Quantum Computing Inc. Appoints Michael C. Turmelle to its Board of Directors
January 04 2022 - 8:31AM
Quantum Computing Inc. (QCI) (Nasdaq: QUBT), a leader in bridging
the power of classical and quantum computing, has appointed Michael
C. Turmelle to serve on the company’s board of directors.
Turmelle brings years of public company executive experience, as
well as an extensive background in finance and operations in
technology-based companies. He has vast expertise in devising
innovative business solutions to successfully deliver profitable
outcomes. He has delivered financial and operational leadership
across a variety of organizations and markets, and is a proven
board member, having served on numerous boards of directors.
“I am pleased to be asked to sit on the Board of Directors at
Quantum Computing, Inc.” said Turmelle. “The opportunity to work
with such a talented team with the ability to address real world
complex issues is quite exciting. I am looking forward to
supporting the business in its critical mission to provide powerful
quantum solutions.”
Prior to joining QCI’s board, Turmelle was appointed Chairman of
the Board for Ideal Power, where he is actively involved in
transitioning the company from an inverter to a power semiconductor
switch company. He also served as Chair of the Audit Committee at
Ideal Power for over four years. Turmelle spent time as the
Managing Director of Hayward Tyler, which designs, manufactures and
services performance-critical electric motors and pumps. Michael
led initiatives that boosted revenues by 50%, enhanced operating
profit and slashed lead-time by 85%.
“QCI’s goal is to deliver quantum computing value to business
users today,” said Robert Liscouski, chairman, president, and CEO
of QCI. “We have a unique opportunity to accelerate the adoption
and delivered value of quantum computing, offering today’s IT users
and business experts the benefits of quantum computing to solve
real world business problems. We are excited to have Michael join
our team. We expect his proven savvy in driving innovative
go-to-market and product strategies to fuel QCI’s ongoing
profitable growth.”
Previously, Turmelle ran his own consulting company
working with start-ups in the areas of renewable energy, medical
and other advanced technologies. Mr. Turmelle has served on
numerous Board of Directors, including the Board of Directors of
Implant Sciences Corp., an explosive and narcotic trace detection
company, where he served as Chairman of the Board from 2015 to
2017. Turmelle was Chief Financial Officer and Chief Operating
Officer and a member of the Board of Directors of SatCon. He was
also on the Board of Directors of Beacon Power, a SatCon spin-off
company dealing in flywheel energy storage.
Mr. Turmelle has a BA in Economics from Amherst
College and is a graduate of General Electric’s Financial
Management Program.
About Quantum Computing Inc.Quantum Computing
Inc. (QCI) (Nasdaq: QUBT) is focused on accelerating the value of
quantum computing for real-world business solutions. The company’s
flagship product, Qatalyst, is the first software to bridge the
power of classical and quantum computing, hiding complexity and
empowering SMEs to solve complex computational problems today.
QCI’s expert team in finance, computing, security, mathematics and
physics has over a century of experience with complex technologies;
from leading edge supercomputing innovations, to massively parallel
programming, to the security that protects nations. Connect with
QCI on LinkedIn and @QciQuantum on Twitter. For more information
about QCI, visit www.quantumcomputinginc.com.
Important Cautions Regarding Forward-Looking
StatementsThis 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 Quantum Computing (“Company”),
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.
The Company 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. Any statements in this press release that
are not statements of historical fact may be considered to be
forward-looking statements. 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 the Company’s Annual Report on Form 10-K, which is
expressly incorporated herein by reference, and other factors as
may periodically be described in the Company’s filings with the
SEC.
Qatalyst™ is the trademark of Quantum Computing Inc. All other
trademarks are the property of their respective owners.
Company Contact:Robert Liscouski, CEOQuantum
Computing, Inc.+1 (703) 436-2161Email Contact
Investor Relations Contact:Ron Both or Grant
StudeCMA Investor Relations+1 (949) 432-7566Email Contact
Media Relations Contact:Bob GellerFusion Public
Relations+1 (917) 816-0562qci@fusionpr.com
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