By QPerfect
November 11, 2025
STRASBOURG, FRANCE, Nov. 11, 2025 – QPerfect – QPerfect SAS (“QPerfect”), a French quantum computing company based at the European Center for Quantum Science (“CESQ”) in Strasbourg, is pleased to announce that BTQ Technologies Corp. (“BTQ”) (Nasdaq: BTQ) (CBOE CA: BTQ) (FSE: NG3), a global quantum technology leader, has made a strategic investment of approximately €2 million for a minority stake in QPerfect and has simultaneously exercised its option to acquire all outstanding securities of the company.
This collaboration marks a significant step toward building an integrated, end-to-end quantum technology platform that unites advanced cryptography, quantum emulation, and fault-tolerant quantum control under a single corporate structure. The closing of the acquisition is expected by the end of 2025, subject to conditions including French foreign direct investment (FDI) approval and stock exchange clearance.
● Full acquisition of QPerfect: BTQ will acquire all of QPerfect, a leading neutral atom quantum computing company, based at the heart of the European Center for Quantum Science (CESQ) in Strasbourg. This move establishes BTQ as a fully integrated quantum technology company. QPerfect’s patents and software records will remain registered in France, which supports European legal and governance requirements.
● Deep tech integration: QPerfect’s tools do two important jobs. MIMIQ, an industry leading quantum emulator, lets engineers design and test quantum programs in software at high speed before using real hardware. The Quantum Logical Unit adds the control layer that keeps quantum systems stable and scalable. Bringing these into BTQ’s cryptographic platform will speed the design, testing, and rollout of post-quantum security, one-shot signatures, and applications for finance and communications
● Adoption and partnerships: MIMIQ is already used by leading quantum groups and enterprise customers in Europe, Asia, and North America, and has been validated through France and Singapore collaborations such as Eureka, as well as peer reviewed work with hardware partners including QuEra and Quantinuum. QPerfect also has research and licensing agreements with institutional partners such as CRS4 in Italy and industrial partners including Quobly in France, reinforcing commercial traction and supporting recurring software licensing and collaborative quantum research services.
● European R&D hub in Strasbourg with flagship programs: BTQ will anchor its European research and development in Strasbourg, collaborating closely with leading universities and national programs. Early milestones include demonstrating the Quantum Logical Unit on local neutral atom hardware and piloting next generation, quantum-safe digital signatures on live systems. This setting helps turn rigorous research into dependable products more efficiently.
● Consolidated IP portfolio enabling scalable, fault-tolerant quantum: The combination brings a strong set of European patents and registered software that cover how to control, test, and scale quantum systems. A new framework with regional tech transfer partners provides a path to exclusive commercial rights on future joint results. This supports BTQ’s plan to move from research to industrial scale solutions in neutral atom computing and post-quantum security
Building a Vertically Integrated Quantum Platform
The acquisition enhances BTQ’s technology stack by uniting its cryptographic design and applied quantum security expertise with QPerfect’s emulation, automation, and fault tolerant control frameworks. QPerfect’s MIMIQ platform, an industry leading quantum emulator, delivers high speed, large scale quantum emulation that links algorithm design to hardware execution, while the Quantum Logical Unit (QLU) provides the control layers needed to scale neutral atom systems. The unified team will accelerate work on post-quantum network protocols, one-shot signatures, and quantum secure financial applications.
Industry Collaborations and Benchmark Validation
QPerfect’s MIMIQ platform is already in use with leading quantum groups and enterprise customers across Europe, Asia, and North America. It has been validated through France and Singapore collaborations such as Eureka, and through peer reviewed publications developed with major hardware partners, including QuEra and Quantinuum. These collaborations produced data showing MIMIQ’s ability to operate at scale and to model error correction and control systems with high accuracy. QPerfect has also signed research and licensing agreements with institutional partners such as CRS4 in Italy and industrial partners, including Quobly in France, along with other European quantum initiatives, reinforcing the platform’s commercial footprint ahead of full integration into BTQ’s portfolio.
These deployments position BTQ and QPerfect to add recurring software licensing and collaborative quantum R&D services as well as implement its post-quantum cryptography applications in world-leading quantum computing platforms.”
Together, these capabilities move BTQ from a specialist in post-quantum security to a fully integrated quantum technology company. Establishing Strasbourg as the European research hub places BTQ within a leading academic and industrial ecosystem that supports rigorous collaboration and efficient translation of research into products. Retaining QPerfect’s patents and software registrations in France strengthens the intellectual property base and aligns with European governance requirements. Overall, the combination creates a clear path from research to industrial scale implementation in quantum secure communications and neutral atom computing, while improving BTQ’s ability to partner with regulators, governments, and enterprise customers.
Competitive Positioning and European Expansion
QPerfect’s integration into BTQ Technologies positions the combined group as Europe’s leading software-driven developer of neutral atom quantum architectures, distinct from hardware-intensive players. While certain players focus primarily on building large-scale neutral atom hardware arrays, QPerfect’s strength lies in the software and control layer that enables scalable fault tolerance and quantum-to-classical orchestration.
QPerfect specializes in the abstracted control systems that make neutral atom platforms programmable, error-tolerant, and hardware-agnostic. Its flagship Quantum Logical Unit (QLU) and MIMIQ emulator stack provide a modular software alternative that can interface with multiple neutral atom architectures and academic partners under the aQCess program in France.
By combining QPerfect’s advanced error correction and simulation capabilities with BTQ’s leadership in post-quantum cryptography, the acquisition aims to create a comprehensive ecosystem that bridges hardware-based quantum development with secure, enterprise-ready quantum communication and cryptographic infrastructure.
Strategic Roadmap Towards Quantum Advantage
Following the consolidation of QPerfect into BTQ Technologies, the combined entity will pursue a phased strategic roadmap designed to commercially deploy quantum‑secure applications.
● Quantum Logic Unit Prototype and One‑Shot Signature Blueprint: QPerfect has initiated development of a Quantum Logic Unit (QLU) prototype, an accelerator bridging high‑level quantum circuits with machine‑level error‑corrected code for neutral atom quantum processors. In parallel, the team is developing a blueprint for quantum one‑shot signatures, a post‑quantum cryptographic primitive designed for use on scalable quantum architectures.
● Hardware Integration and Fault‑Tolerant Demonstrations: BTQ and QPerfect aim to first demonstrate the QLU prototype with neutral atom hardware being built in Strasbourg. This phase will also advance quantum one‑shot signature testing on live hardware, bridging cryptography and physics in an applied environment.
● Quantum Advantage and Industrialization: BTQ and QPerfect plan to demonstrate commercial quantum advantage using scalable neutral atom platforms. This will mark the industrialization phase for BTQ’s fault‑tolerant quantum computing systems, paving the way for practical post‑quantum cryptographic applications and quantum‑secure infrastructure commercialization.
Team Collaboration and Scientific Excellence
- Dr. Gavin K. Brennen, Chief Quantum Officer at BTQ, is a recognized authority in quantum computation, simulation, and neutral atom physics. His work has influenced modern implementations of fault tolerant application scale quantum systems and post-quantum cryptographic protocols.
- Prof. Shannon Whitlock, Co-Founder of QPerfect and Professor of Quantum Physics at the Université de Strasbourg, leads experimental research in neutral atom computation, Rydberg interactions, and quantum simulation and coordinates national and European programs including aQCess.
- Prof. Guido Pupillo, Co-Founder of QPerfect, Professor of Physics at the Université de Strasbourg and Director of CESQ, leads theoretical work on neutral atom architectures, quantum simulation, and control, and coordinates the EU Quantum Flagship EuRyQa while co-coordinating the French aQCess program. Prof. Pupillo manages one of Europe’s most productive programs in quantum simulation and neutral atom architectures. He is a principal inventor on cornerstone patents that define the Quantum Logical Unit and the QPerfect control stack.
- Dr. Johannes Schachenmayer, Co-Founder of QPerfect and CNRS researcher at the Université de Strasbourg, leads a group on computational quantum many-body theory at ISIS and CESQ, specializing in large scale numerical methods and emulator design, and holds an ERC Consolidator grant.e preparation for chemistry
- Dr. Guido Masella, Co-Founder of QPerfect and Chief Technology Officer, specializes in computational physics and the numerical simulation of complex quantum systems. He leads QPerfect’s technical development in the emulation and compilation of quantum algorithms for fault-tolerant quantum computers.
Intellectual Property and Portfolio
QPerfect maintains one of France’s most advanced quantum software portfolios, including European patent families that address quantum resource allocation, fault tolerant control, hybrid algorithm emulation, and system level orchestration, as well as registered software that underpins MIMIQ and the Quantum Logical Unit.
Leadership Commentary
Olivier Roussy Newton, CEO of BTQ, commented: “By acquiring QPerfect, BTQ transforms from a post-quantum cryptography company into a vertically integrated quantum technology leader. This acquisition aligns software and hardware capabilities under one vision, to deploy quantum-secure solutions at an industrial scale and accelerate the global transition to quantum-safe infrastructure. It not only strengthens our presence within the European quantum ecosystem but also reinforces BTQ’s with the highest standards of quantum technology.”
Philippe Blot, CEO of QPerfect, added: “Our journey with BTQ has demonstrated the powerful synergies between algorithm design and neutral atom quantum architecture. Becoming part of BTQ ensures that QPerfect’s technology will reach its full potential in next-generation applications that demand both speed and provable security.”
Philippe Lucet, Director of BTQ, commented: “This transaction demonstrates BTQ’s long-term commitment to integrating European innovation within a secure and transparent governance framework. By consolidating QPerfect’s intellectual property and scientific expertise under BTQ’s global structure, we have created a solid legal foundation for collaboration and growth across borders.”
About QPerfect
QPerfect is a French quantum computing company based in Strasbourg, led by a team of scientists and engineers recognized for their pioneering work in neutral atom physics, quantum optics, and quantum software engineering, and specializing in quantum computing and quantum design automation. Founded in 2023, the deeptech company has received the i-Lab Grand Prix and provides powerful technology to enable researchers, developers, and manufacturers to realize the full potential of quantum computers.
At the core of QPerfect’s innovation is the Quantum Logical Unit (QLU), a multi-layered framework designed to accelerate quantum development. Its flagship product, MIMIQ, forms the first layer of the QLU and offers a cutting-edge platform that executes quantum algorithms with unmatched speed, accuracy, and flexibility — surpassing existing simulators and current quantum computers. For more information, please visit https://qperfect.io.
About BTQ
BTQ Technologies Corp. (Nasdaq: BTQ | Cboe CA: BTQ | FSE: NG3 ) is a vertically integrated quantum company accelerating the transition from classical networks to the quantum internet. Backed by a broad patent portfolio, BTQ pioneered the industry’s first commercially significant quantum advantage and now delivers a full-stack, neutral-atom quantum computing platform with end-to-end hardware, middleware, and post-quantum security solutions for finance, telecommunications, logistics, life sciences, and defense.
Forward-Looking Information
Certain statements herein contain forward-looking statements and forward-looking information (collectively, “forward-looking information“) within the meaning of applicable securities laws. Such forward-looking information includes but is not limited to: the proposed acquisition of QPerfect and the expected timing thereof; the satisfaction of closing conditions for the acquisition of QPerfect; the benefits and outcomes of the investment in and acquisition of QPerfect; and statements or information with respect to the business plans of the Company and QPerfect, including with respect to their respective research partnerships. Forward-looking 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 information.
The Company has made numerous assumptions including among other things assumptions about: the benefits of the investment in and acquisition of QPerfect; the ability to close the acquisition of QPerfect and obtain regulatory and stock exchange approval thereof; the anticipated costs and expenditures for the investment in and acquisition of QPerfect; the ability for QPerfect to accomplish certain milestones in connection with the acquisition, and the timing thereof; no material changes in tax laws in Canada, France or the European Union; with the Acquisition, BTQ becomes Europe’s leading software driven developer of neutral atom architectures; general business and economic conditions; the development of post-quantum algorithms and quantum vulnerabilities; and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive.
Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking information herein will prove to be accurate. Forward-looking information is based on assumptions and involves known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking information. These factors include risks relating to: the acquisition of QPerfect may not close on the terms set forth herein, or at all; risks relating to the receipt of all requisite approvals and satisfaction of conditions for the acquisition of QPerfect, including foreign direct investment (FDI) approval by French authorities on satisfactory terms, approval of the stock exchange and other necessary approvals; risks associated with the business of QPerfect given its limited operating history; the ability to realize synergies by vertically integrating the Company and QPerfect following the completion of the acquisition; 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 Company’s and QPerfect’s 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 and quantum technology); 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. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
