LEESBURG, Va., Jan. 31,
2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi",
"we", "our" or the "Company") (Nasdaq: QUBT), an innovative quantum
optics and nanophotonics technology company, today
announced new leadership appointments as the Company readies for an
active 2024 with an anticipated market-disruptive product release
schedule. William (Bill) J.
McGann, Ph.D., a globally recognized leader in
commercialization of innovative technology, has been appointed CEO
of Quantum Computing Inc. Dr. McGann succeeds QCi's co-founder
Robert Liscouski who remains
Chairman of the Board to help oversee the Company's growth and
expansion.
Dr. McGann has a decade-long track record for transforming
credible science into practical technology in steps of innovation,
engineering, and leadership. In his role as QCi's CTO, Dr. McGann
has driven the launch of QCi products in the areas of quantum
optimization machines, reservoir computing for AI, quantum remote
sensing, and quantum random number generation in 2023. Bill
and the team are leading the charge in the Company's mission to
provide "accessible and affordable" quantum technology to the
world. Over the course of his professional career, Dr. McGann
has held numerous business and technology leadership positions.
Dr. McGann began his entrepreneurial journey in 1990, where he
was a co-founder of a disruptive technology innovation company, Ion
Track Instruments. There, he and the team created a revolutionary
new explosives trace detection technology and methodology that is
widely deployed around the world today. After successfully
capturing a majority of the global market share in this industry,
he sold Ion Track to GE and formed the GE Security business unit in
2002, where he continued to create new technologies to further grow
the industry. Since then, Dr. McGann has led and driven
innovative product design in several businesses, both large and
small, which include United Technologies, Implant Sciences
Corporation, L3 Harris Corp., and then Leidos as CTO of the
Security and Automation division.
Dr. McGann received his Ph.D. in Chemical Physics from the
University of Connecticut and holds
undergraduate degrees in both chemistry and biology. He has
authored over 70 research proposals (SBIR) for the U.S. government,
dozens of scientific publications, and 26 patents in the areas of
nuclear, chemical and biological detection technologies.
Commenting on Dr. McGann's appointment, Robert Liscouski, co-founder and Chairman of
Quantum Computing Inc., shared, "Over the past six years, QCi has
evolved into an innovative leader of nanophotonic quantum
technologies. We believe we are about to revolutionize the market
with another breakthrough technology that delivers processing
power, accuracy and speed at minimal energy usage at a reasonable
price – as true to our mission of providing accessible and
affordable quantum technology to the world. I am proud to have led
QCi through inception to this inflection point where it is
positioned for significant growth in 2024. While I will
continue to be meaningfully engaged at QCi going forward, I believe
it is time to pass the baton to the next phase of leadership to
take this Company to the next level. Bill and the team
are poised to introduce value-creation and cost-effective quantum
technologies that will change the market as we know it today. We
are fortunate to have the right combination of extraordinary talent
with a passion and unwavering commitment to this company to carry
us into the future."
Mr. Liscouski intends to use his more than 35 years of national
security experience, including his service as the first U.S.
Assistant Secretary for Infrastructure Protection of the U.S.
Department of Homeland Security, President of Implant Sciences
Corporation, Global Director of Information Assurance at the
Coca-Cola Company, and a visiting fellow at the Center for
Strategic and International Studies in Washington, D.C. to further support the
Company's progress in commercializing its highly innovative
technology, while providing strategic direction and corporate
governance to grow shareholder value. In his role as
Chairman, Mr. Liscouski will remain active in guiding the business
strategy and direction.
Dr. McGann added, "Bob has tirelessly led the business and
accomplished much in his role as CEO and has built a solid
foundation for QCi's success. As the new leader, I will leverage
these accomplishments and progress to accelerate the Company's
growth through the commercialization of our core technologies and
continue to innovate and deliver important technologies for a
better world – consistent with our moto "Quantum Machines for a
Brighter Future".
For additional information on the Company's suite of solutions,
please visit our website or contact our team directly.
About Quantum Computing Inc. (QCi)
Quantum Computing Inc. (QCi) (Nasdaq: QUBT) is an
innovative, quantum optics and nanophotonics technology company on
a mission to accelerate the value of quantum computing for
real-world business solutions, delivering the future of quantum
computing, today. The company provides accessible and affordable
solutions with real-world industrial applications, using
nanophotonic-based quantum entropy that can be used
anywhere and with little to no training, operates at normal room
temperatures, low power and is not burdened with unique
environmental requirements. QCi is competitively advantaged
delivering its quantum solutions at greater speed, accuracy, and
security at less cost. QCi's core nanophotonic-based technology is
applicable to both quantum computing as well as quantum
intelligence, cybersecurity, sensing and imaging solutions,
providing QCi with a unique position in the marketplace. QCi's core
entropy computing capability, the Dirac series, delivers solutions
for both binary and integer-based optimization problems using over
11,000 qubits for binary problems and over 1000 (n=64) qubits for
integer-based problems, each of which are the highest number of
variables and problem size available in quantum computing
today. Using the Company's core quantum methodologies, QCi has
developed specific quantum applications for AI, cybersecurity and
remote sensing, including its Reservoir Photonic Computer series
(intelligence), reprogrammable and non-repeatable Quantum Random
Number Generator (cybersecurity) and LiDAR and Vibrometer (sensing)
products. For more information about QCi,
visit www.quantumcomputinginc.com.
Important Cautions Regarding Forward-Looking
Statements
This press release contains forward-looking statements as
defined within Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. By their nature, forward-looking statements and
forecasts involve risks and uncertainties because they relate to
events and depend on circumstances that will occur in the near
future. Those statements include statements regarding the
intent, belief or current expectations of QCi and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements.
QCi undertakes no obligation to update or revise forward-looking
statements to reflect changed conditions. Statements in this
press release that are not descriptions of historical facts are
forward-looking statements relating to future events, and as such
all forward-looking statements are made pursuant to the Securities
Litigation Reform Act of 1995. Statements may contain certain
forward-looking statements pertaining to future anticipated or
projected plans, performance and developments, as well as other
statements relating to future operations and results. Words such as
"may," "will," "expect," "believe," "anticipate," "estimate,"
"intends," "goal," "objective," "seek," "attempt," "aim to," or
variations of these or similar words, identify forward-looking
statements. These risks and uncertainties include, but are
not limited to, those described in Item 1A in QCi's Annual Report
on Form 10-K and other factors as may periodically be described in
QCi's filings with the U.S. Securities and Exchange Commission.
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SOURCE Quantum Computing Inc.