Quantum Materials Corp Expands Executive Leadership Team To

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Quantum Materials Corp Expands Executive Leadership Team To Execute Growth Strategy

New appointees to lead commercialization of quantum dot technology for COVID-19 Testing and other medical applications



San Marcos, TX – March 3, 2021 –Quantum Materials Corp (QMC), today announced that it has recently appointed three members to executive leadership: Senior Vice President Clinical R&D and Regulatory Affairs Dr. John Carrano, Chief Operating Officer Pete Cona, and Chief Strategy Officer Dr. Nicholas Vitalari. All have been at the forefront of the healthcare and tech industry, bringing unparalleled experience to QMC.



Dr. Carrano comes to QMC, from Paratus Diagnostics, where he was most recently the Founder, President and CEO. In this role, Dr. Carrano was focused on developing specific diagnostics medical modules to resolve the obstacle of point-of-care technologies achieving low-complexity (CLIA waived) designation by the FDA. Dr. Carrano has vast experience raising capital in diagnostics, a crucial factor to propel QMC forward as a leader in the industry. Dr. Carrano is a West Point graduate and 28 year veteran of the United States Army. John was a Program Manager at the Defense Advanced Research Projects Agency (DARPA) for 5 years where he initiated and led programs focused on biological sensing and diagnostics. “The unique QMC technology portfolio positions the company at the forefront of disruptive innovation in clinical diagnostics. I am honored to join this team of seasoned and successful professionals as we pursue excellence in transformative solutions for healthcare,” said Dr. Carrano.



Pete Cona has over 30 years’ experience in multiple executive business management and business development roles where he led the commercial launch of leading-edge technology and software products to address large emerging markets most recently in the energy industry. “We are very pleased to have Pete join QMC. Pete has a proven track record leading the adoption of promising new technology products into large mainstream markets. He brings a wealth of experience to QMC as a key member of our team to drive our growth plans,” said Steve Squires. “This is an exciting time for the company, I am very happy to join the QMC team to promote the unique advantages of our quantum dot and digital technologies and fortify our position in these vertical markets,” said Pete Cona.



Nick Vitalari is a seasoned executive and thought leader having served in executive roles across the private and public sectors. Nick joins the executive team full time and transitions from his previous advisory role with the firm. In his new role Nick will advise the company in strategic matters to develop, promote, and advance corporate strategic initiatives that drive enterprise value. “I’m honored to join a highly talented leadership team in a company committed to innovative products and services that improve people’s lives,” said Nick Vitalari.



Their appointments build upon plans for QMC HealthID, Incorporated, a wholly owned subsidiary of Quantum Materials Corp. in partnership with Innova Medical Group to leverage quantum dot technology for COVID-19 testing, point of care diagnostics, and next generation medical applications. “We are working on breakthrough technologies in the areas of COVID testing with our partners at QMC that we intend to rollout in the upcoming quarter” said Daniel Elliott, CEO of Innova Medical Group.



“QMC continues to focus on its cutting-edge quantum dot technology that has the potential to accelerate change and address health care challenges facing the public, including point of care diagnostics, drug delivery, testing and counterfeit medications,” said Stephen B. Squires, CEO of Quantum Materials Corp. “QMC is at an exciting and pivotal stage, and I am confident this talented team has the expertise needed to drive the company forward with great success.”

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