Mr. Olivier Roussy Newton reports

BTQ TECHNOLOGIES APPOINTS DR. GOPIKRISHNAN MURALEEDHARAN AS HEAD OF QUANTUM ALGORITHM AND APPLICATIONS RESEARCH, ADVANCES SYDNEY OPERATIONS AND GLOBAL QUANTUM INITIATIVES

BTQ Technologies Corp. has appointed Dr. Gopikrishnan Muraleedharan as head of quantum algorithm and applications research. Based full time in BTQ's Sydney, Australia, office, Dr. Muraleedharan will lead the company's quantum algorithms research team and help advance its quantum proof-of-work (QPoW) initiative.

Dr. Muraleedharan brings more than a decade of research experience in quantum algorithms, quantum information and quantum simulations. He holds a PhD in physics from the University of New Mexico and completed postdoctoral research at Los Alamos National Laboratory and Macquarie University. Over the past three years, he has collaborated with BTQ as an adviser and research partner, contributing directly to the development of patentable technologies. His transition into a full-time leadership role comes at an important stage in BTQ's growth.

"We are very pleased to welcome Dr. Gopikrishnan, or Gopi, Muraleedharan as head of quantum algorithm and applications research," said Olivier Roussy Newton, chief executive officer and chairman of BTQ Technologies. "Gopi has already been an important contributor to BTQ's research efforts over the past several years, and his appointment reflects both the strength of that collaboration and the momentum we are building across our broader technology road map. As we continue advancing initiatives such as QPoW, one-shot signatures, QCIM and our work with QPerfect, deep expertise in quantum algorithms is increasingly important. Gopi brings the technical depth, research leadership and familiarity with our platform needed to help translate advanced theory into practical technologies for secure computing and next-generation digital infrastructure."

Advancing quantum algorithm research and security initiatives

Dr. Muraleedharan's appointment strengthens BTQ's ability to advance QPoW, one-shot signatures (OSS) and related quantum algorithm development.

QPoW is BTQ's quantum-native approach to consensus, designed to explore how quantum computational processes may be used to support secure network validation in future digital systems. One-shot signatures, meanwhile, are a form of hash-based digital signature intended for limited or single-use signing, offering a postquantum cryptographic approach that can help reduce exposure to the risks associated with traditional public-key schemes in a quantum era.

These efforts are also aligned with QPerfect's MIMIQ emulation platform and neutral-atom hardware road map, supporting BTQ's broader work across quantum software, security and infrastructure.

Sydney office supports QCIM commercialization and regional expansion

BTQ's Sydney office continues to serve as a strategic hub for the company's Asia-Pacific operations. BTQ has been awarded the Australian government's industry growth program advisory service grant in support of the commercialization of its quantum compute-in-memory (QCIM) initiative, marking an important step toward regional deployment of BTQ's postquantum cryptography hardware.

BTQ has also continued to expand its presence across the region through sponsorship of events, including Black Swan Summit 2026 in Perth and Quantum Australia Conference 2026 in Adelaide. These efforts reinforce BTQ's growing visibility and thought leadership across the Asia-Pacific quantum ecosystem, a region the company's FY (fiscal year) 2025 earnings presentation identified as having one of the highest concentrations of new postquantum cryptography road maps globally.

BTQ's QCIM intellectual property is also nearing productization. Validated FPGA IP is currently available to early partners, ASIC IP performance estimates for ML-KEM, ML-DSA, SHA-3 and AES are targeted for Q2 (second quarter) 2026, and development boards for QCIM IP are expected to debut in Q3 (third quarter) 2026. BTQ's 13-person QCIM engineering team is now nearly complete, with 12 of 13 key roles filled.

QPerfect collaboration expands BTQ's quantum software capabilities

As part of BTQ's broader quantum software strategy, the company's team is working directly with QPerfect researchers in Strasbourg, France. BTQ has exercised its option to acquire QPerfect, a leading neutral-atom quantum computing company, with a two-million-euro equity injection completed. Completion of the full acquisition remains subject to regulatory approval.

The collaboration includes joint hardware-software co-design work with the aQCess neutral-atom quantum computer at the University of Strasbourg, noise model validation and continued development of the Quantum Logic Unit (QLU), which is designed to function as an orchestration layer for fault-tolerant quantum computation.

QPerfect's team has also expanded with eight new PhD-level hires across research, development, hardware, DevOps and applications. In parallel, the team has published three research papers and three affiliated publications with the University of Strasbourg covering quantum emulator benchmarking, chemistry applications and quantum error correction. A formal public-private partnership with the European Centre for Quantum Sciences (CESQ) is also under way to further expand the academic research network around these efforts.

MIMIQ has also been integrated into SDT Inc.'s Qureka hybrid platform, supporting the launch of a live cloud-based quantum emulation service across Asia-Pacific.

Dr. Muraleedharan added: "I am incredibly excited to officially step into the role of head of quantum algorithm and applications research at BTQ Technologies. Having worked closely with the team over the past three years, it has been rewarding to see our collaborative efforts translate into foundational intellectual property. My doctoral and postdoctoral research has provided a strong theoretical foundation for the challenges we are addressing, and I look forward to building on that work as we continue developing practical and innovative quantum technologies."

About BTQ Technologies Corp.

BTQ Technologies 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 postquantum security solutions for finance, telecommunications, logistics, life sciences and defence.

We seek Safe Harbor.