TIDMQBIT
RNS Number : 5789R
Quantum Exponential Group PLC
02 March 2023
2 March 2023
Quantum Exponential Group plc
(the 'Company' or 'Quantum Exponential')
Appointment of Chief Operating and Strategy Officer
Quantum Exponential Group plc (AQUIS: QBIT), a company focused
on investing in quantum technology, is pleased to announce that it
has appointed Stuart Woods as Chief Operating and Strategy Officer.
This non-board position has been newly created by the Company as it
continues to capitalise on the investment opportunities presented
by quantum sensing, quantum timing, quantum networking, and quantum
computing.
Mr. Woods has over three decades of experience and has led a
number of technology companies ranging from startups to publicly
traded, multi-million-pound businesses. His diverse portfolio
comprises eleven disruptive technologies and includes five
acquisitions. He has built, raised funds for and managed these
companies by mapping their specific needs and strengths while
building their teams.
Stuart's operational, technical and managerial experience spans
both size and sector and led him most recently into cryogenics for
quantum computing, where he was managing director of Oxford
Instruments NanoScience, part of London Stock Exchange-listed
Oxford Instruments Plc, currently capitalised at c.GBP1.5
billion.
Here, he led a team at the forefront of the development and
commercialisation of quantum computing globally, creating high
performance cryogenic and cryogen-free environments for ultra-low
temperature and high magnetic field applications in physics,
chemistry and materials science research down to the atomic scale.
Stuart was also a member of the Management Board of Oxford
Instruments plc and played a key role in the delivery of the
company's environmental strategy, focused on minimising the
environmental footprint of its operations, products and
services.
Stuart is currently a Business Strategy Officer on the board of
The Quantum Insider, a leading provider of media and market
intelligence on the quantum technology industry helping clients
across the world understand and thrive in complex, fast-growing
markets. Stuart supports The Quantum Insider on its commercial
strategy which includes expanding its business verticals and
advising on its product growth plans.
Commenting on his appointment, Stuart Woods said "I am looking
forward to joining the Quantum Exponential team as we expand on the
progress made to date. QE's thorough due diligence process, the
experience of the team, its commitment to technical depth and its
quantum-only focus makes it a truly one-of-a-kind fund, providing
investors access to usually inaccessible companies. With increasing
investor awareness in quantum technologies, coupled with support
from the UK Government for the quantum technology sector, an
outstanding advisory board and a solid deal funnel, I am confident
of exciting times ahead for Quantum Exponential and its
shareholders".
Ian Pearson, non-executive Chairman, added: " I am thrilled to
be welcoming Stuart to the senior management team at Quantum
Exponential in the newly created Chief Operating and Strategy
Officer role. Stuart's experience in the quantum and deep tech
sectors, and his contacts of sector experts and investors alike, is
second to none. It is a testament to Stuart's belief in our
long-term strategy that he joins Quantum Exponential at this
important time as we look to continue building on the quality of
investments made to date.
"Since listing, the team have made excellent progress while our
status as a leading UK expert and pure-play quantum technology fund
deepens. While we continually work to raise our profile among
industry bodies and academic organisations, we have attracted a
high calibre of opportunities and colleagues which we believe will,
in the long term, create value for all shareholders especially as
we look to launch a Quantum Exponential limited partnership venture
capital fund ."
https://www.londonstockexchange.com/stock/OXIG/oxford-instruments-plc/company-page
This announcement contains information which, prior to its
disclosure, was inside information as stipulated under Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended).
The Directors take responsibility for this announcement.
**ENDS**
For more information, visit the Company's website:
www.quantum-exponential.co.uk or contact:
Steven Metcalfe, Chief Executive Officer c/o quantum@stbridespartners.co.uk
Novum Securities (AQSE Corporate Adviser) Tel: +44 (0)20 7399 9400
David Coffman, George Duxberry
Oberon Capital (Broker) Tel: +44 (0)20 3179 5344
Mike Seabrook, Chris Crawford
St Brides Partners Limited (Financial PR) quantum@stbridespartners.co.uk
Catherine Leftley, Ana Ribeiro, Isabelle Morris
About Quantum Exponential Group plc
Quantum Exponential is the first of its kind, AQSE Growth Market
enterprise company, focused on opportunities in quantum technology
and the wider quantum computing sector, with an advisory board made
up of industry advisors, entrepreneurs, and technology investment
professionals with broad access to quantum opportunities and
markets. Quantum Exponential's investment strategy is to assemble a
portfolio of minority investments in early-stage global quantum
technology companies, primarily in NATO-allied countries, offering
institutional and private investors access to revolutionising
technologies and industries in the realms of artificial
intelligence, manufacturing and healthcare.
Quantum Exponential trades on AQSE Growth Market under the
ticker symbol "QBIT'.
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