Quantum Loophole Promotes Rick Keiner to Top Financial Post

Rhea-AI Summary

Quantum Loophole has appointed Rick Keiner as Chief Financial Officer, bringing 20 years of experience from high-growth environments. He played a key role in negotiating financing for the Quantum Frederick project in Maryland, which spans over 2,100 acres dedicated to data center development. Keiner's background includes vital positions at CyrusOne and Cincinnati Bell, where he contributed to their IPOs and financial strategies. His leadership is expected to enhance Quantum Loophole's financing, investment strategies, and sales pipeline, particularly with the upcoming QLoop fiber-optic network.

Positive

• Rick Keiner appointed as CFO, bringing significant experience from previous roles.
• Key role in financing the 2,100-acre Quantum Frederick data center project.
• Strengthening of sales pipeline through industry relationships.
• Leadership in developing the QLoop fiber-optic network, attracting carrier interest.

Negative

• None.

Seasoned industry finance executive appointed as CFO for innovative data center infrastructure company

AUSTIN, Texas--(BUSINESS WIRE)-- Quantum Loophole, Inc., an innovative developer of first-of-its-kind Gigawatt-scale master planned data center communities, today announces that Rick Keiner has been named Chief Financial Officer. The move comes as Quantum Loophole enters a period of heightened activity and progress at Quantum Frederick, the inaugural site offering mass scale and speed to market for data center development including in land, power, water, and network located in Frederick County, Maryland.

Rick brings two decades of extensive experience in high growth environments improving processes, reporting and profitability to the Quantum Loophole team. Before joining Quantum Loophole, Rick led the F P & A group at CyrusOne, and played pivotal roles in finance, SEC reporting and investor relations at regional telecom provider Cincinnati Bell. Rick was an integral part of the team responsible for spinning off the CyrusOne (Nasdaq: CONE) IPO in 2013.

At Quantum Loophole, Rick continues to play a leading role in enabling the company to proceed with its plans to develop the largest master-planned data center project in the region. He played a leading role on the team that negotiated the financing of the Quantum Frederick development of over 2,100 acres in Frederick County, has strengthened the sales pipeline through his relationships in the industry, and is orchestrating the financing of QLoop, Quantum Loophole’s next regional fiber-optic network connecting Quantum Frederick to data center alley in Northern Virginia, which has drawn active interest from carriers and data center companies, alike. The network is an ultra-high count fiber optic cable system designed to enable automatic cross connections and fully redundant regional fiber connectivity capable of sub-millisecond latency between Frederick County Maryland and Loudoun County Virginia. Most recently, Rick played a key role in finalizing Quantum Loophole’s first land-lease agreement with Aligned Data Centers.

“Rick is absolutely the one we need at the Finance helm for Quantum Loophole,” remarked Josh Snowhorn, founder and CEO. “We have worked closely together on past major initiatives, and Rick’s insight, diligence and attention to detail was instrumental in making the vision a successful reality. He is a key member of our team overseeing our funding, investment trajectories, and transactions in the pipeline.”

Quantum Loophole reimagines the site selection process for hyperscale and mass-scale data center developments. Its first project, in Frederick County Maryland, is designed to provide the digital infrastructure industry a 10-20 year road map inclusive of land, power, water and network. In addition to the 2,100+ acre development site, the QLoop network is set to be one of the most robust conduit systems to ever be constructed, capable of holding over 200,000 strands of fiber.

For more information about Quantum Loophole visit: www.quantumloophole.com.

About Quantum Loophole

Quantum Loophole disrupts data center site selection offering a rapid platform delivery for land, power, connectivity, and scale. The company’s first-of-its-kind gigawatt-scale, master planned data center development uniquely addresses the scalability, connectivity, and cost-efficiency challenges of today’s large-scale deployments. Powered by innovative energy systems, hundreds of thousands of strands of fiber from multiple carriers, and mass-scale entitled land, Quantum Loophole’s master planned communities take the guesswork out of adding needed data center capacity, allowing hyperscalers, enterprises, and colocation providers speed with go-to-market capabilities. Incorporating renewable energy, land and water improvements, Quantum Loophole offers an environmentally sound approach that reduces the overall carbon footprint while fully enabling powered land with the highest level of connectivity, reliability, and security. For more information, please visit www.quantumloophole.com.

Forward-Looking Statements

This press release contains, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will," and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding our plans for data center cities, sustainable growth and community-mindedness, ability to manage pricing pressure, and similar statements.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans, and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict, and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, economic and financial conditions, including volatility in interest and exchange rates; commodity and equity prices, and the value of financial assets, land prices, power pricing volatility, capital and/or credit market availability; the adequacy of our cash flow; strategic actions; the occurrence of hostilities; political instability or catastrophic events; changes in customer demand; the extent to which we are successful in gaining new long-term relationships with customers and the level of service failures that could lead customers to use competitors' services; and developments and changes in laws and regulations, including increased regulation of the power and data infrastructure industry through legislative action and revised rules and standards, among others.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005345/en/

Ilissa Miller

iMiller Public Relations

Tel: 1.914.315.6424

Email: ql@imillerpr.com

Source: Quantum Loophole, Inc.

FAQ

Who is the new CFO of Quantum Loophole?

Rick Keiner has been appointed as the new Chief Financial Officer of Quantum Loophole.

What is the significance of the Quantum Frederick project?

The Quantum Frederick project is a large-scale data center development covering over 2,100 acres in Frederick County, Maryland.

How will Rick Keiner impact Quantum Loophole's strategic direction?

Rick Keiner's experience is expected to enhance Quantum Loophole's financial strategies, investment opportunities, and sales pipeline.

What is the QLoop fiber-optic network?

The QLoop is a planned fiber-optic network designed to connect Quantum Frederick to key data center areas, capable of sub-millisecond latency.

What prior experience does Rick Keiner bring to Quantum Loophole?

Rick Keiner has prior experience in finance and investor relations at CyrusOne and Cincinnati Bell, contributing to their IPOs and financial growth.