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annual reports under cover of Form 20-F or Form 40-F.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, there unto duly authorized.
Exhibit 99.1
BTQ Technologies Advances
Quantum Reliability at Scale with First General Theory of Error Correction for Permutation-Invariant Codes
Co-authored by BTQ Chief Quantum
Officer Dr. Gavin K. Brennen, the research introduces a new error-correction framework for permutation-invariant codes - an enabling step
toward more reliable quantum systems at scale.
| • | BTQ Chief Quantum Officer Dr. Gavin K. Brennen co-authored new collaborative
research with Macquarie University and Yingkai Ouyang (University of Sheffield), reinforcing BTQ's direct role in advancing foundational
quantum science.
|
| • | The paper introduces what the authors describe as the first general theory
of quantum error correction for permutation-invariant (PI) codes, including efficient algorithms to correct correctable errors and
a simpler approach for certain erasure/deletion errors.
|
| • | The work targets a core industry bottleneck - improving reliability as
quantum systems scale - and supports BTQ's long-term strategy to build quantum and post-quantum infrastructure for secure, resilient
next-generation computing and networks.
|
| • | BTQ is advancing commercialization in parallel through its quantum software
platform, including QPerfect's tooling for quantum development and operations - such as QLU for fault-tolerant quantum control and
MIMIQ for high-speed quantum emulation - bridging foundational research with product-focused execution. |
VANCOUVER, BC, April 16, 2026 /CNW/ - BTQ
Technologies Corp. ("BTQ" or the "Company") (Nasdaq: BTQ) (CBOE CA: BTQ), a global quantum
technology company focused on securing mission-critical networks, today highlighted new collaborative research led through the work of
Chief Quantum Officer Dr. Gavin K. Brennen, advancing quantum error correction for permutation-invariant codes.
BTQ-Led Research Contribution with Macquarie University
and University of Sheffield
The research, conducted as new work from BTQ and Macquarie
University with Yingkai Ouyang at the University of Sheffield, reinforces BTQ's direct role in foundational quantum research. Dr. Brennen
is a co-author of the paper alongside Dr. Ouyang, underscoring BTQ's active involvement in advancing core scientific frameworks that may
support more resilient next-generation quantum systems.
What the Paper Introduces: A General Error-Correction
Framework for Permutation-Invariant Codes
In the paper, A theory of quantum error correction
for permutation-invariant codes, the authors present what they describe as the first general theory of error correction for permutation-invariant,
or PI, codes. According to the abstract, the work introduces efficient algorithms that can correct any correctable error on any PI code,
and also presents a simpler quantum error correction algorithm for certain erasure and deletion errors.
Advancing Reliability as Quantum Systems Scale
In simple terms, this research addresses one of the
biggest obstacles in quantum computing: keeping quantum systems accurate and reliable as they scale. By advancing new methods for correcting
errors more efficiently, BTQ is contributing to the foundational infrastructure required to move quantum technology from theory toward
practical, real-world use. This reinforces BTQ's role in developing core intellectual property and technical expertise in areas expected
to be critical to the long-term evolution of quantum computing and secure quantum systems. This significance is grounded in the paper's
focus on quantum error correction, which is broadly considered a core requirement for robust quantum systems.
"This work reflects BTQ's commitment to advancing
the foundational technologies that will underpin practical quantum systems," said Gavin Brennen, Chief Quantum Officer of BTQ
Technologies. "By contributing directly to research in quantum error correction, BTQ is helping expand the theoretical tools
needed to protect quantum information and improve the resilience of future quantum technologies. In the end, quantum machines will process
information using codes that provide the best performance for a target application, be it storing quantum memory for communications, acquiring
signals for quantum sensing, or fault tolerant quantum computing. We showed that PI codes, which are less well studied than stabilizer
codes, are capable of correcting standard errors as well as errors that other codes can't, and at the same time are simpler to control
in some architectures."
The paper marks a progression from the team's earlier
work on PI codes for error-corrected quantum sensing and code switching for universal gates, highlighting BTQ's continued momentum in
this research track.
Foundational R&D Supporting Secure Quantum
Infrastructure
BTQ continues to advance commercialization across
its quantum technology platform, pairing foundational research with product-focused execution. Through QPerfect, BTQ is progressing software
and tooling designed to support the development and operation of next-generation quantum systems, including QLU - fault-tolerant quantum
control software intended to bridge high-level quantum programs to error-corrected execution. By combining applied product development
with ongoing innovation in core enabling layers such as quantum error correction, BTQ is focused on building durable, commercially relevant
capabilities that support the long-term deployment of secure and scalable quantum technologies.
BTQ continues to support research and development
across quantum and post-quantum technologies, with a focus on high-value technical domains that align with the Company's long-term strategy
in secure computation, communications, and mission-critical infrastructure. By combining advanced research with commercialization-focused
development across its broader platform, BTQ aims to build durable long-term value at the intersection of quantum innovation and security.
About BTQ
BTQ Technologies Corp. (Nasdaq: BTQ | Cboe CA: BTQ) is a quantum technology company focused on accelerating the transition from classical
networks to the quantum internet. Backed by a broad patent portfolio and deep technical expertise, BTQ is advancing a full-stack, neutral-atom
quantum computing platform spanning 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, 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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For further information: For further information: E: desk@btq.tech; Bill
Mitoulas, Investor Relations, T: +1.416.479.9547, E: bill@btq.tech; Media Contact: BTQ@kcsa.com
CO: BTQ Technologies Corp.
CNW 07:30e 16-APR-26