QPerfect and SDT Launch Cloud Quantum Emulation Service

Insider Brief

• BTQ Technologies Corp. announced that QPerfect SA has partnered with SDT Inc. to integrate the MIMIQ virtual quantum computer into SDT’s QUREKA platform to launch a cloud-based quantum emulation service.
• The service enables large-scale quantum circuit emulation for academic and enterprise users, supporting algorithm testing and hybrid quantum-classical development beyond current hardware limits.
• BTQ, which holds a minority stake in QPerfect and plans to acquire full ownership subject to regulatory approvals, said the collaboration aligns with its strategy to expand software-led quantum infrastructure.

PRESS RELEASE — BTQ Technologies Corp. (“BTQ” or the “Company”) (Nasdaq: BTQ) (CBOE CA: BTQ) (FSE: NG3), a global quantum technology company focused on securing mission-critical networks,  is pleased to announce that QPerfect SA (“QPerfect”), a quantum computing company specializing in quantum emulation and enabling scalable and fault-tolerant architectures, in which BTQ currently holds a 16.67% interest and anticipates acquiring full ownership subject to satisfaction of closing conditions (see press release dated November 11, 2025), has entered into a strategic collaboration agreement with SDT Inc. (“SDT”), a South Korea-based quantum design and manufacturing company, to integrate QPerfect’s high-performance virtual quantum computer, MIMIQ, into SDT’s QUREKA hybrid quantum computing platform.

Under the agreement, SDT will integrate MIMIQ into QUREKA to launch a new cloud-based quantum emulation service designed for research institutions, industrial R&D teams, and enterprise innovation programs.

SDT is a partner of GS Group, one of South Korea’s largest conglomerates, and also partners with LG Electronics. SDT also maintains academic collaborations with leading Korean universities, including Seoul National University, Korea University, and KAIST. SDT’s founder and CEO, Jiwon Yune, previously trained and conducted research under Professor Vladan Vuletić at MIT and Professor Mikhail Lukin at Harvard, both founders of QuEra, as well as Professor Jeffrey Shapiro at MIT.

Expanding QUREKA with Large-Scale Quantum Emulation

This new service expands QUREKA with large-scale quantum emulation capabilities designed for both academic and industrial users.

• Design, test, and validate quantum algorithms before deploying them to hardware.
• Explore complex quantum use cases that exceed the capabilities of current hardware devices.
• Prepare scalable software workflows for next-generation quantum processors and fault-tolerant architectures.
• Accelerate research and enterprise quantum adoption through a production-grade cloud-hosted quantum emulation service.

The service is now live, following integration, security validation, and training phases completed in recent months.

MIMIQ: Enabling Scalable Quantum Development

MIMIQ is a high-performance virtual quantum computer leveraging advanced simulation techniques, including state-vector and Matrix Product State (MPS) methods. It enables the emulation of quantum circuits with up to thousands of qubits and millions of gates – extending beyond the practical limits of current physical quantum hardware.

MIMIQ forms the first layer of QPerfect’s Quantum Logical Unit (QLU), a multi-layered framework designed to accelerate the transition from today’s noisy devices to tomorrow’s fault-tolerant quantum computing architectures.

Executive Commentary

Philippe Blot, CEO of QPerfect, said, “This collaboration with SDT demonstrates how scalable quantum emulation can accelerate global quantum R&D. By integrating MIMIQ into QUREKA, we enable researchers and enterprises to develop, validate, and optimize quantum algorithms today while preparing for tomorrow’s fault-tolerant quantum systems.”

Jiwon Yune, CEO of SDT, said, “Integrating MIMIQ significantly expands the computational capabilities available through QUREKA. This partnership strengthens our platform’s ability to support large-scale hybrid quantum development for both academic and industrial users.”

Olivier Roussy Newton, CEO of BTQ Technologies, said, “This agreement reinforces BTQ’s strategy of building and scaling foundational software infrastructure that helps move quantum computing from experimentation toward real deployment. By embedding QPerfect’s MIMIQ emulation into SDT’s QUREKA platform, we are expanding access to large-scale quantum development workflows today, while staying aligned with the long-term path to fault-tolerant systems.”

Global Quantum Simulation Platforms Market

By focusing on cloud quantum simulation, QPerfect and SDT position MIMIQ + QUREKA to address a fast-growing market for software-led quantum development, testing, and validation workflows delivered through enterprise-ready cloud environments.

According to Fact.MR, the global quantum simulation platforms market is valued at USD 885 million in 2025 and is projected to reach USD 3.8 billion by 2035, implying a 15.7% CAGR from 2025 to 2035, with Software representing the leading segment in 2025 at 38.6% market share.

From a regional perspective, Grand View Research estimates that Asia Pacific accounted for 25.6% of global quantum computing revenue in 2024, reinforcing the strategic relevance of expanding cloud-based quantum development infrastructure across APAC.

In South Korea specifically, SDT estimates the Korean quantum simulation market at approximately USD 100 million in 2024, forecast to reach USD 800 million by 2033, representing an estimated 28.1% CAGR over the period.

Status update on BTQ’s anticipated acquisition of QPerfect

The transaction remains subject to customary closing conditions, including French foreign direct investment (FDI) approval.