PR88675

MUNICH, March 25, 2021 /PRNewswire=KYODO JBN/ --

IQM Quantum Computers (IQM) [https://www.meetiqm.com/] announced today that

Helmut Jeggle has joined IQM’s board of directors. He joins the company during

a transformational phase. After successfully closing its Series A funding round

and selling its first quantum computer, IQM is now ready to lead the European

and global ecosystems with a focus on Germany.

“I am extremely excited that Helmut has accepted our invitation to join IQM’s

board of directors. He has an established track record in building technology

businesses and brings in decades of experience in creating global tech giants.

He was closely involved in Hexal’s business and he has supported BioNTech on

its journey towards establishing itself as a global company for more than a

decade. We look forward to his contributions in maximizing the potential of IQM

and become a global leader for quantum computers,” said Jan Goetz, CEO of IQM.

Helmut Jeggle joins IQM at a critical juncture in the company’s development

following his investment in the company as part of the series A financing round

in 2020 via his investment vehicle Salvia GmbH. With the recent financing

round, IQM is in a leading position to build a quantum computer in Germany and

create value through its novel co-design approach.

”The amount of data that needs to be processed is one of the limiting factors

in many industries. Quantum computers and alternate technologies provide the

opportunity to leverage big data more rapidly and efficiently. One exciting

application could also be to accelerate and streamline drug development

processes. IQM is already building Finland’s first quantum computer and is also

the leading system integrator in Europe. The German project Digital-Analog

Quantum Computing (DAQC) is a testament to how the German government can work

together with startups, academia, research and industry partners, to establish

Europe as a quantum leader. With IQM, our objective is to develop a deep-tech

idea into a global business leader,” said Helmut Jeggle.

Helmut Jeggle held various positions with Hexal AG, including Head of Business

Planning & Analyses. He is General Manager of ATHOS Service GmbH, the

Strüngmann brothers’ family office and also a member of numerous supervisory

boards.

Helmut joins the IQM board, which is chaired by Dr. Axel Thierauf. Other board

members include Dr. Mikko Välimäki, Herbert Mangesius, and Dr. Kuan Yen Tan.

About IQM Quantum Computers:

IQM is the European leader in superconducting quantum computers, headquartered

in Espoo, Finland. Since its inception in 2018, IQM has grown to 90+ employees

and has also established a subsidiary in Munich, Germany, to lead the co-design

approach. IQM delivers on-premises quantum computers for research laboratories

and supercomputing centers and provides complete access to its hardware. For

industrial customers, IQM delivers quantum advantage through a unique

application-specific co-design approach. IQM has raised € 71 Million through

private and public funding and was recently awarded € 12.4 Million by the

German Ministry of Education and Research to commercialize application-specific

quantum processors. For more information, visit www.meetiqm.com.

Registered offices:

IQM Finland Oy

Keilaranta 19

02150 Espoo

Finland

www.meetiqm.com

IQM Germany GmbH

Nymphenburger Str 86

80636 München

Germany

www.meetiqm.com/de/

Contacts:

Jan Goetz, CEO, IQM Quantum Computers

Jan@meetiqm.com

Media Contact:

Raghunath Koduvayur, Head of Marketing and Communications

Raghunath@meetiqm.com

+358504876509

About Salvia:

Salvia is a private investment company founded and managed by Helmut Jeggle.

Salvia invests in the areas of life science, digital health and deep tech,

among others, mainly as a business angel, but also in later stages as a venture

capitalist.

IQM: Facts and Figures

- IQM offices: Espoo, Finland (Headquarters), and Munich, Germany.

- Number of employees currently (March 2021): 90+ employees.

- Funding: Over € 71 Million from private investors and public entities.

- Founding Year: 2018

Founders:

- Dr. Jan Goetz, CEO, Co-founder of IQM

- Dr. Kuan Yen Tan, CTO, Co-founder of IQM

- Prof. Mikko Mottonen, Chief scientist, Co-founder of IQM

- Dr. Juha Vartiainen, COO, Co-founder of IQM

Photo - https://mma.prnewswire.com/media/1473080/IQM_Helmut_Jeggle.jpg

Photo - https://mma.prnewswire.com/media/1473081/IQM_Quantum_computer_design.jpg

Logo - https://mma.prnewswire.com/media/1121497/IQM_Logo.jpg

Source: IQM Finland Oy