Archer Materials up 400% year-on-year as technology advances towards solving future problems
Archer has made significant progress in the past year towards its products empowering next-generation technologies like quantum computing.
Company
ASX:AXE
Archer is a quantum technologies company developing solutions for next-generation computing, advanced sensing, and breakthrough medical applications.
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Archer has made significant progress in the past year towards its products empowering next-generation technologies like quantum computing.
Hardware & electrical equipment
Receiving the Fist Office Actions is a key step in the process for the grant of a patent in the administering jurisdiction.
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The company is building semiconductor devices, including processor chips, that are relevant to quantum computing and lab-on-a-chip biosensor technology.
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The work represents a significant technical achievement because the electronic transport measurements were performed on a single qubit – only a few hundred atoms across – and at room temperature.
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The patent gives the company access to the high-value Japanese market – a top-five global economy - for the 12CQ chip. It is also the first step to access global markets.
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Archer contributed to the development of the scoping study, together with other semiconductor sector leaders.
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The company’s quantum technology could be well-placed to lead the drive in developing power storage and generation to combat climate change.
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The sale of the tenements is part of Archer’s strategy of monetising non-core mineral exploration assets and proceeds will assist in the funding tech-related activities.
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PEPR is a significant step towards production and better positions Archer for partnerships and co-development with key players in the lithium-ion battery supply chain.
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The quantum computing outcomes from the collaboration will target multiple sectors, including ICT and financial services.
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The company has divested non-core exploration tenements during 2020 to fund its advance materials business with a focus on quantum computing.
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The company has completed the preliminary stages of its quantum measurements towards qubit control by successfully characterising optimised and unoptimised QC Devices.
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The materials technology company has made a step-change in advancing its graphene-based biosensor technology development to commence its lab-on-a-chip A1 Biochip™ project.
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The Australian materials technology company said its latest development work on its 12CQ cubit chip modelling, directly addressed a key area of priority to accelerate the development of quantum computing globally.
Computational models developed for the first time accurately predicted Archer’s 12CQ qubit behaviour, necessary for successful chip operation.
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If successful, the patents will de-risk Archer’s path to technology commercialisation and will provide opportunities for commercial partnerships and licensing.
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The company believes the appointment of Ken Williams will add value to its operations that include developing technology in quantum computing, biotechnology and lithium-ion batteries.
Participants at the Quantum Computing Summit at London have expressed confidence in the progress of quantum computing technology and believe there will be more opportunities in the future.
Hardware & electrical equipment
The company’s graphene-based biosensor technology development has an ongoing focus on exploiting the advanced chemistry of its new graphene materials to arrive at a minimal viable product.
The company is progressing its graphene-based biosensor technology prototype development using low-cost, rapid 2D and 3D printing.