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BTQ Technologies Partners with South Korean Quantum Leaders to Accelerate Innovation
New Collaboration Aims to Strengthen Global Quantum Ecosystem and Drive Technological Advancement
- Strategic Collaboration: BTQ Technologies has signed an MOU with South Korea’s Future Quantum Convergence Forum (FQCF), Quantum Industrial Standard Association (QuINSA), and Future Quantum Convergence Institute (QCI) to drive innovation and foster global cooperation in quantum technologies through initiatives in industrial standards, events, and industry-academic programs.
- South Korea’s Quantum Leadership: The partnership aligns with South Korea’s ambitious Quantum Technology Industry Act, aiming to become a global quantum economy hub by 2035. Plans include developing a 1,000-qubit quantum computer, building a 100-km quantum network, and fostering 1,200 quantum companies.
- BTQ’s Mission: This collaboration underscores BTQ’s commitment to advancing quantum security solutions and strengthening its presence in the rapidly growing South Korean quantum ecosystem, furthering its mission to safeguard global digital infrastructure against emerging quantum threats.
VANCOUVER, BC, Dec. 31, 2024 /PRNewswire/ – BTQ Technologies Corp. (the “Company“) (CBOE CA: BTQ) NG BTQQF, a global quantum technology company focused on securing mission-critical networks, announces its 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 cooperation marks a significant move towards encouraging global innovation and collaboration in quantum technologies.
The MOU outlines a framework for wide-ranging activities aimed at promoting business growth, international expansion, and industrial cooperation. The involved parties will engage in initiatives concerning industrial standards, organized events, and partnerships between industry and academia.
Key Areas of Collaboration:
- Industrial Standard Development: Collaborating to establish and promote quantum industrial standards that can accelerate global adoption.
- Events and Seminars: Hosting collaborative events, both online and offline, to enhance knowledge sharing and build partnerships within the quantum technology sector.
- Industry-Academic Programs: Creating cooperative programs to align academia with industry needs, thus enabling the discovery of new applications for quantum technology.
“This partnership demonstrates BTQ’s commitment to fostering quantum innovation globally,” stated Nicolas Roussy Newton, Chief Operating Officer of BTQ Technologies. “Working with prominent organizations like FQCF, QuINSA, and QCI allows us to accelerate the progress of advanced quantum solutions while strengthening connections with South Korea’s quantum ecosystem.”
Additionally, Hyo-Sil Kim, Director of QCI, expressed optimism about the collaboration, saying, “We look forward to building mutually beneficial relationships in quantum communication with FQCF, QuINSA, and Canada’s BTQ. This partnership is a crucial step toward the advancement of global quantum technology and standardization.”
This collaboration is part of BTQ Technologies’ ongoing mission to provide leading-edge quantum security solutions and contribute to the evolving landscape of quantum technology worldwide.
South Korea’s Vision for Quantum Technology Leadership
South Korea is rapidly advancing in quantum technology. The Quantum Technology Industry Act was established in 2023, taking effect on November 1, 2024, alongside the introduction of its Quantum Science and Technology Strategy. These steps aim to position South Korea as a worldwide leader in quantum innovation by 2035.
Key Developments and Goals:
- Legislative Framework: The Quantum Technology Industry Act lays the groundwork for research, industry expansion, and security measures. It necessitates a unified approach through a Quantum Strategy Committee chaired by the Prime Minister, which is responsible for developing comprehensive plans every five years.
- National Strategy: South Korea aims to achieve:
- A 1,000-qubit quantum computer by the early 2030s.
- A 100-km quantum network for secure city-to-city communication.
- A 10% market share in the global quantum industry.
- Training of 2,500 core professionals and 10,000 quantum-related experts by 2035.
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South Korea Dives into Quantum Technology with New Strategic Initiatives
Fostering Infrastructure and Research
1,200 quantum technology companies aim to enhance South Korea’s position in the global market. The government is investing in advanced quantum fabs, testing facilities, and dedicated Quantum Science and Technology Research Centers. This initiative promotes collaboration between academia and industry to create cutting-edge technology, including advanced quantum sensors for industrial and defense use.
Building International Partnerships
International Collaboration: South Korea is actively forming alliances with the United States, the European Union, and other leading nations in quantum technology. By increasing global cooperation, the goal is to advance joint research, facilitate personnel exchanges, and strengthen international supply chains.
Encouraging Private Sector Participation
Private Sector Integration: The South Korean government is encouraging private sector involvement by offering exclusive licensing and intellectual property rights during technology transfers. This strategy is designed to ensure robust participation in quantum innovation.
Vision for 2035: A Quantum Future
South Korea’s roadmap is bold, aiming to transform the nation into a global hub for the quantum economy. Drawing from its expertise in internet technologies, the country seeks to lead in quantum communication and computation. This comprehensive approach combines national security, academic research, industry growth, and international collaborations.
The commitment to these goals demonstrates South Korea’s proactive stance in securing a competitive edge in the quantum landscape. Notably, BTQ Technologies’ recent memorandum of understanding with Korean quantum organizations underscores this position.
About Future Quantum Convergence Forum (FQCF)
The Future Quantum Convergence Forum (FQCF) serves as a pivotal interface among industry players, academic circles, and research institutions. Its mission is to energize the entire Korean quantum industry ecosystem. For further details, visit https://www.fqcf.org/.
About QuINSA
QuINSA is the industry-led international organization focused on standardizing the quantum information technology sector. Its objectives include:
- Establishing international standards for various quantum technologies
- Researching global trends in quantum standardization
- Promoting use cases and industrial applications
- Collaborating with international standardization bodies
To learn more, visit http://www.qs.or.kr.
About BTQ Technologies
BTQ Technologies Corp. (CBOE CA: BTQ, FSE: NG3, OTCQX: BTQQF) is a Canadian company dedicated to protecting digital infrastructure from quantum cybersecurity threats. Headquartered in Vancouver, with offices in Sydney, Taipei, and Seoul, BTQ collaborates with industry leaders like Foxconn and ID Quantique to develop scalable post-quantum solutions that secure critical data and communications.
Connect with BTQ: Website | LinkedIn
ON BEHALF OF THE BOARD OF DIRECTORS
Olivier Roussy Newton
CEO, Chairman
Neither Cboe Canada nor its Regulation Services Provider is responsible for the adequacy or accuracy of this release.
Forward-Looking Information
Certain statements in this release contain forward-looking statements as defined by applicable securities laws. These statements refer to the company’s future plans, including research partnerships and potential market listings. Phrases like “anticipate,” “expect,” “plan,” or “may” often indicate forward-looking statements.
The company makes several assumptions, including those about business conditions, the development of post-quantum algorithms, and the overall quantum computing industry. While management believes these assumptions are reasonable, no guarantee can be made that the expectations will be accurate. Forward-looking statements are influenced by known and unknown risks that could lead to results different from what is suggested here, such as financing availability or regulatory changes.
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