Mr. Olivier Roussy Newton reports

BTQ TECHNOLOGIES AND ICTK COMPLETE DESIGN OF NEXT-GENERATION QCIM SECURITY CHIP INTEGRATING PUF TECHNOLOGY

BTQ Technologies Corp. has completed the design of its next-generation QCIM plus PUF security chip for the quantum era in collaboration with ICTK Co. Ltd., a leading Korean secure element chip company and developer of VIA PUF technology. The chip combines BTQ's in-house quantum compute-in-memory (QCIM) security intellectual property with ICTK's VIA PUF technology, creating a hardware-rooted security platform designed to support unique device authentication, cryptographic acceleration and trusted device identity at the silicon level. Production preparation is now under way.

QCIM is BTQ's soft IP cryptographic accelerator architecture designed to support both classical and postquantum cryptographic functions in a compact, low-power block. By executing cryptographic operations inside the memory subsystem, QCIM is designed to reduce latency, power consumption and data movement while supporting crypto-agile security across a range of chip architectures and connected devices.

The next-generation QCIM quantum-security chip is being developed for use across IoT (Internet of Things), AI (artificial intelligence) devices, industrial systems, secure elements, edge devices, and other connected infrastructure where device authentication, security performance and long-term cryptographic resilience are becoming increasingly important.

PUF, or Physically Unclonable Function, technology enables chips to generate unique hardware-derived identities based on microscopic manufacturing variations. Through the integration of ICTK's VIA PUF technology, BTQ's next-generation chip is designed to combine cryptographic agility with device-level authentication, helping establish whether a device is authentic, trusted and suitable for use within high-assurance networks.

This milestone builds on BTQ's existing collaboration with ICTK. BTQ and ICTK first signed a memorandum of understanding in May, 2025, to explore quantum-secure hardware solutions combining BTQ's post-quantum cryptography expertise with ICTK's secure-chip, PUF and hardware-level security capabilities. In October, 2025, the companies expanded that relationship through a $15-million (U.S.) development and joint investment agreement to co-develop QCIM, with a road map spanning joint design, validation, tape-outs, certification, productization and potential mass production.

ICTK has established partnerships across telecommunications and financial services, including relationships with major mobile network operators such as LG U+, reinforcing the relevance of PUF-based hardware roots of trust for regulated finance, high-assurance communications, IoT, industrial systems and critical infrastructure. The collaboration supports BTQ's expansion in Korea's quantum security market and aligns with the company's broader strategy to commercialize its quantum-secure infrastructure stack across markets where trusted hardware, secure identity and cryptographic agility are becoming essential.

"The recent U.S. executive orders accelerating quantum innovation and postquantum cybersecurity highlight that trusted quantum infrastructure is rapidly becoming a national priority," said Olivier Roussy Newton, chief executive officer and chairman of BTQ. "We believe our QCIM and PUF platform is well positioned to support this transition by enabling hardware-rooted trust, secure device identity and cryptographic agility for critical infrastructure, connected devices, AI systems and industrial networks. Completing the design of our next-generation QCIM quantum-security chip is an important step toward bringing BTQ's security IP into deployable semiconductor infrastructure for the quantum era."

The announcement follows recent U.S. executive orders focused on accelerating quantum innovation and securing the nation against advanced cryptographic attacks. These actions call for faster adoption of postquantum cryptography across federal systems, support for critical infrastructure migration, and continued advancement of a trusted quantum ecosystem spanning research, manufacturing, commercialization and deployment.

BTQ expects to ship test chips to key customers and strategic partners by year-end for performance and functional validation. These test chips are intended to support the company's path toward mass production readiness and global market entry.

With its QCIM and PUF-based platform, developed alongside ICTK's secure element and VIA PUF capabilities, BTQ is positioning itself to address the emerging market for quantum-era security semiconductors, helping build the trusted infrastructure required for connected devices, critical networks and next-generation computing systems.

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 developing 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.