BTQ Technologies appoints Hunter Scharfe as Senior Advisor

BTQ-Technologies-appoints-Hunter-Scharfe-as-Senior-Advisor

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BTQ Technologies has announced the appointment of Hunter Scharfe as Senior Advisor.

This role will see Scharfe advising the company on strategic initiatives aimed at strengthening BTQ’s position within the market and driving long-term growth.

His job role will also include him providing guidance on partnerships, mergers and acquisitions as BTQ continues to expand its global presence.

Prior to his new role

Scharfe is an entrepreneur and financier with nearly a decade of experience as a strategic capital partner and merchant banker.

Scharfe is currently a Partner at a Toronto-based venture capital merchant bank, where he has overseen strategic investments and served as a board member and advisor to companies in emerging sectors such as AI and blockchain.

He also has a Bachelor of Commerce from the University of Toronto’s Rotman School of Management.

Unsecured convertible loan

Alongside the announcement of the new appointment, the company has also a number if other changes including the news that it has closed a $1,000,000 convertible loan with a two-year term.

The loan is convertible at the option of the holder at a price of C$0.40 per share.

BQT expects to use the proceeds from the loan for general corporate and working capital purposes.

BTQ Technologies completes acquisition

BTQ Technologies acquired the assets of Radical Semiconductor, including its innovative CASH architecture that uses processing-in-memory technology for secure, agile and reconfigurable cryptographic solutions.

The company claims that this acquisition will enhance its leadership in post-quantum cryptography and strengthens its quantum-secure communications infrastructure.

Radical’s technology will support BTQ’s growth in sectors like:

  • IoT
  • Financial services
  • Blockchain
  • Government

This will offer scalable and efficient quantum-secure solutions across various emerging markets.

BTQ appoints quantum and cryptography experts

BTQ Technologies strengthened its leadership team with globally recognised experts in quantum computing, cryptography and cybersecurity which underscores the company’s commitment to addressing security challenges posed by large-scale quantum computers.

The new appointees include:

  • Jeffrey Morais as Head of Quantum Software
  • Kohei Suenaga as Zero-Knowledge Cryptography Advisor
  • Eylon Yogev as Post-Quantum Cryptography Advisor
  • Deepesh Singh as Quantum Photonics Advisor

Each brings specialised expertise in areas such as quantum cryptography, formal verification, interactive proof systems and quantum photonics, bolstering BTQ’s capacity to innovate in post-quantum security.

BTQ Technologies joins QuINSA to advance quantum standards

BTQ has joined QuINSA as a founding member, collaborating with global quantum technology leaders like SKT, LG Electronics, IBM and AWS to develop standards for quantum communication, computing and sensing.

QuINSA promotes international collaboration, analyses standardisation trends and partners with global bodies to advance quantum industrialisation and innovation.

During the launch event, BTQ and other industry leaders presented insights on trends and advancements in quantum technologies.

BTQ Technologies announces Mitacs Academic Grants

BTQ Technologies is eligible for up to $435,000 in grants from the Mitacs Accelerate program, which will support IP development and commercialisation efforts.

Under the supervision of Professor Guang Gong at the University of Waterloo, the project will explore efficient zero-knowledge proof-based post-quantum digital signatures, specifically focusing on the efficiency and commercialisation of BTQ’s Preon algorithm.

BTQ and ID Quantique sign an MoU

BTQ Technologies and ID Quantique signed an MoU to co-develop an authentication system combining Quantum Random Number Generators (QRNG) and Post-Quantum Cryptography (PQC).

ID Quantique is a leader in quantum cryptography and BTQ’s PQC signature algorithm, Preon, has received recognition from NIST.

This partnership aims to create a cutting-edge solution to address security challenges posed by both classical and quantum computing threats.

“Strengthens our capabilities and influence”

Olivier Roussy Newton, CEO of BTQ Technologies, commented: “BTQ Technologies is at an exciting juncture with our recent strategic developments solidifying our position as a leader in quantum-secure technology.

“The acquisition of Radical Semiconductor’s ground-breaking cryptographic solutions, coupled with our collaboration with ID Quantique on pioneering authentication systems, demonstrates our commitment to delivering robust security in an era of quantum threats.

“Additionally, the expansion of our leadership team with renowned experts in quantum computing, cryptography and cybersecurity, along with our involvement in QuINSA, strengthens our capabilities and influence within the global quantum community.”

He added: “These initiatives not only enhance our technology portfolio but also position us to meet the evolving security needs of sectors from IoT to financial services.

“We are more confident than ever in our mission to drive innovation and set the standard in quantum-secure communications.”

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