SuperQ enters partnership with ArcTech Accelerate

Executive Summary

• SuperQ Quantum Computing Inc. announced a strategic partnership with ArcTech Accelerate to leverage the consultancy's expertise in Canadian federal procurement, specifically targeting defence, aerospace, and cybersecurity sectors under the Innovation Solutions Canada (ISC) and Industrial and Technological Benefits (ITB) frameworks.
• The company simultaneously settled outstanding indebtedness of $165,375 with a creditor by issuing 137,812 common shares at a deemed price of $1.20 per share.
• The partnership aims to accelerate SuperQ's integration into national defence programs and global supply chains, positioning the company as a trusted quantum partner for government and prime contractors.

Key Details

• Strategic Partnership:
  • Partner: ArcTech Accelerate, an Ottawa-based consultancy specializing in federal procurement acceleration and ITB strategy.
  • Key Personnel: Daniel Martimbeault, Senior Adviser at ArcTech, will spearhead the collaboration; he has over two decades of experience in Canada's defence and aerospace procurement ecosystem, including leadership roles in federal ITB/offset policy.
  • Objective: To integrate SuperQ’s quantum and supercomputing capabilities into national defence and government procurement programs.
  • Target Markets: Defence, aerospace, cybersecurity, and government agencies.
  • Mechanism: Leveraging ArcTech’s record of helping SMEs secure contracts under ISC procurement programs and ITB-related industrial placements with global prime contractors.
  • ArcTech Track Record: Since 2016, ArcTech has helped Canadian SMEs secure over $100-million in financing and new revenue opportunities across aerospace, cybersecurity, clean technology, and advanced computing.
• Shares-for-Debt Settlement:
  • Creditor: A creditor (name not specified).
  • Debt Amount: $165,375.
  • Consideration: Issuance of 137,812 common shares.
  • Price: Deemed price of $1.20 per share.
  • Restrictions: All securities issued are subject to a four-month-and-one-day resale restriction in accordance with applicable securities laws.
• Strategic Context:
  • The partnership is expected to create pathways into multibillion-dollar government projects and recurring government revenue streams.
  • ArcTech combines expertise from former senior military officers, civil servants, engineers, and policy specialists to help companies cross the "trust barrier" with Tier 1 primes.

Notable Quotes

• Muhammad Ali Khan, CEO and Board Chair of SuperQ: "This agreement with ArcTech puts SuperQ in the strongest possible position to build traction in Canada's most strategic markets. Defence, aerospace and cybersecurity are increasingly recognizing quantum's mission-critical role. With ArcTech's expertise and networks, we gain the credibility and access required to accelerate engagement with prime contractors and federal agencies. This is a major step in turning SuperQ into a trusted quantum partner for national programs."
• Tariq Abdellatief, Managing Director of ArcTech Accelerate: "Quantum computing sits at the heart of Canada's future security and innovation strategy. SuperQ is exactly the kind of deep-tech Canadian company the ITB framework was designed to amplify. By aligning SuperQ with obligors, primes and federal programs, we will ensure Canada's investment in defence translates into both sovereign capability and global competitiveness."