BTQ Technologies Corp. (NASDAQ: BTQ) shares crept up Thursday, on the announcement of a Memorandum of Understanding with ITCENGLOBAL CO., Ltd., one of Korea's largest IT services groups, through its listed security platform subsidiary ITCEN PNS Co., Ltd.
The signed MOU establishes a framework for collaboration between BTQ and ITCEN PNS to integrate post-quantum cryptography, quantum-safe authentication, and next-generation security infrastructure for Korean and international markets. The collaboration will focus on areas where quantum-resistant security is becoming increasingly important, including financial networks, digital identity, biometric authentication, public-sector systems, and enterprise security platforms.
ITCENGLOBAL is the holding company of the ITCEN Group, a KOSDAQ-listed Korean IT services group operating approximately 20 subsidiaries across public-sector infrastructure, finance, cloud, AI, security, enterprise IT, and digital asset platforms. The group reported consolidated revenue of approximately KRW 8.9 trillion (approximately US$6 billion) for the 2025 fiscal year, with its IT services segment contributing approximately KRW 1.2 trillion, and was upgraded to the Premier Companies section of the KOSDAQ market in 2026.
The group's operating companies hold long-standing positions in Korea's most sensitive infrastructure markets. ITCEN Entec is recognized as Korea's first systems integration company and serves public-sector, defense, and large enterprise customers. ITCEN CTS, formerly Comtec Systems, is a leading network integration provider, and ITCEN Cloit operates the group's cloud managed services business, including operations in Japan.
BTQ gained two cents to $4.37.
