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VANCOUVER - BTQ Technologies Corp. (NASDAQ:BTQ), a quantum technology company whose stock has surged over 2,800% in the past year according to InvestingPro data, announced Monday that Radical Semiconductor co-founders Sean Hackett and Zach Belateche have joined the company full-time to accelerate the commercialization of post-quantum cryptography solutions.
Hackett will serve as Head of Silicon Product while Belateche takes on the role of Head of Hardware Security. Anne Reinders continues as Head of Cryptography at the quantum technology company.
The move follows BTQ’s acquisition of Radical Semiconductor assets and advances the company’s plans to bring Radical’s Cryptographically Agile Secure Hardware (CASH) to market. CASH is a memory-centric acceleration architecture designed for post-quantum cryptography that will be integrated into BTQ’s Quantum Compute in Memory (QCIM) platform.
According to performance tests cited in the company’s press release, CASH can deliver up to one million digital signatures per second and up to five times faster encryption processing compared to leading secure hardware solutions. The architecture also features ultra-low power consumption and a compact design suitable for integration into constrained environments.
BTQ plans to offer CASH as silicon IP, a discrete co-processor, and in future chiplet-based configurations. The technology targets applications in payments, Internet of Things, identity, and telecommunications sectors. With a market capitalization of approximately $955 million and a strong current ratio of 6.8, InvestingPro data shows the company maintains healthy liquidity to support its growth initiatives.
"Adding Sean and Zach full-time, alongside Anne’s ongoing leadership, strengthens our ability to commercialize post-quantum hardware and software at speed," said Olivier Roussy Newton, CEO of BTQ Technologies.
The company stated that its roadmap aligns with United States policy direction on post-quantum cryptography and industry frameworks such as the Post Quantum Financial Infrastructure Framework, which outlines adoption paths for financial institutions.
BTQ Technologies is focused on securing mission-critical networks against quantum computing threats through its quantum technology solutions. While analysts expect continued sales growth, InvestingPro analysis indicates the company is currently trading above its Fair Value. Discover 12 additional exclusive ProTips and comprehensive financial metrics for BTQ by visiting InvestingPro.
In other recent news, Finger Inc. Group has joined BTQ Technologies Corp.’s Quantum Secure Stablecoin Network pilot program. This expansion includes Finger alongside Danal, as noted in a press release. Finger’s participation is significant as it is Korea’s largest banking-solutions developer, serving all major financial institutions in the country. The involvement of Finger in the pilot program is aligned with Korea’s regulatory focus on ensuring security in bank-led stablecoin initiatives. These developments highlight Finger’s commitment to advancing secure digital financial solutions. The move is expected to enhance the institutional foundation of the Quantum Secure Stablecoin Network ecosystem.
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