Director Appointment

Quantum Exponential Group PLC

12 December 2023

 

12 December 2023

Quantum Exponential Group plc

(the 'Company' or 'Quantum Exponential')

Director Appointment

Quantum Exponential Group plc (AQSE: QBIT), a company focused on investing in quantum technology, is pleased to announce that Stuart Woods has been appointed as a director of the Company with immediate effect.

Mr. Woods has over three decades of experience and has led a number of technology companies ranging from startups to publicly traded, multi-million-pound businesses. His diverse portfolio comprises eleven disruptive technologies and includes five acquisitions. He has built, raised funds for and managed these companies by mapping their specific needs and strengths while building their teams.

Stuart's operational, technical, and managerial experience spans both size and sector and led him most recently into cryogenics for quantum computing, where he was managing director of Oxford Instruments NanoScience ("OIN"), part of London Stock Exchange-listed Oxford Instruments Plc, currently capitalised at c.£1.1 billion.

At OIN, he led a team at the forefront of the development and commercialisation of quantum computing globally, creating high performance, industrial cryogenic environments for ultra-low temperature and high magnetic field applications in physics and materials science down to the atomic. Stuart was also a member of the Management Board of Oxford Instruments plc and played a key role in the delivery of the company's environmental strategy, focused on minimising the environmental footprint of its operations, products, and services.

Stuart is currently a Business Strategy Officer on the board of The Quantum Insider, a leading provider of media and market intelligence on the quantum technology industry helping clients across the world understand and thrive in complex, fast-growing markets. Stuart supports The Quantum Insider on its commercial strategy which includes expanding its business verticals and advising on its product growth plans.

Stuart has been Chief Operating and Strategy Officer at Quantum Exponential since January 2023.

Stuart Woods currently has no interest in the issued share capital of the company.

Current Directorships	Former Directorships and/or partnerships (within the last five years)
Quantum Exponential ApS	Oxford Instruments Plc Geosoft Srl (Italy) Technet-rail 2010 GmbH (Germany)

Except as set out above, there is no further information regarding Stuart Woods that is required to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.

Steven Metcalfe, CEO of Quantum Exponential, commented:

"'I am delighted to welcome Stuart to the Board as we continue our work to establish the UK as a global leader in the quantum ecosystem and Quantum Exponential as a key player within it.'"

Stuart Woods, COO and CSO of Quantum Exponential, commented:

'I am so pleased to not only join Quantum Exponential's board but to do so from the unique position of having been the company's chief operating and strategy officer for the last 11 months. Our unified commitment to identifying opportunities for our shareholders has already yielded great success, and I look forward to continuing to work alongside QE's high-calibre team both in my current role and in a governance capacity on the Board.'

This announcement contains information that, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

The Directors take responsibility for this announcement.

**ENDS** 

For more information, visit the Company's website: www.quantumexp.co.uk or contact: 

Steven Metcalfe, Chief Executive Officer            c/o [e-mail] 

Novum Securities (AQSE Corporate Adviser)      Tel: [phone] 

David Coffman, George Duxberry                             

VSA Capital (AQSE Corporate Broker)                     Tel: [phone]

Peter Mattsson, Simon Barton

St Brides Partners Limited (Financial PR)              [e-mail] 

Catherine Leftley, Ana Ribeiro, Isabelle Morris   

About Quantum Exponential Group plc 

Quantum Exponential is a first of its kind, AQSE Growth Market Enterprise Company, focused on opportunities in quantum technology and the wider quantum computing sector, with an advisory board made up of industry advisors, entrepreneurs, and technology investment professionals with broad access to quantum opportunities and markets. Quantum Exponential's investment strategy is to assemble a portfolio of minority investments in early-stage global quantum technology companies, primarily in NATO allied countries, offering institutional and private investors access to revolutionising technologies and industries in the realms of artificial intelligence, manufacturing and healthcare. 

Quantum Exponential trades on Aquis Growth Market under the ticker symbol "QBIT".  

 

END