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BTQ Technologies and ICTK Sign Memorandum of Understanding to Advance Quantum-Secure Hardware Solutions

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BTQ Technologies (BTQQF) and ICTK have signed a Memorandum of Understanding to jointly develop quantum-secure hardware solutions. The partnership combines BTQ's expertise in post-quantum cryptography with ICTK's secure chip technologies, focusing on three key areas: Post-Quantum Cryptography (PQC), Physical Unclonable Functions (PUF), and BTQ's proprietary CASH Architecture.

The collaboration will explore the development of quantum-secure cold wallets, integration of BTQ's CASH architecture into ICTK's secure chipsets, and applications in digital identity and IoT security. This strategic partnership aims to create hardware systems capable of withstanding quantum computing threats while enhancing security and performance across various industries.

BTQ Technologies (BTQQF) e ICTK hanno firmato un Memorandum d'Intesa per sviluppare congiuntamente soluzioni hardware sicure contro il quantum. La collaborazione unisce l’esperienza di BTQ nella crittografia post-quantistica con le tecnologie di chip sicuri di ICTK, concentrandosi su tre aree chiave: Crittografia Post-Quantistica (PQC), Funzioni Fisiche Non Clonabili (PUF) e l’architettura proprietaria di BTQ, la CASH Architecture.

La partnership esplorerà lo sviluppo di cold wallet sicuri contro il quantum, l’integrazione dell’architettura CASH di BTQ nei chipset sicuri di ICTK e applicazioni nell’identità digitale e nella sicurezza IoT. Questo accordo strategico mira a creare sistemi hardware in grado di resistere alle minacce del calcolo quantistico, migliorando sicurezza e prestazioni in diversi settori.

BTQ Technologies (BTQQF) y ICTK han firmado un Memorando de Entendimiento para desarrollar conjuntamente soluciones de hardware seguras frente a la computación cuántica. La alianza combina la experiencia de BTQ en criptografía post-cuántica con las tecnologías de chips seguros de ICTK, enfocándose en tres áreas clave: Criptografía Post-Cuántica (PQC), Funciones Físicas Incloneables (PUF) y la arquitectura propietaria de BTQ, la CASH Architecture.

La colaboración explorará el desarrollo de carteras frías seguras frente a la computación cuántica, la integración de la arquitectura CASH de BTQ en los chipsets seguros de ICTK y aplicaciones en identidad digital y seguridad IoT. Esta alianza estratégica busca crear sistemas de hardware capaces de resistir las amenazas del cómputo cuántico, mejorando la seguridad y el rendimiento en diversas industrias.

BTQ Technologies (BTQQF)ICTK가 양자 보안 하드웨어 솔루션 공동 개발을 위한 양해각서(MOU)를 체결했습니다. 이번 파트너십은 BTQ의 포스트 양자 암호학 전문성과 ICTK의 보안 칩 기술을 결합하여 포스트 양자 암호학(PQC), 물리적 복제 불가능 함수(PUF), 그리고 BTQ 고유의 CASH 아키텍처 세 가지 핵심 분야에 집중합니다.

이번 협력을 통해 양자 보안 콜드 월렛 개발, BTQ의 CASH 아키텍처를 ICTK의 보안 칩셋에 통합, 디지털 신원 및 IoT 보안 분야 응용을 모색할 예정입니다. 이 전략적 파트너십은 양자 컴퓨팅 위협에 견딜 수 있는 하드웨어 시스템을 구축하고 다양한 산업 분야에서 보안성과 성능을 향상시키는 것을 목표로 합니다.

BTQ Technologies (BTQQF) et ICTK ont signé un protocole d'accord pour développer conjointement des solutions matérielles sécurisées contre les menaces quantiques. Ce partenariat combine l'expertise de BTQ en cryptographie post-quantique avec les technologies de puces sécurisées d'ICTK, en se concentrant sur trois domaines clés : Cryptographie Post-Quantique (PQC), Fonctions Physiques Incloneables (PUF) et l'architecture propriétaire de BTQ, la CASH Architecture.

La collaboration visera le développement de portefeuilles froids sécurisés contre le quantum, l'intégration de l'architecture CASH de BTQ dans les chipsets sécurisés d'ICTK, ainsi que des applications dans l'identité numérique et la sécurité IoT. Ce partenariat stratégique a pour objectif de créer des systèmes matériels capables de résister aux menaces du calcul quantique tout en améliorant la sécurité et les performances dans divers secteurs.

BTQ Technologies (BTQQF) und ICTK haben eine Absichtserklärung unterzeichnet, um gemeinsam quantensichere Hardwarelösungen zu entwickeln. Die Partnerschaft vereint BTQs Expertise in Post-Quantum-Kryptografie mit ICTKs sicheren Chip-Technologien und konzentriert sich auf drei zentrale Bereiche: Post-Quantum-Kryptografie (PQC), Physikalisch Unklonbare Funktionen (PUF) und BTQs proprietäre CASH-Architektur.

Die Zusammenarbeit wird die Entwicklung quantensicherer Cold Wallets, die Integration der CASH-Architektur von BTQ in ICTKs sichere Chipsätze sowie Anwendungen in digitaler Identität und IoT-Sicherheit erforschen. Diese strategische Partnerschaft zielt darauf ab, Hardwaresysteme zu schaffen, die den Bedrohungen durch Quantencomputing standhalten und gleichzeitig Sicherheit und Leistung in verschiedenen Branchen verbessern.

Positive
  • Strategic partnership combines complementary strengths in cryptography and hardware security
  • Development of quantum-secure cold wallets could open new market opportunities
  • Integration of BTQ's CASH architecture into ICTK's chipsets may create competitive advantages
  • Expansion into multiple sectors including digital identity, IoT, and financial infrastructure
Negative
  • MOU is non-binding and only exploratory in nature
  • No specific timeline or financial terms disclosed
  • Success depends on effective integration of different technologies
  • BTQ Technologies and ICTK Sign MOU: The companies will explore joint development of quantum-secure hardware solutions, combining BTQ's cryptographic expertise with ICTK's secure chip technologies.

  • Focus Areas Include Cold Wallets and Embedded Security: Collaboration will assess the co-creation of secure cold wallets, integration of BTQ's CASH architecture, and applications in digital identity and IoT.

  • Strengthening Hardware Against Quantum Threats: By combining post-quantum cryptography with hardware-based protections like PUF, the partnership aims to deliver advanced security for devices in a post-quantum world.

VANCOUVER, BC, May 27, 2025 /PRNewswire/ - BTQ Technologies Corp. (the "Company") (CBOE CA: BTQ) (FSE: NG3) (OTCQX: BTQQF), a global quantum technology company focused on securing mission-critical networks, is pleased to announce the signing of a Memorandum of Understanding (MOU) with ICTK Co., Ltd. ("ICTK"), a South Korea-based pioneer in hardware-level security technologies. Through this strategic collaboration, the two companies will explore the joint development of next-generation hardware systems designed to be secure in the age of quantum computing.

The agreement outlines plans to explore cold wallet and embedded device security solutions that bring together BTQ's deep expertise in post-quantum cryptography (PQC) with ICTK's experience in secure chip technologies, including Physical Unclonable Functions (PUF) and PQC integration at the hardware level.

Strengthening the Future of Device Security

The collaboration will focus on combining complementary strengths in cryptography and hardware design, centered around three key areas of innovation:

Post-Quantum Cryptography (PQC)
As quantum computing advances, many of today's encryption methods will become vulnerable. PQC is a new class of cryptographic algorithms designed to remain secure even against quantum-level attacks. BTQ is a specialist in this field, and ICTK is exploring how to bring these protections directly into hardware to help ensure secure communications, data storage, and transactions well into the future.

Physical Unclonable Functions (PUF)
PUF technology turns every silicon chip into a unique, unreplicable fingerprint by leveraging tiny, random variations from the manufacturing process. This identity can be used to verify devices and generate cryptographic keys without ever storing them—greatly reducing the risk of hacking. ICTK applies this technology to secure chips used in finance, digital ID, and Internet-of-Things (IoT) devices.

BTQ's CASH Architecture
CASH is BTQ's proprietary cryptographic accelerator, purpose-built to handle complex, quantum-safe algorithms quickly and efficiently. The companies will explore integrating this architecture into ICTK's hardware platforms to enhance both security and performance.

Areas of Collaboration

  • Co-developing a quantum-secure cold wallet for storing digital assets.

  • Embedding BTQ's CASH architecture into ICTK's secure chipsets.

  • Exploring opportunities across digital identity, IoT security, and quantum-resilient financial infrastructure.

"Our partnership with ICTK is a significant step toward delivering secure, scalable, and future-proof hardware," said Olivier Roussy Newton, CEO of BTQ Technologies. "Together, we aim to build the backbone of quantum-secure systems across industries that rely on trusted devices."

"This is an important step toward building a quantum-secure future," said Jungwon Lee, CEO of ICTK. "Together with BTQ, we look forward to combining our innovations to bring new security solutions to market."

About ICTK Co., Ltd.
ICTK is a South Korea-based semiconductor security company specializing in hardware-based authentication and cryptographic solutions. The company is known for its implementation of Physical Unclonable Function (PUF) technology and integration of post-quantum cryptographic standards into secure chip designs. ICTK's solutions are deployed across sectors including finance, digital identity, mobility, and IoT, enabling secure and scalable infrastructure for a digitally connected future.

http://en.ictk.com/

About BTQ
BTQ was founded by a group of post-quantum cryptographers with an interest in addressing the urgent security threat posed by large-scale universal quantum computers. With the support of leading research institutes and universities, BTQ is combining software and hardware to safeguard critical networks using unique post-quantum services and solutions.

Connect with BTQ: Website | LinkedIn

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, including with respect to its research partnerships, and anticipated markets in which the Company may be listing its common shares. 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 is the purpose of the BTQ Technologies and ICTK partnership?

The partnership aims to develop quantum-secure hardware solutions by combining BTQ's post-quantum cryptography expertise with ICTK's secure chip technologies, focusing on cold wallets and embedded security solutions.

What are the main technologies involved in the BTQ (BTQQF) and ICTK collaboration?

The collaboration focuses on three key technologies: Post-Quantum Cryptography (PQC), Physical Unclonable Functions (PUF), and BTQ's proprietary CASH Architecture for cryptographic acceleration.

What markets will the BTQ and ICTK partnership target?

The partnership will target markets including digital asset storage (cold wallets), digital identity solutions, IoT security, and quantum-resilient financial infrastructure.

How will BTQ's CASH Architecture be used in the partnership with ICTK?

BTQ's CASH Architecture will be explored for integration into ICTK's hardware platforms to enhance security and performance in processing quantum-safe algorithms.

What is the significance of PUF technology in the BTQ-ICTK partnership?

PUF technology creates unique, unreplicable fingerprints for silicon chips, enabling secure device verification and cryptographic key generation without storage, reducing hacking risks.
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