9] - The stock has surged 281% year-to-date and 122% in the past month, driven by retail speculation and interest in quantum-proof cybersecurity [9][10] - For Q2, BTQ reported sales of approximately $47,000, down from $65,000 a year ago, with a net loss of roughly $1.4 million [10] Churchill Capital Corp X - Churchill Capital Corp X is positioned as a credible entry point into quantum computing following its merger announcement with Infleqtion, valued at $1.8 billion [11][12] - Infleqtion generated nearly $29 million in trailing 12-month revenue, growing at an impressive 80% CAGR, providing a tangible revenue base for the future merged entity [14] - Citron Research has rated Infleqtion as "far superior to Rigetti," with a fair value estimate of $55 per share, indicating a favorable risk-reward profile for investors [15]

Industry Overview - The quantum computing space is projected to experience a compound annual growth rate (CAGR) of 41.8% from 2026 to 2031, driven by increasing investments from both government and private sectors [1][5] - Public investment in quantum technology has surpassed $10 billion, indicating a significant shift from research to real-world deployment [3][5] Government Initiatives - In 2024, global governments invested approximately $680 million in start-ups and announced $1.8 billion in broader quantum initiatives, with new commitments pushing total public funding beyond $10 billion by early 2025 [3][5] - The Trump administration is reportedly crafting executive orders to accelerate federal adoption of quantum technology, which may include procurement incentives and tighter timelines [5][6] - A reauthorized National Quantum Initiative (NQI) with a proposed budget of $2.7 billion through FY2029 aims to enhance R&D, grants, and industry partnerships [6] Company Highlights - **Amazon (AMZN)**: Amazon Web Services (AWS) has developed the Ocelot chip, which utilizes "cat qubits" to improve error correction and reduce costs by up to 90%. AWS is also supporting U.S. federal agencies through its Quantum Embark program [11][12] - **Microsoft (MSFT)**: Microsoft introduced the Majorana 1 quantum processor in February 2025 and announced a Quantum Research Center in Maryland to foster collaboration in quantum development [13][14] - **IonQ (IONQ)**: IonQ has made significant advancements through collaborations with the U.S. Department of Energy and participation in DARPA's Quantum Benchmarking Initiative, focusing on secure quantum networking and validation of quantum computers [15][16] Financial Projections - Amazon is projected to report earnings growth of 23.2% on 11.1% revenue growth in 2025 [12] - Microsoft is expected to achieve earnings growth of 12.9% on 14% revenue growth in 2025 [14] - IonQ is anticipated to report earnings growth of 37.8% on 115.1% revenue growth in 2025 [16]

Core Insights - Gorilla Technology Group Inc. has launched an industry-first post-quantum cryptography (PQC) Quantum-Safe Software-Defined Wide Area Network (SD-WAN) Initiative, enhancing security for AI platforms and sovereign clouds [1][3] - The Gorilla Intelligent Network Director integrates NIST-approved PQC algorithms, ensuring long-term confidentiality and crypto-agility against potential quantum threats [2][3] - The initiative aligns with the U.S. government's CNSA 2.0 rollout, positioning Gorilla to meet post-quantum security expectations by the 2030-2033 compliance horizon [3][4] Product Features - The Gorilla Intelligent Network Director employs a hybrid key exchange using Elliptic-Curve Diffie-Hellman (ECDH) and Kyber algorithms, providing a quantum-resistant connectivity layer [2] - Digital signatures based on Dilithium secure node authentication and control-plane integrity, protecting orchestration and data channels [2] - The solution is designed for hybrid, multi-cloud, and sovereign network environments, supporting national AI and digital infrastructure [2] Market Positioning - Gorilla's initiative builds on multi-billion-dollar AI and data center projects, including a US$1.4 billion network deal in Southeast Asia [4] - The company is extending its post-quantum security deployments for government networks in MENA and Thailand, establishing a standards-based architecture for cryptographic agility [4] - The initiative aims to generate multi-year recurring revenue as governments and enterprises transition to post-quantum security [4] Customer Benefits - Customers adopting the Gorilla Intelligent Network Director will benefit from enhanced security measures that safeguard data, control, and identity from quantum threats [5] - The company is establishing Quantum-Safe Readiness Labs in Taiwan and India to assist governments and enterprises in validating key exchange and adopting secure network transformation strategies [5] Company Overview - Gorilla Technology Group Inc. is headquartered in London and specializes in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [6] - The company provides solutions across various sectors, including Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education [7]

Financial Data and Key Metrics Changes - For the first half of 2025, revenues grew slightly by $0.1 million to $5.3 million, reflecting a continued transition period ahead of expected growth in the second half [19] - Operating losses increased by $13.2 million to $27.3 million, primarily due to a one-off stock-based compensation charge and increased investments in R&D and administrative costs [20] - The net loss for the six months ending June 2025 was $22.3 million, an increase of $6.8 million compared to the same period last year [21] - The company has a strong cash balance of $124.6 million as of June 30, 2025, allowing for accelerated technological development and strategic investments [21] Business Line Data and Key Metrics Changes - The company is focusing on next-generation quantum-resistant chips, the SealCoin transactional IoT platform, and the WISe.ART expansion [21] - The backlog of booked orders for 2026 is approximately 300% higher than at the end of 2025, indicating strong future demand [19] Market Data and Key Metrics Changes - The company expects full-year revenues to be in the range of $18 to $21 million, driven by a return to growth in demand for traditional semiconductor products and the consolidated revenue of IC'ALPS [22] - A robust pipeline of revenue opportunities amounting to $170 million for the period 2026 to 2028 has been established [17] Company Strategy and Development Direction - The company is executing a quantum convergence strategy that combines traditional identity security methods with emerging quantum-safe technologies [6][7] - Strategic partnerships, such as the QuantumX security initiative in Spain, are being developed to enhance shareholder value and create new addressable markets [13] - The company is also focusing on scaling execution and expanding its operational capabilities in the second half of 2025 [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong growth in the second half of the year, with expectations of increased demand for quantum-resistant solutions due to regulatory pressures [22][36] - The company is positioning itself to shape the future of digital trust and security, emphasizing the importance of quantum resilience in critical infrastructures [17][36] Other Important Information - The company is pioneering the integration of post-quantum cryptography into its semiconductor products, with the first post-quantum chip expected to be launched in November 2025 [8][10] - The WISe.ART platform is evolving to include digital twin technology and is expected to generate new revenue streams through tokenization and machine-to-machine transactions [40][42] Q&A Session Summary Question: Contribution from Quantix and margin expectations - The contribution from Quantix is expected to be $25 million over three years, with varying margins depending on the nature of the project [24] - Product revenues are anticipated even before the personalization center is fully operational [25] Question: Breakdown of the $170 million pipeline - The pipeline includes contributions from the Quantum Shield QS7001 chip, Trusted Platform Model (TPM) chips, and revenue from personalization centers [33][37] Question: Path to commercializing WISe.ART and SealCoin - The commercialization of WISe.ART is focused on creating digital twins and integrating SealCoin as a payment method for transactions between devices [39][42]

Core Insights - The Trump administration's renewed focus on quantum policy through executive actions and the potential reauthorization of the National Quantum Initiative Act (NQIA) could significantly benefit both dedicated quantum firms and major tech companies investing in this sector [1][2]. Quantum Industry Developments - The White House is preparing up to three executive orders aimed at quantum information sciences and the transition to post-quantum cryptography (PQC), extending the momentum from the 2018 NQIA which expired in 2023 [2]. - Government mandates for PQC migration and increased R&D funding are expected to accelerate the adoption of quantum technologies, moving startups from research phases to practical applications [3][10]. Major Players in Quantum Technology - Companies like IBM, Google, and NVIDIA are already heavily invested in quantum technology, and the new directives validate their strategies, enhancing procurement pipelines and positioning them as key providers for a government-led quantum transition [5]. - IBM announced plans for the "Quantum Starling," a fault-tolerant system targeted for 2029, while Google introduced its Willow quantum chip, aiming for commercial applications within five years [6]. Stock Performance and Market Sentiment - Quantum-related stocks have seen a significant rally, with the Defiance Quantum ETF (QTUM) gaining 12.2% month-to-date as investors anticipate stronger federal support and faster adoption cycles [7]. - D-Wave reported an 83% year-over-year increase in APAC bookings, with its Advantage2 system now generally available, indicating strong market demand [11]. Company-Specific Insights - IonQ has expanded through acquisitions, targeting 2 million physical qubits by 2030, positioning itself to benefit from government PQC mandates [13]. - Rigetti has made advancements in its modular multi-chip systems and aims to deliver over 100 qubits by year-end, enhancing its potential for government contracts [15]. - D-Wave and IonQ both carry a Zacks Rank 3, with expected earnings growth of 68% and 37.88% respectively for 2025, alongside significant revenue increases [12][14].

Group 1: Investment Opportunities - Eric Jackson, founder of EMJ Capital, has a bullish outlook on Opendoor Technologies, Inc. (OPEN), projecting a target price of $82 per share, labeling it as a potential "100-bagger" [1] - OPEN stock has experienced a significant increase of 140% over the past month [1] - Jackson holds a portfolio of high-conviction stocks, indicating a strategic focus on long-term growth [1] Group 2: Cryptocurrency and Blockchain Investments - Jackson holds the iShares Ethereum Trust ETF (ETHA), which tracks the price of Ethereum, to capitalize on the growing institutional interest in crypto assets [2] - He identifies the cryptocurrency sector as disruptive and primed for exponential growth due to increasing blockchain adoption [2] - IREN Ltd. (IREN) is positioned for high growth in the Bitcoin mining and AI sectors, with Jackson labeling it as a potential "10-bagger" [3] - Cipher Mining, Inc. (CIFR) is also seen as a pure play on the Bitcoin mining boom, with significant undervaluation relative to cryptocurrency growth prospects [4] Group 3: Emerging Technologies - BTQ Technologies, Inc. (BTQQF) focuses on post-quantum cryptography related to blockchain technologies, which Jackson believes has asymmetric payoff potential [5] - Defi Technologies, Inc. (DEFT) creates exchange-traded products that mirror the performance of individual DeFi protocols, indicating a belief in its mispricing and potential for transformational gains [6] Group 4: Investment Philosophy - Jackson's investment strategy emphasizes the pursuit of "100-baggers" in mispriced assets with clear catalysts and turnaround potential [7] - He advises retail investors to embrace market volatility and maintain positions through drawdowns, discouraging frequent trading to capture larger gains [7]

Core Points - BTQ Technologies Corp. held its 2025 Annual Meeting of shareholders on August 26, 2025, where all nominees listed in the management proxy circular were elected as directors [1][2] - The number of directors was set at five, with a significant majority of 99.36% voting in favor [3] - MNP LLP was appointed as the Company's auditors, receiving 98.98% approval from shareholders [4] Election of Directors - The following individuals were elected as directors with the respective approval percentages: - Olivier Roussy Newton: 99.24% for, 0.76% withheld [3] - Chris Tam: 99.89% for, 0.11% withheld [3] - Manfred Knof: 99.90% for, 0.10% withheld [3] - Philippe Lucet: 99.88% for, 0.12% withheld [3] - Mansour Al Suwaidi: 99.78% for, 0.22% withheld [3] Number of Directors - Shareholders voted 99.36% in favor of maintaining the number of directors at five, with only 0.64% voting against this decision [3] Appointment of Auditor - The appointment of MNP LLP as the Company's auditors was approved by 98.98% of shareholders, with 1.02% withholding their vote [4] Total Shareholder Voting - A total of 66,150,420 common shares were voted at the Meeting, representing approximately 47.82% of the issued and outstanding common shares of the Company [5] Company Overview - BTQ Technologies Corp. is a global quantum technology company focused on securing mission-critical networks and is transitioning from classical networks to the quantum internet [12] - The Company has a broad patent portfolio and delivers a full-stack quantum computing platform with end-to-end hardware, middleware, and post-quantum security solutions across various sectors [12]

Core Insights - Qubitera Holdings is set to launch a quantum-safe Electronic Health Record (EHR) and Electronic Medical Record (EMR) platform globally by mid-2027, utilizing post-quantum cryptography to secure patient data against future quantum computing threats [1][4][5] Technical Roadmap - The deployment will occur in five phases: 1. Research and Planning (Q3 – Q4 2025): Audit existing vulnerabilities, select NIST PQC algorithms, and form partnerships [3] 2. Prototype Development (Q1 – Q2 2026): Build a functional prototype and develop a user-friendly interface [3] 3. Pilot Deployment and Optimization (Q3 – Q4 2026): Launch pilot programs in select hospitals and optimize performance [3] 4. Full Global Deployment (Q1 – Q2 2027): Scale the platform globally with interoperability standards [3] 5. Long-Term Innovation (Q3 2027 Onward): Monitor advancements in quantum computing and adapt algorithms [3] Industry Context - The healthcare technology market is experiencing significant growth, with the global AI in healthcare market projected to reach $187.69 billion by 2030, growing at a CAGR of 38.62% from 2025 to 2030 [6] - The health data interoperability market is expected to reach $352.13 billion by 2032, with a CAGR of 22.65% from 2025 to 2032 [7] - The blockchain in healthcare market is projected to reach $193.43 billion by 2034, with a CAGR of 35.08% from 2025 to 2034 [7] Security Needs - Over 500 million healthcare records have been compromised since 2020, with average incident costs reaching $10.93 million in 2024, highlighting the urgent need for secure data sharing solutions [8] Competitive Positioning - Qubitera Holdings aims to lead the digital transformation in healthcare by integrating AI, blockchain, and interoperability, which is seen as a unique market opportunity to improve medical information flow and patient outcomes [9]

Core Viewpoint - SEALSQ Corp has initiated the deployment of its GSMA-accredited eUICC technology, integrating Post-Quantum cryptographic security to enhance mobile and IoT communications against current and future cyber threats [1][2][3]. Group 1: Technology and Innovation - The eUICC technology enables mobile phones, IoT devices, and connected infrastructure to benefit from advanced security measures that protect against quantum computing threats [2][6]. - SEALSQ's solution includes a GSMA Root CI-accredited Root Certificate Authority based in Switzerland, ensuring digital sovereignty and maximum trust within the global mobile ecosystem [3]. - The technology supports secure identification and authentication of eSIMs and Subscription Management entities, facilitating a transition from physical SIM cards to dynamic, remotely provisioned profiles [3][4]. Group 2: Applications and Market Impact - In smart city applications, SEALSQ's eUICC ensures data integrity and resilience, allowing municipalities to deploy IoT solutions confidently [4]. - The technology provides secure connectivity for industrial IoT applications across various sectors, safeguarding critical data [4][9]. - SEALSQ has invested in WISeSat.Space, enabling Telcos to access a satellite constellation for secure IoT connectivity, extending services from Earth to space [5]. Group 3: Future-Proofing and Security - The Post-Quantum-ready eUICC technology offers robust encryption, protecting mobile communications and financial transactions from quantum threats [6][8]. - This deployment represents a significant opportunity for Telcos and enterprises to enhance security and enable new business models in the context of AI and quantum computing [7]. - SEALSQ is focused on developing Post-Quantum Semiconductors that provide protection for sensitive data across various applications, ensuring organizations remain secure against quantum threats [9].