William McGann, PhD, Transitions to Chief Operating and Technology Officer in Charge of Technology and Engineering for Quantum Computing Inc.

Leesburg, Virginia, UNITED STATES


LEESBURG, Va., Jan. 04, 2022 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (the “Company” or “QCI”) (Nasdaq: QUBT), a leader in accelerating access to the power of quantum computing, has appointed renowned business and technology leader William J. McGann, Ph.D. as Chief Operating and Technology Officer (COO/CTO) responsible for technical and product engineering. He will lead QCI’s ready-to-run quantum software initiatives as the company enhances its quantum optimization software with powerful innovation. McGann previously served on QCI’s board of directors.

McGann brings over 30 years of executive leadership, technology, and science experience, strengthened by an underlying passion for turning emerging technology into practical solutions for solving some of the world’s greatest challenges. Throughout his career, he has contributed to the advancement of research and technology development and has authored over 70 research proposals for the U.S. government, dozens of scientific publications, and 26 patents in the areas of nuclear, chemical and biological detection technologies.

“It is an honor and a privilege to join the QCI team to support the execution of the business growth strategy,” said McGann. “As a leader, I look forward to establishing an exciting, fast-paced business rhythm that is customer-focused and leading through innovation. We will aspire to be the best in all that we do and endeavor to become the preeminent leader in delivering quantum solutions to the market that advance customer business and application outcomes.”

McGann will be responsible for QCI’s technology innovation and product engineering. In this role, he will be charged with overseeing and managing QCI’s technology development and research efforts.

“We are fortunate to have Bill join QCI as an executive to lead our quantum technology and engineering efforts,” said Robert Liscouski, chairman, president, and CEO of QCI. “Bill brings a vast and deep knowledge of quantum technology with a stellar track record of identifying and productizing breakout technology for highly successful commercialization. Bill and I have worked together in the past, and frankly, he simply is the best at bringing technology innovation to the real world.”  

“QCI’s ability to attract world-class talent like Dr. McGann demonstrates that we are on the right path to becoming the industry’s leading quantum software development company,” Liscouski continued. “Bill’s breadth of experience and success in both the commercial and government markets gives us the edge we need to continue outpacing our competition. His experience and focus on software development processes, research and building relationships with our hardware partners will ensure that QCI’s products and services meet the market needs, and I look forward to working closely with Bill to further develop our software engineering team with the skills and talent to continue our success.”

McGann previously served as Chief Technology Officer for the Security, Detection and Automation business of Leidos Corp., a civil, defense, health, and intelligence innovator. In this role, he focused on the creation of innovative customer solutions driven by a strong portfolio of physics, chemistry and software-based products. Over the course of his professional career, McGann has held numerous business and technology leadership positions, including founder of the first explosives trace detection company, Ion Track Instruments; CTO for GE Security; VP of engineering for United Technologies Fire and Security; CEO and board member of Implant Sciences Corp.; and CTO at L3Harris Technologies, Security and Detection Systems Division.

McGann received his Ph.D. in Chemical Physics from University of Connecticut and holds undergraduate degrees in both chemistry and biology.

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 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 (“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, CEO

Quantum Computing, Inc.

+1 (703) 436-2161

Email Contact

Investor Relations Contact:

Ron Both or Grant Stude

CMA Investor Relations

+1 (949) 432-7566

Email Contact

Media Relations Contact:

Mark Prindle

Fusion Public Relations

+1 (917) 816-0562

qci@fusionpr.com