Quantum Computing Inc. Board of Directors Appoints Dr. William McGann as the Company's CEO and Co-Founder Robert Liscouski as Chairman of the Board

LEESBURG, Va., Jan. 31, 2024

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".