BTQ Technologies Announces the Award of Academic Grants from Mitacs
Summary
The goal of this project, jointly led by BTQ and the University of Waterloo, is to investigate the efficiency and commercial implementation of , one of the candidates in NISTs Additional Digital Signature Schemes Round 1 for the PQC Standardization Process, submitted by BTQ in July of last year.Guang Gong, the project lead, Professor in the Department of Electrical and Computer Engineering, University Research Chair, and IEEE Fellow, commented on the collaboration: "I am very glad to receive this Mitacs grant with our industrial partner HH-BTQ. The project aims to investigate the efficiency and implementation of Preon (submitted to NIST 2023), a post-quantum digital signature scheme based on the Aurora zero-knowledge non-interactive argument of knowledge (zkSNARK) proof system and the AES circuit for optimized signing and verification processes. With close to 400 employees and offices in Ottawa, Montr\xe9al, Toronto, and Vancouver Mitacs is an integral part of Canadas innovation ecosystem.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.ON BEHALF OF THE BOARD OF DIRECTORSOlivier Roussy NewtonCEO, ChairmanFor further information: E:Neither Cboe Canada nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. 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.