Quintillion Statement Regarding Federal Charges

Quintillion Press Release
April 12, 2018

Quintillion became aware of the situation regarding the alleged actions of Ms. Pierce last year, took swift action and self-reported to the Department of Justice (DOJ). Quintillion has been cooperating fully with the authorities during this ongoing investigation.

Quintillion values its partnerships with customers and investors and the alleged actions of Ms. Pierce are not aligned with how Quintillion conducts business. The ongoing investigation has not impacted Quintillion’s operations nor the quality of its services. Quintillion continues to move aggressively to extend its network and provide world-class telecommunications to Alaska and beyond.

“Quintillion is proud of the project we have built and are committed to expand the footprint of our fiber optic network,” said Kristina Woolston, vice president of external relations. “This is a transformative project for Alaska and beyond.”

The Quintillion board of directors hired George Tronsrue III as interim CEO in August 2017. Tronsrue is a proven and credible telecom infrastructure development executive, known for his industry expertise, positive leadership and strong problem-solving skills, also having a reputation for accomplishing extremely difficult and challenging objectives with absolute honesty and integrity.

About Quintillion

Quintillion is headquartered in Anchorage and is the company that built and is operating the Quintillion Subsea Cable System, bringing affordable high-speed Internet access to the Arctic for the first time. Quintillion is a fiber optic broadband provider of Gig-E and higher services to carriers and government markets. Quintillion’s system provides access to substantially improved service quality for telecommunications providers while reducing the cost of backhaul infrastructure compared to existing satellite and microwave technologies. Route maps and other information are available at Qexpressnet.com.