VANCOUVER, BC, June 17, 2024 - BTQ Technologies Corp. (the "Company"), a global quantum technology company focused on securing mission-critical networks, is pleased to announce the incorporation and registration of its Australian entity, BTQ Technologies Australia Pty Ltd (BTQ AU), with the Australian Securities and Investments Commission (ASIC) as of June 7, 2024.

With a strong foundation and strategic partnerships in place, BTQ AU plans to advance its research and development efforts in quantum algorithms to enhance the security and efficiency of communications. Located in The Quantum Terminal, which forms part of Australia's largest tech and innovation-focused hub, Tech Central, BTQ AU leverages Sydney's vibrant quantum ecosystem. Tech Central strives to forge history and culture with technology to create cutting-edge environments for the next generation of tech businesses. By bridging its expertise in post-quantum cryptography with Australia's leading quantum computer scientists, BTQ AU is committed to contributing to the global quantum technology landscape and ensuring quantum-safe security for future digital networks.

BTQ AU is not only focusing on technological advancements but also on nurturing the next generation of quantum technology specialists. Through its partnerships with Macquarie University and the Sydney Quantum Academy, BTQ AU is actively involved in providing supervision and internships for PhD students. This commitment to education and collaboration ensures that BTQ AU stays at the forefront of quantum research and development while fostering a robust talent pipeline for the industry.

"Sydney is the ideal location for BTQ Australia to establish itself, offering an opportunity to collaborate and integrate with Sydney's flourishing quantum ecosystem and harness the incredible local talent pool Australia has to offer," said Peter Rohde, BTQ's Senior Quantum Researcher. "Sydney's quantum community provides the perfect bridge between BTQ's existing strength in post-quantum cryptography and Australia's world-class quantum computer scientists to realize quantum-safe security."

"The incorporation of BTQ Australia, located in The Quantum Terminal, Sydney, solidifies the company's presence in the Australian quantum ecosystem," said Gavin Brennen, BTQ's Quantum Information Advisor. "The team, consisting of senior quantum information and classical cryptography researchers, is focused on developing quantum algorithms for secure and energy-efficient communications. BTQ Australia has a continuing research collaborative agreement with Macquarie University and is an industry partner with the Sydney Quantum Academy in the CSIRO 'Creating the Next Generation of Quantum Technology Specialists' program, providing supervision and internships for PhD students in quantum technologies. BTQ Australia is also a partner in the Australian Quantum Software Network."