BTQ Technologies completes QCIM + PUF security chip design

BTQ Technologies Corp. has completed the design of its next-generation QCIM + PUF security chip for the quantum era in collaboration with ICTK Co., Ltd. The partnership combines BTQ's in-house Quantum Compute-in-Memory (QCIM) security intellectual property with ICTK's VIA PUF technology. This integration creates a hardware-rooted security platform designed to support unique device authentication, cryptographic acceleration, and trusted device identity at the silicon level.

Technology Integration

The new chip leverages the distinct capabilities of both companies to address security challenges in the quantum computing era. BTQ's QCIM technology focuses on securing mission-critical networks, while ICTK's VIA PUF technology provides a foundation for secure element chips. The collaboration aims to deliver a robust solution for device-level security.

Production Status

Following the completion of the design phase, BTQ Technologies Corp. has moved into the production preparation stage. The company is advancing toward manufacturing the chips, which are intended to provide cryptographic acceleration and secure identity management for future devices.

Entity	Role	Technology
BTQ Technologies Corp.	Quantum Technology Company	QCIM
ICTK Co., Ltd.	Secure Element Chip Company	VIA PUF

BTQ Technologies Corp. and its strategic partner SDT Inc. have commercially launched QuREKA, a hybrid quantum cloud platform powered by QPerfect's MIMIQ emulator, at Quantum Korea 2026. The platform, unveiled at the Dongdaemun Design Plaza in Seoul from July 2 to 4, integrates CPU, GPU, and QPU resources to allow users to build and test quantum algorithms. This launch marks the transition of MIMIQ from an early-access integration to a fully commercialized service, providing Korean research institutions and enterprises with direct cloud-based access to QPerfect's technology. The deployment aligns with BTQ's strategy to pair quantum software with regional partners and follows its participation in the Korea-Canada Roundtable to strengthen bilateral quantum cooperation.

Acquisition and Integration

QPerfect SAS, the French developer of MIMIQ, is expected to become a wholly-owned subsidiary of BTQ following the completion of a previously announced acquisition. BTQ received regulatory approval from French Foreign Direct Investment authorities for this transaction. The total purchase price comprises a closing consideration of €18,592,242.83 and a potential earnout payment of up to €5,672,680.72. The closing consideration was paid through €2,024,000.13 in cash and the issuance of 2,195,929 common shares. The earnout is contingent on milestone achievements and consists of €440,604.07 in cash and 693,450 common shares. All shares were issued at approximately €7.54 per share.

Transaction and Management Details

Component	Amount (€)	Payment Method
Closing Consideration	18,592,242.83	Cash and Common Shares
Cash Paid on Closing	2,024,000.13	Cash
Shares Issued on Closing	16,568,242.70	2,195,929 Common Shares
Earnout Consideration	5,672,680.72	Cash and Common Shares
Cash Payable for Earnout	440,604.07	Cash
Shares Issuable for Earnout	5,232,076.65	693,450 Common Shares

In connection with the acquisition, BTQ issued 198,808 restricted share units to Philippe Blot, the CEO of QPerfect, who will continue in his role. The acquisition strengthens BTQ's portfolio in quantum software, emulation, and digital twin capabilities.

Strategic Expansion and Technology

MIMIQ allows users to design and validate circuits at scales of up to thousands of qubits, exceeding the limits of current physical hardware. SDT operates and commercializes the QuREKA platform, while QPerfect provides the MIMIQ back end. Alongside the cloud platform, SDT showcased its full-stack quantum portfolio at Quantum Korea 2026, including a new 4 K cryogenic system and a pulse-tube cryocooler. The event featured industry partners such as IonQ, NVIDIA, and QuantWare, highlighting the growing collaboration between global quantum ecosystems.