LEESBURG, Va., June 22,
2023 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or
the "Company") (NASDAQ: QUBT), a first-to-market nanophotonic-based
quantum technology company, is pleased to announce the appointment
of Chris Boehmler as its new Chief
Financial Officer (CFO). Mr. Boehmler brings extensive
financial expertise and a strong background in strategic financial
management to QCi. Mr. Boehmler succeeds Chris Roberts, who, in addition to the CFO role,
developed and managed the Company's legal and human resource
functions. Mr. Roberts has successfully transitioned the
human resource management responsibilities to the Company's
recently-hired human resource director and, as a senior member of
the executive team, is continuing in the role of General Counsel
and a strategic advisor to the Company as a consultant. With
a background in corporate law, government contracts and litigation,
Mr. Roberts has extensive practical experience to assist the
Company. Mr. Roberts began his legal career in New York City and received his JD from the
University of Virginia School of Law,
MS (Management) from the MIT Sloan School of
Management, and BS (Electrical Engineering) from
MIT.
Mr. Boehmler, the Company's newly appointed CFO, has over
20 years of financial expertise, including investment banking,
planning & analysis, accounting operations, financial and SEC
reporting, systems integrations and financial risks &
controls. Prior to joining QCi in early 2022 as the Company's
Controller, Mr. Boehmler had started his career at Credit Suisse
and Booz Allen Hamilton supporting
financial institutions and government clients, respectively.
He went on to hold various senior financial positions
at technology companies and financial institutions, including
Bridgewater Associates, LP and Intelsat, where he successfully
drove financial strategy and managed complex financial operations
in high-demand environments. As CFO, Mr. Boehmler will assume
a crucial role in overseeing the Company's financial operations,
strategy, and planning as QCi enters material
commercialization. He will be responsible for managing the
Company's financial systems, overseeing SEC reporting and investor
relations, while also collaborating closely with the executive team
to drive strategic initiatives and optimize cost-effective controls
while supporting QCi's anticipated growth. Mr. Boehmler
received his BA (Economics) from the University of Chicago.
"Chris Roberts has played a key
role in the formation and growth of QCi and has worked with me
as a close partner throughout our start-up phase. His
dedication, tireless commitment and contributions to the Company
have enabled us to evolve to where we are today, and we are
grateful for his leadership and mentorship of the next generation
of Company leaders," commented Robert
Liscouski, CEO of Quantum Computing Inc.
Liscouski continued, "Importantly, I officially welcome
Chris Boehmler to the QCi officer
ranks. Over the past year, Chris has not only surpassed
our high expectations for meticulous financial acumen, but he has
also proven to be a tireless study of our technology, our products,
and future applications. Chris' impressive background and
proven track record in financial leadership, combined with his deep
understanding of our company and its technology, will be
instrumental in guiding QCi's financial growth and driving
shareholder value within the rapidly emerging quantum computing
landscape."
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. is a quantum hardware and software
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 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,
reprogrammable and non-repeatable Quantum Random Number
Generator and LiDAR products. For more information about QCi,
visit www.quantumcomputinginc.com.
About Qi Solutions, Inc. (QiS)
Qi Solutions, Inc., a wholly owned subsidiary of Quantum
Computing Inc., is a supplier of quantum technology solutions and
services to the government and defense industries. With a team of
qualified and cleared staff, QiS delivers a range of solutions from
entropy quantum computing to quantum communications and sensing,
backed by expertise in logistics, manufacturing, R&D and
training. The company is exclusively focused on delivering tailored
solutions for partners in various government departments and
agencies.
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 Quantum Computing Inc. (the "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.
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SOURCE Quantum Computing Inc.