/NOT FOR DISTRIBUTION TO
- BTQ is pleased to be joining the Quantum Industry Canada ("QIC") consortium, along with other leading quantum technology companies such as DWave and Xanadu
- Quantum Industry Canada's mission is to ensure that Canadian quantum innovation and talent is translated into Canadian business success and economic prosperity
- Earlier this year, the Canadian Minister of Innovation, Science, and Industry announced a
$1.4 million investment in QIC as part of the National Quantum Strategy
BTQ is pleased to make further inroads into the Canadian quantum technologies space by joining a list of prestigious QIC member companies such as DWave, Xanadu, evolutionQ, agnostiQ, and 1Qbit.
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"We are happy to welcome another innovative Canadian quantum technologies company in BTQ to the consortium. We look forward to working alongside BTQ's team and the rest of the consortium to cement Canada's position as a leader in quantum commercialization."
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Quantum Industry Canada's mission is to ensure that Canadian quantum innovation and talent is translated into Canadian business success and economic prosperity. They do so by facilitating opportunities for representatives from key industries to meet with QIC members to explore solutions to real-world problems using quantum technology. QIC also aims to strengthen the relationship between the
Earlier this year, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced an investment of
To further drive collaboration and commercialization, QIC recently announced it signed a memorandum of understanding to establish the
For more information on the QIC, visit www.quantumindustrycanada.ca
The
The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, made an announcement in
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
CEO, Chairman
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This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in
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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