🧾 What This Document Is

This is a full-year 2025 corporate update released by BTQ Technologies. It's a news release (Exhibit 99.1) attached to a 6-K filing, which is a report foreign companies submit to the SEC. Think of it as the company's annual progress report to the public and investors, highlighting major achievements and its strategic direction.

🏢 What The Company Does

👉 In simple terms, BTQ is building the security upgrade for the internet, specifically to protect it from the future threat of quantum computers.

Quantum computers will be incredibly powerful, and they could break much of the encryption that currently protects everything from bank transactions to Bitcoin. BTQ's job is to create and install the new, "quantum-resistant" locks and security systems before that happens. They aren't making quantum computers themselves; they are making the critical security infrastructure that will need to be everywhere once those computers arrive.

💰 Financial Highlights & Position

The company ended 2025 with C$20,939,224 in cash. This is their war chest to fund operations and execute their plans across their different business areas.

They also have a "universal shelf registration" in place. This is a regulatory tool that gives them the option to raise money in the future if needed for strategic investments or acquisitions, but they stress any such move would be done carefully to avoid diluting shareholders.

🚀 Key Moves Across Four Pillars

BTQ's strategy is built on four main business lines, each with significant 2025 progress:

1. 🔐 QSSN (Quantum Secure Systems & Networks)

This is their platform for securing digital money systems (like bank networks and digital assets). The big win? It was cited by the U.S. Post-Quantum Financial Infrastructure Framework (PQFIF) as a model architecture. They moved from concept to live pilots with South Korean partners Danal and Finger Inc. in commercial and banking channels.

2. 💾 QCIM (Hardware Acceleration & Secure Elements)

This is about creating the physical chips and hardware security for devices (from IoT to defense systems). Key moves:

• Acquired Radical Semiconductor's CASH architecture, with its co-founders joining BTQ.
• Signed a USD $15 million joint development deal with South Korea's ICTK.
• Started a collaboration with Taiwan's ITRI for silicon validation.
• Opened a commercialization hub in NYC and hired senior talent from Apple, PsiQuantum, Samsung, and others.

3. ⚛️ QPerfect (Neutral-Atom Quantum Platforms)

This division focuses on software and control systems for a type of quantum computer. BTQ has a call option to acquire it. Progress included:

• Closing a €2 million financing round.
• Launching its MIMIQ™ quantum emulation platform with new features and partnerships, including a service on South Korea's QUREKA platform.

4. ₿ Bitcoin Quantum

A highly visible project creating the first quantum-safe version (fork) of Bitcoin. They replaced its old security with new quantum-resistant standards. Launched a live testnet in January 2026, which has already grown to over 50 miners and 200,000 blocks.

📈 Capital Markets & Visibility

BTQ gained recognition from institutional investors by being added to several key indexes and ETFs in late 2025:

• SamsungActive KoAct Global Quantum Computing Active ETF (October)
• MSCI Canada Small Cap Index (November)
• Defiance Quantum ETF (QTUM) (December)

🔮 What's Next: The 2026 Roadmap

The company has clear, ambitious targets for the year ahead:

• QCIM: Have validated FPGA IP for early partners in Q2 2026, debut development boards in Q3.
• QPerfect: Finalize its acquisition and accelerate development of its core technology.
• QSSN: Convert pilots into broader institutional deployments and start monetizing through licensing and fees.
• Bitcoin Quantum: Launch the mainnet (live network) with migration tools targeted for Q2 2026.

⚖️ Big Picture: Strengths & Risks

👍 Strengths:

• Full-Stack Strategy: They are attacking the problem from every angle—software, hardware, chips, and network infrastructure.
• Regulatory Alignment: Their work is already being cited in official frameworks like the PQFIF, giving them credibility.
• Strategic Partnerships: Key deals with companies like ICTK, ITRI, and Danal provide commercial pathways and validation.

⚠️ Risks & Challenges:

• Execution Risk: The plan is incredibly broad and technologically complex. Turning roadmaps into shipping products on time is a huge challenge.
• Market Timing: They are investing heavily ahead of the mainstream quantum threat. Widespread adoption depends on how quickly the threat materializes and regulators mandate changes.
• Competition: The post-quantum security field will attract other established tech and security firms.

🧠 The Analogy

Imagine the entire internet is a city built with glass windows (current encryption). BTQ is the company going from building to building, installing unbreakable quantum-grade windows and doors before a predicted storm of "lock-picking" quantum computers arrives. They're not just selling windows; they're also making the specialized locks, the blueprints, and the security systems for the whole city's upgrade.

📇 Key Contacts & People

• Olivier Roussy Newton, Chief Executive Officer, Chairman
• Investor Relations: T: +1.416.479.9547, E: [email protected]
• Media Contact: [email protected]

🧩 Final Takeaway

BTQ spent 2025 transitioning from a quantum security concept into an executing company with real pilots, silicon partnerships, and a live quantum-safe Bitcoin testnet. Their 2026 challenge is to convert this proof into commercial products and prove their full-stack, infrastructure-focused model can capture value in the coming post-quantum era.