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Quantum Computing Inc Appoints Security and Cryptography Expert Brian LaMacchia to Technical Advisory Board

Quantum Computing Inc.
Quantum Computing Inc.

LEESBURG, Va., March 21, 2023 (GLOBE NEWSWIRE) -- Quantum Computing Inc. (“QCI” or the “Company”) (NASDAQ: QUBT), a first-to-market full-stack photonic-based quantum computing and solutions company, today announced the second appointment to its Technical Advisory Board launched on February 2, 2023. Effective immediately, Dr. Brian LaMacchia, joins US intelligence community veteran and technology strategist The Honorable James (Jim) Simon, Jr who heads the Board with the mission to guide and advance the strategic evolution of QCI’s technology while ensuring effective commercialization of product rollouts.

Brian LaMacchia recently retired from Microsoft Corporation where he was a Distinguished Engineer and head of the Security and Cryptography team within Microsoft Research. Before retiring, his team’s main project was the development of quantum-resistant public-key cryptographic algorithms and protocols. Dr. LaMacchia was also a co-founder of the Microsoft Cryptography Review Board and consulted on security and cryptography architectures, protocols, and implementations across the company. Prior to joining Microsoft Research in 2009, Dr. LaMacchia was the Architect for cryptography in Windows Security, Development Lead for .NET Framework Security and Program Manager for core cryptography in Windows 2000. Dr. LaMacchia began his career as a Senior Member of the Technical Staff in the Public Policy Research Group at AT&T Labs—Research.

Dr. LaMacchia is an Adjunct Associate Professor in the Luddy School of Informatics, Computing and Engineering at Indiana University-Bloomington and an Affiliate Faculty member of the Paul G. Allen School of Computer Science and Engineering at the University of Washington. Dr. LaMacchia is also currently Treasurer of the International Association for Cryptologic Research (IACR), a member of the Computing Community Consortium (CCC) Council, and, a member of the National Academies Forum on Cyber Resilience. He is also a Vice President of the Board of Directors of the Seattle Opera and was formerly on the Board of the Seattle International Film festival (2009-2019) where he served as Board President (2015- 2016). Currently, he is co-owner of an independent film production company, Farcaster Films. Dr. LaMacchia received S.B., S.M., and Ph.D. degrees in Electrical Engineering and Computer Science from MIT in 1990, 1991, and 1996, respectively. Dr. LaMacchia is a well published author and is inventor or co- inventor on 35 issued U.S. patents, multiple international patents, and numerous in-process patent applications.

Dr. LaMacchia commented, “There is a worldwide transition currently underway towards quantum resistant public-key cryptography. The US government recently announced its first set of quantum- resistant cryptographic algorithms for standardization, and they along with foreign governments and industry are now actively working on updating widely used security protocols to include these new algorithms. Advances in quantum computing are accelerating, and photonic quantum systems are proving to be the most promising with near term positive impact on the security of our existing classical systems. It is my opinion that photonic quantum technologies are the preferred methodology due to its speed, complex solving capabilities, ability to execute today within a conventional environment, and importantly, significant security advancements. I consider QCI to be the most developed participant in this discipline with a clear path towards commercialization of multiple product launches. I look forward to advising QCI on the development and strategic positioning of this vital, timely technology, including its many applications to cryptography and computer security.”

Robert Liscouski, CEO of Quantum Computing, Inc. welcomed Dr. LaMacchia to the QCI team and stated, “To have the caliber of people joining us such as Dr. LaMacchia is a testament to the bright future of QCI and the work we have been doing in quantum computing in general and quantum cyber security applications, specifically. It is imperative that we stay in the forefront of all the advances in quantum methodologies to ensure total network security with zero data compromise for all upcoming enhancements in computing capabilities. We believe that our photonic quantum approach gives us a significant lead and agility to react to industry developments while our advisory team provides us with market intelligence as well as sound strategies to successfully navigate the rapidly emerging opportunities for our products and services. Dr. LaMacchia is a highly active thought leader in all levels of computer security, well versed in commercial trends and best practices. I welcome his insights, advise, and network.”

Mr. Liscouski went on to state, “The market is recognizing that photonic quantum computing is achieving the goals envisioned for the general quantum computing market much sooner than the more conventional approaches. QCI’s photonic quantum computing capabilities with its Diraq1 Entropy Quantum Computer are demonstrating business value today. We have commercial contracts and proofs of concept solving problems dealing with bank fraud, energy optimization, sensor optimization, traffic optimization for unmanned aerial vehicles, etc. However, QCI is more than just a quantum computing company. Our quantum photonic technologies have the ability to address quantum medical imaging, quantum LiDAR, quantum communications, quantum network, and of course, quantum cyber security, which is Dr. LaMacchia’ s area of expertise. QCI is becoming a market leader in quantum photonic technologies, and we believe that over the next several months our commercialization efforts will result in real contracts both in the private sector and the government. We are looking forward to elaborating on these opportunities at the close of our quarter later this month.”

For additional information on the company’s suite of solutions, please visit our website or contact our team directly.

About Quantum Computing Inc.

QCI is a full-stack quantum software and hardware 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 is on a path to delivering an accessible and affordable full-stack solution with real-world industrial applications, using quantum entropy, which can be used anywhere and with little to no training. QCI’s experts in finance, computing, security, mathematics and physics have over a century of experience with complex technologies ranging from leading edge supercomputing to precision sensors and imaging technology, to the security that protects nations. For more information about QCI, visit www.quantumcomputinginc.com.

About Quantum Innovative Solutions

QIS, a wholly owned subsidiary of Quantum Computing Inc., is a newly established 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.

CONTACT: Media Contact: Jessica Tocco – CEO A10 Associates (603) 393-0802 Jessica.Tocco@a10associates.com Investor Relations Contact : Ron Both CMA Investor Relations (949) 432.7566 rb@cma.bz