TIDMQBIT
RNS Number : 3950U
Quantum Exponential Group PLC
23 November 2023
23 November 2023
Quantum Exponential Group plc
(the 'Company' or 'Quantum Exponential')
UK Government Re-affirms its Commitment to Innovation and
Technology with the Launch of Five New Quantum Missions in the
Chancellor's Autumn Statement
Quantum Exponential Group plc (AQUIS: QBIT), a company focused
on investing in quantum technology, is pleased to note, the
inclusion of five new quantum missions in Jeremy Hunt's, Chancellor
of the Exchequer, Autumn Statement. This builds on the Government's
GBP2.5 billion National Strategy announced earlier in the year and
it's a clear indication of the Government's support and commitment
to make quantum accessible across a range of technologies including
sensing, navigation systems, computing, and communications.
The five missions outlined below highlight the breadth and reach
of quantum technology in what we hope is a driver for greater
collaboration and investment from the public and private
sectors.
The five missions are:
-- By 2035, there will be accessible, UK-based quantum computers
capable of running 1 trillion operations and supporting
applications that provide benefits well in excess of classical
supercomputers across key sectors of the economy.
-- By 2035, the UK will have deployed the world's most advanced
quantum network at scale, pioneering the future quantum
internet.
-- By 2030, every NHS Trust will benefit from quantum
sensing-enabled solutions, helping those with chronic illness live
healthier, longer lives through early diagnosis and treatment.
-- By 2030, quantum navigation systems, including clocks, will
be deployed on aircraft, providing next-generation accuracy for
resilience that is independent of satellite signals.
-- By 2030, mobile, networked quantum sensors will have unlocked
new situational awareness capabilities, exploited across critical
infrastructure in the transport, telecoms, energy, and defence
sectors.
Steven Metcalfe, CEO of Quantum Exponential said:
"The inclusion of the five missions' statements in the
Chancellor's budget indicates a clear commitment by the UK
Government to roll out and expand a broad range of quantum
technologies across several sectors. The time to invest in these
innovative technologies is now, both from a private and public
perspective, if we are to deliver on the very ambitious commitments
outlined by the Chancellor's autumn statement and transform the UK
into a global leader in quantum."
For more information on the National Quantum Strategy Missions
visit: National Quantum Strategy Missions - GOV.UK (www.gov.uk)
**ENDS**
For more information, visit the Company's website:
https://www.quantumexp.co.uk/ or contact:
Steven Metcalfe, Chief Executive Officer c/o quantum@stbridespartners.co.uk
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) quantum@stbridespartners.co.uk
Catherine Leftley, Ana Ribeiro, Isabelle Morris
Notes to Editors
About Quantum Exponential Group plc
Quantum Exponential is a first of its kind, AQSE Growth Market
SPAC, 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'.
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END
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November 23, 2023 02:00 ET (07:00 GMT)
Quantum Exponential (AQSE:QBIT)
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