TechCreate Group Ltd. (NYSE:TCGL) ("TechCreate" or the "Company"), a technology consultancy and advanced software solutions provider specializing in payment solutions, cybersecurity, and digital services, announced its intention to collaborate with pQCee Pte Ltd, a quantum cybersecurity solutions provider, to explore the incorporation of NIST (National Institute of Standards and Technology) approved Post-quantum cryptography (PQC) algorithms in the Company's QR Hybrid POS terminals.

These terminals are expected to explore transitioning away from current encryption standards—like RSA and ECC—which are vulnerable to quantum computing, with a view to enhancing the security of cardholder data and transaction keys. Such an approach is intended to help mitigate the "Harvest Now, Decrypt Later" (HNDL) threat, where attackers are currently capturing and storing encrypted sensitive data (payment details, user IDs) from QR/card transactions with the intention of decrypting it years later.

In addition, as regulatory bodies across the world begin to standardize PQC, these quantum-safe Hybrid QR POS terminals are intended to support alignment with evolving security standards.

TechCreate CEO Heng Hai Lim commented: "Quantum-safe security has become increasingly important for the future of digital payments infrastructure. In our business where secure communication between customers and financial institutions is vital, the need to consistently enhance quantum-resistant encryption standard is a critical priority for us. By collaborating with pQCee, we aim to explore and demonstrate how post-quantum encryption can be integrated into real-time payment systems without compromising performance, scalability, or interoperability."

In this collaboration, pQCee is expected to provide its quantum-safe cryptography tool, SafeQuard, that defends the communications between customers and financial institutions against harvest-now-decrypt-later attacks. TechCreate and pQCee aim to be one of the first in the region to roll out a quantum-safe POS soundbox terminal.

pQCee CEO Tan Teik Guan added: "By embedding quantum-safe protections into the fabric of payments, both TechCreate and pQCee help the entire ecosystem stay resilient. Our work ensures that banks, merchants, and consumers alike can transact with confidence, knowing the industry is shielded against both today's cyber risks and tomorrow's quantum threats."

About TechCreate Group Ltd.

TechCreate Group Ltd. is a Singapore-based payment software solutions provider. Founded in 2015, the Company delivers digital payment and infrastructure solutions to financial institutions, telecommunications, deposit insurance, and enterprises. TechCreate's offerings include real-time payment systems, digital banking platforms, API management, cybersecurity, and cloud computing. Its proprietary Artificial Intelligence Real-Time Engine (AI-RTE) is designed to enable fast, secure, and efficient payment processing. For more information, visit https://www.techcreategroup.com/.

About pQCee Pte Ltd:

pQCee is a leader in post-quantum cryptography solutions, dedicated to developing advanced security tools to protect organizations against future cyber threats. With a team of world-class researchers and engineers, pQCee delivers scalable, crypto-agile defence-in-depth solutions designed to safeguard critical data and business applications. For more information, visit https://www.pqcee.com/.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the Company's future operations, financial performance and growth strategies. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements contained in this press release speak only as of the date hereof, and TechCreate Group Ltd. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

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TechCreate Group Ltd. and pQCee Intend to Collaborate on One of the First Quantum-Safe QR Hybrid POS Terminal