BTQ Technologies Secures French FDI Clearance for Full Acquisition of QPerfect to Build Fault-Tolerant Sovereign Infrastructure

Quantum networking and security developer BTQ Technologies Corp. (Nasdaq: BTQ | CBOE CA: BTQ) has received final regulatory approval from the French Foreign Direct Investment (FDI) authorities to complete the absolute acquisition of quantum software specialist QPerfect SAS. The cross-border clearance, issued by the French Ministry for the Economy and Finance, enforces strict sovereign mandates to protect local intellectual property. These constraints require QPerfect to maintain its registered headquarters on the campus of the European Center for Quantum Sciences (CESQ) in Strasbourg, France, appoint a native French corporate officer, and guarantee the absolute continuity of domestic research and development operations.

[ QPerfect Total Acquisition Capital ] Closing Consideration ──► €18.59 Million (€2.02M cash + 2.19M common shares at €7.54 par) Earnout Consideration ──► Up to €5.67 Million (€440K cash + 693K milestones-tied common shares) Restricted Units ──► 198,808 RSUs allocated to CEO Philippe Blot for local retention

The total transaction architecture consists of a €18,592,242.83 payment executed on closing—composed of €2,024,000.13 in cash and €16,568,242.70 settled via the issuance of 2,195,929 BTQ common shares. The agreement also features a performance-contingent milestone earnout of up to €5,672,680.72, structure-split between €440,604.07 in cash and 693,450 common shares. All equity considerations were pegged to a benchmark trading price of approximately €7.54 per share. To ensure long-term managerial continuity at the Strasbourg R&D hub, BTQ issued 198,808 restricted share units (RSUs) to QPerfect Chief Executive Officer Philippe Blot, who will continue directing the subsidiary's European deep-tech operations.

The merger combines BTQ’s post-quantum cryptography (PQC) validation pipeline with QPerfect’s advanced hardware-emulation and simulation software stack. As commercial networks prepare to migrate toward quantum-resistant algorithms—which introduce significantly heavier computational loads, larger cryptographic keys, and intensive handshake constraints into defense and telecommunications routing layers—the combined entity will leverage three proprietary QPerfect core technologies to validate and stress-test target network fabrics before physical deployment:

• MIMIQ™: A benchmark-leading quantum emulator designed to outperform traditional simulators by executing stable 100+ qubit simulations on standard classical computing infrastructure, allowing engineers to benchmark next-generation Transport Layer Security (TLS) handshakes and PQC protocol resilience.

• Digital Twin: A high-fidelity system modeling framework engineered to generate software-based representations of neutral-atom quantum processors to optimize hardware architectures before cleanroom fabrication.

• Quantum Logical Unit (QLU™): A multi-layered quantum control and automation framework explicitly tuned to support scalable, fault-tolerant operating systems.

[ Published R&D Technical Artifacts ] Noise Tailoring ──► Modifies two-qubit gate noise geometry to boost error mitigation precision by 5x. Atom-Loss Tuning ──► Exploits correlated atom-loss decoders to raise neutral-atom loss thresholds to 4%.

The acquisition integrates QPerfect’s peer-reviewed physical insights directly into BTQ's intellectual property portfolio. The Strasbourg team's recent research breakthroughs include a foundational paper on Noise Tailoring, a statistical sampling methodology that restructures two-qubit gate noise geometries to improve classical emulation accuracy by up to five times compared to standalone error mitigation methods. A secondary parallel paper, Correlated Atom Loss as a Resource for Quantum Error Correction, details a specialized software decoder that maps correlated atom-loss structures in neutral-atom arrays. This software optimization yields an order-of-magnitude reduction in logical error probability while successfully expanding the physical hardware loss tolerance threshold from 3.2% to 4%.

The unified company will utilize the Strasbourg hub to leverage institutional ties formalized by the Franco-Canadian joint statement on quantum sciences and technologies, signed on May 29 on the sidelines of the French-presided Digital G7. By embedding QPerfect’s localized foundries and engineering talent into BTQ’s international security framework, the transaction enables the accelerated commercialization of full-stack, quantum-safe communication channels and validated network hardware built for global enterprise deployment.

The official acquisition disclosures, regulatory compliance conditions, and executive statements can be audited via the BTQ Technologies Corporate Newsroom here. The underlying physical proofs and algorithmic frameworks can be reviewed across the arXiv research archives, tracking the noise tailoring error mitigation methodologies here and the correlated neutral-atom loss error-correction models here.

July 1, 2026