Mr. Eugene Profis reports

QUANTUMCORE ANNOUNCES CHANGES TO BOARD OF DIRECTORS

David Marantz has been appointed to Quantumcore Ltd.'s board of directors. Mr. Marantz is a technology and health care executive with over 15 years of experience scaling high-growth companies, raising capital and leading strategic transformations across health care, benefits and SaaS (software-as-a-service).

Mr. Marantz currently serves as the chief executive officer and a director of Mednow Inc., where he has led the company's turnaround and take-private, executing a complex restructuring that secured over $5-million in new capital, reset the cost base and restored the business to growth. As former chief revenue officer of Mednow, Mr. Marantz helped scale the company's revenue as a public company through organic growth and strategic acquisitions, integrated the Medvisit physician home care platform, and secured partnerships with Medcan, Dexcom and Co-operators Insurance. Mr. Marantz also serves as an advisor to EverKind Inc., an artificial-intelligence-powered mental health startup, where he supports the founding team on go-to-market and commercialization strategy. Previously, Mr. Marantz was a large enterprise sales director at League. Mr. Marantz holds an MBA and HBA from the Richard Ivey School of Business. He volunteers with Ronald McDonald House and the Toronto Humane Society.

Concurrently with the appointment, Christopher Wilson has resigned as a director of the company, and the company has accepted his resignation. Mr. Wilson will continue in his role as chief technology officer of Quantumcore and, subject to board approval, is expected to be included in the slate of directors nominated for election at the next annual meeting of shareholders of Quantumcore.

About Quantumcore Ltd.

Quantumcore is a quantum infrastructure company focused on developing enabling hardware technologies for the quantum computing ecosystem. The company is advancing superconducting amplifier platforms and cryogenic signal technologies intended to support the next generation of scalable quantum computing systems.

We seek Safe Harbor.