VANCOUVER, BC, December 31, 2024 -- BTQ Technologies Corp. (the "Company"), a global quantum technology company focused on securing mission-critical networks, is pleased to announce the signing of a Memorandum of Understanding ("MOU") with the Future Quantum Convergence Forum ("FQCF"), the Quantum Industrial Standard Association ("QuINSA"), and the Future Quantum Convergence Institute ("QCI"). This collaboration represents a significant step toward fostering global innovation and cooperation in quantum technologies.

The MOU outlines a framework for mutually beneficial activities aimed at advancing business growth, international expansion, and industrial collaboration. Together, the parties will explore initiatives in areas such as industrial standards, events and seminars, and industry-academic cooperation programs.

Key Areas of Collaboration:

1.Industrial Standard Development: Joint efforts to establish and promote quantum industrial standards to accelerate global adoption.

2.Events and Seminars: Organization of collaborative events, both online and offline, to share knowledge and foster partnerships within the quantum technology ecosystem.

3.Industry-Academic Programs: Development of cooperative programs to bridge the gap between academia and industry, facilitating the discovery of new use cases and models for quantum technology industrialization.

"This partnership underscores BTQ's commitment to driving quantum innovation on a global scale," said Nicolas Roussy Newton, Chief Operating Officer of BTQ Technologies. "Collaborating with leading organizations like FQCF, QuINSA, and QCI enables us to accelerate the development of cutting-edge quantum solutions while building stronger ties with the South Korean quantum ecosystem."

"Hyo-Sil Kim, Director of QCI, expressed her expectations, stating, "We look forward to fostering mutually beneficial collaboration in the field of quantum communication with the FQCF, the QuINSA, and Canada's BTQ. This partnership will serve as a significant step toward advancing global quantum technology and standardization."

This partnership is part of BTQ Technologies' ongoing mission to deliver advanced quantum security solutions and contribute to the global quantum technology landscape.

South Korea's Vision for Quantum Technology Leadership

South Korea is making significant strides in quantum technology, highlighted by the enactment of the Quantum Technology Industry Act in 2023, which took effect on November 1, 2024, and the unveiling of its Quantum Science and Technology Strategy in the same year. These initiatives are designed to establish South Korea as a global leader in quantum innovation by 2035.

Key Developments and Goals:

1.Legislative Framework: The Quantum Technology Industry Act establishes a strategic foundation for research, industry growth, and security integration. It mandates a coordinated approach through a Quantum Strategy Committee, chaired by the Prime Minister, which develops comprehensive plans every five years.

2.National Strategy: South Korea aims to achieve:

A 1,000-qubit quantum computer by the early 2030s.

A 100-km quantum network for secure intercity communication

A 10% market share in the global quantum industry.

Training of 2,500 core professionals and 10,000 quantum-related experts by 2035.

The creation of 1,200 quantum technology companies.

3.Infrastructure and Research: Investments include quantum fabs, testing facilities, and designated Quantum Science and Technology Research Centers to foster industry-academia-research collaboration. Efforts also focus on advanced quantum sensors for industrial and defense applications.

4.International Collaboration: South Korea is actively pursuing alliances with the United States, European Union, and other quantum-leading nations. Investment in global cooperation will scale up, promoting joint research, personnel exchange, and international supply chain development.

5.Private Sector Integration: By incentivizing private sector involvement with exclusive licensing and IP rights during technology transfers, South Korea ensures active participation in quantum innovation.

Vision for 2035:

South Korea's strategy reflects a bold vision to become the global hub for the quantum economy, transforming its expertise in internet technologies into quantum communication and computation leadership. The roadmap emphasizes a cohesive ecosystem that integrates national security, academic research, industry growth, and international partnerships.

These initiatives underline South Korea's proactive approach to securing a competitive edge in the global quantum landscape, making it a compelling partner for international collaborations such as BTQ Technologies' recent MOU with Korean quantum organizations.