Insider Brief
- BTQ Technologies has received French regulatory approval to complete its acquisition of quantum software company QPerfect, subject to commitments protecting the company’s operations, R&D, and intellectual property in France.
- The acquisition adds QPerfect‘s quantum emulation, digital twin, and quantum control technologies to BTQ‘s portfolio, supporting development of quantum-ready infrastructure and secure communications.
- BTQ said the acquisition also establishes Strasbourg as a European R&D hub, strengthening its capabilities in quantum software, neutral-atom computing, and research collaborations.
Press release – BTQ Technologies Corp. (“BTQ” or the “Company”) (Nasdaq: BTQ) (CBOE CA: BTQ), a global quantum technology company focused on securing mission-critical networks, is pleased to announce that it has received regulatory approval from the French Foreign Direct Investment (“FDI”) authorities for its previously announced acquisition (the “Acquisition”) of the remaining ordinary shares of QPerfect SAS (“QPerfect”), a French quantum computing company based in Strasbourg, France, specializing in quantum software, emulation, digital twin capabilities, and control systems.
The FDI clearance has been delivered subject to precise and detailed commitments imposed by the French Ministry for the Economy and Finance. In particular, these conditions require the maintenance of QPerfect‘s registered office in France, the appointment of a French corporate officer, the continuity of R&D activities, and the protection of intellectual property. These commitments reflect the will to preserve QPerfect’s technological assets and strategic know-how in a sector that is critical to the technological sovereignty of France and Europe, and closely align with the objectives of BTQ.
QPerfect is led by a team of scientists and engineers who have spent years advancing the frontier of neutral atom physics, quantum optics, quantum software engineering, and quantum system design. Founded in 2023, the company is recognized with the i-Lab Grand Prix and is known for breakthrough work in quantum emulation, bringing world-class quantum software, emulation, digital twin, and control capabilities for neutral atom platforms. QPerfect’s technologies are designed to help researchers, developers, and hardware manufacturers model, test, benchmark, and control quantum systems before and during deployment on quantum hardware.
The total purchase price for the Acquisition is comprised of (a) €18,592,242.83 paid on closing (the “Closing Consideration”), which consisted of €2,024,000.13 paid in cash and €16,568,242.70 paid by the issuance of 2,195,929 common shares in the capital of BTQ (“Common Shares”); and (b) an earnout payment of up to €5,672,680.72 (the “Earnout Consideration”), consisting of €440,604.07 payable in cash and €5,232,076.65 payable by the issuance of 693,450 Common Shares, with all Common Shares being issued at a price of approximately €7.54 per share based upon the applicable trading price as at the time the Acquisition was agreed upon. The Earnout Consideration is dependent on the achievement of certain milestones. In connection with the Acquisition, the Company also issued 198,808 restricted share units to Philippe Blot, the CEO of QPerfect, who is continuing on in his role with QPerfect.
Strategic Rationale
The Acquisition strengthens BTQ’s ability to build technologies for the transition from classical infrastructure toward trusted quantum systems. For BTQ, “Building Trusted Quantum Technologies” means preparing modern network infrastructure to securely co-exist with quantum computers. This is achieved by protecting modern systems from quantum-enabled threats, helping future networks remain secure, verifiable, and trusted throughout the quantum transition.
As organizations begin preparing for post-quantum cryptography, complexities surrounding efficiency and implementation are becoming critical challenges for adoption. Quantum-safe cryptography can introduce larger keys, heavier computational requirements, more complex handshakes, and new constraints for embedded systems, telecommunications infrastructure, defense environments, and other performance-sensitive networks. BTQ believes the transition will require not only new cryptographic standards, but also optimized hardware, software, simulation, and control layers that make quantum-secure systems practical to deploy at scale.
By integrating QPerfect’s technology and team, BTQ adds three important capabilities to its expanding trusted quantum infrastructure stack:
- MIMIQTM, QPerfect’s benchmark-leading quantum emulator, which enables developers and researchers to design, test, and validate quantum algorithms in software before deploying them on quantum hardware. Designed to outperform existing simulators and current quantum computers in targeted benchmark environments, MIMIQTM has demonstrated stable 100+ qubit simulations on standard computing infrastructure, helping lower the barrier to large-scale quantum algorithm development, validation, and security testing.
- Digital Twin, QPerfect’s system modeling capability, which is designed to create software-based representations of quantum systems, helping researchers and hardware developers simulate, optimize, and better understand quantum architectures and performance before physical deployment.
- Quantum Logical Unit, or QLUTM, QPerfect’s multi-layered control framework, which is designed to support the development of scalable, fault-tolerant quantum systems.
Together, these capabilities are expected to support practical validation and testing frameworks for quantum-ready infrastructure, including next-generation TLS handshakes, PQC migration validation, quantum-safe secure communications, protocol resilience, interoperability testing, and hybrid quantum-classical network environments. These use cases are particularly relevant for defense, telecommunications, critical infrastructure, and other sectors where secure communications must be tested, validated, and hardened before deployment.
“Completing the acquisition of QPerfect is an important milestone for BTQ,” said Olivier Roussy Newton, CEO and Chairman of BTQ. “QPerfect brings world-class quantum software, emulation, digital twin, and neutral atom expertise into our organization. These capabilities expand our technology stack and advance our mission of Building Trusted Quantum technologies by helping organizations prepare for the software, modeling, validation, and control layers required for future quantum systems.”
“We built QPerfect to solve one of the hardest problems in quantum computing — making quantum systems testable, reproducible, and deployable at scale,” said Philippe Blot, CEO of QPerfect. “BTQ shares that ambition, and brings the global infrastructure and security focus to help us go further, faster. This partnership with BTQ comes at the right time for quantum technology and aligns perfectly with the long-standing collaboration between France and Canada, recently strengthened by the joint statement on quantum sciences and technologies signed on May 29, on the sidelines of the French-presided Digital G7. We are particularly pleased to continue developing QPerfect in France, on the campus of the European Center for Quantum Sciences (CESQ).”
QPerfect’s Strasbourg Hub Anchors BTQ’s European R&D
Through the Acquisition, BTQ will further anchor its European quantum research and development activities in Strasbourg, France, within a growing academic, scientific, and industrial quantum ecosystem.
QPerfect’s location and network provide BTQ with access to specialized talent, research partnerships, and technical expertise across quantum simulation, control systems, neutral atom computing, and quantum design automation. The Company expects this European presence to support ongoing collaboration with universities, research institutions, and industrial partners as BTQ continues to develop deployable trusted quantum technologies.
Research, Grants, and In-House Expertise
QPerfect has established strong research relationships across the EU quantum ecosystem, including collaborations with universities, research institutions, and industrial partners in quantum computing. These relationships provide QPerfect with access to specialized expertise across quantum simulation, neutral atom computing, quantum design automation, and control systems, while supporting continued development of technologies for scalable quantum systems.
QPerfect’s in-house expertise is also reflected in recent research aligned with its emulation, Digital Twin, and QLUTM roadmap:
- Noise tailoring for error mitigation and diagnosing digital quantum computers
Direct link: https://arxiv.org/abs/2601.04830
This paper introduces Noise Tailoring, a method designed to modify the structure of two-qubit gate noise through statistical sampling. In classical emulation, the authors report that Noise Tailoring combined with error mitigation can be up to five times more accurate than error mitigation alone for realistic Pauli noise, while also proposing the method as a diagnostic tool for hardware development. - Correlated Atom Loss as a Resource for Quantum Error Correction
Direct link: https://arxiv.org/abs/2603.24237
This paper is directly relevant to neutral-atom architectures and QPerfect’s work in QLUTM and Digital Twin modeling. It introduces a decoder that exploits correlated atom-loss structures in neutral-atom quantum processors, reporting up to an order-of-magnitude reduction in logical error probability and an increase in the loss threshold from 3.2% to 4%.
Together, these grants, publications, and research activities reinforce QPerfect’s role as a research-driven quantum software company advancing the simulation, validation, and control layers needed for scalable neutral-atom quantum systems.
