16 March 2023
Quantum Exponential Group plc
(the 'Company' or 'Quantum Exponential')
Quantum Exponential Group plc (AQSE: QBIT), a company focused on investing in quantum technology, is pleased to note Jeremy Hunt, the
Quantum Exponential welcomes this initiative as the Company believes that quantum technology is a critical area of investment for the future of the
Highlights of the Plan for Quantum
o Ensuring the
o Supporting businesses through innovation funding opportunities and by providing access to world-leading R&D facilities
o Driving the use of quantum technologies in the
o Creating a national and international regulatory framework
· An extension to the British Patient Capital for a further 10 years, while increasing its focus on R&D-intensive industries, ringfencing at least
· Inviting feedback on the design of a "Long-term Investment for Technology and Science (LIFTS) initiative" to create new investment vehicles for funding science and tech companies, tailored to the needs of defined contribution pension schemes.
· Plans to open a consultation on transferring the Local Government Pension Scheme's
Commenting on the Chancellors Spring Budget, CEO of Quantum Exponential Group, Steven Metcalfe said:
"The clear commitment to quantum computing, outlined by Jeremy Hunt, the Chancellor of the Exchequer in yesterday's Spring Budget is well received. As an investment company, whose ethos is to fund innovative companies that are using quantum technology to solve so many of today's problems, we know only too well just how transformational quantum technology will be in the future.
"We believe we are the only
Ian Pearson, non-executive Chairman, added:
"The Spring Budget is very welcome news that the government is continuing to expand its support for quantum technology. Quantum is going to change our lives - and it's not something for the distant future, it's going to start happening soon. It's hugely important that the
"We are proud to be at the forefront of this disruptive change and to supporting companies, particularly in the
For more information on the Spring Budget 2013, visit the
For more information, visit the Company's website: www.quantum-exponential.co.uk or contact:
Steven Metcalfe, Chief Executive Officer c/o email@example.com
Novum Securities (AQSE Corporate Adviser) Tel: +44 (0)20 7399 9400
David Coffman, George Duxberry
Oberon Capital (Broker) Tel: +44 (0)20 3179 5344
Mike Seabrook, Chris Crawford
St Brides Partners Limited (Financial PR) firstname.lastname@example.org
Catherine Leftley, Ana Ribeiro, Isabelle Morris
About Quantum Exponential Group plc
Quantum Exponential is the 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 AQSE Growth Market under the ticker symbol "QBIT'.