Noviqtech Launches New Subsidiary to Bring Quantum Computing into Mainstream Business

NoviqTech (ASX: NVQ) has launched a new wholly-owned subsidiary known as Quantum Intelligence (QI) to redefine enterprise performance through quantum computing, AI and blockchain technologies.

The new business will focus on advancing operational performance, security and digital trust, marking a significant evolution in NoviqTech’s mission to deliver transformational and intelligent solutions for a rapidly-digitising economy.

QI will support custom deployments and third-party integrations with flexible subscription tiers to suit all end-users, from sandbox testing to enterprise-scale rollouts.

Modular Assistant

QI AI is a modular, enterprise-ready assistant that enables natural language interaction, real-time Q&A, multi-lingual communication and compliance alerts, all with blockchain-backed transparency.

It aims to streamline administrative tasks, enhance collaboration and deliver verifiable AI insights with key features including live translations, intelligent summarisation, compliance tracking and tamper-proof outputs.

Built with an API-first approach, QI AI can integrate seamlessly into customer relationship management and enterprise resource planning systems, and support custom workflows for sector-specific needs.

Tamper-Proof Credentials

Quantum Intelligence will offer QI Provenance (Provenance-as-a-Service) and QI AI (AI-as-a-Service), which will go live in Beta and be available under a subscription model from September.

QI Provenance delivers tamper-proof digital credentials and asset provenance through a simple application programming interface (API), empowering businesses to embed verifiable trust into their systems.

Backed by blockchain, it enables the issue of secure digital documents, multimedia content and video assets, while tracking asset origin, changes and ownership.

With RESTful APIs, a Python library and white-label options, users can easily integrate the solution it their existing workflows.

World-First Solution

Quantum Intelligence also offers the QI platform as a world-first hybrid quantum classical solution for enterprise integration via APIs and SaaS (Software-as-a-Service), solving complex optimisation and security challenges across a range of sectors.

Powered by the soon-to-be-launched NVIDIA CUDA-Q, the platform will accelerate hybrid quantum classical computing by up to 10x, enabling the high-performance execution of computationally intensive tasks without the need for dedicated quantum hardware.

NVIDIA-enhanced architecture promotes real-time, scalable Quantum-as-a-Service technology for finance, logistics, healthcare and energy sectors.

NoviqTech has developed QI to integrate with its existing Carbon Central and NoviqAI platforms to advance carbon reporting, supply chain intelligence and AI-driven insight with quantum-accelerated performance.

Global Footprint

Chief executive officer Freddy El Turk said QI would extend NoviqTech’s global footprint into the heart of digital performance.

“It represents the next logical step in our journey, making quantum-enhanced decision-making a reality for everyday business operations,” he said.

“We are now able to bring unprecedented computational power to enterprises via the cloud, democratising access to quantum-classical hybrid solutions.”

Software Licence

NoviqTech has secured a long-term global licence from Mr El Turk’s Singapore-based entity Morphotech to use and commercialise its QI software and related technology.

The licence will be non-exclusive, non-transferable and royalty-free while NoviqTech scales its operations, with commercial terms to be agreed upon once the company reaches profitability.

NoviqTech will retain ownership of any software improvements and Morphotech will provide maintenance and updates at no additional cost.

The agreement is designed to support long-term collaboration, with standard provisions in place including the ability for Morphotech to terminate with two month’s notice.

Capital Raising

Noviqtech has received firm commitments from sophisticated and institutional investors to raise approximately $1.25 million through the issue of 34.72 million fully-paid ordinary shares at $0.036 each, with one free attaching listed option per share exercisable at $0.20 and expiring in March 2028.

NoviqTech will conduct the placement in two tranches and use the proceeds to support business development initiatives and the expansion of the company’s sales team.

Peak Asset Management will act as lead manager to the placement.