BTQ Announces QPerfect and SDT Launch MIMIQ™-Powered Quantum Emulation Service on QUREKA™

Rhea-AI Summary

BTQ (Nasdaq: BTQ) announced QPerfect's MIMIQ™ has been integrated into SDT's QUREKA™ to launch a cloud-based quantum emulation service now live for customers.

The service went live February 1, 2026, runs on a secure European cloud, emulates circuits of up to thousands of qubits and millions of gates, and is operated commercially by SDT.

BTQ holds a 16.67% interest in QPerfect and anticipates acquiring full ownership pending customary closing conditions and French FDI approval.

Positive

• Service live Feb 1, 2026 for customer access
• MIMIQ emulates up to thousands of qubits and millions of gates
• BTQ holds 16.67% stake in QPerfect with potential full acquisition

Negative

• Pending QPerfect acquisition subject to French FDI approval
• Commercial rollout reliant on SDT operating and commercializing the service

News Market Reaction – BTQ

+5.88% 1.6x vol

69 alerts

+5.88% News Effect

+34.8% Peak in 27 hr 17 min

+$26M Valuation Impact

$474M Market Cap

1.6x Rel. Volume

On the day this news was published, BTQ gained 5.88%, reflecting a notable positive market reaction. Argus tracked a peak move of +34.8% during that session. Our momentum scanner triggered 69 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $26M to the company's valuation, bringing the market cap to $474M at that time. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

BTQ stake in QPerfect: 16.67% Global quantum simulation market 2025: USD 885 million Global quantum simulation market 2035: USD 3.8 billion +5 more

8 metrics

BTQ stake in QPerfect 16.67% Current ownership interest in QPerfect before anticipated full acquisition

Global quantum simulation market 2025 USD 885 million Fact.MR estimate for 2025 quantum simulation platforms market value

Global quantum simulation market 2035 USD 3.8 billion Fact.MR projection for 2035 quantum simulation platforms market

Global market CAGR 15.7% CAGR Projected growth rate for quantum simulation platforms 2025–2035

Software segment share 2025 38.6% Software share of 2025 global quantum simulation platforms market

APAC quantum revenue share 2024 25.6% Asia Pacific share of global quantum computing revenue in 2024

Korea quantum simulation 2024 USD 100 million SDT estimate of Korean quantum simulation market size in 2024

Korea quantum simulation 2033 USD 800 million SDT forecast of Korean quantum simulation market size by 2033

Market Reality Check

Price: $3.81 Vol: Volume 1,422,821 is below...

low vol

$3.81 Last Close

Volume Volume 1,422,821 is below the 20-day average of 2,532,919, suggesting muted pre-news activity. low

Technical Shares at $2.38 are trading below the 200-day MA of $6.32 and far under the $16.00 52-week high.

Peers on Argus

No peers appeared in the momentum scanner and no sector headlines were flagged, ...

No peers appeared in the momentum scanner and no sector headlines were flagged, indicating this move was stock-specific rather than part of a broader quantum/tech sector rotation.

Historical Context

5 past events · Latest: Jan 21 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 21	QCIM chip validation	Positive	-6.5%	Collaboration with ITRI to validate QCIM quantum secure chip in silicon.
Jan 13	ETF inclusion	Positive	-2.8%	Added to VanEck Quantum Computing UCITS ETF, expanding European investor access.
Jan 12	Bitcoin Quantum testnet	Positive	+11.6%	Launch of NIST-compliant quantum-safe Bitcoin testnet using ML-DSA signatures.
Jan 5	Board appointment	Positive	+5.6%	Appointment of Lionel de Saint-Exupéry as director and audit committee chair.
Dec 29	Year-end CEO letter	Positive	-3.1%	Shareholder letter detailing 2025 progress in QCIM, QSSN, and QPerfect assets.

Pattern Detected

Recent BTQ news has often seen mixed reactions, with several seemingly positive strategic updates followed by negative price moves, but occasional strong rallies on crypto-related catalysts.

Recent Company History

Over the last two months, BTQ has reported multiple strategic developments, from QCIM chip validation with ITRI on Jan 21, 2026 to ETF inclusion in a VanEck quantum computing fund on Jan 13, 2026 and the Bitcoin Quantum testnet launch on Jan 12, 2026. Governance was strengthened with a new audit chair on Jan 5, 2026, and a year-end CEO letter on Dec 29, 2025 outlined progress in QCIM, QSSN, and QPerfect. Today’s QPerfect–SDT emulation deal fits BTQ’s broader push into quantum infrastructure.

Market Pulse Summary

The stock moved +5.9% in the session following this news. A strong positive reaction aligns with BTQ...

Analysis

The stock moved +5.9% in the session following this news. A strong positive reaction aligns with BTQ’s strategy of scaling quantum infrastructure via QPerfect’s MIMIQ and SDT’s QUREKA integration. Past events show mixed but sometimes strong upside, such as the Bitcoin Quantum testnet move of 11.59%. Investors would still need to weigh execution risk, BTQ’s position far below its $16.00 52-week high, and how quickly this partnership translates into measurable commercial traction.

Key Terms

quantum emulation, hybrid quantum computing platform, state-vector, matrix product state (MPS), +4 more

8 terms

quantum emulation technical

"launch a new cloud-based quantum emulation service designed for research institutions"

Quantum emulation is the use of classical computers or specialized hardware to mimic how a quantum computer would behave when solving problems, similar to using a flight simulator to rehearse flying without leaving the ground. For investors, it matters because it lets companies test algorithms, validate product ideas, and estimate commercial value or technical risk before true quantum machines are widely available, helping guide R&D spending and timelines.

hybrid quantum computing platform technical

"into SDT's QUREKA™ hybrid quantum computing platform"

A hybrid quantum computing platform combines a quantum processor with conventional (classical) computers or mixes different types of quantum technologies so each handles the tasks it does best. Think of it as a specialist team where one expert tackles hard pattern problems while the rest handle routine work, enabling practical use sooner than pure quantum systems. For investors, it matters because hybrids can deliver real-world advantages faster, lower technical risk, and offer clearer paths to commercial products — but outcomes remain uncertain and development-intensive.

state-vector technical

"leveraging advanced simulation techniques, including state-vector and Matrix Product State"

A state-vector is a compact list of numbers that describes the current condition of a system used by mathematical models—think of it as a snapshot that captures all the variables the model cares about (prices, rates, positions, health metrics, etc.). For investors, it matters because models and trading algorithms use the state-vector to make decisions, run forecasts, or estimate risk, so changes in those key inputs can quickly alter valuations or trading signals.

matrix product state (MPS) technical

"including state-vector and Matrix Product State (MPS) methods"

A matrix product state (MPS) is a compact mathematical format for describing the complex information in a large quantum system by chaining together many small matrix “building blocks” instead of storing one huge list of numbers. For investors, MPS matters because it is a practical tool engineers and researchers use to simulate, validate and optimize quantum hardware and algorithms more cheaply and quickly—like using a scale model to test designs—so it helps gauge technological progress and commercial readiness in companies working on quantum or quantum‑inspired technologies.

quantum circuits technical

"It enables the emulation of quantum circuits with up to thousands of qubits"

A quantum circuit is a planned sequence of operations that manipulates quantum bits (qubits), the basic units of quantum computing, to perform a calculation. Think of it as a recipe or wiring diagram that uses uniquely quantum behaviors—like being in multiple states at once—to solve problems that classical computers handle slowly or not at all. Investors care because advances in quantum circuits can unlock new commercial applications, disrupt encryption, and create opportunities for hardware, software, and service providers.

qubits technical

"emulation of quantum circuits with up to thousands of qubits and millions of gates"

Qubits are the basic units of information in quantum computing, similar to how traditional computers use bits. Unlike regular bits that are either 0 or 1, qubits can represent both at the same time, allowing quantum computers to process complex problems much faster. This potential for unprecedented speed and power could transform industries, making qubits a key focus for investors interested in cutting-edge technology.

fault-tolerant architectures technical

"prepare workflows for next-generation processors and fault-tolerant architectures"

Fault-tolerant architectures are system designs that keep critical services running even when parts fail, using spare components, automatic switching, and isolation so a single fault doesn't bring the whole system down. They matter to investors because they reduce downtime, protect revenue and reputation, and lower the risk of costly outages or regulatory scrutiny—like a multi‑engine airplane that can keep flying if one engine fails, making the business more reliable and investable.

quantum computing architectures technical

"toward tomorrow's fault-tolerant quantum computing architectures"

Quantum computing architectures are the different physical and logical designs for building quantum computers — like choosing between electric, gasoline, or hybrid engines for cars. They describe how basic quantum units (quantum bits) are made, connected, controlled and protected from errors, and determine speed, reliability and cost to scale. Investors care because architecture affects how soon useful machines arrive, which companies gain advantage, and what technical or commercial risks and returns exist.

AI-generated analysis. Not financial advice.

• Strategic partnership: QPerfect and SDT have signed a strategic agreement to integrate QPerfect's high-performance virtual quantum computer MIMIQ™ into SDT's QUREKA™ hybrid quantum platform, creating a new cloud-based quantum emulation service.
  
  
• What it enables: The MIMIQ integration enables QUREKA users to design, test, and validate quantum algorithms at scales beyond today's hardware limits, helping research teams and enterprises accelerate quantum R&D and prepare workflows for next-generation processors.
  
  
• Go-live timeline and delivery model: SDT will operate and commercialize the customer-facing service within QUREKA, while QPerfect provides and maintains the MIMIQ back end in a secure European cloud environment. The service has been available since February 1, 2026. 

VANCOUVER, BC, Feb. 24, 2026 /PRNewswire/ - BTQ Technologies Corp. ("BTQ" or the "Company") (Nasdaq: BTQ) (CBOE CA: BTQ) (FSE: NG3), a global quantum technology company focused on securing mission-critical networks,  is pleased to announce that QPerfect SA ("QPerfect"), a quantum computing company specializing in quantum emulation and enabling scalable and fault-tolerant architectures, in which BTQ currently holds a 16.67% interest and anticipates acquiring full ownership subject to satisfaction of closing conditions (see press release dated November 11, 2025), has entered into a strategic collaboration agreement with SDT Inc. ("SDT"), a South Korea-based quantum design and manufacturing company, to integrate QPerfect's high-performance virtual quantum computer, MIMIQ™, into SDT's QUREKA™ hybrid quantum computing platform.

Under the agreement, SDT will integrate MIMIQ™ into QUREKA™ to launch a new cloud-based quantum emulation service designed for research institutions, industrial R&D teams, and enterprise innovation programs.

SDT is a partner of GS Group, one of South Korea's largest conglomerates, and also partners with LG Electronics. SDT also maintains academic collaborations with leading Korean universities, including Seoul National University, Korea University, and KAIST. SDT's founder and CEO, Jiwon Yune, previously trained and conducted research under Professor Vladan Vuletić at MIT and Professor Mikhail Lukin at Harvard, both founders of QuEra, as well as Professor Jeffrey Shapiro at MIT.

Expanding QUREKA™ with Large-Scale Quantum Emulation

This new service expands QUREKA™ with large-scale quantum emulation capabilities designed for both academic and industrial users.

• Design, test, and validate quantum algorithms before deploying them to hardware.
  
  
• Explore complex quantum use cases that exceed the capabilities of current hardware devices.
  
  
• Prepare scalable software workflows for next-generation quantum processors and fault-tolerant architectures.
  
  
• Accelerate research and enterprise quantum adoption through a production-grade cloud-hosted quantum emulation service.

The service is now live, following integration, security validation, and training phases completed in recent months.

MIMIQ™: Enabling Scalable Quantum Development

MIMIQ™ is a high-performance virtual quantum computer leveraging advanced simulation techniques, including state-vector and Matrix Product State (MPS) methods. It enables the emulation of quantum circuits with up to thousands of qubits and millions of gates—extending beyond the practical limits of current physical quantum hardware.

MIMIQ™ forms the first layer of QPerfect's Quantum Logical Unit (QLU™), a multi-layered framework designed to accelerate the transition from today's noisy devices to tomorrow's fault-tolerant quantum computing architectures.

Executive Commentary

Philippe Blot, CEO of QPerfect, said, "This collaboration with SDT demonstrates how scalable quantum emulation can accelerate global quantum R&D. By integrating MIMIQ™ into QUREKA™, we enable researchers and enterprises to develop, validate, and optimize quantum algorithms today while preparing for tomorrow's fault-tolerant quantum systems."

Jiwon Yune, CEO of SDT, said, "Integrating MIMIQ™ significantly expands the computational capabilities available through QUREKA™. This partnership strengthens our platform's ability to support large-scale hybrid quantum development for both academic and industrial users."

Olivier Roussy Newton, CEO of BTQ Technologies, said, "This agreement reinforces BTQ's strategy of building and scaling foundational software infrastructure that helps move quantum computing from experimentation toward real deployment. By embedding QPerfect's MIMIQ emulation into SDT's QUREKA platform, we are expanding access to large-scale quantum development workflows today, while staying aligned with the long-term path to fault-tolerant systems."

Global Quantum Simulation Platforms Market

By focusing on cloud quantum simulation, QPerfect and SDT position MIMIQ + QUREKA to address a fast-growing market for software-led quantum development, testing, and validation workflows delivered through enterprise-ready cloud environments.

According to Fact.MR, the global quantum simulation platforms market is valued at USD 885 million in 2025 and is projected to reach USD 3.8 billion by 2035, implying a 15.7% CAGR from 2025 to 2035, with Software representing the leading segment in 2025 at 38.6% market share.

From a regional perspective, Grand View Research estimates that Asia Pacific accounted for 25.6% of global quantum computing revenue in 2024, reinforcing the strategic relevance of expanding cloud-based quantum development infrastructure across APAC.

In South Korea specifically, SDT estimates the Korean quantum simulation market at approximately USD 100 million in 2024, forecast to reach USD 800 million by 2033, representing an estimated 28.1% CAGR over the period.

Status update on BTQ's anticipated acquisition of QPerfect

The transaction remains subject to customary closing conditions, including French foreign direct investment (FDI) approval.

About QPerfect
QPerfect is a French quantum software infrastructure company developing the execution layer for next-generation, fault-tolerant quantum computers. Through its Quantum Logical Unit (QLU™) framework, QPerfect bridges abstract quantum algorithms with the physical constraints of advanced hardware platforms. Founded in 2023, QPerfect has received the i-Lab Grand Prix and develops advanced software technologies like MIMIQ™ enabling researchers, developers, and manufacturers to realize the full potential of quantum computing.

For more information, please visit https://qperfect.io

About SDT and QUREKA™
SDT Inc. is a quantum design and manufacturing company enabling quantum systems that can be designed, built, integrated, and operated at scale. QUREKA™ is SDT's hybrid quantum computing platform unifies CPU, GPU, and QPU resources within a secure cloud-based environment.

For more information, please visit https://sdt.inc

About BTQ
BTQ Technologies Corp. (Nasdaq: BTQ | Cboe CA: BTQ | FSE: NG3 ) is a vertically integrated quantum company accelerating the transition from classical networks to the quantum internet. Backed by a broad patent portfolio, BTQ pioneered the industry's first commercially significant quantum advantage and now delivers a full-stack, neutral-atom quantum computing platform with end-to-end hardware, middleware, and post-quantum security solutions for finance, telecommunications, logistics, life sciences, and defense.

Connect with BTQ: Website | LinkedIn | X/Twitter

ON BEHALF OF THE BOARD OF DIRECTORS
Olivier Roussy Newton
CEO, Chairman

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

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, the acquisition of QPerfect, the strategic agreement among QPerfect and SDT, the potential benefits of the strategic agreement, timelines for the launch and the potential success of any product offerings. 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.

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SOURCE BTQ Technologies Corp.

FAQ

What does BTQ (BTQ) announce about MIMIQ integration with SDT's QUREKA platform?

BTQ announced integration of QPerfect's MIMIQ into SDT's QUREKA to offer cloud quantum emulation. According to BTQ, the combined service enables large-scale algorithm design, testing, and validation on a secure European cloud for research and enterprise users.

When did the MIMIQ-powered quantum emulation service on QUREKA go live for BTQ-related customers?

The MIMIQ-powered emulation service became available on February 1, 2026. According to BTQ, the launch followed integration, security validation, and training phases and is now offered commercially via SDT's QUREKA platform.

What technical scale does MIMIQ provide on QUREKA for BTQ users and developers?

MIMIQ supports emulation of circuits up to thousands of qubits and millions of gates. According to BTQ, MIMIQ uses state-vector and MPS methods to extend testing and validation beyond current physical hardware limits.

How does BTQ's ownership stake in QPerfect affect the QUREKA MIMIQ partnership?

BTQ currently holds a 16.67% interest in QPerfect and expects to acquire full ownership subject to closing conditions. According to BTQ, the stake aligns with its strategy to scale foundational quantum software infrastructure.

Are there regulatory conditions affecting BTQ's anticipated acquisition of QPerfect?

Yes, the acquisition remains subject to customary closing conditions and French foreign direct investment approval. According to BTQ, final ownership transfer depends on satisfying those regulatory and closing requirements.