Stephen Squires

Stephen Squires

President & CEO

Stephen Squires has more than 30 years experience in advanced materials, nanotechnology and other emerging technologies. Prior to forming Quantum Materials Corporation, Mr. Squires consulted on these fields with emphasis on applications engineering, strategic planning, commercialization and marketing. From 1983 to 2001, he was Founder and CEO of Aviation Composite Technologies Inc., which he grew to more than 200 employees and $20 million in revenue. ACT was merged with USDR Aerospace in 2001. In the late 1970s at McDonnell Douglas he developed and adapted advanced materials for combat aircraft applications. 

Mr. Squires continues to pursue his lifelong interest in advanced materials, especially Tetrapod Quantum Dots and other semiconductor nanocrystals with unique nanoscale quantum features. Under his leadership, Quantum Materials has gathered or originated quantum dot technology related to unique QD synthesis, scaling of QD production, and QD printing technologies to position the company for leadership and growth in these areas.

Robert Phillips

Robert Phillips


Robert Phillips has extensive experience as a consultant with positions in accounting, finance, Securities and Exchange Commission (SEC) financial reporting, Sarbanes Oxley (SOX) compliance and strategic planning in industries as diverse as software, hardware manufacturing, medical technology and global communication services.

 Less than two years after completing his MBA at Texas A&M, he became CFO of a publicly traded company that was experiencing a difficult turnaround.  A few years later he again became CFO and Chief Strategy Officer at publicly traded SecureCare Technologies, a medical technology spin-out.

His early CFO experience led him to positions and consulting engagements ranging from the CFO of iStream Technologies, a startup business process management company specializing in regulatory compliance, to global scale Apple, where he was a managing consultant of a high transaction volume stock operations team. There he managed accounting and related 10-Q and 10-K financial equity disclosure and technical accounting assessments, as well as the transitioning of the department's operational site from Cupertino to Austin. 

Jay Williams

Jay Williams


Jay Williams has been a Chief Technology Officer and consultant to many companies in the Fortune 500. As a consultant, he has developed a highly refined process for managing a company’s technology infrastructure, including applications, security, and network assets.

Mr. Williams is a highly sought-after enterprise systems architect and problem solver. He has advised a number of high profile technology companies on their products and is known for a rare combination of deep technology expertise, expert problem solving ability and business acumen. 

He is widely respected by peers and has influenced many pivotal technology consortia and industry steering groups. Mr. Williams regularly consults with senior technology and business executives and is frequently consulted by venture and capital investors for analyses of new technology strategies.

Nick Vitalari

Nick Vitalari

Vice President, Strategy

Dr. Nicholas P. Vitalari is CEO and founder of Elasticity Labs and co-founder of Blitzscaling Enterprises. He has served as a professor and associate dean at the UC Irvine, Paul Merage School of Business and the Donald Bren School of Information and Computer Science, a senior vice president and member of the CSC Corporate Technology Steering Committee at Computer Sciences Corporation, a co-founder and executive vice-president at the Concours Group, and as a consultant for Fortune 500 corporations, major agencies in the Federal Government, and numerous startups.

He is the author of four books and is published widely in peer-reviewed journals and business publications. His 2012book (with Haydn Shaughnessy), The Elastic Enterprise: The New Manifesto for Business Revolutionwas one of the first publications to identify the emergence of new scale economics and its role among companies like Amazon, Apple, Google and Netflix. His most recent work, “Blitzscaling and Beyond,” focuses on how corporations, organizations and social enterprises can employ technology and new scaling models to successfully innovate and do good at unprecedented speed.

He has a Ph.D. and an MBA degree from the University of Minnesota, and an undergraduate degree from Marquette University.

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Peter Cona

Chief Operating Officer

Peter Cona brings thirty years’ senior level business management and business development experience to his role as Chief Operating Officer. His experience has been predominantly centered around helping early stage high-tech companies successfully launch products on a national and global scale. Pete has a successful track record of establishing new businesses, launching new products, developing and executing successful GoToMarket strategies and plans, building scalable operational processes to address large emerging markets, raising capital, and managing high performance teams and board of director responsibilities.

Before QMC Pete led business development for Momentum Dynamics Corp, a leading provider of electric vehicle wireless fast charging systems, where he scaled sales, business development, distribution, and sales operations to secure a number of long term customer and OEM partner and distribution deals. Prior to that Pete held several executive leadership positions including Chief Revenue Officer for EnerBlu, a battery storage company; President and CEO of Versify Solutions, a leader in SaaS analytics applications for the electric power industry; Vice President and General Manager Skyhook, Inc. (formerly TruePosition Inc. and division of Liberty Media Corp,), a global leader in wireless geolocation systems and services; and Product Manager for Motorola Broadband (formerly General Instrument) with global P&L responsibility for electronic system monitors and network management software products.

Pete has a Bachelor of Science degree in Commerce and Engineering from Drexel University, and Master of Business Administration degree from Columbia University.

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Dr. John Carrano

Senior Vice President Clinical R&D and Regulatory Affairs

Dr. Carrano founded Paratus Diagnostics in 2012 after recognizing a need for a diagnostic device that was truly point-of-care. His idea was to develop a simple chairside test that would provide accurate results in minutes instead of days. Previously, Dr. Carrano served as vice president, research & development at Luminex Corporation (NASDAQ: LMNX) where he led the development of FlexMAP 3D, MagPix, MagPlex Beads and Exponent Software among other products.

Prior to Luminex, he was a program manager for the Defense Advanced Research Project Agency (DARPA). At DARPA he developed several major Defense Department bio-sensing programs totaling more than $200,000,000. In addition, John conceived, initiated and led the Chemical and Biological Sensors Standard Study while at DARPA. The study gained wide acceptance within the DoD and DHS communities and has been used as the basis of several major government programs to establish meaningful and fair standards for all contractors to follow.

Earlier in his career, he served on the faculty of the United States Military Academy at West Point where he taught electrical engineering and computer science, and was a research scientist in the Photonics Research Center.

Dr. Carrano is a veteran of the United States Army with over 24 years of decorated service including a variety of command and staff positions both in the US and abroad. He graduated in the top 10 percent of his class from the United States Military Academy at West Point and earned his PhD in Electrical Engineering from The University of Texas at Austin. Dr. Carrano was awarded the Defense Superior Service Medal by Secretary of Defense Donald Rumsfeld in part for his contributions to the nation in combating bioterrorism.

Dr. Carrano has 13 patents and over 60 publications. He is a Fellow of the Society of Professional Engineers (SPIE). In 2012 he was appointed to the Department of Homeland Security’s Science Advisory Board by Secretary Janet Napolitano.

Chris Nicolaou

Chris Nicolaou

Director of IT

Chris Nicolaou is business technology executive who has been involved in business start-ups for the last 25 years. He is an executive and business architect with proven experience in launching and growing high-tech service delivery companies. His biggest accomplishment to date has been the founding and sale of an MSP; growing it from annual revenues of $60k to over $5.5MM and has led teams ranging in size from 10 to over 150 people.

His 25 years of experience in business spans consulting and leadership in the fields of aerospace, law, energy, general contracting, insurance and medical industries, to real estate and government, in which he has held roles such as CEO, COO, CIO and CRO.