Strategic Quantum Computing Deal: BTQ Takes 16.67% Stake in QPerfect's Revolutionary MIMIQ Platform
Summary
The company provides powerful technology to enable researchers, developers, and manufacturers to realize the full potential of quantum computers, unlocking industry-transforming applications. "We are thrilled to partner with QPerfect as part of our mission to secure the future of digital communications and create applications with quantum advantage," said Olivier Roussy Newton, CEO of BTQ Technologies. "QPerfect brings world-class scientific expertise and quantum software development capabilities that complement BTQs strengths in post-quantum cryptography and hardware acceleration. 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 closing of the investment in QPerfect on the terms contemplated, general business and economic conditions, the development of post-quantum algorithms and quantum vulnerabilities, and the quantum computing industry generally. 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 Companys 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); 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 and as set forth in the Companys most recently filed annual information form.