Earlier this week Proactive held a Technology Webinar, attracting investors from inside and outside of Australia and setting the scene for three ASX-listed tech companies – Archer Materials Ltd (ASX:AXE), Cirralto Ltd (ASX:CRO) and XTEK Ltd (ASX:XTE) to present on their stories, strategies and future plans.
The webinar, which included three 12-minute presentations followed by a 5-minute Q&A session was live-streamed and can be viewed at any time.
To watch the full webinar, follow this link.
Archer highlights global-scale
Archer Materials chief executive officer Mohammad Choucair introduced investors to the global-scale in opportunity its technology represents.
The Sydney-based technology company is one of very few companies in the world building a quantum computing chip and the only one listed on the ASX doing so.
Holding a market cap of A$263.9 million, A$6.61 million cash in the bank at March 31, 2021, and no debt, he said the company was well-funded to act on its key activities.
These include progressing its deep-tech development with a focus on milestones in the operation of the 12CQ chip, strengthening commercial opportunities and advancing international prosecution of patent applications.
He said: “Archer’s objective is to build a quantum chip that can function at normal conditions on modern-day devices.
“We are on the path to achieving this and it is absolutely exciting to be in this position.”
Choucair highlighted that according to BCG and Goldman Sachs, value for investors in the multi-billion-dollar quantum computing economy is expected to increase rapidly as the commercial viability of quantum hardware matures.
- For one, the CSIRO reported Australian quantum tech could create A $4 billion revenue and 16,000 new jobs by 2040;
- The US National Quantum Initiative Act was signed into US law on December 21, 2018;
- The US is strengthening investments in quantum tech and preparing a quantum-ready workforce; and
- More than 100 companies in the UK are active in quantum computing with more than €1 billion of investment expected.
To watch this presentation, click here.
Cirralto outlines niche market
Cirralto managing director Adrian Floate outlined the company’s niche market as a software vendor to investors coupled with payments and finance.
He said: “We’re on a mission to fundamentally change the way people do business by implementing digital tools that streamline business processes, improve efficiency and payment practices so businesses can trade faster and get paid quicker.”
Floate highlighted the business’ transformative year since between August 2020, which saw the company sign a binding share sale agreement to acquire Invigo, as well as referral agreements with Mastercard and Fresh Supply Co Ltd.
He said: “We are hitting the market hard … and we are getting recognition from market participants that they want to work with us to unlock the revenue potential in their existing networks.”
To watch this presentation, click here.
XTEK's soldier solution innovations
To conclude the event, XTEK managing director Philippe Odouard spoke about the company’s world-class innovations in soldier solutions.
He said the business revolved around helping the soldier on the front-line, which include ‘Ballistic Solutions’ such as helmet systems, hard armour, soft armour and ballistic shields as well as technology solutions under the umbrella ‘Actionable Intelligence’.
These include XTatlas™, SARBI™ and the AirWolf: Sensor to Shooter system.
Odouard emphasised the company’s worldwide commercial coverage, comprising three facilities in Australia, a wholly-owned subsidiary in the US, HighCom Armour, and 45 agents in North America, Europe, the Middle East and Asia Pacific.
To view this presentation, follow this link.