Indicate by check mark whether the registrant files or will file
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 Signs MOU with ITCENGLOBAL,
a KRW 8.9 Trillion Korean IT Group, to Advance Post-Quantum Security Across Korea's Financial, Public-Sector, and Enterprise Infrastructure
Collaboration with ITCENGLOBAL's
security platform subsidiary, ITCEN PNS, will integrate post-quantum cryptography, secure authentication, and quantum-safe infrastructure
for financial, public-sector, and enterprise systems
VANCOUVER, BC, Aug. 13, 2026 /CNW/ -- BTQ Technologies
Corp. ("BTQ" or the "Company") (Nasdaq: BTQ) (CBOE CA: BTQ), a global technology company
building the trust infrastructure for the quantum era, today announced that it has signed a Memorandum of Understanding ("MOU")
with ITCENGLOBAL CO., Ltd. ("ITCENGLOBAL") (KOSDAQ: 124500), one of Korea's largest IT services groups, through its listed
security platform subsidiary ITCEN PNS Co., Ltd. ("ITCEN PNS") (KOSDAQ: 232830).
The signed MOU establishes a framework for collaboration
between BTQ and ITCEN PNS to integrate post-quantum cryptography ("PQC"), quantum-safe authentication, and next-generation security
infrastructure for Korean and international markets. The collaboration will focus on areas where quantum-resistant security is becoming
increasingly important, including financial networks, digital identity, biometric authentication, public-sector systems, and enterprise
security platforms.
Partner Scale and Market Position
ITCENGLOBAL is the holding company of the ITCEN Group,
a KOSDAQ-listed Korean IT services group operating approximately 20 subsidiaries across public-sector infrastructure, finance, cloud,
AI, security, enterprise IT, and digital asset platforms. The group reported consolidated revenue of approximately KRW 8.9 trillion (approximately
US$6 billion) for the 2025 fiscal year, with its IT services segment contributing approximately KRW 1.2 trillion, and was upgraded to
the Premier Companies section of the KOSDAQ market in 2026.
The group's operating companies hold long-standing
positions in Korea's most sensitive infrastructure markets. ITCEN Entec, formerly Ssangyong Information & Communications, is recognized
as Korea's first systems integration company and serves public-sector, defense, and large enterprise customers. ITCEN CTS, formerly Comtec
Systems, is a leading network integration provider, and ITCEN Cloit operates the group's cloud managed services business, including operations
in Japan.
ITCEN PNS, formerly Secucen Co., Ltd., is the group's
dedicated security platform subsidiary and has been independently listed on the KOSDAQ market since 2023. The company develops biometric
authentication, electronic signature, mobile security, data security, and digital financial security solutions, and its systems are deployed
across Korean banks and insurers.
Regulatory-Grade Post-Quantum Credentials
ITCEN PNS has been active in the practical deployment
of quantum-resistant cryptography in Korea. In July 2026, the company obtained KCMVP validation -- Korea's national cryptographic module
validation program -- for a hybrid cryptographic module that combines established public-key cryptography with NIST-standardized post-quantum
algorithms, including ML-KEM for key encapsulation. KCMVP validation is a prerequisite for cryptographic products supplied into Korean
government and public institution environments.
The company also has capabilities in KPQC, the Korean
post-quantum cryptography standard, and participated in the Korea Internet & Security Agency's Zero Trust pilot program, in which
a quantum-resistant security model was applied in a domestic banking environment.
Strategic Rationale
The collaboration aligns BTQ's post-quantum security
capabilities with ITCEN PNS's certified cryptographic products and the ITCEN Group's established delivery channels across public-sector,
financial, and enterprise customers in Korea.
"ITCENGLOBAL is one of Korea's most significant
technology groups, with deep relationships across public-sector, financial, and enterprise infrastructure," said Olivier Roussy
Newton, CEO and Chairman of BTQ Technologies. "ITCEN PNS has already done the difficult work of taking post-quantum cryptography
through national validation and into live financial environments. That combination of regulatory credibility and real deployment channels
is exactly what turns quantum-safe technology into adoption. Korea is one of the most important markets globally for the transition to
quantum-safe infrastructure, and this collaboration supports BTQ's mission of Building Trusted Quantum technologies for the systems that
matter most."
Post-quantum cryptography is becoming a priority for
governments, financial institutions, and critical infrastructure operators as organizations prepare for the long-term security risks posed
by quantum computing. Sensitive information protected by today's cryptographic systems may be vulnerable in the future, creating an urgent
need for migration planning, testing, and deployment of quantum-resistant security technologies.
Under the signed MOU, BTQ and ITCEN PNS will evaluate
opportunities to integrate, test, and commercialize quantum-safe security solutions across relevant use cases. These include secure financial
communications, digital identity systems, biometric authentication platforms, blockchain and Web3 security, and broader enterprise and
government security infrastructure.
The MOU further strengthens BTQ's presence in Korea,
where the Company has continued to build relationships across post-quantum cryptography, hardware-rooted security, financial infrastructure,
and quantum-safe communications. The collaboration with ITCENGLOBAL and ITCEN PNS reflects BTQ's strategy of working with established
regional partners that have direct access to enterprise, financial, and public-sector deployment environments.
"ITCEN PNS is focused on building next-generation
security platforms for public institutions, financial organizations, and enterprise customers," said Won-gyu Park, Chief Executive
Officer of ITCEN PNS. "As organizations prepare for the post-quantum transition, technical credibility and implementation experience
will be critical. BTQ has established meaningful expertise in post-quantum cryptography, quantum-safe networks, and hardware-rooted security
architectures. This collaboration gives us a strong framework to evaluate how those capabilities can be applied to practical security
environments across Korea's financial, public-sector, and enterprise infrastructure."
About ITCENGLOBAL
ITCENGLOBAL CO., Ltd. (KOSDAQ: 124500) is the holding
company of Korea's ITCEN Group, providing technology services across public-sector, financial, enterprise, cloud, AI, security, digital
transformation, and digital asset markets. Founded in 2005 and listed on the KOSDAQ market in 2014, the group operates approximately 20
subsidiaries, including ITCEN Entec, ITCEN CTS, ITCEN Cloit, ITCEN CORE, and ITCEN PNS. Formerly known as Itcen Co., Ltd., the company
changed its name to ITCENGLOBAL in April 2025.
About ITCEN PNS
ITCEN PNS Co., Ltd. (KOSDAQ: 232830) is the security
platform subsidiary of the ITCEN Group, listed on the KOSDAQ market since 2023. Formerly Secucen Co., Ltd., the company develops biometric
authentication, electronic signature, mobile and data security, and post-quantum cryptography solutions for financial institutions, public
agencies, and enterprises in Korea.
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 developing 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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SOURCE BTQ Technologies Corp.
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%CIK: 0001821866
For further information: For further information: E: desk@btq.tech;
Bill Mitoulas, Investor Relations, T: +1.416.479.9547, E: bill@btq.tech
CO: BTQ Technologies Corp.
CNW 07:30e 13-AUG-26