• BTQ and Quandela MOU: BTQ Technologies and Quandela have signed a Memorandum of Understanding (MOU) to jointly explore how photonic quantum computing can advance energy-efficient blockchain validation through BTQ’s Quantum Sampling Proof-of-Work (QSPoW) protocol.
• Future Proofing Bitcoin: QSPoW is a Bitcoin-inspired quantum-secure and energy-efficient alternative to traditional PoW mining, aimed at preserving the integrity of the world’s largest digital asset in the face of advancing quantum threats.
• Quantum Meets Blockchain: The collaboration focuses on leveraging Quandela’s real and simulated boson-sampling data to test QSPoW’s performance, with the goal of reducing the computational and energy demands of traditional Proof-of-Work systems.
• Path to Commercialization: If performance benchmarks are met, the companies will explore commercialization opportunities, including the potential integration of Quandela’s Belenos quantum processor into future quantum-secure blockchain systems.

VANCOUVER, BC, May 22, 2025 /CNW/ – BTQ Technologies Corp. (the “Company”) (CBOE CA: BTQ) (FSE: NG3) (OTCQX: BTQQF), a global quantum technology company focused on securing mission-critical networks, is pleased to announce the signing of a Memorandum of Understanding (MOU) with Quandela SAS (“Quandela”), a pioneering French quantum computing company renowned for its NISQ-era photonic quantum computing platform.

This collaboration marks a strategic step forward in evaluating how emerging quantum technologies can enhance blockchain systems. The partnership will center on BTQ’s Quantum Sampling Proof-of-Work (QSPoW) protocol—a novel approach to blockchain validation that aims to significantly reduce energy usage while strengthening cryptographic security.

Under the MOU, BTQ and Quandela will jointly explore several strategic areas. These include investigating real-world use cases for Quandela’s photonic quantum computing platform, working together on the use of Quandela’s boson-sampling technology—both simulated and real—through its Perceval cloud platform, and analyzing how this data performs in BTQ’s Quantum Sampling Proof-of-Work (QSPoW) testnet. Based on the outcomes of this analysis, the two companies will also evaluate potential pathways for commercialization.

Proof-of-Work (PoW) systems—like those used by Bitcoin—rely on massive computing power to validate transactions. BTQ’s QSPoW replaces this with boson sampling, a quantum process where light particles (photons) pass through an optical network to generate hard-to-predict outcomes. These outcomes can serve as a quantum secure and energy-efficient alternative to traditional PoW, and because this problem is hard to solve on non-quantum computers, the protocol is resistant to power hungry ASIC devices. QSPoW also creates a path towards creating a quantum-safe store of value by incorporating properties of quantum mechanics into the PoW consensus algorithm, ensuring no quantum adversary will be able to control the network. This approach directly addresses the growing threat quantum technologies pose to digital assets like Bitcoin, a concern recently highlighted in BlackRock’s amendment to its risk disclosure in its S-1 filing.

While various actors in the Bitcoin community are taking steps to enable the uses of cryptographic algorithms that would be resistant to advanced quantum computers, there is no guarantee that new quantum-proof architectures will be built and appropriate transitions will be implemented across the network at scale in a timely manner; any such changes could require the achievement of broad consensus within the Bitcoin network community and a fork (or multiple forks), and there can be no assurance that such consensus would be achieved or the changes implemented successfully.” – BlackRock, Inc. (2025). S-1 Registration Statement: iShares® Bitcoin Trust ETF. SEC.gov. https://www.sec.gov/Archives/edgar/data/1980994/000143774925015853/bit20250418_posam.htm

As quantum computers become more powerful, the security of Bitcoin  comes under increasing threat. Today, Bitcoin relies on traditional cryptographic frameworks and Proof-of-Work to keep the network secure—approaches that future quantum machines may be able to break. BTQ’s Quantum Sampling Proof-of-Work (QSPoW) is being developed as a next-generation solution that could help protect Bitcoin from these emerging risks, while also using far less energy than current mining methods.

As part of the collaboration, Quandela will deliver datasets tailored to BTQ’s technical requirements, which will include both simulated quantum data and experimental results where feasible. BTQ will use this data to conduct tests on its QSPoW testnet and will share its performance analysis with Quandela. Together, the two companies will also explore techniques to reduce errors in quantum processes and will assess how Quandela’s Belenos quantum processor could be integrated into future versions of the QSPoW protocol.

“This MOU reflects our shared ambition to advance real-world applications for quantum hardware and software,” said Olivier Roussy Newton, CEO of BTQ Technologies. “We’re excited to work with Quandela to rigorously test our QSPoW protocol and set the foundation for a new generation of blockchain security.”

Niccolo Somaschi, CEO of Quandela, added: “Partnering with BTQ highlights the versatility and promise of our photonic quantum platform. This collaboration is a great opportunity to demonstrate how quantum technologies can be used for emerging cryptographic protocols.”

The MOU outlines a framework for ongoing cooperation, information sharing, and public announcements of any meaningful scientific or commercial outcomes.

• An exponential growth: 4,000 times more powerful than the previous generation
• A new technological milestone just two years after the launch of the first photonic quantum computer in the cloud
• Qubits expected to double within a year, multiplying power by 16 million

Paris,  May 22^nd 2025 – Quandela, the leader in quantum computing, announces the launch of Belenos, the world’s most powerful photonic quantum computer. This is a key milestone in the company’s Roadmap 2030, which is on track to meet its ambitious timeline. Accessible to commercial and industrial partners in the cloud, Belenos offers 4,000 times more computing power than the previous generation, unveiled just two years ago with the launch of the first photonic quantum computer in the cloud. The first fully integrated version will be delivered in a supercomputer at the end of 2025.

Exponential growth in computing power

Based at Quandela’s headquarters in Massy near Paris, Belenos is now available in the cloud to more than 1,200 researchers and partner companies in 30 countries: nearly two-thirds of them are European (40% French), with a significant share of the user base located in North America and Asia.

This new generation of quantum computer, with its 12 photonic qubits, represents a major technological advance compared with the previous 6-qubit version launched at the end of 2022. This progress far exceeds Moore’s Law, which predicts a doubling in the performance of conventional processors every two years.

The next generation, called Canopus, expected in just one year’s time, will double the number of qubits once more, resulting in a 16 million-fold increase in computing power. Within three years, Quandela plans to develop a quantum computer with more than 40 qubits, whose power will exceed the simulation capabilities of any conventional computer.

Revolutionary real-life applications

This technological leap means that innovative algorithms can now be tested on physical machines to speed up certain AI calculations, such as image classification and generation, as demonstrated during the BMW-Airbus challenge which Quandela won in December 2024. As a result, hundreds of international researchers working on the company’s cloud platform can now explore new frontiers, particularly in the field of quantum machine learning (QML).

While education and research represent a solid basis for the activity of Quandela’s partners, the business community is showing promising momentum, and already accounts for 25% of uses, illustrating the accelerating adoption of quantum technologies in the private sector.

The following use cases already identified by EuroHPC will benefit from HPC-Quantics coupling: electromagnetic simulation, structural mechanics, combustion in engines, materials simulation, meteorology and earth observation.

A first integrated version will be delivered to EuroHPC/GENCI and operated at the CEA’s Très Grand Centre de Calcul (TGCC) by the end of 2025.

A timeline that delivers on its promises with an ambitious vision

The commissioning of Belenos demonstrates Quandela’s ability to meet its bold agenda. This step is in line with the technological roadmap to 2030 unveiled last autumn (see press release of 11 October 2024).

« We are extremely proud of this new development. Cloud access to Belenos now offers to our partners the possibility to explore use cases where the speed of calculation and the number of computational operations per data point are essential; these capabilities, offered by Belenos, are inaccessible to the competition. This paves the way for concrete applications in machine learning and at the interface between AI and quantum, in sectors that are as varied as they are strategic for the future », declares Niccolo Somaschi, co-founder and CEO of Quandela.

Paris, April 29, 2025 – Quandela, a European leader in quantum computing, announces the appointment of Professor Alberto Peruzzo as VP NextGen Quantum Computers. Alberto is an internationally recognized expert in quantum photonics, quantum algorithms, and scalable quantum computer architectures. He joins Quandela to accelerate the development of scalable, fault-tolerant quantum processors, as part of the company’s roadmap toward large-scale universal quantum computing. 

At 46 years old, Alberto Peruzzo brings over 18 years of experience at the cutting edge of quantum technologies. Most recently, he served as Head of Quantum Computing at Qubit Pharmaceuticals, where he focused on applying quantum algorithms to molecular modeling and drug discovery. Previously, he held academic and leadership roles as Director of the Quantum Photonics Laboratory in Melbourne, Principal Investigator at the ARC Centre of Excellence for Quantum Computation and Communication Technology, and Node Director within the same network. Throughout his career, he has combined scientific leadership with strategic vision to advance quantum technologies, contributing both to fundamental research and to practical applications in quantum computing. 

Alberto Peruzzo, VP NextGen Quantum Computers at Quandela 

“I am thrilled to join Quandela at a time when the foundations of large-scale quantum computing are being laid. Photonics is particularly well positioned to deliver scalable quantum systems, and I look forward to working with the team to make fault-tolerant quantum processors a reality,” said Alberto Peruzzo, newly appointed VP NextGen Quantum Computers at Quandela. 

Alberto is known for his ability to combine deep scientific expertise with a strategic vision for the commercialization of quantum technologies. At Quandela, he will lead the Next Gen Quantum Computers team, coordinating the definition and implementation of the architecture for future scalable quantum processors. 

“Alberto is a leading figure in the quantum photonics community and brings a rare combination of academic excellence and system-level vision. His leadership will be instrumental in advancing our roadmap toward the development of large-scale fault-tolerant quantum processors,” said Niccolo Somaschi, co-founder and CEO of Quandela. 

“Quandela is one of the most exciting quantum companies in the world, leading the race in quantum photonics. I’m excited to join this exceptional team and contribute to the development of the next generation of quantum processors — pushing the boundaries of what’s possible in scalable, fault-tolerant quantum computing,” concluded Alberto Peruzzo. 

Paris, April 15^th, 2025 – Quandela, European leader in quantum computing, announces the appointment of Michel Paulin to its Board of Directors. Michel, a recognized expert in the digital industry, was previously CEO of telecommunications pioneer SFR and European sovereign cloud leader OVHcloud. He will bring his experience to Quandela and enrich the company’s strategic vision.

Michel Paulin has spent most of his career in the tech and telecom sectors. In particular, he was previously CEO of OVHcloud, SFR and Neuf Cegetel.

Today, he is Chairman of the Logiciels et Solutions Numériques de Confiance (Trustworthy Software and Digital Solutions) cluster, which brings together software, quantum, AI, cloud and metaverse players.

Recognized as a leading figure in the digital industry, he has been a Director of the Board of the French National Institute for Research in Digital Science and Technology (INRIA) since 2022, by decision of the Minister for Industry.

Michel Paulin is a graduate of École Polytechnique (1981) and Télécom ParisTech.

Michel Paulin, new member of Quandela’s Board of Directors

“Michel has exceptional expertise in the telecoms and cloud sectors, as well as a proven track record in leading strong growth companies. His advice will be extremely valuable as Quandela embarks on its international expansion and the ramp-up of quantum computer production. I am honored to have him join us as a new member of the Board of Directors,” says Niccolo Somaschi, co-founder and CEO of Quandela.

“I’m honored to join Quandela’s Board of Directors. Quantum computing undoubtedly represents one of the next major technological revolutions, and strategic positions for the next decades are being defined today. France is at the forefront of this quantum technological race, thanks to outstanding research and exceptional talent. With Quandela, our country has a world-leading technological champion in photonic quantum computing. I’m looking forward to contributing to Quandela’s development in this exciting new quantum revolution,” says Michel Paulin, a new member of Quandela’s Board of Directors.

The EuroQCS-France consortium, led by GENCI and CEA, is pleased to announce that European researchers can now access a 12-qubit Quandela photonic quantum computing system remotely. This exciting development allows European users to begin programming and testing their applications on a real photonic quantum computer, months ahead of the anticipated deployment at TGCC (CEA’s computing center) of the on-premise Lucy system in the end of 2025. They can be supported by experts from a High-Level Support Team to port their applications onto the photonic quantum computer.

The EuroQCS-France consortium and the selection of Quandela as supplier by the EuroHPC Joint Undertaking (JU)

In 2024, EuroHPC JU selected a consortium formed by Quandela and its German partner attocube systems AG as the supplier of the photonic quantum computing technology as part of the EuroQCS-France initiative. This collaboration is set to pave the way for a new era in quantum computing across Europe, enhancing research capabilities and advancing the quantum ecosystem.

In November 2024, on the occasion of SC24, EuroQCS-France officially announced the provision of early remote access to a 6-qubit Quandela photonic quantum computer for the European open research community. Now, users will be able to run their code on a remote 12-qubit quantum computer, with the same design as the upcoming Lucy system. This provides a unique opportunity to engage with a photonic quantum computer, allowing open research communities to get hands-on experience before the Lucy system is fully installed and operational at TGCC in 2025.

Key Benefits for European Researchers

· Early Access: Open research communities can begin preparing their code using Perceval now, the Quandela programming and emulation environment deployed on the Joliot-Curie supercomputer, and run their applications on a remote 12-qubit photonic quantum computer similar to the targeted Lucy system.

· No Wait for Deployment: Users will not have to wait for the installation of Lucy to access a real quantum computing system, allowing them to start experimenting and testing their applications immediately.

· Expert Support: A High-Level Support Team will assist users in porting their applications onto the photonic quantum computer, ensuring that researchers can fully leverage the technology.

· Training Sessions: GENCI/CEA and Quandela will be offering specialized training on hybrid HPC-QC programming schemes, helping users prepare for the integration of Lucy with Joliot-Curie.

How to Access the Remote System

The process to access the remote Quandela system will be outlined by CEA, and interested researchers can apply for access through the designated channels. More details will be provided shortly.

Looking Ahead

EuroQCS-France is part of the broader European effort to build a diverse, pan-European hybrid HPC/QC infrastructure. Lucy, the 12-qubit photonic quantum computer, will soon join other cutting-edge quantum systems across Europe, each based on different hardware technologies. These systems include scalable superconducting qubits (Euro-Q-Exa), star-shaped superconducting qubits (LUMI-Q), trapped ions (EuroQCS-Poland), quantum annealing (EuroQCS-Spain), neutral atoms (EuroQCS-Italy), each system providing unique capabilities and research opportunities.

In the coming months, as the Lucy system’s deployment approaches, this early access will be crucial in ensuring that European researchers are well-prepared to take full advantage of the system’s capabilities.

GENCI/CEA and Quandela will be organizing training sessions on hybrid HPC-QC programming schemes leveraging photonic quantum computing to anticipate the integration of Lucy with Joliot-Curie.

About EuroQCS-France

EuroQCS-France is a consortium led by GENCI as Hosting Entity and CEA as Hosting Site, with the University Politechnica of Bucharest (UPB, Romania), Forschungszentrum Juelich (FZJ, Germany) and Irish Centre for High-End Computing (ICHEC, Ireland), selected by EuroHPC JU in 2022 as a result of the call for expression of interest EUROHPC-2022-CEI-QC-01.

EuroQCS-France aims to provide European open research communities with access to a photonic quantum computer coupled with the Joliot-Curie supercomputer, just like the 100-qubit Pasqal quantum simulator Ruby, acquired in the context of the HPCQS project.

Paris, February 7, 2025 – Quandela, the European leader in photonic quantum computing, announces a major breakthrough for the sector in a scientific paper¹ describing a reduction by a factor of 100,000 in the number of components required for fault-tolerant calculations. Quandela’s hybrid approach, based on a technology that generates photonic qubits with unprecedented efficiency from artificial atoms (semiconductor quantum emitters), should enable the company to accelerate the scaling-up of its quantum computers. 

A photonic approach promising for error-correction and scaling challenges 

Fault-tolerant – error-free – quantum computing is crucial for the correct execution of the most impactful quantum algorithms, such as prime number factorization, linear system solving and chemical simulations. It is these algorithms that enable the most valuable use cases that “classical” computers cannot solve, notably in the energy, pharmaceutical, chemical and defense sectors. 

Among all quantum platforms, the photonic platform appears particularly promising for achieving fault tolerance, thanks to the unique ability of photons to :  

• carry quantum information almost infinitely 

• interconnect quantum processors via commercial optical fibers, as is the case with today’s largest network-connected computers.  

Interconnection between quantum processors is essential, in the long term, to extend the computing power of quantum computers – in a similar way to today’s networked supercomputers – whatever the platform in question. Photonic technology therefore inherently possesses the modularity that is absolutely essential for scaling up and implementing error-correction protocols. 

However, since photon loss is the main source of error in the photonic approach, the high performance of these quantum computers implies high optical transmission of the components, i.e. a high flow of photons through all the components. The big challenge is therefore to reduce the number of components (“resources”) in order to achieve the high optical transmission needed to manipulate and correct a large number of qubits, and thus achieve the high-impact calculations that outperform conventional computers. 

Quandela’s approach 100,000x less resource-intensive than other photonic competitors 

To meet this challenge, Quandela has just reported a groundbreaking scientific result that presents a method for reducing resource requirements by a factor of 100,000 compared with the photonics-only approach adopted and developed by other photonic quantum computing players in the USA and Canada.  

At the heart of this result lies the core technology of Quandela’s processors, based on semiconductor quantum emitters that generate photonic qubits with world-leading efficiency. Thanks to its hybrid approach, which uses these emitters both as photon generators and as qubits (by exploiting the spin of one of the emitter’s electrons), Quandela sets itself apart from other photonic competitors.  

Where a purely photonic approach would require around a million components to generate one logic qubit, the research team, led by Quandela’s Chief Research Officer Shane Mansfield, demonstrates that Quandela’s approach requires just 12, i.e. 100,000 (= 10^5 times ) less. This approach also greatly relaxes the optical transmission requirements of the components, and therefore the performance required for error correction. 

Significant reduction in energy consumption 

This considerable gain, which promises to reach the error-correction regime much more quickly, also makes it possible to drastically reduce the platform’s manufacturing costs and energy consumption. Quandela predicts a much lower power consumption than existing quantum platforms. In practice, while today’s large-scale high-performance computing centers consume around 20 MW, and cloud hyperscalers dedicated to AI require around 2 MW, Quandela’s largest quantum computer should keep its power consumption below 1MW. Quandela’s computers are therefore positioned as the solution for increasing the computing power needed by industry worldwide, without increasing energy consumption. 

“This breakthrough marks an important milestone for error-correcting computing with the photonic platform. By drastically reducing the resources required while maintaining the intrinsic advantages of the photonic approach, we are paving the way for the realistic industrialization of fault-tolerant quantum computing. Our unique hybrid approach demonstrates Quandela’s ability to significantly accelerate the scale-up of quantum computers, a crucial issue for the entire industry”, comments Niccolo Somaschi, co-founder and CEO of Quandela.